Inside FinTech

Bank of Canada now supervises the activities of payment services providers

Bank of Canada now supervises the activities of payment services providers

September 8th marked the entry into force of several provisions of the Retail Payment Activities Act1 (RPAA) and the mandate given to the Bank of Canada to supervise payment services providers (PSPs).

Canada | Articles | October 09, 2025

Payments Open Banking
Text messages and the new Texas registration requirement

Text messages and the new Texas registration requirement

On September 1, 2025, Texas amended its telephone solicitation law to include text messages and to add several new requirements, including a registration requirement with the Texas Secretary of State, plus a form of security (such as a bond) in the amount of $10,000.

United States | Articles | October 09, 2025

Data and cybersecurity
Italy’s new law on Artificial Intelligence (Law No. 132/2025)

Italy’s new law on Artificial Intelligence (Law No. 132/2025)

On September 23, 2025, Italy adopted Law no. 132/2025 on Artificial Intelligence (AI). The law will enter into force on 10 October 2025 and aims, inter alia, to complement the Regulation EU 2024/1689 (EU AI Act).

Italy | Articles | October 08, 2025

Artificial intelligence
Definition of a financial product: High Court grants ASIC special leave to appeal Block Earner decision

Definition of a financial product: High Court grants ASIC special leave to appeal Block Earner decision

On 5 September 2025, the Australian Securities and Investments Commission (ASIC) issued a media release announcing that the High Court had granted it special leave to appeal a Full Federal Court decision that a digital asset service provider did not need a financial services licence to offer a fixed-yield digital asset-related product.

Australia | Articles | September 30, 2025

Cryptoassets / cryptocurrencies / stablecoins and CBDCs
Banks outsourcing to the cloud: The economic drivers and regulatory implications

Banks outsourcing to the cloud: The economic drivers and regulatory implications

The financial services sector is becoming increasingly reliant on cloud service providers (CSPs) to fulfil its growing data processing and storage needs. Financial services providers in the United States have reportedly had the highest levels of adoption, operating 54 percent of their workloads in the cloud; and according to the European Central Bank, banks spent 13.5 percent more on cloud outsourcing in 2024 than in 2023.

United Kingdom | Articles | September 15, 2025

Data and cybersecurity
Another contract remediation exercise for EU financial entities?

Another contract remediation exercise for EU financial entities?

The European Banking Authority (EBA) is currently consulting on its draft guidelines on the sound management of third party risk (Draft Guidelines), which are intended to replace the 2019 guidelines on outsourcing arrangements (2019 Guidelines).

Global | Articles | September 10, 2025

Data and cybersecurity
Thailand’s draft AI law: A new era for governance and innovation

Thailand’s draft AI law: A new era for governance and innovation

Thailand is advancing its efforts to establish a national, comprehensive framework for artificial intelligence, with new draft legislation currently under consideration.

Thailand | Articles | September 10, 2025

Artificial intelligence
Pseudonymised data could fall outside data protection law: Introducing the “means reasonably likely” assessment

Pseudonymised data could fall outside data protection law: Introducing the “means reasonably likely” assessment

The Court of Justice of the European Union (CJEU) has delivered its judgment on case C 413/23 P European Data Protection Supervisor (EDPS) v Single Resolution Board (SRB).

United Kingdom | Articles | September 04, 2025

Artificial intelligence
Can you access your outsourced data?

Can you access your outsourced data?

Financial regulators globally emphasise the importance of financial entities being operationally resilient, which includes the ability to manage and recover from disruptions caused by their service providers. The topic receives significant attention in the financial services sector because the sector is regulated, with the aim of promoting financial system stability.

United Kingdom | Articles | September 01, 2025

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