PSP Lab

Are you ready to comply with the FCA's new operational resilience requirements coming into force on 31 March 2022?

We know how much you care about your business and how committed you are to compliance. That's why have made a short guide to help you understand the basics of the FCA's new rules so you could double-check whether the operational resilience assessment you have already made corresponds to the FCA standards. Our new article explains 7 steps you should take to comply with the FCA's operational resilience requirements and provides a practical overview of dos and don'ts.

P.S. if you have not been authorised yet you should also read our article as the FCA may request you to provide it with your operational resilience assessment document during the application process.

FCA Operational Resilience Framework How To Comply - PSP Lab Learn 7 steps required to comply with the FCA Operational Resilience Framework Assessment requirements explained in our article.

The cryptocurrency industry is growing rapidly, and with it, the threats of criminal activity increase. To combat this, cryptocurrency exchanges are introducing anti-money laundering programmes that are supposed to eliminate the risks. Nevertheless, there are many myths in the industry and, oftentimes, a lack of understanding of the AML/CTF measures that are required. To fill this knowledge gap, we've prepared an article that outlines why cryptocurrency money laundering is a pressing issue and what can be done to prevent it.

https://psplab.com/crypto-anti-money-laundering-preventing-3-step-process/

Crypto anti-money laundering: how to prevent each step in a 3-step process. - PSP Lab Detailed explanation on how crypto anti-money laundering must work to minimise the risks and ensure compliance with AML/CTF obligations.

Core banking software is the business engine of any Electronic Money Institution, providing a variety of payment services from payment account to currency exchange and prepaid cards. The development or purchase of ready-made software is likely the most important strategic decision you will ever make when developing your EMI. There are many factors to consider while choosing one, starting with whether it should be developed from scratch by your own team, or licensed from a third party as a white-label solution, and ending with the functionality and versatility. To assist you in answering these questions and outline what modern core banking software, suitable for the EMI, should have, we wrote an article that covers 26 important considerations to take into account before making your decision. This article covers the main pain points of pretty much any EMI and outlines how they could be remedied. Moreover, it provides practical tips on how your current software could be improved to become the best core banking software on the market.

Best Core Banking Software. 26 Key Considerations How To Choose or Build One To Kickstart Your FinTech. Learn what are 26 key considerations which you must have in mind while choosing or developing the best core banking software.