Central Banks are assessing the possibility to release National Digital Currencies that could potentially substitute cash. This idea will allow Central Banks to have absolute control of all the money supplies. On top of that, they will compete with Commercial Banks for deposit accounts. An important technology that can contribute to this development is Blockchain. […]
An Assessment of Digital Euro Read More »
We have added a new member to the FiSer team Senne Achterberg. Senne is a consultant with extensive experience in Change Management, Lean Management and Organisational Development. His strong communication and interpersonal skills enable him to quickly connect the dots and they also help him to communicate with people at all levels across an organisation.
Senne Achterberg as FiSer Consultings New Consultant, Welcome to the Team Read More »
As the FiSer team continues to grow, so does the need for a suitable office location that can keep up with this growth. Therefore, we are happy to announce that we moved FiSer’s headquarters. As of now, you will be able to find us at Herikerbergweg 292 – 342, 1101 CT in Amsterdam.
FiSer Consulting Moved to a New Office! Read More »
The U.S. government has fined Rabobank National Association, a California-based subsidiary of Coöperatieve Rabobank U.A. (Rabobank) with EUR 298 million after admitting deficiencies with the Anti-Money Laundering (AML) compliance program. Money Laundering is a threat to the long-term sustainability of businesses. In the eyes of the regulators, AML is critical because it compromises a company’s
AML Management: Challenges and Opportunities Read More »
On Thursday February 8th, FiSer Consulting organised the Innovation event. The event gathered professionals from the finance and banking industry including consultants, Fintech accelerators and large financial institutions. The topics that were discussed included best practices for implementing Artificial Intelligence, dealing with PSD2 challenges and initiatives to evolve to a more digital corporate culture. All
FiSer Consulting Event: Implementing Innovation Read More »
On 7 December 2017, the Basel Committee of Banking Supervisors (BCBS) issued the last elements of the Basel III (also referred to as Basel IV) guidelines on bank capital reforms. The revision aims to restore credibility in the calculation of risk-weighted assets (RWAs) and to improve the comparability of capital ratios. As stated before
The Basel Committee releases Basel IV Regulatory Reforms Read More »
The implementation of PSD2 will enable Third Party Payment Providers in executing payments on behalf of their customers, thus heightening the risk of fraudulent transactions. This is the main reason why the European Banking Authority (EBA) has developed Guidelines in cooperation with the European Central Bank (ECB) to ensure implementation of high-level fraud reporting requirements
Fraud Reporting Under PSD2 Read More »
PSD2 will become effective as of January 13th 2018, which does not apply to the security measures as outlined in the RTS. The use of the measures will become mandatory 18 months after publication of the RTS in the Official Journal of the European Union, which is scheduled for September 2019. The RTS has made
EBA Sets Due Date for PSD2 Implementation and Security Measures Standards Read More »
Open Banking is emerging across worldwide global banking. The concept makes use of open Application Programming Interfaces (APIs) that enable third party developers to build applications and services. The concept sets a framework for security and consumer protection as data sharing increases. In our latest paper ‘Open Banking: Impact, Challenges and Strategies in Financial Services’,
Open Banking: Impact, Challenges and Strategies in Financial Services Read More »
On 27 October 2017, The European Banking Authority (EBA) launched a public consultation on draft regulatory technical standards (RTS) specifying the framework for cooperation and the exchange of information between competent authorities under the revised Payment Services Directive (PSD2). The RTS also clarify the type of information as well as the templates to be used
New RTS on Home Host Cooperation Under PSD2 Read More »