Industry-wide adoption of regtech could break down legal fragmentation across the EU market and should be supported widely by authorities, influential experts have argued.
The world’s top market stability watchdog has warned national regulators to keep a close eye on emerging financial technologies, although it dismissed fears of any immediate risk.
A consortium of thousands of banks has offered to “compromise” with regulators over third-party access rules, as the EU-wide screen scraping row shows no sign of abating.
The European Savings and Retail Banking Group (ESBG) and the European Association of Co-operative Banks (EACB) have published a position paper calling on the European Banking Association (EBA) to...
The head of the International Monetary Fund (IMF) has told policymakers and standards-setters to ensure emerging fintech businesses are not being exploited by terrorist groups to transfer funds.
On March 23, 2017 the European Commission launched a public consultation called “Fintech: a more competitive and innovative European financial sector”, seeking views from stakeholders to further...
On June 20, 2017 PayPal announced that it is launching an instant transfer feature to its services....
The UK’s open banking project should be expanded to create an industry-led payment scheme for third-party providers, according to proposals from one of the country’s high-street banks.
The Payment Systems Regulator (PSR) has published a consultation on proposed remedies that will remove barriers and create a competitive procurements process, following the publication of its...
Fintech companies have asked the European Commission to develop a flexible and proportionate approach to licensing and the opportunity to passport freely across the EU.
Lawyers have backed Irish government attempts to lure the European Banking Authority (EBA) to Dublin, touting the possible move as a “terrific boon” to the payments industry.
U.S. federal regulators have updated rules concerning the relationships between banks and third-party providers, which legal experts believe bring fintech firms under closer scrutiny.
European and national member state authorities are conflicted over how the union should supervise and legislate cross-sector financial technology firms.
New research has suggested that the revised Payment Services Directive (PSD2) will prove a catalyst for instant transfers overtaking cards as the dominant means of payment in the EU.
The European Bank Association (EBA) has published a white paper on pan-European infrastructure considerations....
On June 15, 2017 the Financial Conduct Authority (FCA) published an update on its regulatory sandbox and unveiled a list of the applications that were successful to begin testing in the second...

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