“TOP READS OF THE WEEK” (for week ending 8 October)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Card critics call for credit routing scrutiny
• Visa Unveils UPC for Blockchain
• Google abandons plans to offer Plex checking accounts
• How Do I Get a Job in Crypto? Postings in Industry on the Rise
• Open Banking is finally here … it’s only taken 30 years!
• Digital bank fined by regulator due to weak anti-money laundering controls
• How AI is transforming the world of finance
• How to be cyber smart
• EC preps antitrust charge over Apple NFC chip access
• Neobank Alternative: Building a Hybrid Digital-First Bank from Scratch
• Your Dev Skills Deserve Recognition, so Hack the Email of Your Boss
• Richer data poised to become the pre-condition for cross-border payments to thrive
• JPMorgan stiffens vaccination policy
• Top global companies falling short in protecting domain security
• Companies Want FASB to Focus on Crypto, ESG-Related Rule Making
• Bitcoin, ‘Green’ Details Are Most-Requested Accounting Fixes
• Why You Should Quit Social Media Permanently
• What would persuade bank holdouts to share customer data?
• Spat erupts over postal banking pilot
• Parents’ Ultimate Guide to Cybersecurity
• BIS GM issues Facebook stablecoin warning
• Why Windows 11's security is such a big deal
• Why CEOs become communication chiefs after a cyberattack
• Companies expect surge in health care costs in 2022

From our Blog

• How to Plan and Implement an Ethics & Compliance Risk Assessment Program
• Tesla Prepares for Wider Release of Its Driver-Assistance Software
• How do carbon markets work? -The Economist
• Visa is working on a universal payment channel
• What China’s New Data Rules Mean for Tesla and Other Auto Makers
• Flags of Convenience - Bribe, Swindle or Steal Podcast
  

“TOP READS OF THE WEEK” (for week ending 1 October)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• The NSA and CIA Use Ad Blockers Because Online Advertising Is So Dangerous
• Jamie Dimon says 'you're a fool' if you borrow to buy bitcoin, and that he wouldn't care if its price increased 10 times
• U.K. Investment Banks Pay Women 56% of What Male Colleagues Make
• US extradites highly-prized hacker back to Russia
• What Does Bitcoin Mean for the Payment Industry of El Salvador?
• Should Your Web History Impact Your Credit Score? The IMF Thinks So
• Big Tech CEO Insider Trading During the First Half of 2021
• SEC chair Gensler worried ‘people will be hurt’ without crypto and SPAC regulations
• Visualizing the Rise of Cryptocurrency Transactions
• New York Fed researchers design climate stress test for banks
• Lazard associates are now the highest paid on Wall Street after a pay bump raises the base salary to $200,000
• Don't hold your breath for a US CBDC
• AB InBev CFO: 'You can't hide when a pandemic hits'
• Swedish university fined $66,000 for GDPR violations
• Fintech and Banking Software Firm Velmie Launches FX and Cross-Border Transfer Service in Middle East
• 4 Tech-Driven Forces That Could Bulldoze Banks Off the Map
• Mastercard to launch new BNPL service
• Wells Fargo fined $37.3M to settle DOJ foreign-exchange case
• New York Fed researchers design climate stress test for banks
• Bank Mergers Are On Track to Hit Their Highest Level Since the Financial Crisis
• Microsoft warns of new credential-stealing backdoor from SolarWinds threat actor
• In first, Japan names China, Russia and North Korea as cyberattack threats
• WhatsApp to help rural, cooperative banks accelerate digital banking adoption
• How Yahoo Built a Culture of Cybersecurity
• Central banks and the BIS explore what a retail CBDC might look like
• What China’s new data privacy law means for US tech firms

From our Blog

• How to Plan and Implement an Ethics & Compliance Risk Assessment Program
• The Frequency of Payroll Payments at U.S. Small Businesses
• What China’s New Data Rules Mean for Tesla and Other Auto Makers
• Flags of Convenience - Bribe, Swindle or Steal Podcast
• Why China’s Evergrande Has Global Markets on Edge

