On July 23, the Bank of Thailand, along with 14 member banks of the Thai Bankers’ Association (TBA) and two state-owned banks, announced a memorandum of cooperation on the implementation of a new...
On July 20, 2018, the Payment Systems Regulator (PSR) published a protocol agreed upon, and to be implemented, by itself and the Financial Conduct Authority (FCA) in relation to the enforcement of...
Experts have called for more transparency around the reasons for declined payments to reduce the compliance friction driving de-risking of both smaller banks and new fintech companies.
On July 6, 2018, the Central Bank of Nigeria launched a public consultation on a policy paper titled “Exposure draft of the national financial inclusion strategy refresh”. The paper updates the...
Nine of the UK’s largest banks have received harsh criticism from the fintech community over their efforts to build application programming interfaces (APIs), but how do the businesses who must...
The largest bank in Slovakia may opt out of the Slovak Banking API Standard and adopt the more predominant Berlin Group alternative, as debate around authentication models under the EU’s third...
On May 1, 2018, the New Payments System Operator (NPSO) officially assumed control of the Bacs and Faster Payments systems operations, the two main payment systems in the UK....
On June 26, 2018, the Bank of Israel published a new set of rules covering the hosting of new acquirers on existing acquirers’ platforms. The new rules aim to allow new market entrants to conduct...
UK firms’ access to the Single Euro Payments Area (SEPA) scheme after Brexit remains in limbo, Brussels industry experts believe, despite optimism from legal experts that remaining members are ...
On June 14, 2018, the Central Bank of Iceland released its Financial Affairs report focusing on the functionality, efficiency and security of the payments infrastructure and of the financial...
Canada’s homegrown open banking initiative looks set to follow Australia and Israel in restricting access to read-only data, eschewing the payment initiation functionality introduced by European...
On June 11, 2018, the Committee of Inquiry of the Riksbank, the central bank of Sweden, submitted an interim report (SOU 2018:48) related to secure access of cash to the Swedish Ministry of Finance...
On June 6, 2018, the Bank of Ghana released its Payment Systems Oversight Annual Report for 2017, which reflects on the main changes to the payments system landscape of the country, following a...
On June 6, 2018, the Emerging Payments Association (EPA) released its response to the HM Treasury consultation paper on cash and digital payments in the new economy, which was launched earlier this...
On May 30, 2018, the European Payments Council (EPC) released a paper reflecting its position in relation to the upcoming UK withdrawal from the European Union, the formation of a EU-UK...
A company that offers multiple payment accounts in different jurisdictions has become the first non-bank provider to be granted access to Bacs, as the UK’s central bank settlement reforms continue...

Pages