UK Finance has criticised the burden on firms caused by a disjointed supervisory landscape in the UK, calling for better coordination between authorities and a more sophisticated understanding of...
Nigeria has laid out its information security expectations for payment services operating in the country as it continues to seek to drive adoption of electronic payment methods.
The UK’s Payment Systems Regulator (PSR) has published the final version of its questionnaire on acquiring services, despite lingering concerns from some in the industry.
With U.S. regulators and lawmakers angling for enhanced disclosure requirements around beneficial ownership, officials are seeking banking sector input on the burden of complying with existing...
The EU is consulting on the definitions and uses of virtual currencies as it looks to further standardise regulatory approaches across the bloc.
Luxembourg has flagged the money laundering and terrorist financing risks posed by private banks in the country, listing some ongoing shortcomings in the risk mitigation measures carried out by...
After a 2019 in which payment firms found themselves running to keep up with new regulations and the efforts of authorities to fill the gaps in existing laws, many — including regulators — are...
Contention over the finer points of new payments regulation continued to rage in Europe, with industry and regulators clashing over issues with new strong authentication requirements and the...
It was another year of breakneck innovation across Asia-Pacific, the Middle East and Africa, as countries rolled out virtual banking licences, digital payment strategies and mobile money efforts....
Still behind Europe when it comes to the regulatory implementation of new measures such as open banking, the Americas nonetheless continued to make strides in the development of new payment systems...
A trade body representing non-bank payment firms has written to the Central Bank of Malta urging action over what it sees as “discriminatory” practices by traditional financial institutions in...
The vision of a request to pay infrastructure across Europe has taken another step towards completion with the publication of technical specifications by EBA Clearing.
A top U.S. Federal Reserve official warned this week that Facebook's planned Libra cryptocurrency could present "a number of risks" to consumers and the financial system — adding to the chorus of...
The UK’s financial regulator has released its vision of an open finance regime, in which the role of third-party providers would be retained from open banking and regulatory interventions be...
A law passed on Tuesday by the European Parliament will see payment firms in member states subject to a bevy of new requirements as they are recruited into the fight against e-commerce VAT fraud.
A new report to the European Commission has laid out a number of steps to be taken to further level the playing field for fintechs in the EU.

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