FNA’s Post

Coeus Institute's GERA, autonomously identified one of the most impactful News of the day under 'International Regulation and Agreements' category. GERA's Innovative Rating algorithm RATED this event ("Switzerland, EU restart financial market talks after long hiatus") with a score of 1128.84. GERA's patented rating algorithm automatically identifies critical events, categorizes /classifies them, finds root-causes, discovers correlations, and predicts future events.

𝐍𝐞𝐰 𝐏𝐮𝐛𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐟𝐫𝐨𝐦 𝐎𝐮𝐫 𝐃𝐞𝐩𝐚𝐫𝐭𝐦𝐞𝐧𝐭 Our latest paper, The Effect of Digital Platform Strategies on Firm Value in the Banking Industry," has been published in the Journal of Management Information Systems (JMIS). The paper is co-authored by Maximilian Schreieck, Yongli Huang, and Alexander Kupfer from our UIBK - Department of Information Systems, Production and Logistics Management, as well as Helmut Krcmar head of the KrcmarLab at the Technical University of Munich. 𝐒𝐮𝐦𝐦𝐚𝐫𝐲: Many incumbent companies, such as banks, implement digital platform strategies, aiming to leverage the innovative input of third-party developers in their ecosystem. However, it is still unclear whether incumbent companies benefit from digital platforms. In this paper, the authors use the event study methodology to analyze whether investors value a bank's announcement of a digital platform strategy. The results show that the stock market reacts positively to such announcements. The effect is stronger for banks in emerging markets and is not affected by the banks' AI orientation. Read the full paper here: https://lnkd.in/dq389MFx #digitalplatforms #JMIS #informationsystems #eventstudy

#ICYMI — European Parliament's ECON Committee has finalised the Financial Data Access (#FiDA) proposal. According to this proposal, #CASPs and issuers of #ARTs are scoped in as obliged entities, and crypto-asset data is scoped in, too. This is what it means ↓ ▶ Crypto-related financial data, collected for assessing suitability, will in theory enable customised and data-driven financial services, aiding small entities and promoting competition. ▶ FiDA aims to introduce a new set of innovation-friendly rules, harmonising access to financial customer data at a Europe-wide level unless explicitly denied by the consumer. ▶ This framework should build consumer trust by handing over control of data usage, safeguarding against unauthorised transmissions and ensuring compensation in case of breaches. ▶ Exclusions include data relating to health cover, confidential business details, undisclosed know-how, and 'gatekeepers' like Amazon, Apple and Meta. ▶ The proposal discusses data access via high-quality technical interfaces. The European Banking Authority (EBA) is expected to establish a register for authorised financial information service providers. This isn’t the first time we set our eyes on FiDA 👀 as in our previous paper we argued that CASPs, ART issuers, and crypto-asset data should be left outside its scope → https://lnkd.in/dxB7UiMh Find more details on the Press Release: https://lnkd.in/dAJ7qatK #CryptoRegulation #EU

Our new op-ed in JPost: The two-state solution may not be doing so well, but it's still the only viable option. https://lnkd.in/dC2Pecgy

Stef Lambersy of Acupay attended the ICMA - International Capital Market Association's Annual General Meeting and Conference in Brussels. The session on "The Current and Developing Role of SSAs in Today's Global Landscape" provided deep insights into SSAs' evolving funding strategies. - In Italy, Davide Iacovoni (Italy's Ministry of Economy and Finance) highlighted the critical role of foreign and retail investors in diversifying funding sources, especially amidst high uncertainty in capital markets post-June. The increased interest rates since 2021 have spurred strong demand from retail investors, emphasizing the need for SSAs to identify and tailor products to specific demographics while leveraging both traditional and digital communication methods. - In Germany, the use of dual tranches and U.S. issuances was noted as a strategy to diversify the investor base, with a call for SSAs to enhance transparency and reporting.   - The IDB pointed out a significant influx of European investors into sukuk products, including green and sustainable sukuk. Acupay and BondCom welcome the focus on retail investors, as it fits with our DNA and our strategic direction. The session on the Short-term Fixed Income market highlighted the importance of fast post-trade processing. Anne Wrobel (Financial Conduct Authority) mentioned that the resilience of short-term fixed-income markets mainly depends on having strong operational processes and sFTP connectivity, including the initial process of ISIN assignment. The FSA published a paper on this topic yesterday (Enhancing the Functioning and Resilience of Commercial Paper and Negotiable Certificates of Deposit Markets) Hedi Zebidi (Intesa Sanpaolo) underscored the importance of streamlined post-trade processing to ensure that it does not take longer than the trade itself.   At Acupay, we wholeheartedly agree with this statement, and have provided tax certification services on commercial paper, managing beneficial ownership identification and tax certifications, and achieving success on 1-day instruments. Marianne Demarchi (Swift) and Shruti Ajitsaria (A&O Shearman) discussed the growth of tokenized asset platforms. However, it is key that they do not become digital islands but are connected by a common platform. SWIFT can provide an underlying protocol that connects all market participants. Acupay System LLC and Bondholder Communications Group will continue to promote the use of Swift in the project we work on. #icma #capitalmarkets #debtcapitalmarkets #taxcertification

I am delighted to have participated in XPANSE 2024, an extraordinary forum held in Abu Dhabi that brings together global leaders to explore the future of exponential technologies. This event provides a platform for groundbreaking discussions and innovations across sectors, emphasizing interdisciplinary collaboration to shape the technological landscape. As part of the Quantum Stakeholders Assembly, I had the privilege of engaging in sessions dedicated to quantum advancements, including exploring critical use cases and the transformative potential of quantum technologies. This session was a continuation of efforts to align global strategies ahead of the United Nations’ International Year of Quantum (2025). It was also an honor to connect with Professor Dr.Hoda A.Alkhzaimi, a valued contributor to the World Economic Forum’s report on Quantum Security for the Financial Sector. This report provides invaluable guidance for ensuring a secure transition into the quantum era. For more insights, explore the paper below. XPANSE 2024 exemplifies the power of collaboration and innovation in tackling the challenges and opportunities of exponential technologies. Looking forward to continuing these transformative discussions! #XPANSE #QuantumTechnology #EmergingTechnologies #Collaboration #Innovation

Jamii Pay Ecosystem: Integration with systems like TIPS and GEPG will reduce financial service costs and increase financial system flows. #FSDT #FinancialInclusion #TIPS #GEPG #TAIC2024 Topic: The Role of Digital Public Infrastructure (DPI) in Unlocking Financial Inclusion

Countdown to DORA: How CISOs can prepare for EU's Digital Operational Resilience Act https://lnkd.in/dArpaybe

🚀 The recording of our latest #MiCA webinar is out! 🚀 💡 My colleague Ana James and I dissected the European Securities and Markets Authority (ESMA)'s draft Guidelines on the classification of crypto-assets as financial instruments last week and here is the recording: https://bit.ly/3URec1r While the Guidelines offer some clarity, there's still a lot left unanswered. Bottom line - subjective elements leave room for diverse perspectives from both market participants and regulators. Don’t miss out! Make sure to share your feedback with ESMA before the 29 April deadline. Your input counts - the more responses they receive, the greater the chance of crucial updates to the Guidelines are made, reducing uncertainty. XReg Consulting #cryptoregulation