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Monetary Authority Of Singapore: What It Will Take To Win Digital Banking Licenses

PYMNTS

However, the most intriguing development in the Open Banking world is not the impact of these two regulations inside of Europe, but outside of it. Other regulators in Australia, India and Singapore are examining financial innovation rules of their own, using GDPR and PSD2 as guidelines.

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APIs May Be The Key To Singapore’s Open Banking Future

PYMNTS

Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore, where legacy institutions have traditionally dominated. APIs and open banking growth. The impact these digital licenses could have on Singapore cannot be understated.

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An API-Driven Fix To Digital-First Banking

PYMNTS

The global financial space has been severely impacted by the ongoing COVID-19 pandemic, with social distancing and stay-at-home guidelines preventing customers from visiting bank branches to access the services they need. Developments From Around The World Of Digital-First Banking.

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Mastercard On The ‘Digital-First’ Transformation Of Credit Cards Into Daily Money Management Tools

PYMNTS

The great digital shift is transforming credit cards into money management tools. The company said that through the expansion of its Digital-First Card Program, which was announced last Wednesday (Sept. Those processors will in turn work with issuing banks to offer near-instant issuance of cards.

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All Eyes Are On LATAM Open Banking

PYMNTS

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. FinTechs Flourishing. Similarities To The EU.

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Report: Helping Online Merchants Comply With The Middle East’s New Payments Regs

PYMNTS

The ongoing pandemic has caused many regulators in the MENA region to examine the digital and open banking infrastructure they have in place. The aim of doing so is to create a more robust framework for digital banking. The country’s Data Protection Law was announced in 2019 and officially came into effect in July 2020.

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Next-Gen Debit Steps Up

PYMNTS

The latest PYMNTS Next-Gen Debit Tracker® done in collaboration with PULSE , a Discover company, charts the path of debit innovation as the economy groans to reopening, and details many reasons why debit seems custom-made for this moment in payments history. Your Money, Your Way. Debit’s Destiny.