Latest news with #PSD2
Techday NZ
a day ago
- Business
- Techday NZ
Commvault & Kyndryl partner to boost cyber recovery services
Commvault and Kyndryl have announced a partnership to deliver incident recovery services for organisations aiming to enhance data security and meet regulatory requirements. The two companies will work in collaboration with Pure Storage to provide services intended to help organisations recover faster from cyber incidents, improve cyber resilience, and address complex regulatory demands. Kyndryl's cyber resiliency services portfolio includes Incident Recovery Services, Managed Backup Services, and Hybrid Platform Recovery. Through this new partnership, it will be supported by Commvault and Pure Storage to assist organisations in adhering to regulations such as the European Union's Digital Operational Resilience Act (DORA), NIS2 Directive, Payment Services Directive 2 (PSD2), New York Department of Financial Services (NYDFS) regulation NYCRR 500, and Australia's Prudential Regulation Authority (APRA) CPS 230 standard. Expanding cyber recovery services Under the collaboration, Commvault and Kyndryl plan to enhance support for enterprise customers facing persistent cyber threats and increasing data management complexity, particularly in multi-cloud environments. "Cyber preparedness is no longer regarded as optional for global organizations; it is mandatory," stated Allen Downs, Vice President of Security and Resiliency Services at Kyndryl. "Through this collaboration with Commvault and Pure Storage, we are further positioned to assist some of the world's most esteemed organizations in completely redefining their data protection strategies." The joint approach leverages Pure Storage technology alongside Commvault's cyber resilience and recovery solutions. This combined offering introduces a four-layer architecture designed to streamline compliance and speed up recovery for hybrid cloud customers. Technology and features The four-layered architecture includes the following components: Cyber Resilient Vault—an isolated, immutable data vault, based on zero-trust, to safeguard backup data from unauthorised access and tampering. Clean Recovery Zone—a controlled setting for forensic review and staged recovery using validated clean backups. Production Rapid Restore—capability for swift, reliable dataset restoration by using Pure Storage FlashBlade, with immutability features such as S3 Object Lock and SafeMode. Immutable Snapshot Recovery—enables quick, application-consistent restoration of key workloads through Commvault IntelliSnap and Pure Storage FlashArray. The services are developed to promote automated and ongoing cyber recovery testing. Support extends to Commvault Cleanroom Recovery within both public cloud and on-premises isolated environments overseen by Kyndryl. Organisations are enabled to validate their recovery processes to comply with DORA Chapter II (Risk Management), Chapter IV (Operational Resilience Testing), and related regulation. Meeting regulatory needs The collaboration is set against a backdrop of increasingly rigorous and complex regulatory landscapes. Organisations are now required to demonstrate not only the protection of their critical data, but also the capability to restore operations swiftly following a digital disruption. "Our partnership with Kyndryl is built to address the biggest challenges facing the enterprise today, such as the persistent threat of cyberattacks, including ransomware, and the increasing complexity of managing massive data growth across multi-cloud environments," said Alan Atkinson, Chief Partner Officer at Commvault. "When combined with the innovative Pure Storage platform, the three companies are together helping organizations stay resilient and prepared to act decisively in the face of disruption." As businesses face mounting pressures from both cyber threats and regulatory scrutiny, integrating compliance with resilience strategies is becoming increasingly necessary. "As regulatory frameworks like DORA set higher standards for operational resilience, organizations are implementing strategies that integrate regulatory compliance with the ability to recover swiftly from cyber disruption," said Maciej Kranz, General Manager, Enterprise at Pure Storage. "Together with Commvault and Kyndryl, we're delivering advanced security features and a scalable foundation of layered resilience that helps organizations meet these mandates and restore critical operations quickly and reliably." The services provided by the three companies are typically available across North America, Europe, and the Asia-Pacific region. Clients and partners will have opportunities to engage through existing partner programmes and access supporting resources aimed at enhancing cyber resilience and compliance capabilities. Follow us on: Share on:
Business Wire
5 days ago
- Business
- Business Wire
Winston & Strawn Bolsters London Office with Addition of Financial Regulation Partner Yulia Makarova
LONDON--(BUSINESS WIRE)--Winston & Strawn announced today that Yulia Makarova has joined the firm's London office as a partner in the Financial Innovation & Regulation practice. Yulia's arrival marks a significant enhancement to the firm's capabilities in counselling clients navigating complex financial regulatory matters across the UK, EU, and globally. Yulia brings extensive experience advising innovative businesses operating in the distributed ledger, blockchain, and digital assets sectors, with a particular focus on the domestic and cross-border application of financial services regulation. Yulia's practice spans regulatory licensing in the UK and EU, regulatory change for emerging technologies, and engagement with regulatory sandboxes. She regularly counsels clients on MiCA, MiFID II, PSD2/PSD3, and the Electronic Money Regulations, as well as advising on UK and EU regulatory perimeter and authorisation matters. 'We are in the midst of a transformative period in the regulation of digital assets across the UK and Europe,' said Yulia. 