Fintech News

OCTOBER 8, 2024

Under this proposal, DTSPs must apply for a license, and MAS will assess various aspects of the applicant’s business model, financial sustainability, and adherence to international regulatory standards. The aim is to mitigate the risks associated with such businesses.

Service Provider 95

Service Provider Due Diligence AML Money Laundering 95

Fintech News

FEBRUARY 21, 2024

However, they also pose a significant threat to the integrity of widely-used encryption methods, putting financial transactions and sensitive information at risk. FIs are also encouraged to explore other quantum security solutions, including QKD, as part of their risk management strategies.

Third Party Vendors 109

Third Party Vendors Cybersecurity Mitigation Encryption 109

VISTA InfoSec

JUNE 3, 2024

A GDPR-compliant password policy should enforce unique passwords for each account to mitigate the risk of credential stuffing attacks. Regular training sessions and awareness programs can help users understand the risks associated with poor password management and the benefits of adhering to the organization’s password policy.

MFA 130

MFA Credential PCI DSS Compliance 130

PYMNTS

JANUARY 9, 2020

Resilience360, incubated in DHL’s global Innovation Center , provides a continuous supply chain risk assessment and monitoring service. It’s now a stand-alone company, managed by holding company Rising Tide Digital and created by Columbia Capital to invest in disruptive supply chain technologies. .

Innovation 52

Innovation Risk Assessment Risk Assessments 52

Global Fintech & Digital Assets

NOVEMBER 7, 2023

The SFC notes the potential benefits of tokenisation, including increasing efficiency, enhancing transparency, reducing settlement time, and lowering costs for traditional finance, but also recognises that the use of DLT can create additional risks.

Distributed Ledger Technology (DLT) 52

Distributed Ledger Technology (DLT) Security Settlement Risk 52

The Fintech Times

AUGUST 15, 2024

Now, any organisation that neglects to adopt these technologies risks being left behind. These moves have allowed us to stay at the frontline of technological advancements in our key markets. At finova, we are always assessing the market and asking ourselves three questions – ‘what’s next?’,

Origination 59

Origination Payment APIs and Integration Addressing CRM 59

Fintech News

JANUARY 24, 2024

Furthermore, the MAS’s recent proposals, effective mid-2024, set stringent guidelines for DPT service providers, focusing on conflict-of-interest management, listing criteria, complaint handling, and customer risk awareness. MAS stated that it will consider all significant developments during their licence application assessments.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Stablecoins 98