Open Banking Excellence

SEPTEMBER 27, 2024

Digital Payments in Latin America and the Caribbean (LATAC) The worldwide digital payments landscape has witnessed a remarkable transformation, with the percentage of adults making digital transactions increasing from 26% to 51% between 2014 and 2021. In 2023, the Fintech landscape experienced notable growth.

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Financial Inclusion FinTech Laws Regulations 147

Neopay

JULY 18, 2024

billion in cryptocurrency was laundered in 2022, representing a 68% increase over 2021. NFT Money Laundering: In 2021, laundering through NFTs reached $1.377 million, a 231% increase from the beginning of the year. Source : Payments Cards and Mobile The post The global impact of money laundering in 2024 appeared first on Neopay.

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The Fintech Times

JUNE 6, 2024

Since its inception in 2021, Project mBridge has involved the Bank of Thailand, the Central Bank of the UAE, the Digital Currency Institute of the People’s Bank of China, and the Hong Kong Monetary Authority. ” The post Project mBridge Reaches MVP Stage, Expands International Participation appeared first on The Fintech Times.

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Participant Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 45

Neopay

NOVEMBER 27, 2023

Legal basis, background In July 2021 the European Commission issued a legislative package with four proposals to reform the EU’s legal and institutional AML/CFT framework. The dial-in details will be communicated to those who have registered for the meeting.

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Money Laundering Consulting Finance AML 52

Finovate

JUNE 21, 2024

In a statement, the company noted that the funds raised value the company “in line” with the company’s Series D round from 2021. Ethiopia’s cabinet approved a legal framework for CBDCs. Sub-Saharan Africa African paytech Flutterwave announced plans to build a cyber crime research center in Nigeria.

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Financial Inclusion Payment APIs and Integration Legal Framework Cross-Border Payments 64

FICO

MARCH 7, 2023

The EU Sets Out the First Legal Framework for AI Regulation In April 2021, the European Commission and EU member states kicked off a coordinated plan placing Europe on a path to becoming a global leader in cutting-edge, trustworthy artificial intelligence. Credit decisions are currently classed as high-risk in this proposal.

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AI Regulations Legal Framework Non-Bank 52

Fintech News

JANUARY 17, 2024

In 2021, over 60 percent of India’s 53,000 reported cybercrime cases were fraud-related, with criminals exploiting weaknesses in digital banking and e-commerce. Ongoing behavioural monitoring post-onboarding also helps spot fraudulent accounts created using synthetic identities.

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