PSR publishes minutes from November 2017 board meeting
The Payment Systems Regulator (PSR) has released the minutes of its board meeting held on 22 November 2017. The minutes record discussions of: authorised push payment scams, ongoing work establishing the New Payment Systems Operator, direct debit facilities management, the PSR's regulatory fees, and the PSR's 2018/19 action plan.
PSR, 7 February 2018
Digital currency ban on some credit cards
A number of UK and US credit card issuers have banned customers from using credit cards to buy digital currencies.
BBC, 5 February 2018
ESAs warn consumers on virtual currencies
ESMA, the EBA and EIOPA have together warned consumers of the high risks of buying virtual currencies, following earlier warnings by ESMA and the EBA.
ESMA, 12 February 2018
Infographic on the final RTS for strong customer authentication and PSD2
The European Payments Council has created an infographic to clarify the main principles of and key players related to the final Regulatory Technical Standards (RTS) for strong customer authentication (SCA) and common and secure open standards of communication under the revised Payment Services Directive (PSD2). More than two years after the European Banking Authority started to work on their principles, and following the publication by the European Commission of a final version in November 2017, the RTS on SCA and CSC are currently being scrutinised by the European Parliament and the European Council. If neither of the institutions object to the text, the RTS will be published in the Official Journal of the European Union by the beginning of March 2018. They would then apply in September 2019, leaving 18 months for the payment industry to prepare.
EPC, 12 February 2018
The Pulse of Fintech – Q4 2017 - KPMG
KPMG has published its quarterly analysis of global investment trends in the fintech sector, highlighting key fintech deals, issues and trends including: fintech market resilience; corporates leveraging fintech to expand into adjacencies; a shift of focus to B2B; and regulatory responses to fintech in different regions.
KPMG, February 2018
The Forbes Fintech 50 For 2018
In Forbes' third edition of the “Fintech 50”, a list of the top 50 financial technology companies globally of 2018, eleven of the companies listed use Blockchain technology or are connected to the cryptocurrency industry. Forbes' site has a separate article breaking down the influence of Blockchain and crypto companies that made the Fintech 50 list.
Forbes, 13 February 2018