Fintech Insider Podcast by 11:FS

931. News: DORA is here, HSBC shuts down Zing, and is Nubank coming to the UK?

6 snips
Jan 27, 2025
Guest
James Dodsworth
Guest
Uri Tintoré
This podcast features James Dodsworth, Senior Manager of Financial Crime at Thistle Initiatives, and Uri Tintoré, Co-founder and Co-CEO of Belvo, a prominent open finance platform in Latin America. They explore the launch of the EU’s Digital Operational Resilience Act (DORA) and its impact on financial institutions, discuss the challenges facing smaller fintech firms in compliance, and highlight the closure of HSBC’s Zing app after a year. Additionally, they touch on Belvo's partnership with J.P. Morgan to streamline payments in Mexico and Nubank's potential move to the UK.
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INSIGHT

DORA's Impact

  • DORA aims to standardize defenses against cyber threats like phishing and ransomware.
  • It centralizes regulations to increase financial resilience in the European single market.
INSIGHT

PSR's Focus

  • The UK's Payment Systems Regulator (PSR) is working to improve the Faster Payments Service and reform pay.uk.
  • It also aims to remove barriers to payment innovation.
ANECDOTE

Belvo & JP Morgan Partnership

  • Belvo and JP Morgan partnered to improve recurring payments in Mexico.
  • Many JP Morgan clients needed recurring payment solutions beyond expensive card networks.
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