A bill to bring the 4th Anti-Money Laundering Directive (4th AMLD) into Maltese law is now on the books, after a reprimand from the European Commission for missing the initial deadline.
Predictions that technological and regulatory reforms could propel account-to-account payments ahead of traditional card transactions may have been understated, experts believe — providing...
Payment providers will be expected to take a tougher approach to simplified due diligence as a result of recent anti-money laundering reforms, legal experts have warned.
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...
There are concerns that financial institutions that rely on mainstream cloud services such as Amazon Web Services may fall foul of forthcoming European laws on data security.
Authorisation rules for European payment institutions will be subject to review almost as soon as they enter into force, as authorities already doubt the rules will be fit for fintechs.
Germany has completed the transposition of the revised Payment Services Directive (PSD2), expanding the ban on surcharging and maintaining a hardline approach to exemptions.
Lithuania’s banks are becoming more willing to put aside their trepidation over third-party providers, experts believe, as the fintech-friendly Baltic state pushes forward with wide-ranging...
The European Banking Authority (EBA) has published a discussion paper on fintech in the EU, laying out the regulator’s future areas of focus in the sector.
European officials have denied rumours that a decision has already been made to abandon the “spare wheel” account access plan, part of security rules accompanying the second Payment Services...
The European Banking Authority (EBA) has outlined plans to harmonise fraud reporting across the EU, amid concerns that current inconsistencies create a void that threatens the security of retail...
France’s reputation as a tough country for financial firms to do business is not being echoed in its approach to licensing ahead of major EU payments reforms, lawyers believe.
A majority of British consumers are concerned about sharing account data with third parties under the revised Payment Services Directive (PSD2), according to new research.
Industry groups are hoping to fill a gap left by European regulators and create hi-tech registers of authorised third parties, after concerns that incoming reforms might heighten the risk of fraud.
The European Banking Authority (EBA) has launched a consultation on its draft guidelines, developed together with the European Central Bank (ECB), on the reporting of operational incidents under...
Lawmakers are gathering evidence on potential legislative action against misleading currency conversion practices within the EU, as work pushes forward on improving transparency in cross-border...

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