Gaurav Sharma (guest)

Gaurav Sharma has been working as an independent financial and business consultant and strategist for the past three years. He works with fintech startups, wealth management firms, international banks, consulting companies and multi strategy investment funds. Gaurav assists his clients with financial strategy and investment analysis, drawing on his experience of managing a diverse array of Fortune Global 500 clients from across the globe. He also loves to write about innovations and cyber-security in financial technology and banking. Gaurav has six years of international banking experience (Standard Chartered Bank and Citi). He has covered the entire gamut of banking products with experience in corporate finance, trade finance, derivatives, risk management and so on. Gaurav is a Certified Financial Risk Manager and a CFA Level III candidate. He holds an Engineering Degree in Computer Science and an MBA from the Indian Institute of Management in Kozhikode.

Banking and Finance Amid Lockdowns – How eIDAS e-signatures are helping to keep it going

The need for social distancing and the fact that most office workers are now exclusively working from home, has led to profound changes in the business world. While the move to digital was already underway in many countries, the recent crisis has provided a new impetus. Many countries already had the underlying regulations and framework for digital identification and signing in place, and they are finding it easier to make the shift. Those that did not, are scrambling to catch up. 

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EBA’s opinion on elements of Strong Customer Authentication under PSD2 – Part 2 – Possession and Knowledge

Financial institutions and solution providers are busy implementing the requirements of Strong Customer Authentication (SCA) under the Revised Payment Services Directive (PSD2) and the Regulatory Technical Standards (RTS).

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EBA’s Opinion on elements of Strong Customer Authentication under PSD2 – Part I - Inherence

A fundamental objective of the Revised Payment Services Directive (PSD2) has been to reduce the risk of fraud to the maximum extent possible and ensuring security for electronic payment transactions.

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eIDAS  - Remote Electronic Signatures for Banks - Harnessing the Savings Potential (part 2) 

In Part 1 of this series, we looked at how remote electronic signing can help banks with faster onboarding, reduction in operational and legal risks and enhancing operational efficiencies in relation to corporate banking clients. The direct savings from that alone can run into the millions and if we account for the opportunity costs of not having remote electronic signing solutions, that cost can be much higher.

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eIDAS - Remote Electronic Signatures for Banks - Harnessing the Savings Potential (part 1)

User experience is always front and centre when it comes to attracting retail consumers. But what about corporate and institutional banking? Surely large corporations with dedicated finance departments have things other than just user experience on their minds. Are remote signing solutions worth it for them?

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eIDAS  - Electronic Signing for Professional Service Providers (Notaries, accountants, insurance agents, consultants)

If SMEs are the backbone of an economy, professional service providers are the ones who grease the cogs of that machinery. Notaries, accountants, insurance agents, consultants etc. provide value added services that are indispensable to the operations of a business in the 21st century. We touched upon how eIDAS can be leveraged for professional service providers in a previous article here.

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Taking Stock – How is eIDAS stacking up for SMEs? (Part 2)

In Part 1 of our article, we briefly summarised the challenges faced in the uptake of eIDAS services for SMEs. A recent study conducted for the European Commission found that awareness and lack of resources were the main barriers. Efforts to highlight the benefits of eIDAS services through real-life case studies was also found to be lacking. In order to address these barriers to adoption, certain recommendations were made which are summarised below.

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Taking Stock – How is eIDAS stacking up for SMEs? (Part 1)

SMEs continue to be a key focus area for the European agencies to fuel growth and enhance economic freedom for its citizens. Various policy tools and initiatives have been designed with an aim to level the playing field and make it easier for SMEs to compete with the big conglomerates using their limited resources. These tools may be termed as force multipliers and they are made possible through a combination of policy decisions and technological advancements.

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eIDAS and the eSignature Standards Driving Digitization in the EU

The world is slowly but surely moving away from its centuries-old obsession with paper. With the very real threat of man-made climate change, it is a welcome sign that the world is moving towards electronic means for recording and communicating information which is reducing the pressure on our forests. In addition to the trees saved, this also reduces the carbon impact of having to physically ship those documents around – usually via the least carbon-efficient modes like airplanes.

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