The head of Canada's competition authority has indicated that the government will examine open banking reforms abroad as it seeks to improve growth in the payments sector, part of a fintech market...
Anglo-American lobbyists are mustering the “Davos of Payments” in an effort to pursue harmonised international regulations, bolster cybersecurity standards and support the industry’s future growth.
A UK payment service provider threatened with losing its access to the country’s payment systems has formally requested regulatory intervention, the first application of its kind.
Facebook’s acquisition of e-money licences in Europe is prompting speculation that the company is laying groundwork for a substantial payments business beyond peer-to-peer transactions.
A former director at the Payment Systems Regulator has said authorities should require the UK’s largest high-street banks to surrender their ownership and control of the country's fund transfer...
A European Parliament report is advising officials in Brussels to reorient fintech regulation towards promoting innovation, amid fears the continent could fall behind rivals in Asia, the US and...
The UK looks at PSD2 implementation and partners with the US to promote payments and fintech; the PCI Security Standards Council updates its guidance on e-commerce, prompted by the growing chip...
Authorities in the UK have taken a major step towards implementing the revised Payment Services Directive (PSD2), launching consultations on the draft text and finalising the open banking framework...
A UK payments industry body has said continued dialogue between the financial sector and European regulators is essential in ensuring stability as Britain leaves the EU.
The radical reshaping of the UK payments industry signalled by open banking may fail if additional consumer protection regulations are not put in place, a report has warned.
Competition regulators have insisted the UK should continue working towards open banking standards linked to EU reforms, despite the government confirming it would seek an exit from the European...
After a turbulent and unpredictable 2016, the global payments industry has its work cut out to prepare for a flurry of regulatory, legislative and policy reforms.
A landmark year for the global payments sector, 2016 was characterised as much by legal reforms as by seismic shifts in the political landscape. Regulators in the UK launched unprecedented new...
The impact of open banking on the payments space has been exaggerated, industry insiders have argued, with doubts raised over whether EU regulation will do enough to influence stubborn consumer...
The Payments Strategy Forum has a huge amount of work to do to ensure ambitious designs to futureproof the UK's payment system do not become “slides gathering dust”, industry insiders have said.
UK competition officials are warning traditional institutions that the rise of open banking could soon see retail customers transact more through third-party software than propriety banking apps.

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