Lithuania is hoping improvements to safeguarding options for e-money and payment institutions will boost customer confidence in the sector and make them more competitive against banks.
UK regulators' willingness to accept a phased enforcement regime for forthcoming strong customer authentication (SCA) rules has been met with opposition from Brussels’ leading consumer protection...
A lack of industry readiness means incoming strong authentication reforms are now expected to cost businesses across the EU a total of €57bn, new research has claimed.
The UK’s Financial Conduct Authority (FCA) has taken the first steps towards delaying controversial strong authentication reforms beyond September’s deadline, PaymentsCompliance can reveal.
The EU will not extend September’s deadline for online payment security reforms but has not yet ruled out a compromise and is working on providing additional clarity to the industry, an influential...
Estonia’s financial regulator has revoked the operating licence held by payment institution GFC Good Finance Company, following a string of breaches of financial crime and payment services laws.
Germany’s top payment services regulator has revealed a recent crackdown on businesses transferring funds for online trading platforms without authorisation.
Third-party providers face an uphill struggle for adoption in Poland, researchers have suggested, with incumbents more concerned about the threat posed by technology giants and rival banks than by...
On October 10, 2018, the Financial Conduct Authority (FCA) published a consultation paper on the temporary permissions regime (TPR) for inbound firms and funds. The consultation sets out how the...
Authorities in Europe appear to be inching closer to a compromise on incoming strong authentication rules, following sustained warnings the reforms cannot be met in time for September’s deadline.
Industry groups are pressing regulators on whether incoming strong customer authentication rules can be delayed, arguing the drip-feed of guidance has created a “bottleneck” and left firms unable...
On May 9, 2019, the Financial Supervisory Authority (Finanstilsynet) published a risk and vulnerability analysis report on the financial sector's use of information and communications technology ...
Lithuania’s regulator will consult further on going beyond the scope of the revised Payment Services Directive (PSD2) to provide broader access to data, after strong support from the industry.
On November 27, 2018, the Bank of Lithuania launched a public consultation seeking feedback in regard to the need and conditions for open banking in the country, following regulatory changes made...
Rumours are swirling that European authorities may be persuaded to extend September’s deadline for demanding and controversial new security rules. However, firms hopeful the reforms will be phased...
UK industry insiders have defended the slow uptake of new open banking offerings, saying that the underlying regulatory reforms are still bedding in and insisting the issue cannot be properly...

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