Tag Archives: Regulation

E-Commerce and FinTech Hackathon 2019, organized by KG Labs and financially-supported by GIZ’s Trade Facilitation in Central Asia project and Interbank Processing Center, was held June 14-16, 2019 in Bishkek, …

As open banking continues its path toward offering consumers greater financial products and services, it is interesting to consider what things are necessary for open banking to become the new …

A recent survey of the Polish banking sector concerning the Second Payment Services Directive (PSD2) of the European Union (EU) was published by KPMG. Specifically, the survey found that Polish …

While open banking represents a step forward for financial institutions, data and customer identity must remain the highest priority. In fact, the European Banking Authority (EBA) recently released new guidelines …

Countries across the Asia-Pacific region have been quick to establish open banking frameworks following the rollout of open banking regulations in the United Kingdom and the European Union’s passage of …

With open banking growing in popularity across the globe and the Second Payment Services Directive (PSD2) coming into full force, many Polish banks are reluctant to embrace open banking. Leaders …

The Australian government has announced that it will begin phasing in recommendations from the Open Banking Review beginning on July 1, 2019. Once fully-implemented, open banking will give Australian consumers …

A number of FinTech companies in the European Union (EU), namely Bankin, Eurobits, Sofort, PPRO and Trustl, have decided to oppose the Second Payment Services Directive (PSD2). These companies contend …

The Second Payment Services Directive (PSD2) underpins open banking across the European Union (EU); however, open banking in the Netherlands has yet to become a reality as Dutch regulators have …

A survey of 442 European Union (EU) banks conducted by the Swedish open banking platform Tink has found that 41% of EU banks have failed to provide a testing environment …

Changing consumer patterns, the emergence of non-traditional competition (e.g. FinTechs, blockchain and artificial intelligence) and initiatives undertaken by the Reserve Bank of India have provided the ideal timing for Indian …

With the implementation of the Second Payment Services Directive (PSD2) in the European Union (EU) and Ukraine’s relationship with the EU, it is natural to wonder about the implications of …

Open APIs are starting to emerge as a trend in the market of IT solutions in Kazakhstan, with private banks actively exploring the potential of open APIs and the National …

As the Second Payment Services Directive (PSD2) becomes the new reality across Europe, here are the main changes it is driving: External payment service providers are now better defined and …

The National Bank of Kazakhstan has initiated an open API program that will eventually allow consumers in Kazakhstan to use the internet services of any bank in the country. The …

Worldwide trends in the financial sector are creating new conditions that Ukraine should follow, especially if it wishes to create a more transparent and open payment market that is attractive …

The Bank of Russia is working on the creation of an automated information disclosure control system (ACRI) that will simplify the supervision work of the regulator. Specifically, ACRI will serve …

The National Bank of Kazakhstan, together with the banking community, is implementing a number of new initiatives on the digitization of financial services such as its launch of the interbank …

The Union of Banks of Kyrgyzstan has met with representatives of Kyrgyzstan’s Financial Intelligence Unit about establishing a digital information exchange system with the intelligence agency. The exchange channels are …

The National Bank of Tajikistan is asking consumers to report the shortcomings they encounter with financial institutions in the country. The regulator believes that this will help eliminate problems arising …