10 August 2016
FinTech Company Holvi sold to BBVA
www.twobirds.com/en/news/press-releases/2016/global/fintech-company-holvi-sold-to-bbva

21 November 2016
Monetary Authority of Singapore issues FinTech regulatory sandbox guidelines
www.twobirds.com/en/news/articles/2016/singapore/mas-issues-fintech-regulatory-sandbox-guidelines

07 May 2019
PSD2/ZAG: Strong Customer Authentication and Direct Debiting Schemes
www.twobirds.com/en/news/articles/2019/germany/psd2-zag-strong-customer-authentication-and-direct-debiting-schemes

German regulator BaFin limits the application of strong customer authentication for direct debiting schemes.

17 May 2019
Liberation of Crowdfunding in germany
www.twobirds.com/en/news/articles/2019/germany/liberation-of-crowdfunding-in-germany

German Legislator reforms rules for crowdfunding allowing for broader exemption, transparency and investor protection

02 July 2019
German implementation of AMLD5: Performance of anti-money laundering due diligence by third parties under the draft bill for the implementation of Directive (EU) 2018/843
www.twobirds.com/en/news/articles/2019/germany/german-implementation-of-amld5

The German Ministry of Finance published a proposal to implement Directive (EU) 2018/843 (fifth Anti-Money Laundering Directive) into German national law. The draft proposes changes when using trusted third parties.

21 August 2019
PSD2: BaFin announces postponing SCA-rules for online credit card payments in Germany
www.twobirds.com/en/news/articles/2019/germany/psd2-bafin-announces-postponing-sca-rules-for-online-credit-card-payments-in-germany

The requirement of Strong Customer Authentication (SCA) for payment service providers was scheduled for 14 September 2019. Germany’s Federal Financial Supervisory Authority (BaFin), however, just announced it will not ...

07 May 2019
The EC puts an end to decades of competition law enforcement against interchange fees: What's next for interchange fees?
www.twobirds.com/en/news/articles/2019/global/ec-puts-an-end-to-decades-of-competition-law-enforcement-against-interchange-fees

We provide below a brief recap on the many-many years of competition law enforcement by the European Commission (EC) against interchange fees, a summary of the EC decision of 29 April 2019 related to Visa's and ...

09 April 2019
EBA publish their final report on their guidelines on outsourcing arrangements
www.twobirds.com/en/news/articles/2019/global/eba-publish-their-final-report-on-their-guidelines-on-outsoucing-arrangements

On 25 February 2019, the European Banking Authority (EBA) published their final report on their guidelines on outsourcing arrangements.

25 March 2019
Launch of the EBA Register of Payment Institutions (PIs) and Electronic Money Institutions (EMIs) under PSD2
www.twobirds.com/en/news/articles/2019/global/launch-of-the-eba-register-of-payment-institutions-pis-and-electronic

On 18 March 2019, the European Banking Authority (EBA) launched its central electronic register under the Payments Services Directive (PSD2).

08 April 2019
EU: The interplay of PSD2 and GDPR - some select issues
www.twobirds.com/en/news/articles/2019/global/eu-the-interplay-of-psd2-and-gdpr-some-select-issues

It can be argued that the principle purposes of the General Data Protection Regulation (Regulation (EU) 2016/679) ('GDPR') and the Payment Services Directive (Directive (EU) 2015/2366) ('PSD2') are in contrast with one ...