The Electronic Money Association (EMA) has emphasised the need for third parties in the UK to be able to develop new features as soon as possible to help widespread public adoption of open banking.
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...
After a 2019 in which payment firms found themselves running to keep up with new regulations and the efforts of authorities to fill the gaps in existing laws, many — including regulators — are...
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....
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 new report to the European Commission has laid out a number of steps to be taken to further level the playing field for fintechs in the EU.
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...
After months of political deadlock, Israel’s banking regulator has taken up the mantle of open banking, announcing it will require banks to provide fintechs with access to customers’ accounts.
The European Central Bank (ECB) has thrown its weight behind the creation of a new continent-wide payment system for both retail and e-commerce, warning that reliance on global financial giants...
The European Banking Authority (EBA) has acknowledged there were “teething problems” around the introduction of third-party account access reforms, but said the fragmented picture across the...
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.
The UK’s Financial Conduct Authority (FCA) will launch consultations on an “open finance” framework later this year, as the regulator looks to extend open banking beyond only payment accounts.
As the UK’s first open banking offerings start to gain consumer traction, fraudsters are already beginning to move into the space — pressuring banks to find out new ways of stopping them.
Denmark will follow the European Banking Authority's (EBA) recommendation of a 15-month transition period for new EU rules on strong authentication of online card payments, a reversal of the...

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