'Winston has established itself as a leading firm in this space, and I am excited to join a team known for delivering sophisticated, forward-looking solutions to clients operating at the forefront of financial innovation.' In addition to her work in digital assets, Yulia advises a broad spectrum of financial institutions on strategic regulatory matters, including FCA authorisations and variation of permissions, regulatory approvals in M&A transactions, venture capital and private equity investments, and fund-related regulatory matters. 'As we continue to grow the London office, Yulia's deep regulatory experience is a vital addition to our client offerings in Europe and abroad. Her arrival further reinforces our commitment to providing clients with seamless cross-border regulatory support,' said Nicholas Usher, London office managing partner. 'Yulia's cutting-edge experience will create substantial value for our global client base, who are increasingly looking for cross-border, global experience,' said International Managing Partner, Peter Crowther. Winston & Strawn LLP is an international law firm with 14 offices in North America, South America, and Europe. More information about the firm is available at
Yahoo
13-06-2025
- Business
- Yahoo
Investment Opportunities in the $2 Trillion Consumer Finance Industry 2025-2030 with Tariff-Adjusted Forecasts and Analytics
As global trade dynamics shift, the report provides updated insights on tariff impacts and economic trends. Featuring technology advancements and a detailed competitive landscape, this resource aids strategic business decisions. Consumer Finance Market Dublin, June 13, 2025 (GLOBE NEWSWIRE) -- The "Consumer Finance - Global Strategic Business Report" has been added to global market for Consumer Finance was valued at US$1.4 Trillion in 2024 and is projected to reach US$2 Trillion by 2030, growing at a CAGR of 6.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Consumer Finance market. Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as Aiful Corporation, Affirm Holdings, American Express, Ares Management, and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. The growth in the consumer finance market is driven by several factors centered around digital accessibility, behavioral shifts, and ecosystem expansion. A primary driver is the widespread adoption of smartphones and digital payments, which provide the foundation for mobile-based lending, credit access, and financial management. The emergence of embedded finance models across retail, e-commerce, and transportation apps is also expanding consumer access to tailored credit and financial tools at the point of shift toward cashless economies and real-time payment networks is creating infrastructure support for instant disbursement and repayment, encouraging the growth of short-term credit products like BNPL and microloans. Increased investor interest and venture funding in fintech startups are further accelerating innovation and global expansion of digital finance platforms. Lastly, regulatory initiatives such as e-KYC, PSD2, and financial inclusion mandates are supporting the integration of underserved segments into the formal financial system, creating new demand for accessible, flexible, and technology-enabled consumer finance products Insights: Market Growth: Understand the significant growth trajectory of the Secured Consumer Finance segment, which is expected to reach US$1.3 Trillion by 2030 with a CAGR of a 7.3%. The Unsecured Consumer Finance segment is also set to grow at 4.2% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $370.1 Billion in 2024, and China, forecasted to grow at an impressive 10.0% CAGR to reach $404.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Why You Should Buy This Report: Detailed Market Analysis: Access a thorough analysis of the Global Consumer Finance Market, covering all major geographic regions and market segments. Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies. Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Consumer Finance Market. Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions. Key Questions Answered: How is the Global Consumer Finance Market expected to evolve by 2030? What are the main drivers and restraints affecting the market? Which market segments will grow the most over the forecast period? How will market shares for different regions and segments change by 2030? Who are the leading players in the market, and what are their prospects? Some of the 42 companies featured in this Consumer Finance market report include: Aiful Corporation Affirm Holdings American Express Ares Management Bank of Baroda Bajaj Capital Capital One Financial Cetelem Citigroup Consors Finanz Discover Financial Services Equifax HDFC Bank Home Credit B.V. ICICI Bank Kotak Mahindra Bank L&T Finance Muthoot Finance Ping An Insurance Group SoFi Technologies This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include: Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs. Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015. Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends. Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape. Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players. Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities. Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage. Key Attributes Report Attribute Details No. of Pages 180 Forecast Period 2024-2030 Estimated Market Value (USD) in 2024 $1.4 Trillion Forecasted Market Value (USD) by 2030 $2 Trillion Compound Annual Growth Rate 6.2% Regions Covered Global MARKET OVERVIEW Influencer Market Insights World Market Trajectories Tariff Impact on Global Supply Chain Patterns Consumer Finance - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Accelerated Digitalization of Banking and Financial Services Throws the Spotlight on Tech-Enabled Consumer Finance Platforms Rising Smartphone Penetration and Internet Access Drives Adoption of Mobile-First Lending and Payment Solutions Expansion of Buy Now, Pay Later (BNPL) Models Spurs Consumer Engagement in E-Commerce and Retail Spending Growth in Financial Inclusion Initiatives Supports Credit Access for Unbanked and Underbanked Populations Integration of AI and Big Data Analytics Enhances Risk Scoring, Personalization, and Fraud Detection in Consumer Finance Technological Advancements in Biometric Verification and E-KYC Streamline Onboarding and Fraud Prevention Surge in Demand for Instant Loan Disbursals and Flexible Repayment Drives Development of Real-Time Underwriting Engines Growing Popularity of Robo-Advisors and Automated Savings Tools Broadens Scope of Digital Wealth Management Rise of Embedded Finance and API-Based Lending Expands Financial Access at the Point of Transaction Increasing Adoption of Digital Wallets and Contactless Payments Blurs the Lines Between Banking, Lending, and Commerce For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Consumer Finance Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Globe and Mail
05-06-2025
- Business
- Globe and Mail
Alona Shevtsova Unveils Enhanced 3D Secure Integration to Boost Sends' Transaction Security
London, United Kingdom--(Newsfile Corp. - June 5, 2025) - Sends, a fast-growing digital financial services provider, announced the deployment of enhanced 3D Secure (3DS) protection across its payment platform, further safeguarding customer transactions in an increasingly digital economy. sends To view an enhanced version of this graphic, please visit: The upgrade introduces support for 3DS2, the latest version of the 3D Secure protocol used for authenticating online credit and debit card payments. This next-generation security layer delivers a more seamless user experience, greater fraud prevention, and improved compliance with global regulatory standards, including the EU's Strong Customer Authentication (SCA) requirements under PSD2. "As digital payments continue to transform, so do the expectations around security," said Alona Shevtsova, CEO of Sends. "Our enhanced 3DS integration ensures that our users and partners can trust the integrity of every transaction-without adding unnecessary friction." Sends, as an acquirer, always uses 3DS for secure payment processing, fraud reduction, and compliance with PSD2 requirements. This consistent application of strong authentication practices is central to the company's strategy of delivering trusted, compliant payment experiences for businesses and consumers alike. The enhanced system utilizes contextual data-including device ID, location, and behavioral patterns-to assess transaction risk in real time. Low-risk payments can proceed without interruption, while high-risk transactions trigger additional verification steps such as one-time passcodes or biometric checks. The improved 3DS framework is fully operational across all Sends-supported payment flows and applies to both business and personal accounts. It also ensures stronger protection for cross-border payments, subscription services, and mobile-first transactions. This update is part of Sends' broader initiative to invest in advanced fraud detection, AI-driven risk prediction, regulatory readiness, and world-class customer trust infrastructure. For more information about Sends' security practices and platform updates, visit
Yahoo
05-06-2025
- Business
- Yahoo
Alona Shevtsova Unveils Enhanced 3D Secure Integration to Boost Sends' Transaction Security
London, United Kingdom--(Newsfile Corp. - June 5, 2025) - Sends, a fast-growing digital financial services provider, announced the deployment of enhanced 3D Secure (3DS) protection across its payment platform, further safeguarding customer transactions in an increasingly digital economy. sendsTo view an enhanced version of this graphic, please visit: The upgrade introduces support for 3DS2, the latest version of the 3D Secure protocol used for authenticating online credit and debit card payments. This next-generation security layer delivers a more seamless user experience, greater fraud prevention, and improved compliance with global regulatory standards, including the EU's Strong Customer Authentication (SCA) requirements under PSD2. "As digital payments continue to transform, so do the expectations around security," said Alona Shevtsova, CEO of Sends. "Our enhanced 3DS integration ensures that our users and partners can trust the integrity of every transaction-without adding unnecessary friction." Sends, as an acquirer, always uses 3DS for secure payment processing, fraud reduction, and compliance with PSD2 requirements. This consistent application of strong authentication practices is central to the company's strategy of delivering trusted, compliant payment experiences for businesses and consumers alike. The enhanced system utilizes contextual data-including device ID, location, and behavioral patterns-to assess transaction risk in real time. Low-risk payments can proceed without interruption, while high-risk transactions trigger additional verification steps such as one-time passcodes or biometric checks. The improved 3DS framework is fully operational across all Sends-supported payment flows and applies to both business and personal accounts. It also ensures stronger protection for cross-border payments, subscription services, and mobile-first transactions. This update is part of Sends' broader initiative to invest in advanced fraud detection, AI-driven risk prediction, regulatory readiness, and world-class customer trust infrastructure. For more information about Sends' security practices and platform updates, visit Contact InformationFor media inquiries or support, contact: support@ | contact@ is a trade name of SMARTFLOW PAYMENTS LIMITED, registered in England and Wales (Company No.11070048). Address: Office 39.18, Level39, One Canada Square, London, England, E14 5AB Marketing Department contacts: pr@ Contact: Anastasiia Pervushyna To view the source version of this press release, please visit