“TOP READS OF THE WEEK” (for week ending 24 September)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Fed won't go it alone on CBDC
• There are new scams on mobile payment apps—and teens aren’t immune
• Companies must develop operational plan for ransomware recovery
• After 400 attacks, feds warn of Conti ransomware
• BlackRock losing 'patience' on pace of corporate ESG disclosure
• Deutsche Bank Explored Wells Fargo Custody Deal Before Fed Snub
• Credit Suisse charges investors to prop up Greensill Capital
• After years of being 'squeaky clean,' the Federal Reserve is surrounded by controversy
• U.S. cash payment kiosks rise despite digital age
• Companies must develop operational plan for ransomware recovery
• Corporate credit rebounds from record slump: Fitch
• The beguiling promise of decentralised finance
• Opinion | Do We Need to Shrink the Economy to Stop Climate Change?
• Record $15 Billion SPAC Merger Just Happened For A Technology You've Never Heard Of
• NY Fed vice president urges industry to move faster on Libor transition
• Funding for fintechs: patterns and drivers
• Recently reported Microsoft zero-day gaining popularity with attackers, Kaspersky says
• Finance industry warns against 'unnecessarily restrictive' crypto capital rules
• How buy now, pay later became a $100 billion industry
• Banks Oppose Strict Basel Rules Targeting Cryptocurrencies
• Trump Organization CFO appears before New York Supreme Court
• Forward Thinking on artificial intelligence with Microsoft CTO Kevin Scott
• EBA paves the way for tighter scrutiny of digital platforms
• US government ready to roll out the big guns against crypto ransomware payments
• In era of quick-fire bosses, Wall Street embraces the 'forever CEO'
• Web hosting cybersecurity concerns

From our Blog

• The Evergrande Crisis Intensifies
• The Inside Story of the Ship That Broke Global Trade
• Ray Dalio on Evergrande, China, Bitcoin and the Fed
• Evergrande - A Simple Explanation And Thoughts from the "Uneducated Economist"
• Cybercrime Rising on Telegram? & SEC Seeks Crypto Regulation

Cybercrime Rising on Telegram? & SEC Seeks Crypto Regulation

Boom Bust - New reports from the Financial Times and Cyberint have shown that cybercrime is on the rise on the encrypted messaging platform Telegram. Boom Bust's Ben Swann brings us up to speed on the investigation and what it means for the service. (1:01) Then we turn to the ongoing labor shortage in the United States as the restaurant industry continues to bear the brunt of it. RT's Sayeh Tavangar brings us an on-the-ground report from the struggling sector. (6:28) And SEC head Gary Ginsler has called for greater control of the cryptocurrency industry this week on Capitol Hill. Boom Bust's Christy Ai and Jeffrey Tucker of the Brownstone Institute weigh in on the fintech's legal grey area. (16:21) 

 

“TOP READS OF THE WEEK” (for week ending 17 September)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• At Fault or Default? Lessons in Leadership We Can Learn from the Collapse of Kabul
• JPMorgan's UK digital bank set to launch Tuesday
• IOSCO calls on asset managers and intermediaries for stronger AI and ML processes
• Pandemic-led AP workarounds unfit for future of hybrid working, adviser warns
• McKinsey on Risk, Number 11, August 2021
• 8 Helpful Everyday Examples of Artificial Intelligence
• How do Mid-Sized banks compete with Fintech
• Bank of America to scrap CMO role after top marketer leaves this year
• JPMorgan to buy majority stake in Volkswagen's payments business
• 'Big game hunters': Ransomware groups target their perfect victim
• Bank of America names new CFO, adds 3 women to senior management
• Eight Emerging Technologies That Are Shaping FinTech Industry In 2021
• Gartner: AI is moving fast and will be ready for prime time sooner than you think
• Alipay break-up is power grab by China's government
• Apple releases emergency patch to protect all devices against Pegasus spyware
• Advantages and Disadvantages of Artificial Intelligence: How To Use AI in Your Business
• FiVerity: The Outsized Value Of Collaboration In The Fight Against Cyber Fraud
• WFH is a cybersecurity "ticking time bomb," according to a new report
• Banks delay return to office as delta variant surges
• Boards rethink incident response playbook as ransomware surges
• Cryptocurrency Payment Gateways to The Future
• How Digital Transformation Is Revolutionizing Digital Finance
• Crypto Kid Fraudster Gets 7 1/2-Years for Ponzi Scheme
• U.S. cash payment kiosks rise despite digital age

