Regulation

18 May 21 @ 11:46

Prepaid Financial Services is in the regulators sights again just two months after being named and fined for a cartel involving Mastercard, Allpay, Sulion and Cashplus. Shares in PFS’s Australian... read more

14 May 21 @ 10:34

Facebooks cryptocurrency Diem has been forced to abandon plans to gain a license in Switzerland via its financial regulator FINMA and is instead going to set up operations in the... read more

14 May 21 @ 09:57

What a difference a year makes. Just 18 months ago, leading global bankers were describing cryptocurrencies as “a worse [bubble] than tulip bulbs” – and now Goldman Sachs has launched... read more

12 May 21 @ 12:07

Money laundering is about much more than white-collar crime. It is a process which fuels the activities of criminal gangs that are extremely harmful to European society as a whole.... read more

12 May 21 @ 11:41

In another startling case of financial malpractice unearthed in a Dutch-registered bank headquartered in the Netherlands owned by a Turkish financial holding company, a whistle blower as advised by his... read more

30 Apr 21 @ 12:23

As part of its strategy for addressing fraud risks in the context of the Single Euro Payments Area (SEPA) payment schemes the European Payments Council (EPC), has elected to develop... read more

19 Apr 21 @ 14:08

Europe’s banks are undergoing one of the greatest periods of transformation in their 800-year history. Banking models that prioritised delivery through branch networks are disappearing, replaced by digital as mobile... read more

12 Apr 21 @ 13:19

On March 10, 2021, the European Commission (EC) published an Inception Impact Assessment (IIA) on the Commission’s planned initiative on real-time payments in the EU. The IIA was open for feedback... read more

06 Apr 21 @ 09:00

A new report that reveals 33% of FinTechs have faced regulatory intervention due to agency banking resiliency failures. The report How well are FinTechs served by banks? The state of... read more

31 Mar 21 @ 16:11

The Payment Systems Regulator (PSR) has set out provisional accusations for five payments companies including Mastercard, in which it states the companies violated antitrust laws, by operating a cartel for... read more

23 Mar 21 @ 16:38

Since 2008, there has been much speculation about the role of digital currencies in global payments, and the application of the software engineering behind cryptocurrencies built with blockchain. While speculation... read more

22 Mar 21 @ 15:40

Its all go for Visa right now, having raised interchange fees in the UK, The Justice Department is now investigating whether it is engaging in anticompetitive practices in the debit... read more