Nasser Hakimi
Nasser Hakimi
Monday, April 16, 2018

European Fintech Standards Under Consideration

Monday, April 16, 2018

European Fintech Standards Under Consideration

The Central Bank of Iran is expected to announce its regulatory framework for fintechs in the coming months and according to the regulator's deputy for innovative technologies, European standards are being eyed as the ideal benchmark.
"Implementing European regulations such as PSD2 will require legal support [from CBI] and our ideal standard is to match the European Union framework and notify this as a regulation to the banks," Nasser Hakimi also told IBENA.
PSD2 (payment services directive) is an EU directive administered by the European Commission, EU's executive Cabinet, to regulate payment services and payment service providers throughout the EU and European Economic Area for boosting competition and increasing participation in the payment industry by non-banks.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/5Jf5b1
  1. https://goo.gl/6p1utM
  • https://goo.gl/MPVL5d
  • https://goo.gl/XkQrNz
  • https://goo.gl/UhbLt6
  • https://goo.gl/VaUwgM

You can also read ...

Stadler Rail’s business with Iran is worth billions of Swiss francs.
In early March, the Swiss Embassy in Tehran gladly announced a...
Iran to Increase Exports to US Despite Sanctions
A senior Iranian trade official has announced that the country...
Grab Clinches Deal With HSBC
Ride-hailing startup Grab has secured a $370 million five-year...
Gov’t Limits  Forex Supply  to Importers
The government has curbed the allocation of foreign currency...
Trends in Housing Sales, Rents
The Statistical Center of Iran has presented crucial data...
Iran Proposes to Set Up IMO Offices in West Asia
The Ports and Maritime Organization of Iran has announced its...
Audi CEO Arrested Over Diesel Scandal
Audi CEO Rupert Stadler was arrested in Munich on Monday in...
Over 2.55 billion shares worth $169.2 million were traded at TSE on June 18.
Tehran stocks showed no signs of backing down on their rally,...

Add new comment