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The continual spread of Open Banking means that regulators and merchants in various markets are becoming more aware of the critical importance of security as data speeds increase. One of the more intriguing markets moving forward with financial innovation is China, where regulators have upgraded both banking and cybersecurity rules in recent years.The rules 鈥?as with Europes regulations surrounding financial data collection and use聽鈥?are intended to keep information safe, while fostering growth for banks and merchants. Since China is one of the more dominant markets in the world, its changing rules are a matter of interest for聽both lawmakers in neighboring markets and merchants looking to expand into the country.In the latest Merchants Guide To Navigating Global Payments Regulations, PYMNTS analyzes the expansion of the Open Banking world, as well as the global i
stanley borraccia mpact of China evolving online data and security laws.Around The Data Protection And Security World China is aiming to make the rules that govern financial institutions more transparent, focusing on digital-only banks seeking to operate within its borders. Lawmakers have crafted new regulations that support these online services, while seeking to protect against fraud,
stanley italy similar to other laws issued by international regulators in countries across Europe. The aim of the laws is to facilitate financial innovation.Chinas laws are also changing the way both foreign and dome
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Earthport, a global payments company, announced Thursday it has been named by BNP Paribas to provide Automated Clearing House ACH cross-border payment services.In a press release, Earthport said that BNP Parib
stanley mugs as Fortis, a subsidiary of BNP Paribas聽and Belgiums largest bank, with annual revenues of 鈧?3 billion, will be the first to deploy the services.聽With the partnership, BNP Paribas will gain access to Earthports payments network, offering lower costs and transparent international payments. We are delighted to have reached the first stage of live deployment with BNP Paribas. This is just the start of our collaboration, and we look forward to rolling out our services across the group. Consumers and businesses expect the same ease and speed for their international payments as they get with domestic ones, said Amanda Mesler, Earthport 8216 CEO. Thats why this collaboration is focused on evolving our network and setting new industry benchmarks on predictability and transparency for our clients and their customers. The company said its bank-grade compliance and regulati
stanley mug on expertise also reinforces BNP Paribas existing risk and compliance framework, which enables BNP to provide services to new regions quickly and easily, in line with customer requirements.聽Damien Go
stanley cup dderis, head of payment networks for BNP Paribas, said, We are committed to providing the best service and options to our customers. Earthport supports us in doing this through the global reach of its payment n
