A proposed new California bill, AB 1525, would give banking institutions and accountants the green light to work with cannabis businesses. The bill will be addressed when lawmakers return this week, according to Bloomberg, and it proposes to allow financial services, including public accounting services, to...
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. PYMNTS’...
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...
With nearly 50 percent of the Latin American population unbanked, there's a growing appetite for mobile banking services. And the ongoing pandemic is only accelerating this trend, says Paula Arregui, chief operating officer for Mercado Pago. In the latest Merchants Guide To Navigating Global Payment...
Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. The European Union’s financial authorities are monitoring how the pandemic may be affecting banks’ and FinTechs’ compliance with rules such as the General Data...
The nation’s banks hoping to use COVID-19 as an excuse to shutter branches or get permanent concessions from regulators better think again, the Financial Times reported. Brian Brooks, Acting Comptroller of the Currency, an independent agency within the U.S. Department of Treasury, told the newspaper...
Keeping up with customers’ shifting behaviors and preferences amid changing regulations is a familiar challenge for today’s small- to medium-sized businesses (SMBs), but the pandemic’s impact on the scale of digital payments has steepened the learning curve for these merchants. SMBs around the globe are...
The pandemic has accelerated consumer preferences for contactless payments, leaving merchants scrambling to process higher volumes while remaining compliant with rules for strong customer authentication (SCA). In the latest Merchants Guide To Navigating Global Payment Regulations, Maha El Dimachki, head of payments for the U.K....
Numerous regulators had discussions over the years about tightening supervision on Wirecard or adding it to a list of potential subjects for more investigations, but all decided against it, Reuters reports. That was all before the company’s current implosion over a scandal about a missing...
