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...
On August 14, 2019, the European Banking Authority (EBA) published responses to the fifth set of issues (XXI to XXVI) raised by participants of the working group on application programming...
On August 13, 2019, the Reserve Bank of India (RBI) published the final enabling framework for the regulatory sandbox. The main objective of the regulatory sandbox is to enable market participants...
The UK’s Financial Conduct Authority (FCA) has decided to give banks and third-party providers an additional six months to meet incoming requirements on account access, after concerns that a lack...
The new faster payment system announced by the U.S. Federal Reserve has largely garnered praise, despite calls for details on how it will sit alongside existing offerings.
On August 7, 2019, the Finnish Ministry of Justice published a consultation seeking responses on the experiences and challenges faced while applying the General Data Protection Regulation (GDPR) in...
Major banks and payment providers are in talks with the Dutch central bank over delaying enforcement of incoming strong customer authentication (SCA) rules, taking inspiration from existing...
On May 21, 2019, the Ministry of Finance issued a public consultation on amendments to the Payment Systems Act in light of the adoption of Regulation (EU) 2019/518 on cross-border payments (the...
On August 7, 2019, the Monetary Authority of Singapore (MAS) launched Sandbox Express, which provides a faster option for firms to test innovative financial products and services in the market. ...
The UK competition regulator has issued a rare order to payments provider Bottomline to unwind part of its acquisition of a competitor’s payment gateway.
On June 11, 2019, the Department for Business, Energy & Industrial Strategy released a consultation paper setting out its proposals derived from the smart data review carried out to examine how...

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