The EU’s top payments regulator has expressed concerns that national authorities place different conditions on firms seeking authorisation, and may issue new guidelines to avoid regulatory...
The UK’s Financial Conduct Authority (FCA) has admitted its register of regulated firms contains “data quality issues” and will invest £5m in improvements, after outrage that legitimate businesses...
The body responsible for open banking in the UK has responded to fintech complaints that the current system lacks vital functionality, suggesting instead they should be seen as “premium” services...
Plans for a phased introduction of strong authentication are taking shape in the UK, with influential industry groups expected to ask regulators for a delay in enforcement of at least 18 months...
Mastercard has joined retail groups across Europe in calling for a harmonised approach to the introduction of strong authentication, as authorities piece together strategies for phasing in the new...
A coalition of European authorities has urged lawmakers to look at harmonising EU supervision across the financial services sector, warning that existing fragmentation can result in regulatory...
The French central bank has confirmed it will grant payment providers more time to comply with incoming strong authentication rules, recognising widespread concerns about the technological work...
Dutch banks are seeking urgent talks with the country’s Data Protection Authority (AP) after it unexpectedly instructed them not to use customers’ payment data for direct marketing purposes.
Following a survey of thousands of European financial institutions, open banking platform Tink has said not a single one has developed an application programming interface (API) good enough to...
Denmark’s regulator has acknowledged concerns from the European Banking Authority about industry readiness for forthcoming strong authentication reforms, tentatively opening its doors to firms...
A surprise statement from the Polish regulator has left banks and payment firms facing difficult decisions around whether or not to provide a “fallback” interface for third-party account access.
The European Banking Authority has provided welcome clarity on how to interpret incoming strong authentication rules, but still faces questions over how some aspects will work in practice —...
The head of the UK parliament’s influential Treasury Select Committee has called for a mandatory code of conduct for open banking participants, in a harbinger of further political scrutiny of data...
The UK’s Financial Conduct Authority (FCA) has become the first national regulator to formally acknowledge EU plans for extending the implementation period for new strong authentication rules,...
Payments firms have called on European-level authorities to learn lessons from the struggles around national-level open banking initiatives as they look to expand the regime into a pan-European...
UK regulators are upping pressure on regulated payments businesses that incorporate unregulated crypto-assets into their product offering — but industry groups believe that distinction is not yet...
European regulators have handed a major lifeline to card firms and retailers by giving them more time to comply with incoming security reforms, but experts say more work will be needed at national...
The European Banking Authority has agreed to give payment providers more time to prepare for September’s controversial strong authentication reforms, after pleas for flexibility from across the...
Efforts to open up the euro’s payment and settlement scheme to wider access via application programming interfaces (APIs) has been put on hold, after fintechs insist on getting the first phase of...
Fintechs across Europe have joined calls for a delay to September’s strong authentication reforms, urging authorities to show leniency to firms providing third-party payment services, as well as...

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