Fintech firms that aggregate customers’ account data are complaining that banks’ preparations for new EU-level security rules are “damaging” their businesses.
Swedbank has acknowledged failings in its responsibility to prevent financial crime in a letter to regulators in Sweden and Estonia, promising improvements before an internal review of the...
European authorities have said account information service providers (AISPs) do not need to provide services directly to the end user to qualify for authorisation, underlining the divergence...
European retailers, acquirers and issuers are braced for chaos. This Saturday, highly controversial payment security rules go live across the EU, and although almost all member states have agreed...
Austria regulators have announced they will delay enforcement of impending account access reforms and allow screen scraping to continue, in a last-minute reprieve for third-party providers.
Fintech, cryptocurrencies and protection against US sanctions were placed at the heart of the financial services agenda of new European Commission chief Ursula von der Leyen yesterday as she...
Hungary’s central bank has announced it will allow a 12-month transition period before enforcing new strong customer authentication rules for online card payments, due to take legal effect at the...
A coalition of payments industry giants, retail groups and card schemes has written to the European Banking Authority (EBA) urging it to make a decision on how long member states can delay...
The 4th Anti-Money Laundering Directive (Directive (EU) 2015/849), also known as the 4th AMLD, has brought in a set of obligations for the European Commission, European supervisory authorities ...
Authorities in Luxembourg, Spain and Portugal have confirmed they plan to delay enforcement of incoming strong customer authentication (SCA) reforms, meaning more than half of EU member states have...
Belgium will allow payment providers extra time to comply with incoming EU rules on strong customer authentication (SCA) for online card payments, as more regulators look to the European banking...
Greece’s central bank has joined the ranks of national regulators granting payment services providers respite from enforcing incoming EU rules on strong customer authentication (SCA) for online...
The European Banking Authority (EBA) has further narrowed the lane for fintechs when it comes to access to customer accounts, rejecting industry proposals for a workaround when third parties are...
Malta’s central bank has confirmed that payment service providers in the online gambling hub will be allowed to delay compliance with EU rules on strong customer authentication (SCA) of online...
On August 14, 2019, the European Banking Authority (EBA) published responses to the fifth set of issues (XXI to XXVI) raised by participants of the working group on application programming...
Industry groups say the decision by UK regulators to delay enforcement of strong authentication reforms will help steer firms away from a “cliff edge” next month, despite the decision not to give...

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