Compliance and Regulations​

Regulatory watch​

• Continuously up to date on new regulations and their impact on payments business​
• Automation of the regulatory watch leveraging our proprietary AI solution​

Audits, Security & Risk Analysis​

• Audit of the organization's compliance ​
• Risk assessment leveraging gap analysis and impact assessment tools such as a Systematic Risk Assessment​

Licensing, Registration

• End-to-end process for licensing and registration of E-money and Payment Institutions Licensing (EMI/PI) with deep expertise in UK and EU central banks ​

New products/ Technology compliance​

• In-depth knowledge of the regulatory framework of new payment products such as cryptocurrencies and crowdfunding platforms that can fall into a grey area​

Program management​

• Manage compliance programs, prioritize compliance roadmaps and streams, and secure regulation deadlines​

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European Payments Initiative

While being a frequent topic of discussion in the payment ecosystem for many years, EPI is now a reality with a defined and validated scope. Massive investments have been made (and are expected to be made) by the banks, and it's now a race to see who's going to be ready first.

EPI is building a flexible and secure payment scheme allowing existing instant account-to-account payment infrastructures to be used in a wider range of use cases (P2P, P2PRO, Point of sales, E-commerce). The payment applications will extend and be enhanced over time. Customers will be able to use any of their eligible bank accounts to pay instantly, securely and with ease. 

PSD3

As we explore PSD3, Sia Partners delved into its multifaceted implications for stakeholders across the financial spectrum. From PSPs to consumers, merchants to regulators, each entity is impacted by the changes of PSD3. As the payments landscape evolves at an unprecedented pace, PSD3 emerges as a compass guiding the path toward a safer, more competitive, and innovative future. 

• Migration of domestic regulatory provisions to the new SEPA and SWIFT standard​​
• Support in continuity planning (recovery & exit, wind-down planning) for payment and e-money institutions​​
• Support to obtain E-money and Payment license requests: end-to-end license proposal for central banks for new payment solutions to obtain their payment license under PSD2 requirements​​
• Implementation of systematic risk assessments as a strategic tool for risk management​​
• Deployment of Sia Partners AI solution to automate regulatory watch and facilitate its processing​​