The Fintech Times

NOVEMBER 2, 2024

King Jigme Khesar Namgyel Wangchuck serves as the head of state, while Prime Minister Lotay Tshering leads the government. Now in its twelfth iteration (2018-2023), Bhutan’s development approach remains shaped by its unique Gross National Happiness philosophy. Economic development began with the First Five Year Plan in 1961.

Financial Inclusion 69

Financial Inclusion Technology FinTech Credit Cards 69

The Fintech Times

NOVEMBER 12, 2024

Banking accessibility also appears to be on the rise, while foreign direct investment (FDI) levels have also grown, thanks to the launch of major digital wallets (including Apple Pay and Google Pay ), as well as various government initiatives.

FinTech 59

FinTech Audit Non-Bank ISOs 59

Fintech News

FEBRUARY 25, 2024

This recommendation comes after a thorough evaluation of Zipmex’s operations, highlighting concerns regarding the company’s compliance with legal financial standards and the sufficiency of its management structure. 2561 (2018), has enforced a continued suspension of Zipmex’s operations.

Legal 117

Legal Returns On-Demand Laws 117

VISTA InfoSec

SEPTEMBER 30, 2024

The GDPR, which came into effect on May 25, 2018, introduced the requirement for certain organizations to appoint a DPO. Additionally, to note not every organization is legally required to appoint a DPO, but there are specific circumstances outlined in GDPR where it becomes mandatory. Also Read : CCPA Compliance Guide 2.PIPEDA

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

The GDPR, which came into effect on May 25, 2018, introduced the requirement for certain organizations to appoint a DPO. Additionally, to note not every organization is legally required to appoint a DPO, but there are specific circumstances outlined in GDPR where it becomes mandatory. Also Read : CCPA Compliance Guide 2.PIPEDA

CCPA 130

CCPA Privacy Laws Data Breach 130

PYMNTS

DECEMBER 19, 2019

The effect is perhaps most pronounced in the legal profession, where payments have been done a certain way for time immemorial, and where there are also serious matters of compliance. ‘I The money transfer feature is flexible and easy, which explains why its users completed over $1 billion USD of in-app transactions in 2018.

Legal 52

Legal Settlement Checks Laws 52

PYMNTS

FEBRUARY 21, 2020

CBDCs are a digital form of traditional money issued and governed by a country’s central bank. Cryptocurrencies — like bitcoin — are “produced by solving complex maths puzzles and governed by disparate online communities instead of a centralized body,” reports said. Cash accounts for 20 percent of merchant transactions.

Central Bank 105

Central Bank Digital Currency CBDC Online and Mobile Banking 105

The Fintech Times

JANUARY 29, 2025

The Qatari government has also been proactive in supporting the growth and development of the fintech sector, notably through initiatives like the Qatar Fintech Hub (QFTH). Recognising the importance of fintech for long-term economic development, Qatar has also integrated fintech into its Second National Development Strategy 2018-2022.

FinTech 59

FinTech Central Bank Authorization Legal 59

PYMNTS

JULY 5, 2019

The government is among those whose expertise and data can add fuel to digital ID innovation efforts — and such involvement will likely to have increase over time, according to a new PYMNTS interview. And that’s where governments come in, given the ID databases they maintain. Another main goal of bringing about better digital ID?

Governance 62

Governance Government Innovation B2B 62

PYMNTS

DECEMBER 20, 2019

Retailers and other customer-facing platforms adapted alongside the internet to offer these payment innovations, but legal firms still view many of these methods with trepidation. Legal disbursements are tricky, even for the simplest of payouts, because they need full verification before going to potential claimants.

Legal 52

Legal Checks Settlement ACH 52

The Fintech Times

SEPTEMBER 14, 2024

With a strong foundation in semiconductors and information technology, alongside government initiatives and a developing fintech ecosystem, Taiwan is steadily integrating digital innovation into its financial services. However, in Taiwan, cryptocurrencies are not regulated as legal tender.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

PYMNTS

JANUARY 20, 2020

45 days past due is the threshold for SMBs in India seeking clarity on large corporate and government payments. 45 days past due is the threshold for SMBs in India seeking clarity on large corporate and government payments. Below, PYMNTS unloads the latest statistics from the fight against late payments in the U.K.

