The European Banking Authority (EBA) has published a report on the impact of fintech on the business models of payment institutions (PIs) and electronic money institutions (EMIs). The report...
Following a survey of thousands of European financial institutions, open banking platform Tink has said not a single one has developed an application programming interface (API) good enough to...
A surprise statement from the Polish regulator has left banks and payment firms facing difficult decisions around whether or not to provide a “fallback” interface for third-party account access.
The Financial Conduct Authority (FCA) has declined to be drawn in to a call by the head of parliament’s Treasury Select Committee to enforce and oversee a code of conduct for data handling by open...
New Payments Platform (NPP) Australia has released a white paper on the next generation of real-time payments. The paper explores the key trends, opportunities and challenges of the global real...
The head of the UK parliament’s influential Treasury Select Committee has called for a mandatory code of conduct for open banking participants, in a harbinger of further political scrutiny of data...
Payments firms have called on European-level authorities to learn lessons from the struggles around national-level open banking initiatives as they look to expand the regime into a pan-European...
Canadian officials are calling for an open banking infrastructure that will enable consumers to share their financial data securely with third parties, urging that such a system is up and running...
On June 20, 2019, the Standing Senate Committee on Banking, Trade and Commerce published its final report entitled “Open Banking: What it Means for You”. In 2018, the committee was authorised by...
Efforts to open up the euro’s payment and settlement scheme to wider access via application programming interfaces (APIs) has been put on hold, after fintechs insist on getting the first phase of...
Fintechs across Europe have joined calls for a delay to September’s strong authentication reforms, urging authorities to show leniency to firms providing third-party payment services, as well as...
On June 12, 2019, UK Finance issued the UK Payments Market Summary 2019 report and announced that the banking and finance industry will commit to helping local communities ensure appropriate free...
The UK government is contemplating going beyond the scope of its existing open banking regime and extending third-party providers’ rights to include access to non-payment accounts.
EU authorities have responded to uncertainty about how payment providers should carry out transaction risk analysis under incoming strong authentication rules, as well as whether banks must confirm...
Industry group TheCityUK has warned of the potential for open banking to undermine the stability of firms’ operations and has suggested that further standardisation of new reporting requirements...
On June 4, 2019, the National Bank of Ukraine (NBU) published the results of a pilot project studying the possibility of issuing its own digital currency — "e-hryvnia".This project was initiated...

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