On February 26, 2019, the National Bank of Ukraine (NBU) announced the start of a comprehensive analysis of all components of the payments landscape of the country, to assess how the payments...
On February 26, 2019, the Open Banking Implementation Entity (OBIE) published three guides aiming to assist stakeholders with the implementation of the Open Banking Standard....
On February 26, 2019, the Financial Services Commission (FSC) proposed a plan to establish an open banking system for fintech firms to access banks’ payment networks. The plan seeks to encourage...
The time has come for a more coordinated approach to acquiring across Europe and the rest of the world, say experts who claim that even the most nimble fintechs are struggling to navigate the...
On February 25, 2019, the Swedish Financial Supervisory Authority (Finansinspektionen – FSA) notified the European Banking Authority (EBA) that it intends to fully comply with, and apply within the...
European Commission vice president Valdis Dombrovskis has threatened further regulatory intervention if banks’ strategies for the revised Payment Services Directive (PSD2) cause “a decline in the...
Norway has finalised its introduction of major European payments reforms, but experts believe the impact of the new rules may be limited by the dominance of bank-owned mobile payment app Vipps.
Spain’s financial sector should be ready to take advantage of landmark EU payment reforms despite major delays in transposition, thanks to a combination of industry-level work and support from the...
A senior European Central Bank (ECB) official has re-emphasised that banks must embrace the EU’s third-party account access regime, as it forges ahead with the creation of a new credit transfer...
The European Banking Authority (EBA) has defended its record on level three payments legislation after being accused by an MEP of “attempting to change a directive ... that turned out not be to its...
German banks may be open to sizeable damages claims after a regional court backed findings from the competition regulator that they acted as a cartel in blocking credential-sharing with third-party...
On February 1, 2019, the Open Banking Implementation Entity (OBIE) published its Operational Guidelines and accompanying Checklist, with the aim of providing clarification and recommendations to...
Concerns about data security and credential sharing are expected to be raised in response to a Canadian government consultation on developing an open banking framework in the country.
Intense scrutiny in Australia on a surge in firms offering interest-free “buy now, pay later” products at the point of sale is shaping up as a test case for if or how the burgeoning sector should...
Banks in the UK have called on regulators to make clear how payment initiation service providers will fit into the upcoming voluntary industry code on thwarting authorised push payment (APP) fraud.
European authorities have clarified that banks do not have to make whitelists of trusted payees visible or editable to third-party providers under incoming EU-wide security rules.

Pages