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2023 has been a busy year for the payments compliance space — and a busy year for our ������ϲʿ�����¼ customers. With our coverage spanning topics such as the European Central Bank's controversial views on crypto, preparing for DORA and payments "D-Day", and the European Banking Authority's Q&As, ������ϲʿ�����¼ users have had plenty of insights to read and payments trends to keep up with.

In this blog, we reveal ������ϲʿ�����¼'s most read articles from 2023 — exclusive to subscribers only.

2023 Payments Trends: In a Nutshell

‍When not grappling with the latest sanction regimes, many ������ϲʿ�����¼ customers focused on preparing for the UK Financial Conduct Authority's Consumer Duty deadline in spring of 2023, and then spent their summer trawling through the EU's payment services proposals. The UK government and regulators released consultation after consultation, and the EU's plans for a digital euro continued to generate discussion. And, on top of all of that, Sam Bankman-Fried's trial did little to improve the crypto industry's standing with regulators and governments.

Positive highlights included the US and Canada finally making moves on open banking and the EU opting for harmonisation with its first Payment Services Regulation. And who could forget EU co-legislators' big surprise opening of direct access to payment systems for payments and e-money firms in the Instant Payments Regulation? 

Discover the top five topics our customers — and your industry peers — stayed updated with in 2023 below:

1) Payments D-Day

In June, the European Commission published its payments, open finance and digital euro legislation to optimism from payments insiders. 

Most-Read ������ϲʿ�����¼ Article Titles:

• Payments D-Day Confirmed: EU Unveils Its New Payments Legislation
• June 28: Mark Your Calendars for EU Payments D-Day
• EU Payments LegislationTalk Of Town After Documents Leak

‍2) European Banking Authority Q&As

The European Banking Authority (EBA) issued a new set of clarifications regarding the revised Payment Services Directive (PSD2) in October. ������ϲʿ�����¼ covered this extensively, detailing the updates on fraud loss liability, different business models for regular payments and safeguarding of funds. 

Most-Read ������ϲʿ�����¼ Article Titles:

• EBA Drops Ten New PSD2 Q&As (Part 1)
• EBA Drops Ten New PSD2 Q&As (Part 2)

‍3) The Digital Operational Resilience Act (DORA)

The Digital Operational Resilience Act (DORA) is on its way to becoming enforceable, and experts are warning it is time to take stock and prepare for a significant change in risk management. ������ϲʿ�����¼ users were keen to find out what this means for compliance teams’ risk management efforts.

Most-Read ������ϲʿ�����¼ Article Titles:

• DORA Preparation Sparks Overhaul In Risk Management

‍4) European Central Bank

In 2023, the European Central Bank was rarely out of the news, with two stories in particular striking a chord with our subscribers. 

Most-Read ������ϲʿ�����¼ Article Titles:

• ‘There Will Be Control’: European Central Bank’s Lagarde Reveal CBDC Plans During Prank Call
• Treat Crypto Like Gambling, Says ECB Official

‍5) Interview with the Payments Systems Regulator

In May, we interviewed the Payment Systems Regulator's (PSR) managing director at the launch of the watchdog’s annual plan. In this interview ������ϲʿ�����¼ discusses the PSR’s ambitions for payments, including unlocking the power of account-to-account payments, fraud and crypto. 

"With crypto more generally, we are in a realm of same risk, same rules. I'm very excited about the underlying technology that is there, as well as the potential for cost savings and better use cases. But [new technologies] should be expecting to be regulated in a similar way to more traditional systems."

_{- UK Payment Systems Regulator's (PSR) managing director, Chris Hemsworth}

Dive Deeper into 2023: Payments — A Year in Review

On the 14th December, we hosted a webinar that reflected on developments in the payments industry in 2023 through a global lens. This webinar highlighted some of the key events that helped shape the compliance landscape, and included some key predictions for 2024. 

That's 2023 wrapped! Want to stay ahead next year?

Get ready for another bumper year by joining our forward-looking webinar on Tuesday January 30: The Compliance Dilemma: Growth at What Cost? The session will dissect the trends and challenges set to shape the payments landscape in 2024. to save your seat.

Sound like the kind of topics you were searching in 2023? ‍

Subscribe to ������ϲʿ�����¼ and get access to our full articles — and much, much more. Get in touch to discuss a ������ϲʿ�����¼ subscription, so you can save time next year and stay ahead of fast-changing regulatory updates.