European Open Banking Grows Through Smart Regulation
Tom Groenfeldt
DECEMBER 13, 2018
Data privacy regs in Europe provide standards for banks and FinTech to share data, with a customer's consent, so they can offer tailored solutions.
Regs Related Topics 
Cube RegTech rollup continues with acquisition of Reg-Room
Finextra
MAY 9, 2024
Regulatory intelligence firm Cube has acquired US-based Reg-Room, the latest in a planned series of acquisitions to drive consolidation in the market for regulatory technology.
Regs 
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Google Quits Cookies As Data Privacy Regs Show Fangs
PYMNTS
FEBRUARY 5, 2020
Looks like the digital advertising and marketing sectors are in for a reckoning. How that will affect merchants’ online promotional activity hangs in the balance. That’s the scoop as 2020 opens, with privacy skirmishes turning to full-scale war on browser cookies.
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KYC's getting harder, but it's necessary to avoid an onboarding crisis
Payments Source
JULY 23, 2019
New regs force financial institutions to go deeper to stop laundering, but the prize is easier overall enrollment, says NTT Data Services' Edmund Tribue.
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6.19.19 Your morning briefing
Payments Source
JUNE 19, 2019
Today: Regulators criticize Facebook's crypto; India may ease local data storage regs; Distributed ledgers advance in Italy; Real-time rails gain more users in the U.S. The information you need to start your day, from PaymentsSource and around the Web.
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Resistance to U.K.’s open banking regs is futile
Payments Source
AUGUST 22, 2018
The best thing a banker can do today is regard the U.K. as a real-world fintech laboratory, track developments closely and seek opportunities to capitalize on change, writes Naomi Bowman, managing director for Berkeley Research Group in London.
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Morning Brief 12.12.19: Mastercard pilots digital ID in Australia
Payments Source
DECEMBER 12, 2019
New York crypto reg changes move ahead; PayPal's Ready heads to Google; and other information you need to start your day, from PaymentsSource and around the web.
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Digital transformation brings more risk, and new regs
Payments Source
JANUARY 13, 2021
financial institutions should prepare for potential new regulations around data privacy and protection, digital identity verification and the use of biometrics, says OneSpan's Michael Magrath.
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Risk, fintechs and regs spark real-time payment reforms in U.K.
Payments Source
DECEMBER 10, 2018
The Bank of England is upgrading the U.K.’s s Real-Time Gross Settlement (RTGS) system. Separately, the U.K. payments authority, Pay.UK, is developing a New Payments Architecture that will upgrade Britain’s Faster Payments real-time retail system.
Europe's strong authentication regs mired in confusion
Payments Source
AUGUST 14, 2019
Payment companies have made substantial investments into new identity rules in Europe, but the deadline has become a moving target with different agencies offering conflicting or unclear guidance.
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Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs
PYMNTS
JUNE 29, 2020
As the fallout from Wirecard ’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated, the Financial Times reported.
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European transactions: Cockroach Labs, PwC UK team up on data sovereignty, modernization
Bank Automation
AUGUST 21, 2024
regs have led it […] regulators are starting to look at the European Union’s Digital Operational Resilience Act, and are monitoring the resiliency and business continuity plans of critical industry enterprises, a trend that is leading to new transactions.
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Reg A+ IPOs Lose More Investors’ Money Than They Make
PYMNTS
FEBRUARY 12, 2018
In addition to most of the Reg A+ IPOs losing investors’ money last year, the average float of these stocks was 15 percent, which is much lower than the 34 percent float for all IPOs listed in U.S. That makes the Reg A+ IPOs hard to trade and thus more prone to volatility, noted the report.
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Debt Collections on Tenterhooks with Six and Sevens following CFPB’s Reg F
FICO
SEPTEMBER 19, 2022
Debt Collections on Tenterhooks with Six and Sevens following CFPB’s Reg F. Reg F isn't a hurdle to adjust to and live with. It's an opportunity to improve the way you interact and engage with your customers. Embrace it. FICO Admin. Tue, 07/02/2019 - 02:45. by Cyril Cherian. expand_less Back To Top. Mon, 09/19/2022 - 15:00.