From our Blog

• Apple’s Big September News - iPhone 13, Apple Watch Series 7 and iPad Mini
• Hundreds of iPhones Are in ‘Ted Lasso.’ They’re More Strategic Than You Think
• China Seeks to Break Up Alipay, Separate Loan Business
• Why Your Uber and Lyft Rides Are So Expensive

“TOP READS OF THE WEEK” (for week ending 10 September)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Amazon takes Visa battle to Australia
• Regulators Investigate Crypto-Exchange Developer Uniswap Labs
• SPAC IPOs plunged 87% during Q2 amid tougher SEC scrutiny
• The SEC Is Serious About Cybersecurity. Is Your Company?
• What Traditional Banks Can Learn From Fintech Apps’ Explosive Growth
• One size does not fit all: the Rubik’s Cube of banking
• Cross-border payments set to soar as the world begins to emerge from lockdown
• Developing Real-Time Payment Capabilities
• The future of payments in the Middle East
• The Latest Trends in Artificial Intelligence (AI) and Machine Learning (ML)
• WhatsApp fined $235,000 by Turkey over alleged data breach
• 97% of Banks Miss These 9 Broken Journeys
• Crypto’s Rapid Move Into Banking Elicits Alarm in Washington
• Bitcoin Faces Big Test as El Salvador Makes It Legal Tender
• FinTech–shaping the future for the better (Part-II)
• Wallets Are Over. Your Phone Is Your Everything Now.
• SEC fines Kraft Heinz $62M, says procurement misled finance team
• After years of inaction against adtech, UK’s ICO calls for browser-level controls to fix ‘cookie fatigue’
• Amazon takes Visa battle to Australia
• What ransomware negotiations look like
• Remote workers complicate CFOs' state sales tax compliance
• Top Performing Artificial Intelligence (AI) Companies of 2021

From our Blog

• What El Salvador's Bitcoin Experiment Looks Like
• What are the Potential Pitfalls for Merchants Offering BNPL?
• Apple Store vs. Repair Shop: What the Right to Repair Is All About
• SEC sets its sights on the crypto “Wild West”
• Why China’s Tough Stance on Crypto Mining Is a Boon for Miners Elsewhere...

What are the Potential Pitfalls for Merchants Offering BNPL?

In this episode of Truth in Data, PaymentsJournal discusses potential pitfalls for merchants offering BNPL.

“TOP READS OF THE WEEK” (for week ending 3 September)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Why a ban on ransom payments will not work
• The Colonial Pipeline Ransomware Hackers Had a Secret Weapon: Self-Promoting Cybersecurity Firms
• Bank Of America Is Losing Its Grip On Millennials As Fintechs Reinvent The Checking Account
• What Insurance Firms Promised at White House Cybersecurity Summit
• Are global investors finally rising to the ESG challenge?
• For bank regulators, tech giants are now too big to fail
• Amazon taps Affirm for installment financing
• Crypto ATMs multiply despite challenges to the currency
• Bank regulators issue guidance on partnering with fintechs
• 10 Factors That Will Determine Banks' Future Relevance
• Madoff trustee can seek $343M clawback against Citi, court says
• U.S. banks give embedded finance a whirl. Will it catch on?
• Crypto platforms need regulation to survive, says SEC boss
• Fed finds businesses eager for faster payments
• A Very Brief History Of The Driving Factors Behind Cybersecurity
• PayPal's About to Take On Robinhood
• Unravelling Open Banking’s Complexities

From our Blog

• Apple Store vs. Repair Shop: What the Right to Repair Is All About
• SEC sets its sights on the crypto “Wild West”
• Why China’s Tough Stance on Crypto Mining Is a Boon for Miners Elsewhere...
• The Most Commonly Experienced Types of Fraud
• What is net zero?
• New Online Course - Understanding Environmental, Social, and Governance (ESG)

