What will the big RegTech trends of 2021 be?
As we say goodbye to 2020, it is time to look ahead to what 2021 will bring for the world of compliance and RegTech. The world is not going to forget 2020 anytime soon. It was a tough year for many people and companies around the world. Financial institutions had to dramatically change their services…
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UK FCA Issues a Statement on Regulatory Permissions
We are very excited and pleased to see the UK FCA issuing a statement on Regulatory Permissions and asking firms (and other regulated firms from outside the UK) to regularly review their regulatory permissions. I wrote an article about this very issue in the RegTech Book titled Passporting in the EU – Is an Opportunity also a Problem.…
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How UK and Third Country Financial Institutions Relying on the Reverse Solicitation Regime under MiFID II Can Service Clients in EU Member States
Are you a UK or Third Country financial institution relying on the Reverse Solicitation Regime under MiFID II (i.e. at the client’s own exclusive initiative) to continue to lawfully service some clients in the EU Member States? Are you aware that some of the EU Member States have expressly disallowed reverse solicitation as a method…
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Get Ready for Brexit: Top 5 Tips for Financial Institutions
Financial institutions will need to remain compliant after Brexit. All passporting rights will be lost when the UK leaves the European single market on 31 December 2020. This could cause issues for: UK-authorised firms that currently passport their authorisations into Europe. EEA-authorised firms that currently passport their authorisations into the UK. On 31 December, these…
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Muinmos Selected for RegTech 100 List for 4th year
Published by LeapRate and Finance Magnates on 2 December 2020 For the fourth consecutive year, automated regulatory compliance specialist, Muinmos has been included in the annual RegTech 100 – a list of the world’s most innovative RegTech companies. The companies in the prestigious RegTech 100 list transform compliance, risk management or cybersecurity by solving a…
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What will Brexit mean for UK FinTech?
The UK is home to one of the world’s most thriving FinTech and RegTech communities, but Brexit has raised concerns about whether the future of the ecosystem is at risk. Brexit is still happening. With the contentious US presidential election having just been settled and the coronavirus pandemic still raging, the UK’s exodus from the…
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What are the biggest mistakes RegTech companies can make?
The RegTech industry has proven resilient throughout the Covid-19 crisis, but vendors better avoid making big mistakes to ensure their future success. So far, RegTech has proven to be particularly robust in the face of the coronavirus pandemic. In fact, the first half of 2020 saw the sector enjoy a 5% increase in total funding, compared…
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Muinmos Wins Global Forex Awards 2020 for Best RegTech Reporting Solution
London, 10 June 2020, Wednesday – Muinmos’ proprietary regulatory compliance engine has been voted Best RegTech Reporting Solution in the Global Forex Awards 2020. The Global Forex Awards 2020 – B2B are a celebration of businesses from around the world pushing the boundaries of innovation in B2B forex trading solutions. They champion the best performing…
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Why Brexit will continue to be a big challenge for financial services firms
Despite being more than three years in the making, the UK’s divorce from the EU is still a cause of great uncertainty for financial services firms. The negotiations have currently come to a stalemate as most European nations are busy dealing with the coronavirus outbreak. Not only has the pandemic put the negotiations on hold, but so…
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