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The question of how banks will be able to distinguish valid third-party providers from those lacking the correct permissions under new European payments rules is approaching resolution through the...
An anticipated surge in licensing requests from payment firms has yet to materialise in Ireland, despite the introduction of the revised Payment Services Directive (PSD2) and looming shadow of Brexit.
The European Banking Authority (EBA) has published long-awaited final guidelines on fraud reporting by payment firms, unveiling numerous changes in response to industry concerns.
Campaigners have called on UK and EU regulators to address “market failures” across the payments sector, claiming that ineffective intervention has left card acceptance costs high and Visa and...
Banks will be responsible for assessing the validity of third-party service providers (TSPs) under Hong Kong’s incoming open banking regime, as the country’s regulator opts for bilateral agreements...
On July 16, 2018, the Qatar Central Bank (QCB), the Qatar Financial Markets Authority (QFMA) and the Qatar Financial Centre Regulatory Authority (QFCRA) issued comprehensive guidance in relation to...
On July 18, 2018, the Hong Kong Monetary Authority (HKMA) published the Open API Framework for the Hong Kong Banking Sector, which consists of a directional guide for the local banking industry to...
The European Commission has indicated that amendments will likely be made to existing anti-money laundering (AML) laws so that third-party providers accessing account data are kept out of scope.
The chief of Australia’s consumer watchdog has stressed that open banking will not create a wild west for data access, amid growing public concern over misuse of personal information by businesses.
The influential Berlin Group has announced plans to develop a “testing framework” for banks that hope to ensure their application programming interfaces (API) will gain the approval of regulators.
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.
Mobile payments, control over data and platform-based business models are likely to be areas of concern for competition regulators monitoring the fintech sector, according to a study commissioned...
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...
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...
As a result of continual technological innovation in the Colombian payments system in recent years, the government has sought to promote an efficient market for electronic payments in the country...
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...

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