Banking
FCA and PSR probe usage and impact of digital wallets
Proportion of card transactions using a digital wallet was 29% in 2023
Parmenion adds open banking functionality to its platform
This is through a new partnership with Payit™ by NatWest
Fifth largest bank in China opens office in Dubai IFC
It’s the fifth Chinese bank to open an office in DIFC
EFAMA calls on EC to avoid applying ‘bank-like regulation’ on asset managers
Europe needs more holistic and rigorous analyses to determine where financial stability risks lie
Industry reacts as the FCA fines Barclays £40m
Both parties ‘appear to have drawn a line under the matter’