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...
On July 26, 2019, the European Banking Authority (EBA) published responses to a fourth set of issues (XIV to XX) raised by participants of the EBA working group on application programming...
On March 29, 2019, the Information Commissioner’s Office (ICO) launched the beta phase of its sandbox, aiming to support companies using personal data in their effort to create more innovative...
As bank de-risking continues to plague the worldwide financial system, U.S officials are encouraging regulated institutions to assess risk on a case-by-case basis, rather than making blanket...
Industry associations representing banks and third-party providers across the EU have reached an agreement over account access designed to minimise customer detriment once new rules take effect in...
This week saw what could turn out to be the opening salvos in a battle over whether the U.S. Federal Reserve should establish a real-time payments network to compete with privately-operated systems.
Mastercard has won another chance to fend off a £14bn lawsuit over historical domestic interchange fees, the latest twist in the saga over what would be the UK’s largest-ever class action.

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