“TOP READS OF THE WEEK” (for week ending 27 August)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Bank of America nets record 227 patents in first half of 2021
• How Will Banking Respond to Embedded Finance Model?
• Consumer dissatisfaction with credit cards continues to rise
• How much does phishing really cost the enterprise?
• Crypto ATMs multiply despite challenges to the currency
• Are global investors finally rising to the ESG challenge?
• Phishing Costs Nearly Quadrupled Over 6 Years
• Cybersecurity: These two basic flaws make it easy for hackers to break into your systems
• Can legacy banks stay relevant with banking as a service?
• Blockchain: A Neat Example of the Ingenuity of Contemporary Fintech Solutions
• Anti-fraud niche in payments thrives as e-commerce climbs
• Consumer dissatisfaction with credit cards continues to rise
• SEC challenged in court over Nasdaq rule requiring board diversity
• Why most companies don't understand speed is vital to cybersecurity
• How to manage treasury operations safely and securely in the digital age
• California Fintech MovoCash Expands Fund Transfer Options with Assistance from Fiserv
• Anti-fraud niche in payments thrives as e-commerce climbs
• What the DOJ’s Involvement in Cyberattacks Means for the Future of Ransomware
• Klarna tallies 20M US customers

From our Blog

• Why China’s Tough Stance on Crypto Mining Is a Boon for Miners Elsewhere...
• The Most Commonly Experienced Types of Fraud
• What is net zero?
• "Thieves of State": Sarah Chayes on Afghanistan
• New Online Course - Understanding Environmental, Social, and Governance (ESG)
• Should we be worried about technology?

“TOP READS OF THE WEEK” (for week ending 20 August)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Bitcoin’s Increasing Value Is Its Real Failure
• The Fundamental Role of Payments is Rapidly Evolving
• Infrastructure Bill Threatens the Value of Cryptocurrencies
• Top 5 ransomware operators by income
• Say Good-Bye to the Payment Card Magnetic Stripe
• State Street to vacate NYC offices amid shift to hybrid work
• BlackBerry teams with Car IQ for in-vehicle payments
• Q&A with Amazon Alexa chief Rohit Prasad on the future of ambient computing
• Why CFOs speak to the press (and whether they should)
• Coinbase CFO amassing cash to weather 'crypto winter'
• FX risk: Identifying exposure through a Currency Map
• How much does phishing really cost the enterprise?
• Up to 83M IoT devices at risk of remote access
• Is Mobile banking really out performing Traditional banking in developing economies — Part 1
• PayPal drops BNPL late fees worldwide
• Payments called 'dominant driver' for fintech investment: KPMG
• Facebook Plays the Underdog
• 5 FinTech companies from the Nordics making an impact
• Fintechs much more likely to be linked to suspicious PPP loans, study finds
• Why bitcoin entrepreneurs are flocking to rural Texas - The Guardian
• Consumer dissatisfaction with credit cards continues to rise
• Realizing IoT’s potential with AI and machine learning
• Senators raise privacy concerns about Amazon One

From our Blog

• Apple’s Software Chief Explains ‘Misunderstood’ iPhone Child-Protection Features
• Why China’s Tough Stance on Crypto Mining Is a Boon for Miners Elsewhere
• "Thieves of State": Sarah Chayes on Afghanistan
• New Online Course - Understanding Environmental, Social, and Governance (ESG)
• Should we be worried about technology?
• ESG may sound like a PR spin, but you can't dismiss it

 

