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

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

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

The Payments Association

DECEMBER 2, 2024

From safeguarding consumers against fraud to accelerating innovation in digital payments, regulators across the globe have introduced sweeping reforms aimed at addressing the challenges and opportunities of an increasingly digital and interconnected economy.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

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

PYMNTS

NOVEMBER 4, 2016

One economist described the scheme: “Real money is used to buy virtual currency, and as virtual currencies gain value, commissions and bonuses are received by users who call in other investors to participate.”. The 500-page, $5,000 applications are an attempt to offer an unequivocal legal framework for businesses to exchange in bitcoin.

Bitcoin 76

Bitcoin Digital Currency Law Enforcement Legal Framework 76

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.

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52