The European Banking Authority (EBA) has issued a warning over potential bottlenecks in Brussels’ drive for innovation in payments, highlighting the gatekeeper role that traditional banks and card...
UK payment providers have welcomed industry-led attempts to improve their access to bank account services, but called on government and regulators to give greater support to a sector still...
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...
On July 5, 2019, the Malta Financial Services Authority (MFSA) released a consultation paper titled “Pilar 1 - Regulations”, which seeks feedback from stakeholders in relation to the first of the...
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...
Singapore is opening its digital banking ecosystem to non-banks, unveiling a plan to issue up to five new licences to fintechs in what officials are calling “the next chapter in Singapore's banking...
On June 27, 2019, the Payment Systems Regulator (PSR) published a report that updates on the progress made to the access and governance of payment systems. The report provides information on the...
On June 26, 2019, the Reserve Bank of India (RBI) published a set of FAQs on the storage of payment system data to ensure compliance with the data processing and storage guidelines by all payment...
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...
The Bank of England’s decision to open up overnight deposits to non-banks has been welcomed as an embrace of innovation, but marks a recognition that an explosion in the use of specialist payment...
The Bank of England has announced plans to let non-bank payment firms hold reserves at the central bank, as well as enabling access to the country’s new real-time fund transfer infrastructure via...
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 19, 2019, the Reserve Bank of New Zealand issued a consultation paper on the future of cash in the country, which assesses the significance of cash in society and its trends as the demand...
Australia’s payments regulator has proposed an overhaul of the country’s real-time payments system, including direct access for non-banks, after it was attacked by payment service providers and...
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...
A senior executive at American Express has said “collateral damage” caused by EU-wide payment reforms has forced the card network to cut ties with dozens of bank partners.

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