The EU Commission’s FinTech Action Plan was clear – Europe needs more globally competitive innovation hubs. This is a sore spot for the bloc, since the UK’s imminent departure may cut Europe off from London, the fintech capital of the world, with all its talent, technological infrastructure and finance. Europe has its fair share of regional fintech […]
On Jan. 3, 2020, the California Consumer Privacy Act (CCPA) went into effect, ushering in the strongest consumer data protections in the U.S. With the General Data Protection Regulation (GDPR) and the revised Payments Services Directive (PSD2) humming along in Europe, open banking is overtaking the financial world just as consumer data law gets muscular. While the new regulations […]
The Turkish Government has passed new legislation paving the way for the introduction of Open Banking and full compliance with PSD2. The rules pass on responsibility for co-ordinating the shift to Open Banking to the Central Bank of Turkey and establish a Union of Payment and Electronic Money Institutions of Turkey. The move has been […]
