PYMNTS
JANUARY 31, 2020
Some companies have been able to adjust quicker than others, leading to the first-ever fines issued and collected for breach of GPDR within the region. 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.
PYMNTS
NOVEMBER 20, 2020
Separately, Senator Elizabeth Warren last month wrote a letter to the Department of Justice urging an examination and strengthening of bank merger review guidelines. And digital remains a siren call for banks of all sizes, and for regional players. That’s especially true with digital-first cross-pollination.
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PYMNTS
SEPTEMBER 28, 2020
Open banking rules have continued to evolve during the global health crisis, but the pandemic has given regulators and financial authorities new questions to tackle. One area where the pandemic may significantly impact emerging data protection and open banking rules is the Middle East and North African region (MENA).
PYMNTS
MAY 1, 2020
Open banking developments were impacting customers’ interactions with their banks before the COVID-19 pandemic. have passed laws or implemented programs over the past two years to put more focus on digital banking and data security, fundamentally changing how online transactions work. Consumer Trust Drives Open Banking .
PYMNTS
JULY 24, 2020
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. Similarities To The EU.
PYMNTS
DECEMBER 17, 2019
Open Banking is making its rounds across the globe as regulators embrace financial services industry competition, and as financial services players — both banks and FinTech firms — recognize their market opportunities by embracing data sharing.
PYMNTS
JULY 23, 2020
Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year.
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