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The Future of PSD3: What Banks & Payment Providers Should Prepare For

Fi911

Why an Upgrade is Needed PSD2, implemented in January 2018, was designed to transform the EU payments ecosystem by enhancing competition, boosting innovation, and strengthening consumer protections. Consumer Protection with stronger authentication and fraud prevention measures, such as Strong Customer Authentication (SCA).

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The National Payments Vision should mean a rethink on safeguarding

The Payments Association

It highlights the need for a strategic, proportionate approach to safeguarding that aligns with broader regulatory and consumer protection goals. Adequacy of consumer protections A second area where there should be pause for thought is whether the FCA even considers that its proposals offer the best customer protection.

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Enhancing consumer protection: FCA’s proposed changes to the safeguarding regime

Neopay

The UK’s financial ecosystem is evolving rapidly, and with it comes the need for robust safeguarding measures to protect consumer funds. These changes aim to address persistent issues in safeguarding practices and enhance consumer protection. What’s next? Need support navigating these changes?

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2018 Data Breaches: The List No One Wanted To Make

PYMNTS

According to the report, cybercrime touched nearly every sector throughout 2018, including those that may seem less obvious, like education or manufacturing — and for one obvious reason: the money. Facebook’s 2018 regarding the stewardship of user data and privacy was one it would like to soon forget. Department Store Hacks.

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From open banking to open finance and beyond: The future of financial data-sharing

The Payments Association

As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration. Ultimately, this convergence fosters a more inclusive and efficient financial ecosystem, benefiting consumers and businesses alike. What’s next?

Finance 88
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Thailand Scraps 7% VAT for Crypto Trading Indefinitely

Fintech News

In an effort to regulate the burgeoning sector, Thailand introduced a licensing framework for cryptocurrency exchanges and brokers in 2018 under the Digital Asset Business Emergency Decree. This regulatory measure enforces strict operational standards to bolster consumer protection and maintain the integrity of the financial system.

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CFTC Ups Crypto Regulation In 2018

PYMNTS

Giancarlo also revealed that the Commission had imposed fines of more than $10 million in 10 cases in 2018, compared with an average of three big-money cases a year during the Obama administration. Total fines ordered through SEC enforcement activity fell 7.2 percent in 2017 to about $3.8