Federal initiatives on regulating fintech in the United States are continuing to progress slowly, with no firms yet signed up to a country-wide licensing programme and discussions still ongoing on...
On December 14, 2018, EMVCo, in line with its vision to facilitate worldwide interoperability and acceptance of secure payment transactions, released an updated version of the EMV® 3-D Secure (3DS)...
On June 23, 2019, the Bank for International Settlements (BIS) released a report discussing the emerging opportunities and associated risks that big tech activity in the financial sector presents....
Regulators in Europe have staked out claims to supervise Facebook’s nascent global payments system, as the world’s club of central banks caution over the shadow technology giants are casting over...
On June 20, 2019, the Standing Committee on Public Safety and National Security in the House of Commons released a report on cybersecurity in the financial sector as a national security issue. ...
The Bank of England has announced plans to let non-bank payment firms hold reserves at the central bank, as well as enabling access to the country’s new real-time fund transfer infrastructure via...
Canadian officials are calling for an open banking infrastructure that will enable consumers to share their financial data securely with third parties, urging that such a system is up and running...
On June 20, 2019, the Standing Senate Committee on Banking, Trade and Commerce published its final report entitled “Open Banking: What it Means for You”. In 2018, the committee was authorised by...
Efforts to open up the euro’s payment and settlement scheme to wider access via application programming interfaces (APIs) has been put on hold, after fintechs insist on getting the first phase of...
On March 27, 2019, the Malta Financial Services Authority (MFSA) launched, in cooperation with the Financial Intelligence Analysis Unit (FIAU), a public consultation regarding guidance for credit...
On June 19, 2019, the Reserve Bank of New Zealand issued a consultation paper on the future of cash in the country, which assesses the significance of cash in society and its trends as the demand...
Facebook has finally pulled back the curtain on the worst-kept secret in Silicon Valley: a global peer-to-peer and retail payment system that seeks to plant the use of cryptocurrencies firmly in...
Fintechs across Europe have joined calls for a delay to September’s strong authentication reforms, urging authorities to show leniency to firms providing third-party payment services, as well as...
On June 14, 2019, the Australian Treasury released a consultation paper on the second version of a draft designation instrument for the application of the Consumer Data Right to the banking sector....
Australia’s payments regulator has proposed an overhaul of the country’s real-time payments system, including direct access for non-banks, after it was attacked by payment service providers and...
On June 12, 2019, UK Finance issued the UK Payments Market Summary 2019 report and announced that the banking and finance industry will commit to helping local communities ensure appropriate free...

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