Ellex Legal’s Post

Let's start!!! #iFXEXPOInternational2024 #iFXEXPO #iFXTALKS #ViktoriaSoltesz #pspangels #forex #paymentconsultants #paymentconsulting #movingmoneybook #banking #payments #trading #exchange #conference #networking #speakers #Cyprus

Section 44 of the Banking Act provides that, “No institution shall increase its rate of banking or other charges except with the prior approval of the Cabinet Secretary.” The bone of contention with regard to this section is whether this section was intended to control the rate of interest or whether it only applied to other banking charges. Read the full alert by Stella Njagi - Gikonyo and Christopher Muchiri #CMAdvocatesllp #legalalert #bankingact #casestudy

🔃 Enhancing payments in the European Union: the impact of the instant payments regulation. Our experts Enric Comabasosa-i-Esqué and Marc Mouton share their insights on the topic as the authors of the article. 📖 Access the publication here > https://lnkd.in/eE9bZstf 🏢 Learn more about our Banking & Financial Services > https://lnkd.in/dQWjmGf #Luxembourg #banking #financialservices #finance #instantpayments #instantspaymentsinEU

I am happy to share the latest article co-authored with Marc Mouton (Arendt & Medernach) detailing the impact of the Instant Payments Regulation! This regulation marks a major step forward in enhancing the speed, security, and efficiency of financial transactions within the EU. Some of the key highlights of the Instant Payments Regulation are: 🕒💸 Enhanced speed and efficiency: Enables the transfer funds in less than 10 seconds, available 24/7, 365 days a year. 🏦🔒 Increased financial autonomy: Reduces dependence on third-country financial institutions, strengthening the EU's financial independence and stability. 🔐👤 Robust security measures: Implements comprehensive data protection protocols and IBAN/name verification to prevent fraud and ensure secure transactions. 🚀🏢 Promotion of innovation and competition: Fosters a competitive and innovative payments sector, delivering significant benefits to consumers and businesses. The regulation mandates that payment service providers offer instant credit transfers, facilitating seamless, rapid, and secure transactions. Despite certain implementation challenges, the regulation's comprehensive safeguards ensure a balanced approach that minimizes risks while maximizing benefits. For more information and to understand how these changes might impact your operations, we invite you to read the full article detailing this significant advancement in the EU's financial landscape. 📚 https://lnkd.in/e94wzsJZ Should you have any questions or require assistance with the implementation of the Instant Payments Regulation, please do not hesitate to contact us! #InstantPayments #SEPA #EURegulations #FinTech #FinancialInnovation #DataSecurity #EuroTransfers #BankingReform #PaymentsSector #FinancialServices #EUCompliance #SFFMagazine - Official Spanish Chamber of Commerce in Belgium and Luxembourg

Counting cash by hand wastes time and poses the risk of human error. Count cash accurately and efficiently with our top-of-the-line currency counters! Unlock precise counting and streamline your financial tasks effortlessly. #fec #financialequipmentcompany #financialequipment #casino #service #efficiency #cash #bank

Understanding the fees associated with payment transfers is essential for both consumers and businesses.  However, without specific transaction data, including the volume of transactions, it’s challenging to determine which bank offers the most cost-effective options. I analyzed the total revenue generated by the Fees for Payment Transfers across the top 5 banks in Kosovo, alongside the percentage these fees represent of their total revenue. Check out the infographic below for a comprehensive overview about fee income! #Banking #Kosovo #Finance #PaymentTransfers #Fees #DataAnalysis #Infographic #CustomerInsight

As we approach the end of the year, it's crucial for banks and financial institutions to look ahead and understand the implications of new laws, regulations, and standards. With only four ASUs issued by the FASB in 2024, institutions should prepare for significant projects that could impact them in 2025 and beyond. Learn more in our article https://ow.ly/4XtM50UsVZ2. #BNNcpa #Banking #Finance #ASU #FASB

The Conduct of Financial Institutions Bill (COFI) Do you want to know more about the Conduct of Financial Institutions Bill also known as (COFI)? In this insightful article Iniel van Zyl discusses key aspects of the bill and why it is important. "The COFI Bill aims to,inter alia,protect financial customers by promoting fair treatment by... Read more: https://lnkd.in/eDPBAPrg #iobsa #banking #bankingindustry #bankingnews #finance

A recent agreement passed by the 27 EU member states means that people across Europe will have universal access to instant money transfers, with all banks obligated to conform to the new legislation. 🌐 Anybody banking in Europe will be able to transfer a payment within ten seconds at any time of the day to a recipient in any other EU country. The law will take effect from April 2024, while banks have up to 18 months to introduce a compliant service. #europeanbanking #europeanbankinglaw #banking #financialadvice #wealthmanagement #chasebuchananwm

The Conduct of Financial Institutions Bill (COFI) Do you want to know more about the Conduct of Financial Institutions Bill also known as (COFI)? In this insightful article Iniel van Zyl discusses key aspects of the bill and why it is important. "The COFI Bill aims to,inter alia,protect financial customers by promoting fair treatment by... Read more: https://lnkd.in/dknZ6H-x #iobsa #banking #bankingindustry #bankingnews #finance