The Berlin Group has announced full standards support and coverage of payment schemes and (corporate) bank customer's requirements on use cases and services
After growing concerns over the impact buy now, pay later services may have on consumers, Australia's government has announced plans to regulate the sector and treat BNPL services as credit products.The Australian Financial Services Minister, Stephen Jones, announced the new regulations during his speech at the Responsible Borrowing and Lending Summit, which took place in Sydney earlier this week.According to the Fintech Times, “evidence suggests that vulnerable groups, including women, First Nations communities, and individuals with lower incomes, are disproportionately affected by certain risks within the industry.” The decision to treat BNPL services as credit products aims to address these concerns and create a level playing field for all credit providers.Overall, this move signifies a major shift in Australia's regulatory landscape
https://media.blubrry.com/paymentsjournal/paymentsjournal.com/wp-content/uploads/2023/05/Euronet-002-001-Final-Draft.mp3Podcast: Play in new window | DownloadTraditional banks are struggling to make the pivots necessary to keep up with the latest technological trends while still delivering on customers' needs
While the financial services industry has long been a preferred target of cybercriminals, the threat of cyberattacks against financial institutions has never been higher
UK-based Banfico , an Open Banking solutions provider, has partnered with Certificate Authority InfoCert , to bring security solutions to its OB Directory product
