Christ! It's that Bunker guy again! 'Ha! He won't leave you alone, boss. He likes you.' Yeah, great, Voice. My life ...
Hi Michael,
Early stage fintech businesses may risk failing to deliver a successful product if they do not prioritize compliance with strict financial services regulations as part of the Software Development Lifecycle. Security is also a critical aspect of product development, and fintech businesses that ensure the highest levels of data security may find they hold a competitive advantage within the tightly regulated financial services industry.
Okay, okay. Okay. And what have I said about fintech? 'You don't want it no more.' No, I don't. Aren't there any new hedge funds launching anywhere? 'There must be.' Then why aren't I getting those emails?
This is according to Phil Bindley, MD at The Bunker, the outsourced infrastructure and ultra-secure data storage, who notes that developing partnerships with experienced third parties can help early stage fintech businesses to navigate the complex and challenging landscape of financial regulation.
Please find the full press release below, and if you would like to speak to Phil about this topic in more depth, please do let me know and we can set up an interview.
Listen, son, if Phil wants to talk about rainbows and human feelings, then bring it on. 'Otherwise you're not interested, boss.' No, I'm not. / Okay. I'm not going to do the whole thing because life is too short ...
Many companies quite naturally obsess about customer need and designing a product or service that solves their requirements. Only after the core product has been developed do they then mould around compliance factors. Fintech businesses that make compliance a priority throughout the product development lifecycle reduce the risk of discovering gaps in compliance and having to rebuild their products, avoiding costly downtime during the Software Development Lifecycle (SDLC).
The highly-regulated financial services sector features several significant regulatory hurdles - such as the European Union's Revised Payment Services Directive (PSD2), which will force banks to open their data and infrastructure to third party developers, and the Payment Services Regulation 2009, which places strict conditions on any business operating within the payment industry to ensure maximum consumer protection and establishes the maximum processing times for payments in Euro and other EU currencies.
Fair enough, I suppose. / And that's it! 'No, no, boss. Let Phil have his say.' What, all of it?! 'No, just one paragraph, to give your readers a taste, like.' All right.
Commenting on the issue, Phil Bindley, managing director at The Bunker, said: "Prioritizing compliance gives early-stage Fintechs a significant head-start in getting to market faster. To comply with the financial services sector's strict regulations, Fintechs must use data centres that not only guarantee UK data sovereignty, but conform to the most demanding industry standards. Navigating this landscape can be particularly challenging as many Fintech businesses while heavy in technology innovation can benefit massively from service providers that are experienced in delivering technology and cyber security services in the financial services sector. That's why it is crucial that they seek out partners with the relevant experience and expertise who can help them overcome these potential obstacles."
And that's all you're getting from The Bunker, dear reader(s). 'Is Phil actually The Bunker himself?' I don't know. And I'll be honest with you, Voice, I don't want to know.
ENDS
Let's move on!
...
Anything else? Oh, music? My music? This is the last music update, pop fan(s). I'm serious now because there's NOTHING ELSE to say, you dig? / I've still got ten songs. I haven't scrapped any. However, I've totally rewritten the lyric to one of my big ballads. The improvement is scary, and it makes me feel sick that I was seriously considering going with the first version. This song will be in fourth place on the demo, I reckon. Lucky You will be second. Love Me will be third. And another big ballad - the most commercial one - will be in first place. Alas, a third ballad will have to be left off the demo, for now.
Politics? Well, well ... / A lot of Leavers are saying that Brexit will cause damage to the country but it's something we can deal with because we will have the great Dunkirk spirit or something. It's funny though ... I don't recall any of this talk from them before the referendum. 'It was all sunlit uplands and cake then, Mikey.' I know! Strange, eh?
I'm not discussing Brexit any more either.
Laters.
Hi Michael,
Early stage fintech businesses may risk failing to deliver a successful product if they do not prioritize compliance with strict financial services regulations as part of the Software Development Lifecycle. Security is also a critical aspect of product development, and fintech businesses that ensure the highest levels of data security may find they hold a competitive advantage within the tightly regulated financial services industry.
Okay, okay. Okay. And what have I said about fintech? 'You don't want it no more.' No, I don't. Aren't there any new hedge funds launching anywhere? 'There must be.' Then why aren't I getting those emails?
This is according to Phil Bindley, MD at The Bunker, the outsourced infrastructure and ultra-secure data storage, who notes that developing partnerships with experienced third parties can help early stage fintech businesses to navigate the complex and challenging landscape of financial regulation.
Please find the full press release below, and if you would like to speak to Phil about this topic in more depth, please do let me know and we can set up an interview.
Listen, son, if Phil wants to talk about rainbows and human feelings, then bring it on. 'Otherwise you're not interested, boss.' No, I'm not. / Okay. I'm not going to do the whole thing because life is too short ...
Many companies quite naturally obsess about customer need and designing a product or service that solves their requirements. Only after the core product has been developed do they then mould around compliance factors. Fintech businesses that make compliance a priority throughout the product development lifecycle reduce the risk of discovering gaps in compliance and having to rebuild their products, avoiding costly downtime during the Software Development Lifecycle (SDLC).
The highly-regulated financial services sector features several significant regulatory hurdles - such as the European Union's Revised Payment Services Directive (PSD2), which will force banks to open their data and infrastructure to third party developers, and the Payment Services Regulation 2009, which places strict conditions on any business operating within the payment industry to ensure maximum consumer protection and establishes the maximum processing times for payments in Euro and other EU currencies.
Fair enough, I suppose. / And that's it! 'No, no, boss. Let Phil have his say.' What, all of it?! 'No, just one paragraph, to give your readers a taste, like.' All right.
Commenting on the issue, Phil Bindley, managing director at The Bunker, said: "Prioritizing compliance gives early-stage Fintechs a significant head-start in getting to market faster. To comply with the financial services sector's strict regulations, Fintechs must use data centres that not only guarantee UK data sovereignty, but conform to the most demanding industry standards. Navigating this landscape can be particularly challenging as many Fintech businesses while heavy in technology innovation can benefit massively from service providers that are experienced in delivering technology and cyber security services in the financial services sector. That's why it is crucial that they seek out partners with the relevant experience and expertise who can help them overcome these potential obstacles."
And that's all you're getting from The Bunker, dear reader(s). 'Is Phil actually The Bunker himself?' I don't know. And I'll be honest with you, Voice, I don't want to know.
ENDS
Let's move on!
...
Anything else? Oh, music? My music? This is the last music update, pop fan(s). I'm serious now because there's NOTHING ELSE to say, you dig? / I've still got ten songs. I haven't scrapped any. However, I've totally rewritten the lyric to one of my big ballads. The improvement is scary, and it makes me feel sick that I was seriously considering going with the first version. This song will be in fourth place on the demo, I reckon. Lucky You will be second. Love Me will be third. And another big ballad - the most commercial one - will be in first place. Alas, a third ballad will have to be left off the demo, for now.
Politics? Well, well ... / A lot of Leavers are saying that Brexit will cause damage to the country but it's something we can deal with because we will have the great Dunkirk spirit or something. It's funny though ... I don't recall any of this talk from them before the referendum. 'It was all sunlit uplands and cake then, Mikey.' I know! Strange, eh?
I'm not discussing Brexit any more either.
Laters.