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Alibaba Single’s Day 2020: Sales Records Broken, But New Chinese Regs Spoil The Party
PYMNTS
NOVEMBER 11, 2020
Alibaba ’s Singles Day performance on Wednesday (Nov. 11) shows that the Chinese consumer is back — big time. Singles Day — Alibaba’s popular shopping holiday that takes place every Nov. 11 (“11-11”) in China and some other countries — saw online sales explode past last year’s sales totals.
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95 India Regs Call Startup Lending Practices Into Question
PYMNTS
SEPTEMBER 12, 2016
The Securities and Exchange Board of India (SEBI) is placing pressure on the nation’s alternative lending space in a notice issued earlier this month, reports said on Friday (Sept. SEBI is questioning the legality of equity crowdfunding platforms that startups use to raise funds.
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Android Apps Feed Facebook User Data, Violate EU Reg
PYMNTS
DECEMBER 31, 2018
Some popular apps for Android smartphones are feeding data to Facebook without user consent, which could be a breach of the European Union’s (EU’s) General Data Protection Regulation ( GDPR ).
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02.05.18 Your morning briefing
Payments Source
FEBRUARY 5, 2018
Today: Lloyds bars credit cards for bitcoin; Santander builds new DLT payments hub; UPS applies for bitcoin locker patent; Mnuchin calls for international cryptocurrency regs; EU blockchain group forms. The information you need to start your day, from PaymentsSource and around the Web.
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Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
PYMNTS
JUNE 29, 2020
Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs. In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Plus, the Federal Deposit Insurance Corp. FDIC) is looking to modernize bank reporting.
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56 Hong Kong Regs Keep Pressing For Treasurers
PYMNTS
OCTOBER 24, 2016
Hong Kong is again pushing for more multinational corporate treasurers to call the city home with a new initiative by local regulators. Reports Friday (Oct. 21) said authorities in Hong Kong have launched a campaign to promote mainland China treasurers to establish headquarters in Hong Kong as they look for global expansion.
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8.21.19 Your morning briefing
Payments Source
AUGUST 21, 2019
Today: Visa fights Indian regs; MoviePass suffers a breach; M&A sparks payment deal record; Square hires a crypto experts; Acorns draws celebrity investors. The information you need to start your day, from PaymentsSource and around the Web.
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European payment regs will push retailers to rethink authentication
Payments Source
MARCH 2, 2018
Retailers and payment service providers will need to report on at least a quarterly basis on performance against the reference fraud rates, writes Matthew Attwell, Risk & Client Services director at The ai Corporation.
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73 10.15.18: Your morning briefing
Payments Source
OCTOBER 15, 2018
The information you need to start your day, from PaymentsSource and around the Web: India's payment regs, Westpac's wearables; New Zealand debunks bitcoin claim; and more.
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10.31.18 Your morning briefing
Payments Source
OCTOBER 31, 2018
Today: Visa and Mastercard comply with India's data regs; FCA plans cryptocurrency crackdown; :Adyen expands in Canada; Google Pay adds more markets. The information you need to start your day, from PaymentsSource and around the Web.
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Why cryptocurrency businesses need to heed FinCEN's onboarding regs
Payments Source
MAY 17, 2018
For cryptocurrency entrepreneurs in particular, many of whom are just developing the anti-money laundering programs they are required to have under other FinCEN rules, the CDD rule is worth taking note of, writes Laurel Loomis Rimon, senior counsel at O'Melveny & Myers LLP.
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71 New European payment regs leave banks holding the bag
Payments Source
AUGUST 7, 2017
Under PSD2, banks are expected to admit all vetted comers, but how they will connect to them is up to the individual parties, writes Raz Rafaeli, CEO of Secret Double Octopus.
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PSD2 and other payment regs are getting away from data compliance tech
Payments Source
DECEMBER 13, 2018
Traditional compliance data handling tools and procedures are mostly not efficient enough to handle the mounting data in the right way, which makes the analysis extremely difficult, writes Srinivasan Pandurangan is senior manager of business consulting at Virtusa.
