News
Why Suade welcomes DORA for a resilient banking industry
The Digital Operational Resilience Act (DORA) came into effect in the EU on 17 January 2025, introducing a regulatory framework to strengthen the digital resilience of financial institutions and their critical ICT service providers. With rising cyber threats, operational disruptions, and regulatory scrutiny, banks and financial firms must ensure their
What does the PRA’s decision mean for UK Banks in the era of Trump 2.0?
The Prudential Regulation Authority (PRA) announced on 17 January 2025 a one-year postponement of Basel 3.1 implementation, shifting the effective date to 1 January 2027. The PRA said: “Given the current uncertainty around the timing of implementation of the Basel 3.1 standards in the US, and taking into
Driving innovation and changing the game in RegTech: Suade's 2024 in review
As 2024 comes to a close, Suade Labs looks back on a year of remarkable milestones and industry-defining advancements in RegTech. Amid evolving regulatory demands, this year has seen financial institutions accelerate their adoption of innovative technologies to navigate compliance challenges with precision and agility. Advancing regulatory technology In 2024,
An Interview with Bill Coen (former Secretary General, Basel Committee on Banking Supervision) and Doug Elliott (Partner, Oliver Wyman)
In a recent interview, we sat down with Bill Coen, former Secretary General of the Basel Committee on Banking Supervision (BCBS) and Doug Elliott, Partner at Oliver Wyman, to explore the future of financial regulation under a hypothetical Trump 2.0 administration. Moderated by James Bowpitt, the conversation ranged from
Suade wins British Embassy award for driving UK innovation in Spain at the UK-Spain Business Awards
We are thrilled to share that Suade has been recognised by the British Embassy for advancing UK innovation in Spain during the UK-Spain Business Awards 2024! On 19 November 2024, we proudly accepted this prestigious accolade at the official ceremony held in Madrid. These annual awards celebrate companies fostering trade
Suade's CEO and founder shares insights on DORA implementation during panel discussion at EUROFI
Balancing compliance and innovation: operational resilience challenges for SMEs Diana Paredes , Founder, CEO of Suade and a contributor to Eurofi Magazine, recently shared her insights during a panel on cybersecurity and digital operational resilience: EU and global level challenges (DORA implementation, EU and global cyber frameworks). This regulation marks a
Suade's London RegTech Forum drives industry collaboration on the future of financial regulation
Held at the historic Guildhall in partnership with the City of London Corporation, the event provided a platform for Heads of Regulatory Reporting, CFOs, and senior executives from leading financial institutions, as well as regulators and other influential figures from across the finance industry to explore the latest trends and
RegTech, AI, and the evolving landscape at the London RegTech Forum
This panel discussion, "RegTech, AI, and the evolving landscape," explored the crucial intersection of regulation, data, and artificial intelligence in shaping the future of finance. Key takeaways: Regulation: no longer optional * The panellists agreed that regulation is now a fundamental driver of transformation in the financial industry, pushing
Data Standards: Now or Never at The London RegTech Forum
The panel discussion "Data Standards: Now or Never" underscored the growing importance of data standardisation in the financial sector, highlighting its potential to drive efficiency, transparency, and cost-effectiveness. Key takeaways: Benefits of Standardisation: * A unified data format simplifies compliance processes, improves data quality, and reduces operational costs. * Standardised
Accelerating RegTech Adoption: Regulatory & Industry Collaboration at The London RegTech Forum
The panel on "Accelerating RegTech Adoption: Regulatory & Industry Collaboration" highlighted key barriers and enablers to the widespread adoption of regulatory technology. Barriers to Adoption: * Procurement Challenges: Long procurement cycles and the growing power of procurement departments post-COVID, especially due to cost-cutting measures, make it difficult for RegTech