Two influential retail groups have written to the European Commission to appeal for a “workable compromise” on third-party account access, as the rift between banks and fintechs shows little sign...
European regulators still have work to do to help businesses navigate conflicting requirements between this year’s payments overhaul and shifts in anti-money laundering and data protection reforms,...
The UK's Financial Conduct Authority is lacking data on whether it needs to do more to help payment providers still struggling to obtain or maintain access to a bank account, a senior official has...
European parliamentarian Ashley Fox has accused legislators of drafting rules on strong authentication that — less than a year ahead of their introduction — are already lagging behind the payments...
UK regulators have downplayed the impact of de-risking on money services businesses (MSBs), pointing out there has been little decrease in the number of such firms despite ongoing concerns about...
The European Parliament rapporteur for a proposed law on crowdfunding has called for a committee vote to settle contentions over the inclusion of initial coin offerings (ICOs) in the legislation.
UK financial institutions have been instructed to support an additional authentication model for open banking, based on redirecting the end user between two different mobile apps.
The EU’s top court has dealt a blow to fintechs by ruling that certain types of savings accounts are not considered “payment accounts” and so are not captured by third-party access rules.
An official from the European Central Bank (ECB) has urged Europe to accelerate its progress towards a pan-continental instant payments programme, but experts have urged caution amid fears...
Irish data protection authorities have seen a “significant” increase in both complaints and breach notifications since EU-wide reforms took effect in May, PaymentsCompliance can reveal.
European banks have admitted they are unsure about how third-party access to non-payment accounts will be managed under incoming security rules, with fintechs insisting credential sharing is here...
European consumer advocates have weighed in on the open banking authorisation debate, giving their two cents’ worth on contentious issues around customer consent and authentication.
UK fintechs have raised concerns that limited data coverage, poor authentication flows and a lack of standardisation mean relying on the country’s open banking interface currently presents too...
A European Central Bank (ECB) official has suggested that non-bank payment providers may be granted direct access to EU-level fund transfer infrastructure, after “positive experiences” in a handful...
The UK’s Financial Conduct Authority’s (FCA) controversial stance on online marketplaces appears to be shifting, after the regulator proposed new guidance that could bring numerous platform...
European law enforcement authorities have warned that EU reforms obliging banks to open up customer data to third-party providers may create new opportunities for crime in the financial sector.
The UK’s Financial Conduct Authority (FCA) has warned banks, credit card providers and e-money institutions against waiting too long to seek approval for their dedicated third-party access interface.
The UK body responsible for overseeing account switching has warned that third-party provider consent could prove to be a hurdle for consumers looking to change bank accounts in the future.
A host of payment providers and industry groups have urged the European Banking Authority to rethink its stance on the “redirect” authentication model for users of third-party providers.
The EU’s equivalence regime for financial regulation has moved closer to an overhaul, after the European Parliament called for greater transparency and more structured involvement from other...

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