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...
On July 16, 2019, the Open Banking Implementation Entity (OBIE) published a report titled “Open Banking: Preparing for lift off”, which reviews the way open banking has evolved in the year...
Belgium has been plunged into a debate over ATM availability in supermarkets after a legislator introduced a bill that would overturn measures all but wiping out cashpoints located in physical...
A key architect of Facebook’s digital currency project, Libra, has attempted to reassure lawmakers that Libra will not be launched until regulators are happy user data is protected, the risk of...
On July 16, 2019, the Bank of Lithuania announced that it is seeking an innovative solution to the mandatory reporting scheme, under which all participants in the Lithuanian financial market are...
On July 15, 2019, the International Monetary Fund (IMF) published a technical note on implications for the regulation and supervision of the financial sector in Singapore, exploring both the...
The International Monetary Fund (IMF) has backed moves to allow e-money providers to settle payments directly through central banks, touting the payments technology as a potential barrier to market...

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