As part of this , Delano asked nine financial experts about the regulatory topics at the top of their list of priorities for the next 18 months. Here’s what Sara Berujon, executive director, Luxembourg, payments country head and regional product manager at J.P. Morgan had to say:
“Regulatory compliance isn’t just a requirement, it’s the right thing to do for end users. Over the next 18 months, regulation will establish protections for payments users across Europe. Take the instant payments mandate, which requires payment service providers to complete transfers in 10 seconds, allowing faster access to funds.”
Read also
“Or consider PSD3 [the Payment Services Directive], which creates a foundation for future regulation in the EU, strengthens consumer protection, improves transparency, and increases competition--all of which benefit consumers. From a data-sharing perspective, the proposed Fida [Financial Data Access] framework will let consumers grant and revoke third party access to data held by financial institutions. While some of these regulations have quick implementation timelines, compliance will lead to smoother experiences, increasing satisfaction and benefiting your business.”
.