Bulgaria: Implementation of the 5th Anti-Money Laundering Directive
On July 3, 2019, the Council of Ministers introduced before parliament a bill including amendments …
'Request For Payment' Project Faces Hurdles To Adoption In Australia
A consortium of Australian banks has touted request for payment (RfP) as one of the …
Proposal To Raise Cap On UK Faster Payments Brings Fraud Concerns
The UK’s Payment Systems Regulator has suggested that the upper limit for the country’s real-time …
Singapore To Break Open Digital Banking Regime To Non-Banks
Singapore is opening its digital banking ecosystem to non-banks, unveiling a plan to issue up …
India: Reserve Bank Publishes FAQs on Storage of Payment System Data
On June 26, 2019, the Reserve Bank of India (RBI) published a set of FAQs …
UK: PSR Issues Progress Update on Access and Governance Report on Payment Systems
On June 27, 2019, the Payment Systems Regulator (PSR) published a report that updates on …
Carney Offers Non-Banks New Home At Bank Of England
The Bank of England has announced plans to let non-bank payment firms hold reserves at …
Canada: House of Commons Standing Committee Publishes Report on Cybersecurity in the Financial Sector as National Security Issue
On June 20, 2019, the Standing Committee on Public Safety and National Security in the …
Payment Providers Draw Up Expansion Playbook As U.S. Sports Betting Grows
U.S. payment providers in the betting market say they are working on a compliance model …