The UK’s Financial Conduct Authority (FCA) has proposed new transparency measures for current account providers, while European and Asian law enforcement will cooperate to establish a task force...
HM Treasury has finalised its implementation of EU payment reforms, extending a surcharging ban to non-card payments and preventing banks from blocking access by third parties using screen scraping.
HM Treasury is seeking views on the proposed legislative changes for the transposition of the revised Payments Services Directive (PSD2). The Treasury has also published a draft of the Payment...
The UK’s ambitious open banking project has been hailed as a world-leading programme of reform, yet has faced criticism for its complex and opaque structure. With the deadline for EU payments...
The staggered nature of EU-led payments reforms is causing uncertainty for the UK financial sector, experts believe, as authorities scramble to finalise accompanying guidance before January.
The UK outlines open banking technical specifications; the EBA issues a fraud warning; Europol deepens virtual currency studies; a British financial super-lobby goes live; the Australian...
The UK’s open banking project should be expanded to create an industry-led payment scheme for third-party providers, according to proposals from one of the country’s high-street banks.
Influential European banking groups are pressing ahead with the creation of “harmonised and interoperable” third-party interfaces, despite ongoing uncertainty at EU level. 
UK regulators have urged the financial sector to educate and engage with consumers about the potential benefits of open banking, or risk allowing new third-party services to fall through the cracks.
Australian authorities are considering amending know your customer (KYC) rules, as they attempt to shift towards “smarter regulation” and a modernised approach to fighting financial crime.
The European Parliament has adopted a report calling for an EU-wide legal framework for fintech, with officials fearing the continent is losing out to rival technology hubs around the world.
Fintechs are questioning the wisdom of separating third-party providers into two distinct regulatory categories in the revised Payment Services Directive (PSD2).
Australia’s government has put into action plans to open the country’s banking and financial services sector to greater disruption and innovation, while also imposing greater accountability on...
On April 28, 2017 the Committee on Economic and Monetary Affairs (ECON) of the European Parliament prepared a report on fintech and the influence the technology could have on the future of the...
A senior U.S. Federal Reserve official has said the country is unlikely to mimic European laws on open banking and third-party access, although acknowledged that certain reforms could prove a boost...
Conflicts between incoming EU data protection laws and open banking are “overstated” and can be resolved, according to legal experts, who have urged firms not to let confusion hold back innovation.

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