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9.20.18 Your morning briefing
Payments Source
SEPTEMBER 20, 2018
ICO regs; ANZ debuts cardless ATMs. The information you need to start your day, from PaymentsSource and around the Web. Today: Cashierless stores are set to grow quickly; Westpac adds Siri payments; Hacks at Newegg and government servers; MPs push for U.K.
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Dumping debit regs would kill competition
Payments Source
MAY 8, 2017
The Durbin Amendment is on the chopping block , which could reverse years of savings for merchants and consumers.
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3.11.19: Your morning briefing
Payments Source
MARCH 11, 2019
fintech opens to cross-border payments; Singapore tackles tech regs; and more. The information you need to start your day, from PaymentsSource and around the Web: Amazon leads Google in voice commerce; U.K.
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4.23.18 Your morning briefing
Payments Source
APRIL 23, 2018
Today: All four major card brands are on board with a single online "button"; EU tightens prepaid and cryptocurrency regs; PayByPhone appoints a new CEO; Ireland preps to be a Brexit landing spot. The information you need to start your day, from PaymentsSource and around the Web.
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65 EU Reaches Deal On Marketplace Regs
PYMNTS
FEBRUARY 18, 2019
As far as eCommerce drama goes, the running tension that defines the relationships among the European Union and U.S.-based based companies such as Amazon, Facebook and Google has little competition. Now comes the next chapter in the story: An effort by the EU to crack down on what it views as harmful, monopolistic online marketplace practices.
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Proposed Bills Could Make Washington An AI Reg Leader
PYMNTS
JANUARY 24, 2020
With an array of bills brought forward by lawmakers during this legislative session, Washington state could become a leader in artificial intelligence regulation.
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5.02.18 Your morning briefing
Payments Source
MAY 2, 2018
cryptocurrency firms ask for more regs; Circle boosts its security; Philadelphia adds transit payments tech; Lots of Americans use cards just for the loyalty points. The information you need to start your day, from PaymentsSource and around the Web. Today: U.K.
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Tighter European data regs ease consumer privacy fears
Payments Source
AUGUST 13, 2018
Consumers generally approve of GDPR’s goals of tightening data-protection and consumer privacy, and more than half would consider fleeing to another provider if they suspected corporations were unclear in their communications or intentions about gathering data.
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FDIC Defines Bank Regs For FinTechs
PYMNTS
MARCH 18, 2020
The Federal Deposit Insurance Corporation ( FDIC ) is setting new regulations for FinTechs and industrial banks that will enhance transparency and establish record-keeping requirements, the agency said on Tuesday (March 17).
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57 Data privacy regs abroad put even finest digital tools to the test
Payments Source
JULY 7, 2020
Technology has helped banks expand globally, but complying with country-specific laws restricting data flows is a constant struggle.
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8.2.18 Your morning briefing
Payments Source
AUGUST 2, 2018
Today: Allied Wallet's CEO reportedly makes big political donations and skirts bank regs; Indian central bank pressures Paytm on AML; Grab's prepping another $1 billion raise; Google Pay adds another market; FSA tightens rules for FX marketing. The information you need to start your day, from PaymentsSource and around the Web.
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63 Reg concerns about Libra ‘should be no surprise’: Fed’s Brainard
Payments Source
OCTOBER 16, 2019
With policymakers casting doubt on Facebook's cryptocurrency and some of the social media giant's partners pulling out, a Federal Reserve governor continued the drumbeat of criticism.
States agree to sweeping reg reforms for fintechs
Payments Source
FEBRUARY 14, 2019
A group of state regulators has signed off on 14 recommendations, developed by the fintech industry, aimed at streamlining multistate licensing and supervision.
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62 Data localization rules are just as disruptive as privacy regs
Payments Source
JANUARY 14, 2019
As the payment industry continues to innovate and expand across borders, it increasingly will need to be mindful of data regulations requiring data localization that multiply the complexities and cost of creating a seamless data flow and user experience, Alston & Bird’s Richard Willis and Laura K. Song write.
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China Regs To Assess Banks’ SMB Financing Efforts
PYMNTS
APRIL 10, 2020
With the newest effort to direct more funding its most susceptible business vertical, China’s banking regulator said it would begin to watch the level of support lenders are providing to smaller companies that are encountering difficulties.
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