“TOP READS OF THE WEEK” (for week ending 13 August)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Banks delay return to office as delta variant surges
• Insider risk surges as resignations mount
• Chinese Threat Actors Use Webdav-O Virus to Exploit Federal Agencies in Russia
• Billions of Dollars Later, the U.S. Government Remains as Hackable as Ever
• SEC Brings and Settles First Case in Crypto-Linked DeFi Sector
• Circle seeks national charter to start digital currency bank
• ZenBusiness launches money-management app
• Plaid settles class-action lawsuit for $58 million
• How human instinct can interfere with cyber crisis response
• A Look Into Brazil's Booming Fintech Scene
• Behind the scenes: A day in the life of a cybersecurity "threat hunter"
• Should healthcare organizations pay to settle a ransomware attack?
• Web hosting cybersecurity concerns
• Citi requires vaccines for employees returning to offices
• Amazon strikes back at Visa fees with surcharge
• How ‘Single-Platform’ Tech Solutions Are Shaping the Future of Banking
• Ares CFO-COO fired for inappropriate conduct
• JPMorgan Piloting Real-Time Payment Service
• 55% of the world’s top 100 banks reportedly have crypto and blockchain exposure
• Chinese Cyberattack Targeted Dozens of Israeli Public and Private Organizations
• Citi seeks to pair banks and small businesses
• Banks, finance firms brace for 'recharged' U.S. consumer bureau; fintech, pandemic abuses are priorities
• BlackBerry teams with Car IQ for in-vehicle payments
• Ex-director seeks to stall $2 billion Paytm IPO, company calls it harassment

From our Blog

• Should we be worried about technology?
• ESG may sound like a PR spin, but you can't dismiss it
• Could digital currencies put banks out of business?
• An Introduction to Environmental, Social and Governance (ESG) Criteria - New Online Course
• What if bitcoin went to zero?

“TOP READS OF THE WEEK” (for week ending 30 July)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Visualized: The Biggest Ponzi Schemes in Modern History
• The Emerging Paths Of Quantum Computing
• Neobank HMBradley shifts to invite-only, seeks more partner banks
• How 3 critical infrastructure security executives manage vulnerabilities
• Swift takes on low-value cross-border payments
• FX risk: Identifying exposure through a Currency Map
• Should employers pay for home internet during remote work?
• Fiserv, Goldman strike pact on cross-border payments
• A new leaf for the bank branch
• Mobile wallet use projected to surge
• OT cyberattacks could threaten human safety by 2025: Gartner
• Solving Big AI’s big energy problem
• Payment fintechs attract record $5B
• Ransomware, supply chain attacks put cyber insurers on notice
• Biden Directs Agencies to Develop Cybersecurity Standards for Critical Infrastructure
• Simplifying Small Business Payments
• Data-breached companies face higher bank lending costs
• PayPal builds services as EBay breaks away
• Google Pay taps Marqeta for virtual card
• Data breach costs hit record high due to pandemic

From our Blog

• What New ATM Transaction Types are Consumers Interested in?
• Carlos Ghosn: the rise and fall of a superstar CEO - FT Film
• SWIFT Go - near real-time cross-border payments
• How TikTok's Algorithm Figures You Out - WSJ

“TOP READS OF THE WEEK” (for week ending 23 July)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Need to Fit Billions of Transistors on a Chip? Let AI Do It
• The DeFi Hype: Why it matters
• London fintech funding soars in first half of the year
• Banks demand high bar for fintech access to Fed services
• Wells Fargo lays out two-wave strategy for office return
• Why cybersecurity keeps payments executives up at night
• REvil vanished from the internet. But ransomware attackers never fully disappear
• Yellen urges regulators to 'act quickly' on stablecoins
• Visa makes another big bet on fintech, buying UK payments start-up Currencycloud
• Cybersecurity risk: The number of employees going around IT security may surprise you
• How Compliance Professionals Should Shape AI Regulations in Finance
• "Never Trust, Always Verify": Why Your Business Needs to Adopt Zero Trust Principles for Cybersecurity
• Data breach fears cloud optimism as open banking expands
• How to keep business operations running after a cyber incident
• Apple Pay Later's Target: Startups Or Issuers?
• Failed payments cost North American banks $33.7B in 2020: report
• Biden administration readies 3 initiatives to curb ransomware
• Neobank HMBradley shifts to invite-only, seeks more partner banks
• Card companies go green, but hurdles remain
• Cybersecurity is the next frontier for AI and ML
• 8 Fintech Trends Changing Banking Forever

From our Blog

• Consumer Adoption of Voice-Activated Payments is Tepid
• Why Microsoft keeps beating Apple and Google with Windows
• Ranking the Top Used Payment Services for Online Shopping
• Facebook Pay’s Expansion Plans Might Get No ‘Likes’ From Big Tech Rivals
• COVID-19 and its Impact on the Asia Pacific Commercial Credit Card Market

