Sophie Bowler

📣 We’re thrilled to share the latest updates to our Global Central Banking & Financial Regulation qualifications, delivered in collaboration with the Bank of England. Updated modules include: 🏦 Money, Banks and Financial Innovation Explore the vital role of money, banks, and financial institutions in today’s economy. This module covers fractional reserve banking, the importance of central banks, challenges of shadow banking, historic bank failures, systemic crises, and the impact of fintech on payment systems. 🖥️ Data Science, AI & Machine Learning Harness the power of big data and machine learning. You’ll be equipped to analyse forecasting techniques for economic indicators like inflation and recession risks, address ethical challenges in banking, and gain hands-on experience with machine learning using R programming. As the financial landscape continues to evolve, we’re committed to ensuring our modules reflect current developments and insights 💡 Discover the programme: https://lnkd.in/eRiVQSE5 #FinancialInnovation #DataScience #BankingEducation

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Open banking was covered widely at this week's Labour Party Conference, with widespread recognition of its critical role in powering UK economic growth and innovation. A standout moment was our Policy Director, Luke Ryder joining a fintech panel alongside Luke Charters MP, TrueLayer’s Megan Coulson, Financial Conduct Authority's Sacha Sadan, and Startup Coalition’s Charlie Mercer. The discussion explored: ✅ The journey OBL is supporting with industry and regulators to secure a long-term framework for open banking; ✅ How we can accelerate progress towards Open Finance to unlock benefits for consumers, businesses and the wider economy; ✅ The growing collaboration across the ecosystem to make this vision a reality. We were also pleased to participate in Innovate Finance and EY’s roundtable on Tech’s Plan for Change, where open banking was highlighted as a prime example of UK-led innovation. Attendees welcomed the move towards a sustainable, long-term model that supports the full ecosystem and enables continued growth. OBL remains committed to working with industry, policymakers, regulators, and consumer and business representatives to support this flourishing UK sector and ensure open banking continues to play a pivotal role in driving inclusive economic growth. #OpenBanking #OpenFinance #Innovation #FinTech #FutureOfFinance #Innovation #DigitalInnovation #TechInnovation The Labour Party

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Monzo Bank has become the latest bank to join the MTD goldrush as the digital bank announces that sole traders and landlords will be able to file taxes directly to HMRC from their business bank account without the need for separate software. The filing tool, provided via a partnership with Sage Embedded services, supports the quarterly MTD submissions and end-of-year returns, starting from the 2026/2027 tax year. Monzo joins the likes of NatWest Group, Starling and Tide in the race to attract business bank accounts -- a recommended step in the MTD process. Full story in the comments below 👇

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As Verification of Payee is today rolled out across Europe, our Chief Strategy and Product Officer, David Crawford, spoke to Electronic Payments International about how Confirmation of Payee (CoP) helped inform its development.   Since launching in 2020, our CoP account name-checking service has become recognised as an effective anti-fraud tool that is now used by over 300 organisations performing 2.1m checks every day.   From detailed insights on critical aspects of the development journey to dedicated workshops as part of regular engagement activity, David highlights how we shared the lessons from CoP’s evolution in the UK with the European Payments Council (EPC) to help inform this European counterpart.   A highly-collaborative undertaking, it’s a powerful example of how practical, cross-border knowledge sharing can significantly enhance global payment security and fight against fraud.   Read the article here: https://lnkd.in/ebg4y3nz   #Payments #Fraud #PayUK

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If you ever question why collaboration pays, look at this result: advocacy groups from the #payments industry including UK Finance and The Payments Association have prevented well-meaning but disproportionate regulators from imposing 'creative' but what would have been seriously damaging changes to safeguarding regulations in the UK. The team at Travers Smith led by Natalie Lewis and Matt Humphreys highlight this outcome in their article, explaining how the changes being made will mean EMIs and PIs can continue to compete on a level playing field. World class collaboration. Riccardo Tordera-Ricchi Robert Courtneidge Mitch (Munish) Trehan Neil Harris Jana Mackintosh Nuala Jackson Sophie Boissier Ben Agnew Tom Brewin https://lnkd.in/evjedX7H

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💡 Changes to the Financial Conduct Authority's safeguarding rules for payments and e-money firms are finally here. These new rules create a CASS-style regime to better protect customer funds. The FCA listened to industry feedback and made some key adjustments: ▪️ 9 months to implement instead of 6 months ▪️ Audit exemptions for smaller firms ▪️ Post-repeal regime with statutory trust arrangements postponed ▪️ Limited assurance requirements for firms with zero relevant funds removed However, starting 7 May 2026, payments and e-money firms must: ✅ Reconcile customer funds daily ✅ Get annual independent audits (firms safeguarding below £100k are exempt) ✅ Report monthly to the FCA ✅ Maintain CASS resolution packs for faster fund recovery Want to discuss your safeguarding needs and how we can help you get compliant? Come say hi: https://lnkd.in/eWVfCX4m More information? https://lnkd.in/euSbJJXa

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