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The regulatory year in review – and what’s next in 2022…
As payments go digital and new methods such as Account to Account (A2A), crypto and Buy Now Pay Later (BNPL)...
AML warnings raised at a third of UK EMIs as ‘major gateway’ for illicit funds
Anti Money Laundering (AML) red flags have been indicated at more than a third of UK-licensed electronic money institutions (EMIs),...
The FCA sets final rules and guidance to Strong Customer Authentication (SCA)
The UK Financial Conduct Authority (FCA) has recently published its policy statement PS21/19 which sets out amendments to the UK...
ECB approves a new oversight framework for electronic payments
Following a 2020 public consultation, the European Central Bank’s (ECB) Governing Council has approved a new Eurosystem oversight framework for...
Lithuania – how regulatory innovation created a nascent FinTech superhub
With a tiny population of just under 3 million, few could have predicted Lithuania would become a hotbed of FinTech...
The UK’s future strategy for Open Banking payments
Open banking (OB) payments have the potential to offer greater payment choice to merchants and customers. There are now over...
EU to ban banks’ use of cross-border permissions to access market
The EU has announced new measures to crack down on a patchwork of national arrangements that allow banks outside the...
European FIs: A decade to complete Open Banking objectives
New research reveals that in spite of growing positivity, the complete implementation of Open Banking will take financial institutions many...