The European Banking Authority (EBA) has called for new legislation after finding fintechs passporting across member states are held back by fragmented regulatory oversight, including rules on...
Australian payment services provider iSignthis has revealed that a quarter of its revenue in the first half of last year came from contracts-for-difference (CFD) brokers, which a regulator said...
As the UK financial services sector prepares for life outside the European Union, concerns are being raised about the potential barriers to data flows between the two jurisdictions.
The UK government has confirmed it has “no plans” to retain EU reforms on cross-border payments and currency conversion after Brexit, although most of the new rules will take effect while the...
An influential UK parliamentary committee has sounded the alarm over a lack of regulatory consequences for financial firms after “unacceptable” IT outages, as it called for managers of payment...
The Bank of Lithuania has fined electronic money institution Mistertango €245,000 over repeated failures in its anti-money laundering (AML) and counter-terrorist financing (CTF) controls.
The organisation that manages Norway’s financial infrastructure has admitted it miscalculated last year’s figures on payment card fraud, and that the true numbers are far higher than initially...
EU-issued electronic certificates relied upon by third-party providers will still be valid in the UK after Brexit, the Financial Conduct Authority has confirmed.
A U.S. government official has played down the risk of Pakistan’s remittance sector being shut off from the international financial system, as the South Asian country vows to complete reforms...
Impending moves by Brussels to cobble together new regulations on cryptocurrencies should focus on clarifying how existing laws apply to the sector rather than creating a new directive, experts...
Facebook chief Mark Zuckerberg told the U.S. Congress on Wednesday that the company would abandon Libra, its planned cryptocurrency-based payments system, if its partners choose to launch the...
The Dutch competition regulator is set to probe the impact of US and Chinese big technology firms on the country’s payments market, hinting at concerns their entry into the Netherlands could...
UK officials have revealed that fraudsters are cracking card issuers’ two-factor authentication checks by intercepting SMS messages to impersonate account holders.
A judge has ruled that the U.S. Office of the Comptroller of the Currency may not accept applications for its “fintech bank charter”, siding with traditional financial institutions in a blow to the...
Shares in Australia’s buy now, pay later juggernauts have tumbled after the Reserve Bank of Australia said it was gearing up to probe the sector and its refusal to allow retailers to pass on...
Casinos, one of the last redoubts of cash-centric retail in the United States, are turning the corner to new payment methods as compliance pressure and customer expectation builds.

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