On April 1, 2019, the European Banking Authority (EBA) published clarifications to the second set of issues raised and discussed by participants of its working group on application programming...
The UK’s Financial Conduct Authority (FCA) has released the final versions of its guidance in case of a no-deal Brexit, on the same day legislators shot down Prime Minister Theresa May’s third...
European banks providing application programming interfaces (APIs) must make testing facilities available to third-party providers even if they have not yet received authorisation, regulators have...
On March 28, 2019, the Finnish Financial Supervisory Authority (FIN-FSA) announced the commencement of the time framework within which account servicing payment service providers (ASPSPs) will be...
An independent survey of European banks has suggested that a significant number will miss the chance to gain the fallback exemption from its first availability in September, as many have failed to...
The Australian payments industry is on the cusp of rolling out a self-regulatory framework to “solve” spiralling card-not-present fraud by establishing a risk-based approach to strong customer...
The Open Banking Implementation Entity (OBIE) has released an update to version 3.1 of the Open Banking Standard published in November 2018. The update provides clarifications to the previous...
The UK’s financial regulator issued a call on Thursday for banks and third-party providers to work together to ensure a “smooth” transition in September, when the regulatory technical standards of...
Banks could be in trouble again with the UK’s competition regulator, after the Open Banking Implementation Entity passed on a file of information on banks that have failed to adhere to the...
On March 11, 2019, the European Banking Authority (EBA) published clarifications to the first set of issues that had been raised and discussed by participants of its working group on application...
Payments bodies in New Zealand and Australia are examining ways to adopt common standards in open banking regimes shaping both jurisdictions, as ambition for closer international cooperation ...
Industry experts have welcomed the recent announcement by EU authorities that recurring card payments will not be subject to onerous security requirements, drawing a line under an issue which...
European authorities have confirmed that recurring card payments can be initiated by the payee, exempting those payments from strong customer authentication (SCA) and providing long hoped-for...
The market and consumers should be left to decide which payment channels they choose to use, Europe’s representative body for payment institutions has said following hints of regulatory action by...
On February 25, 2019, the Swedish Financial Supervisory Authority (Finansinspektionen – FSA) notified the European Banking Authority (EBA) that it intends to fully comply with, and apply within the...
European Commission vice president Valdis Dombrovskis has threatened further regulatory intervention if banks’ strategies for the revised Payment Services Directive (PSD2) cause “a decline in the...

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