News & Analysis as of

FinTech Outsourcing

A&O Shearman

ECB publishes final guide on outsourcing cloud services

A&O Shearman on

The European Central Bank (ECB) has published its final guide on outsourcing cloud services, following from a July 2024 consultation. Feedback on the consultation is set out in an accompanying feedback statement. The guide...more

Morgan Lewis

What’s Driving Digital Transformation in the Financial Services Sector?

Morgan Lewis on

Through strategic outsourcing, companies in the financial services sector can improve the quality of services they offer to clients and increase internal operations by reducing inefficiencies—all while saving costs in key...more

Morgan Lewis - Tech & Sourcing

Outsourcing in Luxembourg: CSSF Consolidates Regulations for Financial Institutions

The financial services regulations relating to outsourcing by Luxembourg-headquartered financial institutions have been significantly simplified by the introduction of the Commission de Surveillance du Secteur Financier...more

Morgan Lewis - Tech & Sourcing

Global Trailblazer Mike Pierides on Outsourcing in the Financial Services Industry

As part of our Spotlight series, we spoke with Mike Pierides, the deputy leader of our technology, outsourcing, and commercial transactions team and a co-leader of our digital solutions industry team, on outsourcing in the...more

Latham & Watkins LLP

Private Bank Briefing – June 2021

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The latest edition of our Private Bank Briefing provides a roundup of legal and compliance issues impacting private banks and their clients from Q2 2021. In this edition, we cover sustainable finance developments, the...more

Perkins Coie

Fintech Week in Review - April 2021 #2

Perkins Coie on

FDIC Consumer Compliance Supervisory Highlights Fair Lending Risks - The Federal Deposit Insurance Corporation (FDIC) has issued the March 2021 edition of its Consumer Compliance Supervisory Highlights. The publication was...more

White & Case LLP

Financial Regulatory Observer - December 2019: Digitalization: Regulating the future of finance

White & Case LLP on

As technology reshapes the banking industry, regulators are rising to the challenge. Digitalization is at the forefront of the challenges facing the banking industry as it undergoes a period of unprecedented upheaval....more

White & Case LLP

ESMA reports on FinTech firm licensing regimes across Europe

White & Case LLP on

On 12 July 2019 the European Securities and Markets Authority (ESMA) reported on the status of FinTech firm licensing regimes across the EU, based on two ESMA surveys of EU national competent authorities (NCAs). ESMA's report...more

White & Case LLP

Financial Regulatory Observer – June 2019: Outsourcing: Final countdown to implementation

White & Case LLP on

New guidelines reflect the rise of outsourcing by financial institutions in a new era of disintermediation and technological change. In February 2019, the European Banking Authority (EBA) published its final guidelines on...more

Latham & Watkins LLP

What EBA’s Outsourcing Guidelines Mean for Financial Institutions

Latham & Watkins LLP on

The guidelines create new obligations for financial, payment, and electronic money institutions that will impact cloud outsourcing and deployment of FinTech. On 25 February 2019, the European Banking Authority (EBA)...more

A&O Shearman

European Banking Authority Publishes Revised Guidelines on Outsourcing Arrangements

A&O Shearman on

The European Banking Authority has published revised Guidelines on outsourcing arrangements. The guidelines are intended to update and replace outsourcing guidelines issued in 2006 (by the EBA's predecessor, the Committee of...more

Morgan Lewis

UK Regulator’s Fine Indicates Continued Emphasis on Outsourcing Issues Affecting Retail Customers

Morgan Lewis on

A significant fine imposed by the UK’s Financial Conduct Authority (FCA) on an established UK insurer is further evidence of the increased scrutiny being placed on outsourcing arrangements by the financial services regulator,...more

Latham & Watkins LLP

European Banking Authority’s Draft Guidelines on Outsourcing: Discussion of Key Themes

Latham & Watkins LLP on

The EBA’s draft guidelines on outsourcing will impact cloud outsourcing and institutions’ deployment of FinTech. On 4 September 2018, a wide audience of interested individuals gathered at Canary Wharf for a public hearing...more

Morgan Lewis

French Technology Services Leaders Continue to Expand with US Acquisitions

Morgan Lewis on

We are seeing more merger and acquisition activity among technology services companies as European companies are seeking to expand their presence in US markets. Just this week, another acquisition of a growing US-based...more

A&O Shearman

European Banking Authority Publishes Recommendations on Outsourcing by Financial Institutions to Cloud Service Providers

A&O Shearman on

The European Banking Authority has published its final report on Recommendations on outsourcing by financial institutions to cloud service providers. The EBA has developed the Recommendations on its own initiative as part of...more

BCLP

Frenemies: Gaining Efficiency Through Shared Services

BCLP on

Bryan Cave colleagues Ken Achenbach and Sean Christy join Jonathan and me on this episode of The Bank Account to examine the ability of banks to gain efficiency through shared services. Throughout the business environment,...more

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