On June 13, 2018, the Payments System Regulator (PSR), in its capacity as the regulatory body that promotes competition and innovations and ensures that the payment system operates effectively and...
Fintech, cryptocurrencies and protection against US sanctions were placed at the heart of the financial services agenda of new European Commission chief Ursula von der Leyen yesterday as she...
Cash machine operators in the UK have argued that ATM interchange fees should be set through an independent cost study, after regulators launched discussions of whether the funding model should be...
On June 6, 2019, the Payment Systems Regulator (PSR) released a consultation paper titled “Considering the incentives to deploy free-to-use ATMs in the LINK network — Review of the structure of...
A legal quirk in the UK’s open banking legislation is creating problems for account information service providers (AISPs), which are being forced to find licensing workarounds despite years...
On September 2, 2019, the Ministry of Finance published a report by the steering committee on fintech-related issues. ...
The UK’s Financial Conduct Authority (FCA) has formally announced it will hand a lifeline to third-party providers by delaying enforcement of account access rules for six months beyond September’s...
Banks in Brazil are wary of attempts by regulators to speed up the introduction of open banking, citing concerns over liability if third parties place customer data at risk.
South Africa is looking to South-East Asia as inspiration for the next phase of its payments development, drawing lessons from hands-on intervention by the region’s national authorities.
The Brazilian Securities Commission (CVM) has opened a public consultation to regulate the experimental regulatory environment known as a “sandbox”.
Singapore’s financial regulator has fired the starting gun on a race to obtain one of a handful of new digital-only banking licences in the Asian financial hub.
Scottish officials are calling on the UK’s Payment Systems Regulator to block further cuts to interchange fees on cash withdrawals, but the authority says it is already taking the necessary action.
On August 23, 2019, the State Bank of Vietnam (SBV), the Australian Department of Foreign Affairs and Trade (DFAT) and the Asian Development Bank (ADB) signed a memorandum of understanding (MoU) on...
Swedish fintech Tink has written to regulators across Europe pleading for flexibility around next month’s open banking reforms, claiming its latest survey of banks shows there is not a single...
On August 19, 2019, the National Bank of Greece published a form that credit institutions, payment institutions and e-money institutions wishing to be granted an exemption from the fallback...
Payments consultancy CMSPI has said the potential cost savings from European interchange fee reforms are being undermined, due in part to scheme fee hikes and acquirers failing to pass on savings...

Pages