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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

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Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic has refocused scrutiny on the open banking ecosystem’s privacy and security. The Data Privacy Twist .

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Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds

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The push toward digital banking seems an inexorable one, with the technology and demographics acting as tailwinds, and where governments have increasingly gotten into the act of promoting digital banks (the pure-play kind) and making forays into bits and bytes, where once paper and face-to-face transactions reigned.

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New Report: Mercado Pago On How Mobile Bridges The LatAm Banking Gap

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Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

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Deep Dive: How The COVID-19 Pandemic Is Shifting Latin America’s Open Banking Plans

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Open banking has been picking up steam in Latin America for more than two years. 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. the region. Open Banking And Digital Readiness.

America 165
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Inside China’s Cyber, Financial Regulatory Changes And Challenges

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Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S. he remarked. “I

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UK Google Users Will Be Under US, Not EU Privacy Protections

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companies, is staying in the EU and will keep some of the EU’s famously stringent data protection rules, the General Data Protection Regulation. has one of the weakest privacy protections of any developed nation. Ireland, which hosts the headquarters of Google and other big U.S. Recent U.S. Britain and the U.S.

Google 141
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Kuwait Debuts FinTech Sandbox

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The newswire said representatives from local banks will sign on with a task force from the central bank, which will assess the financial products and services that are being proposed. has partnered with Kenya’s Family Bank Limited, as announced Wednesday (Nov.

Fintech 167