Hong Kong’s top financial regulator has announced a series of regulatory and policy reforms, including opening its banking sector to third party access and modernising financial crime laws.
On September 29, 2017 the Hong Kong Monetary Authority (HKMA) published initiatives that are aimed at preparing Hong Kong to move into a new era of smart banking.  Key initiatives include:Faster...
The Netherlands will not complete transposition of the revised Payment Services Directive (PSD2) until spring next year at the earliest, the Dutch Ministry of Finance has confirmed.
A case making its way through the Court of Justice of the European Union on the definition of a “payment account” could have far-reaching implications for banks and fintechs.
The Swiss Bankers Association (SBA) has published its position with regard to the revised Payment Services Directive (PSD2). The directive does not have to be applied in Switzerland but discussions...
Doubts over whether Poland will transpose EU reforms on time are creating an uncertain environment for payment firms, in what is already one of the continent’s most challenging markets for third...
EU industry groups have set their sights on developing a legally binding framework facilitating third-party account access, ready for when the revised Payment Services Directive (PSD2) goes live in...
The Financial Conduct Authority has finalised its implementation of major EU payments reforms, clarifying controversial provisions on safeguarding, exemptions and third-party access.
UK regulators have vowed to name and shame banks that unfairly refuse to provide account services to payment firms, and could even impose financial penalties on offenders.
The development of instant payments infrastructure across Europe should eventually eradicate current disputes over payment initiation services using screen scraping, officials have suggested.
Nets’ partnership with mobile payment provider Vipps threatens Visa and Mastercard’s influence over the Norwegian market, experts believe.
The European Commission will empower EU regulators to address the continent’s burgeoning fintech industry, with further guidance promised before the end of the year.
The UK's Financial Conduct Authority (FCA) has instructed banks not to discourage consumers from using third-party providers, even if they rely on credential sharing, once EU payment reforms go...
Repercussions for banks not meeting third-party access requirements under the revised Payments Services Directive (PSD2) currently lack teeth, experts have warned.
A Dutch bank has raised eyebrows after announcing it will not automatically allow third-party access under incoming EU payments reforms, and will instead require consumers to “opt in”.
Sweden has announced it will delay its transposition of the revised Payment Services Directive (PSD2) until May 1 next year at the earliest.