“TOP READS OF THE WEEK” (for week ending 16 July)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• NFTs - A hype or a lasting new investment asset class?
• CBDCs could give 'clean slate' for cross-border payments, BIS report says
• 'Black Swan' author Nassim Taleb says bitcoin is worth zero and fails as a currency and a hedge
• As SPAC Deals Fade, Banking And FinTech IPOs Step Into Listings Spotlight
• Visa rolls out BNPL for merchants
• PMorgan Suggests Adoption of Bitcoin as Legal Tender Might Break Bitcoin and Hurt El Salvador
• CFPB fines home improvement fintech GreenSky $2.5M, orders $9M in refunds
• China says measures applied to Ant Group to be imposed on other payment firms
• Iranian Hackers Posing as Scholars Target Professors and Writers in Middle-East
• Citi's Q2 profit jumps more than fivefold, but revenue slumps
• Want to quickly recover from ransomware? Plan ahead
• Wells Fargo charges ahead to $6B Q2 profit
• Bank of America's Q2 profit soars as low interest rates dent revenue
• JPMorgan's Q2 profit more than doubles amid slight drop in revenue
• Private credit joins private equity to freeze out banks
• Intuit's new Quickbooks card-reader joins the POS payments fray
• Behind the Firewall: How 6 security execs screen vendors

From our Blog

• Fintechs are becoming part of the establishment
• Using CBDCs for enhanced cross-border payments
• The end of Chinese Bitcoin mining
• Apple Working On 'Apple Pay Later' Monthly Installment Offering
• Non Fungible Tokens - a comprehensive overview

Fintechs are becoming part of the establishment

Fintechs are inexorably gaining critical mass: their value has risen to $1.1trn, equivalent to 10% of the value of the global banking and payments industry, and up from 4% in 2018. Prices may be stretched today and some firms may flop, but in the long run it seems likely that this share will only rise further.
Firms’ expansion plans and investors’ search for returns bring a blizzard of deals and listings.

What are the main trends? Who are the big players? Where is fintech heading?

Answers to this and more in The Economist's "Investment in fintech booms as upstarts go mainstream"

“TOP READS OF THE WEEK” (for week ending 9 July)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Banks prepare for 2021's second act with office-return, banker-pay pledges
• Cloud targeted in widespread brute force campaign
• Cybersecurity Ignorance Is Dangerous
• Risk management rises to No. 1 accounting priority during pandemic: ACCA
• Wells Fargo shuts down personal lines of credit
• Bank of America becomes last US SIFI to make crypto push
• Kaseya: What's known (and unknown) about the ransomware attack
• Tech savviness soars following pandemic but personal touch still key to customer experience
• If open banking were a colour - it would be green
• DeFi Is Ready to Disrupt Fintech
• World’s First Mobile Banking Service for Migrants MAJORITY Expands to the US
• Chime, Current lead U.S. banking app downloads in first half of 2021: report
• Paysafe builds up online betting, gaming payments systems
• Crypto exchange Binance responds to Barclays move to halt payments
• The pandemic pushed us toward a cashless economy. It could be the new normal
• Clash over debit card routing persists in comments to Fed

From our Blog

• Regulating digital payment services and e-money
• Could digital currencies make money more fragile?
• Could digital currencies put banks out of business? - The Economist
• Robinhood Warns of Meme Frenzy & Britain Wins Key Tax Exemption
• Facebook Rolls Out Live Audio Rooms, Its Competitor To Clubhouse

Regulating digital payment services and e-money

Improvements in technology, coupled with growing demand for digital payment methods, are increasingly reshaping the way payments are made. Non-bank institutions now offer a wide range of retail payment services. This raises the question of where the regulatory perimeter should be drawn. Financial authorities now face the task of deciding whether the risk profile of different payment services are appropriately reflected in their regulatory frameworks. A sound understanding of the regulatory approaches in other jurisdictions contributes to this assessment.

Johannes Ehrentraud, Jermy Prenio, Codruta Boar, Mathilde Janfils and Aidan Lawson have had a paper published by the BIS' Financial Stability Unit entitled "Fintech and payments: regulating digital payment services and e-money".

Download an read it HERE.