On December 10, 2018, Payments Canada published its annual payment methods and trends report, which provides an overview of the trends in payments, and demonstrates how Canadians are adopting new...
On December 12, 2018, the Central Bank of Nigeria (CBN) released its activity report 2017 on the banking and payments system, providing detail on the achievements it has accomplished in the last...
UK fintech Revolut has become the second firm to be granted Lithuania’s pioneering “specialised bank” licence, allowing it to carry out certain deposit-taking functions without holding full banking...
On December 7, 2018, a group of State Duma MPs submitted a draft law on amendments to Law No. 161 FZ "On national payment systems", June 27, 2011, to establish new requirements in the area of...
On November 11, 2018, the Central Bank of Bahrain (CBB) launched a consultation paper on open banking, introducing new rules as part of its Rulebook Volumes, which aim to create a comprehensive and...
On June 6, 2018, the Bank of England (BoE) launched a consultation on ISO 20022, a global messaging standard to modernise UK payments, providing for aligned credit messages across CHAPS, Bacs and...
In November 2018, the Central Bank of Trinidad and Tobago launched a public consultation seeking feedback on its draft e-money policy and the accompanying ministerial order for the category of...
The European Central Bank is prepared to take action to allow non-banks access to its incoming real-time payment system, particularly if banks show “resistance” around granting fintechs well...
The number of correspondent banking relationships and active remittance corridors has fallen further, the Financial Stability Board (FSB) has warned, as national regulators are urged to do more to...
Experts are unconvinced that the recent resignation of anti-marijuana hardliner Jeff Sessions as U.S. Attorney General is good news for legal cannabis businesses and the payment providers seeking...
On November 15, 2018, the Monetary Authority of Singapore (MAS) released a report titled “Cross-border interbank payments and settlements: Emerging opportunities for digital transformation”, which...
On November 7, 2018, the Central Bank of Nigeria (CBN) released an exposure draft on the rules governing the operation of indirect participants in the national payments system, seeking feedback...
On October 27, 2018, the Alliance for Financial Inclusion (AFI) released a report, "Policy and Regulatory Changes in the AFI Network", which outlined the reforms adopted and implemented by its...
Australia’s central bank has launched a consultation on whether there are competition issues inherent within its recently introduced real-time payments system.
UK regulators have hit back at claims their supervision of money services businesses (MSBs) is not up to scratch, after banks suggested poor oversight is one reason why de-risking is so prevalent...
On October 22, 2018, the Financial Supervisory Authority (Finansinspektionen), in support of the Riksbank's committee initiative to draft an interim report on secure access to cash, issued its...

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