With Open Banking expanding across the EU, legacy FIs are increasingly at risk of losing customers to FinTech firms that now have access to previously siloed customer data. In the new PSD2 Tracker, Markos Zachariadis, associate professor of information systems and management at Warwick Business...
The House Financial Services Committee has scheduled hearings about the proposed merger between BB&T and SunTrust Banks, as well as the Facebook-planned cryptocurrency Libra. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In a published interview, California Governor Gavin Newsom said big tech companies in his state could soon be “steamrolled” through federal regulations. Significant changes could impact them at the federal and state levels, according to Axios. “Are they going to lead in that conversation and...
With the Strong Customer Authentication (SCA) compliance deadline less than four months away, banks are still underprepared. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
The European Banking Authority (EBA) published an opinion on strong customer authentication (SCA) under the revised Payment Services Directive (PSD2), acknowledging that implementing the new standards might be difficult for some merchants. Get the Full Story Complete the form to unlock this article and enjoy...
As tech firms such as Facebook move into the world of finance, the Bank for International Settlements (BIS) said on Sunday (June 23) that politicians need to coordinate regulatory responses to risks provided by these companies coming into the space. BIS said that the social...
Libra, the global cryptocurrency effort tied to Facebook, will be the focus of a Senate panel hearing next month, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Republican Sen. Josh Hawley of Missouri proposed a bill that would eliminate the immunity that large tech companies have from user content deemed illegal, offensive or obscene. Now, tech companies and trade groups are firing back at the senator, according to a report by CNBC. Get...
In an appearance at the Cannes Lions International Festival of Creativity, Facebook Chief Operating Officer Sheryl Sandberg said the social media platform didn’t anticipate the foreign interference that sought to disrupt the U.S. presidential election in 2016, but has since put up safeguards against misinformation....
