The Consumer Financial Services Action Plan - Opportunities for the Banks

Complying with customer due diligence and KYC norms is perhaps the most important and time consuming aspect of initiating a new banking relationship. Yes, it is important to cover the credit risk, but the consequences of failing on the KYC or AML (Anti-Money Laundering) front are far more severe. This is the primary reason why many banks are spending billions annually on performing customer due diligence the old fashioned way. New EU guidelines and the tools that they provide aim to change just that.

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Consumer Financial Services Action Plan - An Introduction

The EU single market produces an unmatched € 15trillion worth of goods and services annually. Such a large and unified market presents a great many opportunities for businesses willing to invest in it.

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Is non-repudiation really non-repudiable with digital signatures?

What does non-repudiation mean? Repudiation means to reject or deny the validity of something. Non-repudiation is a legal concept that is widely used in information security. It refers to any service, which provides proof of the origin of data and the integrity of the data. In other words, non-repudiation makes it very difficult to successfully deny who/where a message came from as well as the authenticity of that message.

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PAdES and Long Term archival (LTA)

Under the eIDAs Regulation, specifications for formatting advanced electronic signatures for PDF documents are set under PAdES. PAdES is the electronic signature design for PDF Advanced Electronic Signatures.

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UBS launches qualified electronic signatures

The ZertES legislation (Swiss digital signature law) was placed into effect in Switzerland on December 19, 2003. The purpose of this legislation was to regulate the manner for which trust service providers could use certification services with electronic signatures.

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The future of eIDAS in Britain

Markets hate uncertainty and the confusion regarding issues related to Britain’s exit from the European Union have roiled equity and currency markets. But it’s not just the financial markets which are affected- companies which rely upon EU regulations in order to conduct their day to day business are also reeling from this uncertainty.

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eIDAS and PSD2 – A perfect symphony in the digital marketplace?

The European Union is leading the way in the move towards the creation of a single digital market. The many advantages that a digital business has over it’s more traditional counterparts are only amplified when such businesses are allowed to operate seamlessly across multiple markets.

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eIDAS and Institutional Banking - the shape of things to come

A whole host of EU directives and regulations have been enacted to enable both consumers and service providers to benefit from added security, standardization of service levels and lower costs. Regulation No 910/2014, known as eIDAS, also aims to do this and the banking and financial services sector would be a big beneficiary.

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What is a secure signature creation device

As defined by Regulation (EU) No 910/2014 (eIDAS), which took effect on 1 July 2016, an electronic signature creation device is software or hardware that has been configured to generate an electronic signature. However, for such a device to be considered a secure signature creation device (SSCD), it must meet the specifications that are stipulated in Annex II of eIDAS

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