Legal 94

Legal Payments B2B Government 94

Segpay

SEPTEMBER 30, 2024

Brazil: A Broad Legal Framework Brazil, the largest country in Latin America with a population of 212 million requires multi-mode verification, combining government-issued ID checks, biometric data, and parental consent, to verify a user’s age. We also look at the age verification tools that are used in the region.

Verification 111

Verification Legal Framework Laws Regulations 111

PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. Local officials are hoping to use blockchain to improve public services and boost transparency. On the federal level, the U.S.

Governance 52

Governance Government Blockchain Central Bank 52

Fintech News

FEBRUARY 25, 2024

As a result, the authorities are investigating the firm for potential fraudulent trading under the Insolvency, Restructuring and Dissolution Act 2018, alongside violations of obligations under the Financial Services and Markets Act 2022 and the Payment Services Act 2019.

Authorization 107

Authorization Laws Business Day Compliance 107

PYMNTS

FEBRUARY 2, 2021

To an extent, that same spirit and intention is behind the recent spate of government approvals for online gambling. While most people have played an office Super Bowl or March Madness pool, Hodges said that legal, regulated betting on sporting events has largely been a cash market enterprise that was the domain of black market bookies.

Instant Payments 105

Instant Payments Payments Legal Regulations 105

PYMNTS

FEBRUARY 13, 2019

million in 2018 — up nearly 8 percent from $247 million in 2017. In October, the agency said that marijuana business licenses comprised 77 percent of all new licenses in the first half of 2018. In comparison, California ‘s marijuana market has struggled since sales began in January 2018. billion the previous year.

Credit Union 62

Credit Union Legal Regulations Economy 62

Open Banking Excellence

SEPTEMBER 27, 2024

Statistics about Financial Inclusion and FinTech in Mexico To introduce the OBE community to the opportunities in this emerging ecosystem, we have collected key statistics and insights to show the benefits Open Banking can bring to Mexico`s society, government, and economy. In 2023, the Fintech landscape experienced notable growth.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

CB Insights

FEBRUARY 22, 2018

Here we look at the pilots being implemented by big corporations, governments, and organizations. people around the world without legal forms of ID. Goldman Sachs is reportedly setting up a cryptocurrency trading desk in New York that will be running by the end of June 2018, if not earlier. What is blockchain technology?

Blockchain 78

Blockchain Distributed Ledger Technology (DLT) Cryptocurrency Legal 78

PYMNTS

DECEMBER 3, 2019

The statement provides FIs with federal data that defines the legal status of hemp, as well as the U.S. If banks have additional questions regarding the Agriculture Improvement Act of 2018 (2018 Farm Bill) and its regulations, they can contact the USDA, state departments of agriculture and tribal governments.

Suspicious Activity Report (SAR) 55

Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency 55

Fintech News

JULY 17, 2024

20) of 2018 to introduce AML/CFT obligations for VASPs, with various regulatory authorities providing specific requirements within their jurisdictions. Public-private partnerships are also crucial, allowing for the exchange of information and best practices between government agencies and crypto businesses. billion in 2024.

Money Laundering 107

Money Laundering Law Enforcement AML Non-Bank 107

PYMNTS

DECEMBER 23, 2020

government relations, according to Bloomberg. It said that about 5 percent of its posts were rejected in 2018 because they were deemed irrelevant, biased, or inauthentic. We support legal frameworks that achieve these goals.”.

Federal Trade Commission 76

Federal Trade Commission Legal Framework Laws FTC 76

PYMNTS

NOVEMBER 9, 2020

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. The decision marks a landmark moment for WhatsApp, which first launched a test run of its new Indian payment service in 2018 with an initial user base of 1 million. Regulation.

Regulations 84

Regulations Privacy Compliance Laws 84

PYMNTS

FEBRUARY 20, 2019

The legal cannabis industry is large as of the start of 2019 – and, according to most experts, it’s on track to get even larger. Worldwide legal cannabis products represented a $55 billion market in 2018, and most analysts estimate that it will have nearly tripled to reach $147 billion by 2025. Here in the U.S., Here in the U.S.,

Product 54

Product Legal Payroll On-Demand 54

PYMNTS

NOVEMBER 22, 2019

The 2018 South Dakota v. State and local governments have been figuring it out for themselves in the absence of Supreme Court guidance — and, at times, provoking businesses’ ire in doing so. Governments and businesses have recently been fighting in court over disputes regarding remote seller tax policies. Wayfair case.

