PFS News

UK Post Office loosens cash access rules to help those self-isolating

The UK’s Post Office has this week announced new initiatives to help self-isolating individuals get quicker and easier access to cash during the coronavirus pandemic. The Post Office (PO), a […]

Central banks push contactless payments to counter COVID-19

Government authorities in a growing number of countries, including Kenya and Ireland, are taking actions to encourage contactless payments as the coronavirus pandemic escalates. The moves come as governments worldwide […]

UK Budget pledges funds for corona, infrastructure – and laws on cash access

The UK government has allocated billions to coronavirus-related spending and infrastructure projects, in a bid to keep the economy moving as growth projections for 2020 fall to 1.1%. Giving his […]

Spain readies ground for fintech regulatory sandbox

Spain’s plans to launch a regulatory ‘sandbox’ for financial technology have regained momentum as the country emerges from almost a year of political deadlock.   The Council of Ministers in […]

Swedish central bank launches e-currency pilot

Sweden’s central bank has launched a pilot that aims to test a “simple and user-friendly” digital krona, marking another step towards its plan to roll out an e-currency.   The […]

Malaysian states adopt ‘e-wallets’ to encourage online payments

A second state in Malaysia has launched its own digital wallet – or ‘e-wallet’ – as it looks to drive greater take-up of online payments. The state of Sabah, home […]

UK report: hand anonymised financial data to public trusts

A ‘data commons’ holding aggregated, anonymised financial data should be established in the UK, according to a new report by London-headquartered think tank, the Institute for Public Policy Research (IPPR). […]

UK open banking take-up doubles in six months

The number of people in the UK using ‘open banking’ technology has reached one million, according to data released this week.   The Open Banking Implementation Entity (OBIE), which was […]

UK finance authorities beef up data strategies

The UK’s Financial Conduct Authority (FCA) and Bank of England (BoE) have announced plans to transform their data and analytics capabilities, with the setting up of dedicated data science units […]

Australia delays launch of ‘open banking’ regime

The rollout of Australia’s ‘open banking’ regime has been postponed for six months over security and privacy concerns. In a statement, the Australian Competition and Consumer Commission (ACCC) said the […]