The governor of the Bank of England (BoE) has assured innovative payment service providers that regulators will not step in to apply bank-like controls on the industry, unless increased competition...
A top European Central Bank official has requested clarity on the interim period between the revised Payment Services Directive (PSD2) and its accompanying technical standards, amid concerns around...
UK government attempts to reassure fintech firms over Brexit; Iran seeks FATF membership in May review; New Zealand introduces legislation to update AML/CTF rules; the Middle East and North Africa...
HM Treasury believes that more than 100 previously unregulated businesses could be brought within the scope of incoming EU payments laws, and could face hefty authorisation costs as a result.
U.S. regulators move ahead with controversial reforms to fintech oversight; the future of the CFPB hangs in the balance; a group of UK-based payments start-ups suffer system outage; and the UK's...
The Payment Systems Regulator (PSR) has told the financial sector to ready itself for applications from non-banks planning to open settlement accounts with the Bank of England.
Financial institutions cannot use regulatory uncertainty as an excuse to delay providing third-party account access, industry insiders have said, after fears banks might be delaying preparations...
The UK's data regulator has advised companies to invest in privacy to secure a “competitive edge”, ahead of a tempest of legislative reform, the country's exit from the EU and the open banking...
The Payment Systems Regulator (PSR) has hailed the launch of a new UK clearing bank as a potential leap forward for payment providers struggling to gain indirect access to the country’s fund...
Discrepancies between the UK’s open banking reforms and the scope of the EU’s revised Payment Services Directive (PSD2) could cause fragmentation, duplication and confusion, industry insiders fear.
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...

Pages