The Fintech Times

JUNE 6, 2024

The platform now invites further international participation and private sector proposals for value-added solutions. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing. In 2022, a pilot involving real-value transactions demonstrated the platform’s capabilities.

Participant 45

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

Fintech News

APRIL 3, 2024

This collaborative effort aims to address and mitigate the structural inefficiencies prevalent in current cross-border payment processes. The BIS plans to invite private financial institutions to participate in Project Agorá, with the IIF facilitating the involvement of the private sector.

Cross-Border Payments 122

Cross-Border Payments Cross-Border Central Bank Federal Reserve 122

The Fintech Times

FEBRUARY 21, 2024

Furthermore, Asia is proactive in implementing the necessary legal frameworks to support these advancements. Unlike the EU, which benefits from uniform regulations and a shared legal framework for its member states, Asia presents a tapestry of diversity with no overarching structures.

APACS 59

APACS Legal Framework Finance Cross-Border 59

Fintech News

FEBRUARY 14, 2024

The guide provides a practical toolkit for the industry, leveraging expert opinions from various stakeholders to explore the role of banks in digitalization initiatives, legal frameworks, international standards and innovative technologies.

Finance 122

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 122

Segpay

MAY 1, 2024

Its legal framework is designed to enhance the operational resilience of all digital service providers, including payment service providers (PSPs), that operate in the European Union (EU). DORA’s Main Pillars Digital services providers, including PSPs, must adhere to ensure compliance with the framework.

Compliance 52

Compliance Cybersecurity Procedures Risk Management 52

FICO

JUNE 19, 2023

One firm, for example, describes itself as the “Ikea of collections” and addresses its customers by their first name. Both are within the same legal framework, but the perception of what is allowed and what is not is different. This is also effective because it does not put customers in a defensive attitude.

Automation 52

Automation Legal Framework Legal Consulting 52

Clearly Payments

FEBRUARY 8, 2024

By enforcing compliance with legal frameworks, regulation not only upholds the integrity of the financial system but also safeguards national security interests. They establish rules, standards, and fees for participating financial institutions and merchants.

Regulations 87

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 87