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...
On August 20, 2019, the Financial Conduct Authority (FCA) published a "Dear CEO Letter" on requirements for strong customer authentication (SCA) in card-not-present e-commerce transactions. ...
Authorities in South Africa expect to set out plans in the coming weeks to bring cryptocurrencies into the regulated financial services sector, with the country’s online gambling industry hoping to...
On August 17, 2019, Bank Indonesia launched a Quick Response (QR) Code standard for payments through server-based e-money applications, electronic wallets and mobile banking known as QR Code...
Australia’s central bank has again told off banks and acquirers for failing to comprehensively roll out least-cost transaction routing for contactless debit transactions, as industry groups claim...
German banks have expressed their shock at a letter from the country’s financial regulator saying it was unlikely their application programming interfaces (APIs) would be approved by September’s...
On August 14, 2019, the UK government updated its guidance in regard to information for financial institutions in the event of the UK withdrawing from the EU without a deal in place. The guidance...
The European Banking Authority (EBA) has further narrowed the lane for fintechs when it comes to access to customer accounts, rejecting industry proposals for a workaround when third parties are...

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