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...
The Australian government has said it will re-introduce legislation this week to enable open banking to begin on schedule in February 2020, but its reception from opposition parties remains...
European authorities may have to take a more flexible approach to third-party account access from September, an MEP has told PaymentsCompliance, amid lingering concerns that banks’ unreadiness...
The body responsible for open banking in the UK has responded to fintech complaints that the current system lacks vital functionality, suggesting instead they should be seen as “premium” services...
On July 16, 2019, the Open Banking Implementation Entity (OBIE) published a report titled “Open Banking: Preparing for lift off”, which reviews the way open banking has evolved in the year...
On July 15, 2019, the International Monetary Fund (IMF) published a technical note on implications for the regulation and supervision of the financial sector in Singapore, exploring both the...
Dutch banks are seeking urgent talks with the country’s Data Protection Authority (AP) after it unexpectedly instructed them not to use customers’ payment data for direct marketing purposes.

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