A trade body representing non-bank payment firms has written to the Central Bank of Malta urging action over what it sees as “discriminatory” practices by traditional financial institutions in...
The vision of a request to pay infrastructure across Europe has taken another step towards completion with the publication of technical specifications by EBA Clearing.
The UK’s financial regulator has released its vision of an open finance regime, in which the role of third-party providers would be retained from open banking and regulatory interventions be...
The UK Financial Intelligence Unit (UKFIU) has published its 2019 annual report on suspicious activity reports (SARs), as well as the third edition of its "SARs In Action" publication addressed to...
A new report to the European Commission has laid out a number of steps to be taken to further level the playing field for fintechs in the EU.
Turkey has been told to urgently address “serious shortcomings” in its anti-money laundering (AML) and counter-terrorist financing (CTF) framework.
Authorised payment service providers established in three or more EU member states will be subject to supervision by a club of regulators from each jurisdiction, under new guidelines that come into...
Sweden’s central bank has launched a project to begin testing a central bank digital currency (CBDC), as it presses ahead with exploration of an e-krona.
Tighter EU controls on card security are already pushing fraud into other areas, with scammers targeting mobile authentication apps and “global wallet” payment instruments, new research has shown.
The Bank of Lithuania has launched a pilot to test automatic regulatory reporting by firms to replace “time-consuming” and costly manual filing.  
A consortium of U.S. retail associations and debit networks have accused Visa and Mastercard of using EMVCo standards as a vehicle for restricting competition and protecting revenue despite...
The Financial Conduct Authority has said payment service providers must act quickly to push merchants into compliance with EU rules on strong customer authentication (SCA) for online card payments.
Canadian officials have issued a warning to financial institutions to be on the lookout for attempts to launder money using bank drafts at casinos, a vector growing in popularity after law...
A senior official at Malaysia’s central bank believes e-wallet operators may be ready to give traditional institutions “a run for their money” and establish a foothold in the country’s bank...
U.S. federal regulators have said banks and credit unions are expected to be the main beneficiaries of proposals to relax several aspects of the country’s so-called Remittance Rule.
Unclear expectations and inconsistent supervision by U.S. regulators has had a chilling effect on banks' willingness and ability to serve money transmitter clients, a new report from a federal...

Pages