“Access to technical interfaces is now a key competitive factor for payment systems,” said a spokeswoman for the Association of German Banks. “The same conditions should apply to all market participants.”
“I want us to be the model jurisdiction in the world for how we are dealing with digital platforms,” said Australian Prime Minister Scott Morrison. “We have regulation and restrictions that were written for an analog economy.”
In a Senate Hearing, lawmakers on both sides of the aisle pushed the companies to let the police and other authorities access personal data that lies behind encryption on devices and technology platforms.
Regulations.gov -- normally a vast hive of U.S. regulatory activity and the portal for making comments in response -- lost its security certificate. Users attempting to visit the site received warnings from their own browsers or networks that...
The concern is that banks need to comply with strict regulatory requirements to protect client data. But their industry is being infiltrated by competitors that aren’t necessarily subject to the same rules.