Jimmie Franklin

London

Finance Journalist at Vixio

Finance Journalist at Freelance

Finance journalist for a living. Politics geek, pop music aficionado and passive aggressive cyclist in my spare time. The views are mine.

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Articles

Automatic Pix Goes Live, Enabling Recurring Payments in Brazil

1 week ago | vixio.com | Jimmie Franklin

Pix, Brazil’s instant payments system, has introduced a recurring payments mechanism, aiming to simplify bill payments for consumers. Automatic Pix, which launches today (June 16), will allow users to authorise payments for recurring services, such as utility bills, school fees, gym memberships, or streaming subscriptions, so that they are paid automatically on the scheduled due date.
Pay.UK Sets Out Ideas For Reforming UK’s Payments Infrastructure

2 weeks ago | vixio.com | Jimmie Franklin

Payment system operator Pay.UK has unveiled a package of proposed reforms to the organisational framework for interbank payments, urging “radical” change to prevent the UK falling behind on infrastructure and innovation. Payment system operator Pay.UK has unveiled a package of proposed reforms to the organisational framework for interbank payments, urging “radical” change to prevent the UK falling behind on infrastructure and innovation.
EBA Recommends Enforcement Pause To Avoid PSD2-MiCA Compliance Duplication

2 weeks ago | vixio.com | Jimmie Franklin

The European Banking Authority (EBA) has issued a No Action letter aiming to reduce the risk of crypto-asset firms needing to obtain two separate licences for certain payment activities under overlapping European rules. The European Banking Authority (EBA) has issued a No Action letter aiming to reduce the risk of crypto-asset firms needing to obtain two separate licences for certain payment activities under overlapping European rules.
Norwegian Consumer Council Reports Klarna For Breaching Regulatory Requirements

2 weeks ago | vixio.com | Jimmie Franklin

In a submission to the Norwegian Consumer Authority, the consumer advocacy group has accused the Swedish fintech firm of repeatedly violating Norway’s credit marketing regulations. In a submission to the Norwegian Consumer Authority, the consumer advocacy group has accused the Swedish fintech firm of repeatedly violating Norway’s credit marketing regulations.
Enforcement Overhaul At FCA Welcome News For Regulated Firms

2 weeks ago | vixio.com | Jimmie Franklin

The UK Financial Conduct Authority’s (FCA) attempt to increase the transparency of its enforcement investigations could also speed up investigations, which experts say would be good news for the financial services sector. The updated approach, outlined in a policy statement that took effect on June 3, 2025, aims to bolster trust in the financial system, reinforce consumer protections, and enhance market integrity.
Singapore To Require Offshore Crypto Firms To Be Licensed Or Cease Operations By June 2025

2 weeks ago | vixio.com | Jimmie Franklin

The Monetary Authority of Singapore (MAS) has clarified the scope of its regulatory regime for digital token service providers (DTSPs), crypto-assets used for payments. The Monetary Authority of Singapore (MAS) has clarified the scope of its regulatory regime for digital token service providers (DTSPs), crypto-assets used for payments. The regulator issued a statement confirming that firms offering certain digital asset services to overseas customers will soon need to be licensed.
FCA Sets Out New Transparency Rules For Enforcement Investigations

3 weeks ago | vixio.com | Jimmie Franklin

The UK Financial Conduct Authority (FCA) has outlined significant changes to its enforcement rules, although it has stopped short of implementing some of the more controversial elements of its original proposal. The UK Financial Conduct Authority (FCA) has outlined significant changes to its enforcement rules, although it has stopped short of implementing some of the more controversial elements of its original proposal.
Regulate Smarter, Say European Players In Light Of Trump’s Deregulation

3 weeks ago | vixio.com | Jimmie Franklin

Despite the US leadership pushing for an increasingly deregulated financial services market, some payments players and politicians in Europe are adamant that standards being watered down is not the way to boost growth. Donald Trump’s second term as US president has reinforced many of Europe’s concerns about its payments and fintech market.
Defunct Crypto Firm Fined €500,000 By Finnish Authorities Over AML Failures

3 weeks ago | vixio.com | Jimmie Franklin

The Finnish Financial Supervisory Authority (FIN-FSA) has fined LocalBitcoins over anti-money laundering and counter-terrorism financing (AML/CTF) failures, citing widespread deficiencies in customer due diligence and identity verification. The Finnish Financial Supervisory Authority (FIN-FSA) has fined LocalBitcoins over anti-money laundering and counter-terrorism financing (AML/CTF) failures, citing widespread deficiencies in customer due diligence and identity verification.
Polish Regulator Pushes For Brussels To Drop Payments And Crypto Requirements

3 weeks ago | vixio.com | Jimmie Franklin

Aiming to reduce the compliance burden, Poland’s financial regulator has made a variety of proposals to the EU that would soften elements of key regulations affecting the payments and crypto industries. Aiming to reduce the compliance burden, Poland’s financial regulator has made a variety of proposals to the EU that would soften elements of key regulations affecting the payments and crypto industries.