Mexico: Data Protection Authority Strengthens Personal Data Protection by Adopting European Instruments
On September 23, 2019, the National Institute for Transparency, Access to Information and Protection of …
France: ACPR Publishes Proposals to Improve Remote Client Onboarding Identity Verification
On September 23, 2019, the French Prudential Supervision and Resolution Authority (ACPR) released a report …
Banks Call For 18-Month Strong Authentication Grace Period
Europe’s banking lobby has called on the European Banking Authority (EBA) to put in place …
Banks And Card Networks Face Threat From POS Instant Payments, Reports Warn
The prospect of instant payments at the point of sale (POS) could pose an unprecedented …
Strong Authentication And API Issues A Perfect Storm For Account Aggregators
Fintech firms that aggregate customers’ account data are complaining that banks’ preparations for new EU-level …
Lithuania: Parliament Completes Amendments to AML Act VIII-275 for Transposition of 5th AMLD
On September 18, 2019, the Lithuanian parliament (Seimas) published amendments to the Money Laundering and Terrorist …
Australia: Law Introducing Obligation to Include Right to Delete CDR Data in Consumer Data Rules
On September 18, 2019, the Treasury Laws Amendment (2019 Measures No. 2) Bill 2019 was …
EU Clarifies Account Aggregator Licensing Rules After UK Interpretation Issues
European authorities have said account information service providers (AISPs) do not need to provide services …
Finnish Banks Fail To Meet Demands On APIs, Regulator Reveals
Finland’s financial regulator has revealed that some of the country’s banks failed to meet requirements …