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Financial data-sharing leaps ahead in the UK

Open banking—which allows consumers to link savings, budgeting and faster payments apps with their bank accounts—is leaping ahead in the UK. But consumer protection standards may need to jump to […]

No-refund complaints soar with Covid

When the UK imposed its first coronavirus lockdown on 16 March, some consumers found they couldn’t get their money back for services they had paid for but were no longer […]

How safe is e-money?

Earlier this month, the governor of the Bank of England made it clear that customers of electronic money (e-money) firms are less protected against a corporate collapse than customers of […]

ECB is preparing for digital euro

The president of the European Central Bank (ECB), Christine Lagarde, says Europe is falling behind in the global money race and may soon launch a new digital version of the […]

UK fractures EU fintech consensus

In 2000 the European Union published its first electronic money directive—showing remarkable foresight about the potential future growth of digital payments. Europe’s early introduction of comprehensive rules for e-money has […]

Hard assets hit new highs

The slump in the US dollar is beginning to accelerate. The gold price leapt to a new all-time high in early trading on Monday 27 July, with silver and bitcoin […]

Twitter hack leads to coinjoin spat

Wednesday’s dramatic Twitter hack has led to a spat between a firm of cryptocurrency investigators and a provider of bitcoin privacy software. More than a fifth of the funds raised […]

No easy fix for remittance costs

There’s no easy way to address the frictions affecting global money flows, says the Committee on Payments and Market Infrastructures (CPMI), which looks after the safety and efficiency of the […]

Breaking tech platforms’ grip

A European data market will help break the grip of large digital platforms like Facebook, Google, Apple and Amazon, says Michael Salmony, our guest on the latest New Money Review […]