EU officials have suggested the traditional structure of drafting regulation — by constructing a detailed level one text — may not be flexible enough to keep pace with innovations in financial...
As EU member states scramble to meet January’s transposition deadline for major payments reforms, experts at PwC believe many will allow firms a “grace period” for becoming compliant.
Influential financial institutions have been accused of pressuring the UK’s cash machine network operator to change its fee structure in a bid to push consumers away from using cash.
As prospective fintechs gear up to take advantage of the revised Payment Services Directive (PSD2), Italian industry leaders have bemoaned a national regulatory situation that they fear will leave...
Overlapping provisions in incoming EU data protection rules and the revised Payment Services Directive (PSD2) are manageable for the financial sector, experts believe, despite complications around...
A European Parliament committee has called for tough enforcement of incoming transparency rules on currency conversion and for changes to existing legislation on cross-border payment fees.
On October 30, 2017, the Monetary of Authority of Singapore (MAS) outlined its plan to transform Singapore into a leading global financial centre in Asia through its industry transformation map ...
Payment providers in Lithuania will be able to bypass banks and settle transactions in real time from next month, the country’s top regulator tells PaymentsCompliance in an exclusive interview.
The Netherlands has finally submitted a bill to parliament that would implement the revised Payment Services Directive (PSD2), but experts are braced for further conflict with the country’s data...
Research by Microsoft has found that uncertainty over incoming EU regulatory reforms is holding back banks’ development of technological interfaces for third-party account access.
The European Commission has finalised revisions to regulatory technical standards on strong authentication and third-party account access, PaymentsCompliance can reveal.
The Consumer Financial Protection Bureau is prepared to issue legally binding rules on third-party access to accounts if the watchdog is not satisfied with the market’s attempt at self-regulation.
On October 27, 2017, the Australian Securities & Investments Commission (ASIC) published an announcement on its new agreement with the Swiss Financial Markets Authority (FINMA), as the two...
On October 25, 2017, the Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) decided to enter into a cooperation agreement with the aim of bolstering fintech...
On October 20, 2017, Mastercard announced its decision to open up access to its blockchain technology via its application programming interface (API) to its partner banks and merchants. In this way...
European financial institutions are seeing “premium” application programming interfaces (APIs) as a way to profit from open banking, and see a predicted spike in fraud attempts as a perfect...

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