The European Banking Authority (EBA) has issued a word of caution over the use of artificial intelligence (AI) and machine learning by financial institutions, as the authority seeks to better...
UK regulators have launched an inquiry into the role of data in supervision and reporting, calling for views on the potential use of new technologies for monitoring firms.
UK Finance has criticised the burden on firms caused by a disjointed supervisory landscape in the UK, calling for better coordination between authorities and a more sophisticated understanding of...
Nigeria has laid out its information security expectations for payment services operating in the country as it continues to seek to drive adoption of electronic payment methods.
It was another year of breakneck innovation across Asia-Pacific, the Middle East and Africa, as countries rolled out virtual banking licences, digital payment strategies and mobile money efforts....
A top U.S. Federal Reserve official warned this week that Facebook's planned Libra cryptocurrency could present "a number of risks" to consumers and the financial system — adding to the chorus of...
The UK’s financial regulator has released its vision of an open finance regime, in which the role of third-party providers would be retained from open banking and regulatory interventions be...
A law passed on Tuesday by the European Parliament will see payment firms in member states subject to a bevy of new requirements as they are recruited into the fight against e-commerce VAT fraud.
The Bank of Lithuania has launched a pilot to test automatic regulatory reporting by firms to replace “time-consuming” and costly manual filing.  
The body dedicated to monitoring the stability of the global financial system has urged regulators to monitor closely the impact of technology giants on financial services and cooperate on the...
This report provides an overview of California’s new data privacy law, which enters into effect on January 1, 2020.
The Dutch banking industry has called for the creation of a pan-European financial intelligence unit and closer ties between regulators and banks as it unveiled its wishlist for reforms to the EU’s...
U.S. fraud experts and consumer rights advocates have urged lawmakers not to let screen scraping form part of any open banking initiative, calling for laws to be extended to ensure the introduction...
Regulators must be wary of the risks posed by banks providing account access to unregulated fintechs as open banking models take shape, an influential group of central banks has warned.
A post-mortem on TSB’s high-profile IT meltdown last year has excoriated the bank for acting “without sufficient considerations of the risks” when transferring operations to a new system, leading...
U.S. officials have extradited a Russian national accused of selling stolen credit card data, with authorities alleging that he exploited virtual currencies and money transfer services to accept...

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