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 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.
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...
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.
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.
Influential banking groups have urged Europe’s top financial regulator to withdraw draft rules that would force them to publish data on the performance of all online and mobile banking platforms.
Lawmakers in the Netherlands have touted the idea of a consent dashboard to be implemented by banks to help consumers manage access permissions given to third-party providers.
Fresh from its scathing criticism of the banking sector, the European Central Bank (ECB) has left its post as an observer within a Brussels-based working group tackling issues around third-party...
On September 4, 2018 the European Payments Council published the terms of reference for the Application Programming Interface (API) Evaluation Group, which have been approved by its members. The...
Banks in Europe have defended their approach to innovation after a European Central Bank (ECB) policymaker blamed the dominance of US and Chinese payments giants in the region on the defensive...
The impact of the revised Payment Services Directive (PSD2) is beginning to take hold in Germany after the local regulator issued its first third-party licence, with around 20 more applications...
An influential banking stakeholder group has backed the European Banking Authority’s authority not to declare “redirection” an obstacle to third parties, but admitted its members are divided on how...
The EU has finally introduced new anti-money laundering rules for payment firms operating through networks of agents or distributors, more than a year after a final draft text was submitted to the...
On June 13, 2018, the European Banking Authority (EBA) launched a consultation on Guidelines on the conditions to be met to benefit from an exemption from contingency measures under Article 33(6)...
EU authorities have reiterated to banks that authentication methods offered to their customers must also be available when that customer is using a third-party provider.
On October 27, 2017, the European Banking Authority (EBA) launched a consultation on draft regulatory technical standards (RTS) specifying the framework for cooperation between competent...

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