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.
On July 24, 2019, the Payment Systems Regulator (PSR) released a consultation paper seeking views in relation to its research into cash access, its use by consumers and acceptance by small...
Concerns remain about consumer consent for financial services firms to use artificial intelligence (AI), and how they can seek redress for complaints about the technology, even as interest in the...
The Australian government has said it will re-introduce legislation this week to enable open banking to begin on schedule in February 2020, but its reception from opposition parties remains...
On July 19, 2019, HM Treasury published a regulatory coordination call for evidence on the Financial Services Future Regulatory Framework Review. The regulatory framework provides the overall...
European authorities may have to take a more flexible approach to third-party account access from September, an MEP has told PaymentsCompliance, amid lingering concerns that banks’ unreadiness...
The UK government has called for input on the possibility of establishing a digital identification system for the country, which would provide a single mechanism whereby customer authentication...
On October 31, 2018, the Financial Conduct Authority (FCA) released a discussion paper seeking feedback on the authority’s approach when assessing the fairness of certain pricing-related practices...
The EU’s top payments regulator has expressed concerns that national authorities place different conditions on firms seeking authorisation, and may issue new guidelines to avoid regulatory...
The long-smoldering issue of legal cannabis businesses lacking access to banking and payment services will take center stage in a key Senate committee hearing next week, the scheduling of which...
The body responsible for open banking in the UK has responded to fintech complaints that the current system lacks vital functionality, suggesting instead they should be seen as “premium” services...

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