The EU has a lot to consider as it mandates banks to offer instant payments. First introduced in 2017, Single Euro Payments Area (SEPA) instant...
U.K. authorities have outlined a vision for the future of open banking in the country. The Joint Regulatory Oversight Committee (JROC), which is led by...
A string of fines is shining a light on anti-money laundering failures at European banks. First, the U.K.’s Financial Conduct Authority (FCA) slapped Gatehouse Bank...
Challenges in the buy now pay later (BNPL) sector vary from market to market. In countries where credit is traditionally accessed via credit cards, the...
England’s central bank is planning on gauging the resiliency of non-bank financial markets. As one of its most important protective functions, the Bank of England...
Weak sales have driven a wave of retail closures across Europe. In October, for example, Germany’s Federal Statistical Office reported a 2.8% decline in retail...
Card payments now account for nearly 90% of all retail transactions in the U.K. The findings from the British Retail Consortium’s (BRC) 2022 Payments Survey...
The U.K. government will bring forward a CBDC consultation “in the coming weeks.” The revelation was made by the Chancellor of the Exchequer Jeremy Hunt...
After months of debate, the U.K.’s crypto regulatory framework is taking shape. On Wednesday (Dec. 7), the U.K.’s House of Commons debated the Financial Services...