Officials have hinted that guidance could be drafted to govern the “transition period” between the introduction of the revised Payment Services Directive (PSD2) and its accompanying security...
Brexit represents an opportunity for the UK to bolster its status as the leading hub for Islamic fintech services in the West, according to lobbyists.
A group of EU fintech firms is resisting claims that screen scraping would place consumers and businesses at risk, arguing the influential FIDO Alliance has misunderstood the revised Payment...
Payments Canada is anticipating that the country will have a real-time payments system as soon as 2019, as the body pushes ahead with plans for development and implementation.
An influential standards-setter for payment security has urged the European Commission not to allow third party providers to bypass banks’ interfaces under the second Payment Services Directive ...
The European Banking Authority has defended its decision not to implement a machine-readable, real-time register of all authorised payments firms, laying the blame partly on the limitations of...
On August 30, 2017 Ping Identity, an identity security company, announced that it has been selected to provide the identity and access management (IAM) technology that will underpin the UK’s open...
On August 31, 2017 the Basel Committee on Banking Supervision (BCBS) released a consultation on the implications of fintech for the financial sector. The consultative document titled "Sound...
The Ministry of Finance, the Bank of Lithuania and other state institutions have created a special fintech association with the aim of encouraging the development of financial technology services...
A committee within India’s central bank has proposed a series of policy improvements to remove barriers for innovative financial firms and improve household financial decisions, urging the...
Much of the discussion around the revised Payment Services Directive (PSD2) has focused the opportunities it could create for new fintech companies, but established industry heavyweights are also...
UK payment providers are fighting for survival as high street banks continue to block their access to the financial system, with incoming regulatory reforms offering scant comfort in the short term.
Australia has proposed to reform its anti-money laundering laws, bringing new requirements to the virtual currency sector while seeking to lessen the burden for other firms.
Researchers have warned that cybercriminals will look to exploit the rise of open banking, as financial institutions adapt to the unique issues presented by the changing regulatory landscape.
A majority of British consumers are concerned about sharing account data with third parties under the revised Payment Services Directive (PSD2), according to new research.
Industry groups are hoping to fill a gap left by European regulators and create hi-tech registers of authorised third parties, after concerns that incoming reforms might heighten the risk of fraud.

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