The European Banking Authority (EBA) has issued a word of caution over the use of artificial intelligence (AI) and machine learning by financial institutions, as the authority seeks to better...
A new payments law in Spain has brought a much-anticipated regulatory sandbox closer to realisation, suggesting that the country may at last match its long history of talk on innovation with...
New guidelines apply from January 10, 2020 for the cooperation and exchange of information between EU member states’ competent authorities for credit and financial institutions. This analysis...
The Electronic Money Association (EMA) has emphasised the need for third parties in the UK to be able to develop new features as soon as possible to help widespread public adoption of open banking.
Senior European figures are downplaying the possibilities of a comprehensive post-Brexit agreement on financial services as the January 31 exit date approaches.
UK regulators have launched an inquiry into the role of data in supervision and reporting, calling for views on the potential use of new technologies for monitoring firms.
UK Finance has criticised the burden on firms caused by a disjointed supervisory landscape in the UK, calling for better coordination between authorities and a more sophisticated understanding of...
After a 2019 in which payment firms found themselves running to keep up with new regulations and the efforts of authorities to fill the gaps in existing laws, many — including regulators — are...
The Ministry of Economy and Business has published Royal Decree 736/2019, of December 20, on the legal regime of payment services and payment entities, which modifies Royal Decree 778/2012, of May...
Contention over the finer points of new payments regulation continued to rage in Europe, with industry and regulators clashing over issues with new strong authentication requirements and the...
It was another year of breakneck innovation across Asia-Pacific, the Middle East and Africa, as countries rolled out virtual banking licences, digital payment strategies and mobile money efforts....
Still behind Europe when it comes to the regulatory implementation of new measures such as open banking, the Americas nonetheless continued to make strides in the development of new payment systems...
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.
A top U.S. Federal Reserve official warned this week that Facebook's planned Libra cryptocurrency could present "a number of risks" to consumers and the financial system — adding to the chorus of...
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...

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