Global Fintech & Payments Blog

Tag Archives: COVID-19

Privacy and Payments: New Draft EU Advice for Financial Institutions

As contactless transactions boom, EU regulators publish draft guidelines on the interplay between the GDPR and PSD2. By Fiona M. Maclean, Christian F. McDermott, Calum Docherty, and Amy Smyth Last year, more than half of all payments in the UK were made by card and contactless methods, while cash made up less than a quarter … Continue Reading

FCA Issues New Safeguarding Guidance for Payment and E-Money Firms Amid COVID-19

The additional temporary guidance aims to strengthen the arrangements for safeguarding customers’ funds and firms’ prudential risk management in light of the impact of COVID-19. By Stuart Davis, Brett Carr, and Anna Lewis-Martinez On 9 July 2020, the FCA published its finalised guidance on safeguarding customers’ funds during the COVID-19 crisis. The finalised guidance applies … Continue Reading
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