Contextual Solutions Blog
This page is dedicated to our original and curated content about FinTech, digital banking, LegalTech, and innovation.
The EU’s AI Act: A Leap Into the Future or a Step Back for Innovation?
With its latest draft unfurled on January 21, 2024, the EU's Artificial Intelligence Act steps into the spotlight as the globe's inaugural attempt at crafting a comprehensive regulatory framework for AI. But as this legislative titan begins to take form, a growing chorus of skeptics casts a shadow over its aspirations, cautioning that its efforts to govern could inadvertently throttle the very innovation it aims to nurture.
Exploring the Digital Operational Resilience Act (DORA) – How Financial Risk and ICT Risk Have Become One
The EU's Digital Operational Resilience Act (DORA) doesn't just blur the line between financial sector firms and their ICT providers; it erases that line entirely. This change has significant implications for everyone in FinTech and banking.
Banks Have Been Caught Red-Handed Committing ESG Fraud – or Have They?
Banks Have Been Caught Red-Handed Committing ESG Fraud – or Have They?
Environmental, social, and corporate governance (ESG) greenwashing has soared by 70%, with many of the ‘guilty’ firms based in the EU. Yet all may not be as it seems.
PSD3 Overview: The Draft Has Pitfalls Lurking Amongst the Good Intentions
PSD3: A much anticipated payment regulation
How will the third incarnation of the EU Payment Services Directive affect PSPs and other fintech firms? Significantly so, if it passes in its current form.
Coordinating Regulatory Frameworks for Crypto-Assets
“Pathways to the Regulation of Crypto-Assets: A Global Approach” by the World Economic Forum was released in May 2023. Read our take from the Report below.
Digital Markets Act Has Big Implications for Online “Gatekeepers” in the EU
The EU's Digital Markets Act regulation is coming into force. Will it have the intended effect of levelling the online playing field and allowing smaller firms to compete with large platforms? Or will it just make life more complicated for everyone?
MiCA: The EU Gets Serious About Crypto Regulation
New regulation is designed to protect consumers, enforce compliance, and track all significant transactions between crypto exchanges and private wallets. It's been broadly well-received by exchanges, in contrast to perceived dithering by the SEC in the US.
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