The U.S. Federal Reserve has announced it will establish a round-the-clock real-time payment settlement system, following Congressional debates over whether or not to leave the project to industry.
On August 2, 2019, the European Payment Institutions Federation (EPIF), along with the co-signatories, has published a statement to express it supports the goals of strong customer authentication ...
E-money firm ipagoo has collapsed after being ordered by UK regulators to stop providing payment services, with customers facing an anxious wait to find out whether they can recover funds.
On August 2, 2019, the Financial Supervisory Authority (Finansinspektionen - FSA) issued a consultation on the draft updated rules and regulations on the management of operational risks in...
Legislation to launch open banking in Australia has passed parliament after months of delays, but is likely to face imminent changes to allow consumers to “delete” data held by firms.
On August 1, 2019, EMVCo announced the advancement of its testing programme to streamline the deployment and acceptance of contactless payment technologies worldwide. ...
Hong Kong will press ahead with plans to develop common standards for open banking, the city-state regulator has said, despite signs that the industry is already outpacing the official schedule.
Australia’s faster payments operator has responded to demands from the central bank to force members to up their services to consumers and businesses, with possible fines for those who drag their...
On July 18, 2018, the Hong Kong Monetary Authority (HKMA) published the Open API Framework for the Hong Kong Banking Sector, which consists of a directional guide for the local banking industry to...
On January 23, 2019, the Financial Conduct Authority (FCA) launched a ten-week consultation seeking feedback on its proposed crypto-assets guidance. The consultation paper comes as a response to...
European fintechs have written to national regulators to express “grave concern” over the quality of application programming interfaces (APIs) being readied by banks, reiterating calls for...
Cryptocurrency firms are urging U.S. authorities to consider a ground-up, purpose-built regulatory framework for the technology, amid fears that hostility towards Facebook’s Libra project could...
Ukraine’s top financial regulator has embarked on a campaign to liberalise the country’s payments market that will allow non-banks to issue electronic money and payment cards for the first time.
On July 30, 2019, the Bank of Italy published information on new services for accessing payment accounts under the revised Payment Services Directive (PSD2)....
As Facebook's Libra project endures withering criticism from Congressional critics — and a day before another hearing on Capitol Hill focused on virtual currency regulation — Ripple is urging...
On July 29, 2019, the European Commission published a communication titled “Equivalence in the area of financial services”, which sets out the EU’s comprehensive approach on, and how the commission...

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