A French central bank working group has said banks that impose a “redirect”-based authentication model on third-party providers are not acting in breach of EU-level regulatory technical standards.
Spain’s delayed transposition of the revised Payment Services Directive (PSD2) has meant that fintechs in the country are still relying on screen scraping for account access — a situation that...
European acquirers and merchants remain unclear on how they will grapple with incoming rules on strong authentication, despite efforts from authorities to clarify lingering uncertainties.
Denmark has still to feel the full impact of EU-level payments reforms, experts believe, after the country’s top financial regulator confirmed it has not yet granted a single licence to a third...
On July 10, 2018, the European Banking Authority (EBA) published the final report on the regulatory technical standards (RTS) on the information to be notified when exercising the right of...
The EU’s independent privacy watchdog has offered its interpretation of the interrelating issues between the revised Payment Services Directive (PSD2) and data protection requirements, amid...
Nine of the UK’s largest banks have received harsh criticism from the fintech community over their efforts to build application programming interfaces (APIs), but how do the businesses who must...
The largest bank in Slovakia may opt out of the Slovak Banking API Standard and adopt the more predominant Berlin Group alternative, as debate around authentication models under the EU’s third...
Legal experts believe online marketplaces such as Amazon could be made exempt from strong authentication rules, even for transactions involving third-party sellers — but warn that precedent could...
French lawmakers have again rejected proposals to expand the scope of third-party access rules under the revised Payment Services Directive (PSD2) to savings, investment and other financial...
An influential industry group has said there is still “substantial work required” to standardise UK banks’ application programming interfaces (APIs), in a frank review of open banking’s successes...
New EU-level guidance on incoming security technical standards has come under fire from two major payment initiation service providers, which argue consumers will be left with “less than they had...
UK regulators have set out how EU financial services regulations will be “onshored” after Brexit, outlining how the domestic legal regime would continue to function if a planned transition period...
The UK’s Financial Conduct Authority (FCA) has announced it intends to adopt guidelines on third-party account access set out this month by the EU’s top banking and payments regulator.
EU officials have downplayed fears that card issuers could be caught in a clash between the incoming ePrivacy regulations and rules on strong authentication for online payments.
The European Commission will require payment service providers (PSPs) to distribute information on open banking reforms to their customers, in a drive to raise awareness and adoption of the new...

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