PPPs provide the most direct and impactful opportunity for FIs to collaborate with public sector stakeholders to identify and address financial crime risks.
June 24, 2022The vision document outlines plans to introduce a framework for regulating all "significant intermediaries" in the payments ecosystem, as well as regulations for bigtech, fintechs and BNPL.
June 24, 2022The FSB warns that bigtechs could become so large or dominant that their failure could have a severe impact on economic activity and financial stability.
March 22, 2022New BIS paper says consent-based data governance systems with low transaction costs are key to promoting the development of virtual banking worldwide.
January 28, 2022Users will be able to access information about their prepaid deposit accounts from mobile applications of any FI offering open banking.
July 30, 2021A new committee has been formed with FinTech Australia to facilitate discussion on enhancing fintech firms' access to the eftpos network.
July 28, 2021The plan is to allow regulated banks and fintechs to open accounts at the ECB so they can offer digital euro wallets to customers.
July 16, 2021The extensions will help Singaporeans continue to acquire in-demand skills and encourage FIs and fintechs to retain and upgrade staff capabilities.
June 28, 2021The FSC will introduce new measures later this year to increase the use of anonymised data that can be aggregated to perform data analytics.
May 28, 2021NPP participating FIs can receive payment messages formatted with additional defined data elements for payroll, tax, superannuation and e-invoicing.
May 6, 2021