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'Competition in the retail banking and payments is vital to UK consumers and the wider economy. PSD2
September 25 · Issue #53 · View online
‘Competition in the retail banking and payments is vital to UK consumers and the wider economy. PSD2 builds on this by giving consumers more choice around how they manage their payments and bank accounts. It also brings in some important protections for consumers and seeks to increase the security of payments. Firms should make sure they know what’s required of them to be ready for the new regime. We will continue to monitor closely whether competition in the market improves in the interests of consumers.’
Christopher Woolard - Executive Director of Strategy and Competition at the FCA

M&A Activity
Funding Transactions
Cryptocurrency Prices
Financial Services
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RBS avoids forced sale of Williams & Glyn
Standard Bank, Africa’s Largest Bank, Joins INV
SIX Payments prepares to join M&A deal frenzy
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ABN Amro online lending startup New10 opens for business
Ant Financial Plans to Resubmit MoneyGram Application
Boerse Stuttgart launches digital ventures division
Alipay Moves to Sweden, Finland
Global banking bosses eye Brexit contingency plans at Singapore Summit
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Nets bags instant payments deal in Slovenia
Commbank adds Android Pay and Garmin Pay support
Blockchain Tops $4.5 Billion In Private Funding This Year, But Deal Growth Stalls
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SBI Ripple Asia advances on South Korea
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Aliant Payment Systems Partners with BitPay to Process Bitcoin Payments
FCA finalises PSD2 requirements
European Commission makes FinTech a priority in supervisory shakeup
How incumbent banks, particularly Swiss, can thrive thanks to GDPR and cybersecurity, even after PSD2, but need to embrace Bitcoin
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