Laws 63

Laws Compliance Rules Government 63

FICO

MARCH 24, 2021

The GAO Study cited in part 1 states that “retrospective review of data on imports and exports, suspicious financial activity, and legal investigations is essential to identifying patterns and anomalies in trade transactions.”. The graph below shows the trend of TBML-related SARs filed with FinCEN between 2014 and 2018.

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

The Payments Association

OCTOBER 22, 2024

The government invited the FCA to consult on the safeguarding regime in 2023. For firms that became insolvent between Q1 2018 and Q2 2023, there was an average shortfall of 65% in funds owed to clients (i.e., If the outcome of the HM Treasury PSRs Review has not been published, the FCA will now consult on its safeguarding proposals.

Consulting 88

Consulting Rules Treasury Due Diligence 88

PYMNTS

FEBRUARY 24, 2017

Possibly even a couple of other continents by 2018. In the international market, the past few weeks have also seen a number of propositions and efforts by various global governments, financial regulatory bodies and other organizations to work toward bitcoin regulation. and Minneapolis. “By

Bitcoin 77

Bitcoin Money Laundering ATM Cryptocurrency 77

PYMNTS

JANUARY 29, 2019

Paying business taxes is a key source of friction for many legal marijuana companies in the nation, particularly for companies that operate on a cash-only basis. 1, 2015 and May 31, 2018, the lawsuit stated, but the TRD denied the request. government collected approximately $4.7 million refund.

Legal 53

Legal Rules Government Governance 53

PYMNTS

JANUARY 11, 2019

Noted ccn.com: Warnings are displayed on ATM screens, stating that “virtual currencies (VCs) are not legal tender and do not have any regulatory permission or protection in India. We request you not to make transactions involving any VCs from any of your account/s. There also will not be a state-backed cryptocurrency in the offing.

Cryptocurrency 64

Cryptocurrency Non-Bank Agreements ATM 64

Neopay

FEBRUARY 27, 2025

These amendments aim at simplifying the ICT risk management framework and providing legal clarity to the market. To avoid duplication of requirements and to provide legal clarity to the market, the EBA has amended its Guidelines on ICT and security risk management.

Risk Management 52

Risk Management Risk Security Legal Framework 52

PYMNTS

FEBRUARY 14, 2020

In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. The initiative will be on hold until the government enacts new laws that would safeguard data security.

Money Laundering 82

Money Laundering Privacy Financial Inclusion Use Case 82

The Paypers

JULY 19, 2017

(The Paypers) The UK government has announced that from January 2018, surcharges for card payments will no longer be legal.

Debit Card 37

Debit Card Legal Governance Government 37

The Fintech Times

DECEMBER 13, 2023

The MENA Fintech Association, founded in 2018, has unveiled its Sustainable Fintech Report 2023. Can’t forget social and governance Many organisations can often forget about the S (social) in ESG , putting the majority of their efforts into environmental and governance programmes.

FinTech 59

FinTech Finance Governance Government 59

Segpay

DECEMBER 13, 2024

The Rising Importance of Data Privacy Regulation The implementation of GDPR in the European Union (2018) and CCPA in California (2020) marked an important shift in global data privacy standards. Companies often need to invest in security infrastructure, legal expertise, and employee training to meet these standards.

Privacy 105

Privacy Compliance CCPA Authentication 105

PYMNTS

NOVEMBER 20, 2019

government, according to a report by TechCrunch. . The company said requests were up 27 percent in 2018, as opposed to a year earlier. Uber said the increased number of requests was due to not only its company growth but a “rising interest” from governments to look at its customer data. regulators and 1.8

Law Enforcement 46

Law Enforcement Privacy Laws Governance 46

PYMNTS

DECEMBER 27, 2019

In the year ahead, the Financial Reporting Council (FRC) is set to be replaced by a more powerful regulator, the Audit, Reporting and Governance Authority, in the government’s efforts to ramp up pressure on the auditing industry. government issued a combined $56.29 In the year to April 2019, the U.K. Insolvency Service.

Accounts 52

Accounts Audit Governance Government 52