Regulation

10 Feb 20 @ 17:10

The National Payments Corporation of India (NPCI) has granted permission to WhatsApp Pay, which will cater to 10 million users in India, close to two years after the company’s pilot run.... read more

10 Feb 20 @ 16:29

It has been reported that the Australian regulator, RBA, will consider intervening to stop banks from automatically directing contactless debit card payments through the Visa and Mastercard networks, the central... read more

21 Jan 20 @ 14:29

Banks from across nine EU countries have endorsed a note seeking clarification on the definition of e-money transactions and the related fraud reporting requirements issued by the European Banking Authority... read more

14 Jan 20 @ 13:33

The global smart card market is expected to exceed $65 billion by 2025. The rise in privacy and data security concerns in financial transactions will drive the industry growth over... read more

13 Jan 20 @ 17:58

Since 2015, annual AML (Anti Money Laundering) penalty figures have been steadily rising each year. Multi-million dollar fines have been commonplace for a while, but we are now seeing more... read more

13 Jan 20 @ 16:38

A new academic study by GroundAI into online consent management platforms has concluded many of them are ignoring the EU’s GDPR rules. The study was conducted by a consortium of... read more

10 Jan 20 @ 17:19

Firms need to take action now as new Fifth Money Laundering Directive rules aimed at tackling money-laundering came into force today (Friday 10 January). These place increased importance on the... read more

08 Jan 20 @ 13:31

In a sensible setback, the Australian Competition & Consumer Commission (ACCC) has delayed the roll out of  Open Banking reforms in Australia by six months, because of the consumer regulator’s... read more

09 Dec 19 @ 18:00

Driven by the hardening of regulatory frameworks and an increase in prevention techniques, significant improvements in plastic card fraud have been recorded in multiple markets across Europe. For example, the... read more

09 Dec 19 @ 14:18

BigTech firms are playing an increasingly prominent role in the financial system and have begun to provide financial services. Some BigTech firms have grown rapidly in the past decade and,... read more

29 Nov 19 @ 16:02

The European Central Bank says it is exploring whether to develop a central bank digital currency (CBDC) as an alternative to cash. One of ECB’s most prominent board members warns... read more

20 Nov 19 @ 10:57

Open banking is an evolving trend in many jurisdictions and authorities have responded by taking a broad range of actions in recent years. In its recent, the Basel Committee on... read more