The EU’s Markets in Financial Instruments Directive (MiFID II) is a complicated piece of legislation. Still, no business can afford to get it wrong.
Britain is poised to leave the EU in the end of October. The divorce could affect everything from RegTech funding to legislation.
Most banks in Denmark will be ready for PSD2 by its implementation date, although the quality of the APIs will be debated – and there are concerns around the readiness for Strong Customer Authentication (SCA), according to Tobias Thygesen director of FinTech, payment services and governance division at Finanstilsynet.
Investment in RegTech companies has reached record levels in the first six months of 2019. The question is why that is and if the growth will continue.