On August 20, 2019, the Financial Conduct Authority (FCA) published a "Dear CEO Letter" on requirements for strong customer authentication (SCA) in card-not-present e-commerce transactions. ...
On August 15, 2018, the Treasury of the Australian government launched a public consultation on the draft Treasury Laws Amendment (Consumer Data Right) Act 2018, which aims to establish a new...
German banks have expressed their shock at a letter from the country’s financial regulator saying it was unlikely their application programming interfaces (APIs) would be approved by September’s...
The European Banking Authority (EBA) has further narrowed the lane for fintechs when it comes to access to customer accounts, rejecting industry proposals for a workaround when third parties are...
On August 14, 2019, the European Banking Authority (EBA) published responses to the fifth set of issues (XXI to XXVI) raised by participants of the working group on application programming...
The UK’s Financial Conduct Authority (FCA) has decided to give banks and third-party providers an additional six months to meet incoming requirements on account access, after concerns that a lack...
On August 2, 2019, the European Payment Institutions Federation (EPIF), along with the co-signatories, has published a statement to express it supports the goals of strong customer authentication ...
Legislation to launch open banking in Australia has passed parliament after months of delays, but is likely to face imminent changes to allow consumers to “delete” data held by firms.
Hong Kong will press ahead with plans to develop common standards for open banking, the city-state regulator has said, despite signs that the industry is already outpacing the official schedule.
On July 18, 2018, the Hong Kong Monetary Authority (HKMA) published the Open API Framework for the Hong Kong Banking Sector, which consists of a directional guide for the local banking industry to...
European fintechs have written to national regulators to express “grave concern” over the quality of application programming interfaces (APIs) being readied by banks, reiterating calls for...
Ukraine’s top financial regulator has embarked on a campaign to liberalise the country’s payments market that will allow non-banks to issue electronic money and payment cards for the first time.
On July 30, 2019, the Bank of Italy published information on new services for accessing payment accounts under the revised Payment Services Directive (PSD2)....
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...
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...
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...

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