The requirements on when to apply strong authentication for the EEA-based customers are outlined in the RTS on Strong Authentication – and they will fully come into force from the 14th of September 2019. Generally speaking, it’s required to apply strong authentication when:The user accesses their online account, and/orThe user initiates Read more…
If your FinTech startup is in the process of applying for the bank account opening or preparing for partner due diligence, you will need to produce and submit TONS of documents! To help you navigate the process and make it a bit easier for you, we created a FREE Guide with Read more…
It is common for investment firms, asset managers and banks to bundle products (sometimes it’s called cross-selling). Broadly speaking, European regulations require financial institutions to offer bundled or tied products only when these products meet the needs and the best interests of the clients – and be very transparent about all Read more…
Today I wanted to warn you about some common mistakes I see in marketing communications and public statements.1) Making market predictions or offering personal investment adviceMany startups and especially startup founders are “tempted” to make market predictions and offer personal investment advice to their audiences. Please, be aware that giving Read more…
Today I’m going to offer you a brief overview of how to define market manipulation and some common examples of what constitutes market manipulation. Market manipulation is an action (e.g. entering into a transaction, placing or cancelling an order, disseminating information, voicing a public opinion, etc.) that gives or may give Read more…
I recorded this video to reflect on why people might be afraid of GDPR 😉 By the way, in just few days myself a several dozens of other FinTech experts are starting together a 5-Day Privacy Policy Challenge which will allow us to experience first hand that GDPR is not Read more…
It is not uncommon to see regulatory requests for cryptocurrency-focused businesses to split activities into 2 parts: regulated and non-regulated. For example, the licensed (e.g. regulated) entity may be dedicated to operations with fiat funds and fiat deposits, and non-regulated entity would be facilitating transactions with cryptocurrencies or managing Read more…
My biggest takeaway from reading the Liechtenstein Blockchain (they named it “TT” for “trustworthy technology” – to ensure that the law is technology-neutral) Act draft version is that many of its provisions make a lot of sense. I really liked how a token is defined as a representation of any Read more…
Many startup founders ask me how to optimize the cost of transaction monitoring or blockchain tracking. Is it really necessary to send all transaction for monitoring and all blockchain transactions for risk-scoring? No! You can be selective and apply a risk-based approach 🙂 It might indeed be very costly to Read more…
