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

27 Nov 18 @ 16:34

The UK online alternative finance industry market volume grew by 35% year-on-year to reach £6.19 billion in 2017. P2P Business Lending retained the top spot as the largest market segment... read more

22 Nov 18 @ 15:14

Regulators are increasingly using technology to improve regulatory oversight and modernise regulation. They are also using their influence to collaborate, convene and commission, so what is on the horizon for... read more

31 Oct 18 @ 18:48

2019 will bring a significant milestone for Open Banking. On 14th September, we will see the introduction of new regulations which govern how banks permit access to customer data to... read more

18 Jun 18 @ 13:47

Global adoption of real-time payments systems has soared in recent years, enabling consumers to transfer money between accounts instantly, but also irrevocably. In November 2017 the Eurozone launched its cross-border,... read more

13 Jun 18 @ 14:42

According to the Mobile Banking App Review 2018 , it is widely accepted that mobile banking apps are rapidly becoming the channel of banking customer relationships, certainly in the near-term before we... read more

21 May 18 @ 20:58

The financial sector, while forging ahead in other areas of digital transformation, has been relatively slow to adopt the cloud and there has been good reason for it: banks have... read more

20 Apr 18 @ 11:18

The Open Banking initiative in the UK has finished a three-month managed roll out programme, leaving regulated companies free to start offering Open Banking related services. Since mid-January, the Open... read more

09 Apr 18 @ 14:21

The overall idea behind PSD2 open banking is not new, Yodlee and others have for a while aggregate accounts, and they have done this through a process known as screen... read more

29 Mar 18 @ 10:30

The first thing to be clear about is that PSD2 open banking is not the same as UK Open Banking currently live with the CAM9, although not all of them... read more

12 Mar 18 @ 15:00

On January 13th 2018 new regulations came into force – called the Payment Services Regulations – Article 105 of which compels banks to offer bank accounts and payment services to... read more

12 Apr 17 @ 12:22

The future of payments won’t be about payments, it’ll be about data. Specifically the contextual data that travels with payment, rather than the payment message itself. Payment will cease to... read more

24 Mar 17 @ 10:33

On 23 February, the European Banking Authority (EBA) announced its intention to outlaw screen scraping in one of their Regulatory Technical Standards (RTS) complementing the revised Payment Services Directive (PSD2),... read more

07 Mar 17 @ 08:44

Optal announced the acquisition of Invapay, in a deal which will significantly expand Optal’s capabilities in the global corporate payments space. Invapay enables corporate buyers to use credit cards to... read more

26 Sep 16 @ 13:36

Which? has made the first Super Complaint to the Payments Systems Regulator (PSR ) calling on them to ensure banks better protect victims of fraud. Which? says that protections have... read more