16 Oct 20 @ 09:13

Following the dramatic decline in cash usage and the consequential reduction in ATM estates, the UK Government is backing an initiative to allow people to access cashback in shops without... read more

11 Sep 20 @ 12:08

For those less familiar, the Electronic Identification, Authentication and Trust Services, or the eIDAS system as it is more commonly known, came into effect on 1st July 2016, with Regulation (EU) 910/2014 on electronic identification... read more

24 Aug 20 @ 09:00

The break-up of Wirecard has begun as it agreed to sell what is left of the UK business to Railsbank, a UK FinTech backed by Visa. The UK deal, which... read more

01 Jul 20 @ 16:21

Wirecard’s offices in Germany and two locations in Austria have been raided by Munich prosecutors looking into the €1.9 billion that went missing from the company’s accounts. 12 prosecutors and... read more

30 Jun 20 @ 12:41

Despite some countries, like the UK, adding further extensions to the SCA deadline, the EBA is maintaining its strict ruling that the December 2020 deadline must be met. At present,... read more

26 May 20 @ 10:50

Visa says that 28 new partners will be joining Visa Token Service as credential-on-file (COF) token requestors. These new partners will help make digital transactions more secure by tokenizing both one-time... read more

17 Mar 20 @ 09:47

As the global battle against Covid-19 moves into uncharted territory, the avalanche witnessed across global stock markets may have claimed its first victim. Finablr, the owner of Travelex, has asked... read more

30 Jan 20 @ 16:35

Two years ago, opportunity for the FinTech community was abound with the arrival of Open Banking. And while the initial uptake was slow to materialise, we are now finally realising... read more

29 Jan 20 @ 17:42

Fenergo released its findings on financial institution fines which shows that in December 2019 global penalties totalled $36 billion for non-compliance with Anti-Money Laundering (AML), Know your Customer (KYC) and sanctions... read more

22 Jan 20 @ 18:55

2019 was certainly a memorable year for the FinTech industry with the final implementation of the second Payment Service Directive (PSD2) and Strong Customer Authentication (SCA) continuing to set the... read more

20 Jan 20 @ 15:53

New figures published show that customer use of Open Banking in the UK has surpassed the 1 million customer mark for the first time. Customer numbers have grown strongly, doubling... read more

04 Nov 19 @ 16:58

Last month, the European Banking Authority (EBA) announced an 18-month delay to the implementation of Strong Customer Authentication (SCA). However, the delay to PSD2 – which follows UK FCA’s own... read more

22 Oct 19 @ 11:17

Research has found that 86% of finance companies say that a lack of ability to migrate legacy apps to the cloud is impacting their business negatively, despite 85% viewing digital... read more

12 Oct 19 @ 08:34

The EU’s Strong Customer Authentication (SCA) regulations were meant to come in to full effect on 14 September. Required to enhance e-commerce security in the face of rising fraud, some... read more

30 Sep 19 @ 15:32

Challenger banks such as Metro Bank, and even larger foreign banks such as Santander, as well as branchless FinTechs such as Monzo, were supposed to break the dominance of the... read more

11 Jul 19 @ 11:58

The influential trade group body European Payment Service Providers for Merchants (EPSM) has joined the growing voice of the banking and payments industry to push back the forthcoming Strong Customer... read more

24 Jun 19 @ 12:40

The first of the mandated PSD2 deadlines has been and gone and 41% of European banks did not comply with the PSD2 deadline, which required them to provide a testing... read more

10 Apr 19 @ 10:11

Newton’s Cradle (a highly favoured executive toy) was a common sound in offices for many years. If you cast your mind back to your schooldays you’ll no doubt remember that... read more

06 Mar 19 @ 14:25

Under the Payment Services Directive (EU) 2015/2366 (“PSD2”), an Account Servicing Payment Service Provider (“ASPSP”) must grant a Third Party Providers (“TPP”) direct access to certain payment accounts of the... read more

01 Feb 19 @ 15:50

The Global Financial Innovation Network (GFIN) was formally launched in January 2019 by an international group of financial regulators and related organisations, including the FCA to create a global regulatory... read more