Fintech Finance

JULY 17, 2024

The agreement was signed by His Excellency Omar Mohammed Lootah, Director General of the Ajman Transport Authority, and Hany Al-Deeb, MD for Mobility, Digital Eco-Systems & Smart Cities Solutions, O-CITY.

Authorization 91

Authorization Online and Mobile Banking Contactless Payments Bank Card 91

Fintech News

JUNE 10, 2024

The authorities urge organisations to adopt robust cybersecurity measures to protect against these attacks. The authorities strongly advise against paying ransoms, as this does not guarantee data recovery and may encourage further criminal activity. Organisations should also monitor the awareness and adoption levels of their employees.

Ransomware 82

Ransomware Authorization Phishing Cybersecurity 82

Payments Dive

DECEMBER 14, 2023

Such scams are expected to jump 50-plus percent to $3 billion by 2027, forcing financial institutions to address the rising threat, according to a new report.

Scams 183

Scams Authorization Addressing Payments 183

Fintech Finance

OCTOBER 4, 2024

Obtaining the operating authorization from the National Bank of Romania (BNR), on October 1, 2024, six months after submitting the authorization application, allows the start of operations and the continuation of preparations for the launch of the system. We are open to continue discussions with various entities in the Romanian market.”

Authorization 89

Authorization Online and Mobile Banking Payments Legal 89

The Nilson Report

OCTOBER 23, 2024

The post BLIK Obtains Authorization to Operate in Romania appeared first on Nilson Report.

Authorization 52

Authorization Posting 52

Fraud.net

OCTOBER 9, 2024

Dive deep into the mechanisms, risks, and solutions of authorized push payment frauds with Fraud.net. Become bulletproof to digital frauds.

Authorization 52

Authorization Payments Risk Transactions 52

Finextra

OCTOBER 2, 2024

Ripple, the leading provider of digital asset infrastructure, has secured in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its services from the Dubai International Financial Centre (DIFC).

Authorization 52

Authorization Security 52

Fintech Finance

OCTOBER 15, 2024

Aspire , a Singapore-headquartered all-in-one finance platform for modern businesses, today announced that it has received in-principle approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

Payments Institute 96

Payments Institute Authorization Payments Finance 96

Finovate

SEPTEMBER 24, 2024

Global analytics software company FICO has teamed up with Jersey Telecom to offer a new solution to combat Authorized Push Payment (APP) fraud. The new offering represents the first real-time combination of telephony data, customer data, and payment data to deal with the problem of Authorized Push Payment fraud.

Authorization 59

Authorization Scams Fraud Prevention Payments 59

The Payments Association

MARCH 19, 2024

TerraPay, a company specialising in global cross-border payments, has recently been granted a Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). This development is part of […] Read more

Payments Institute 88

Payments Institute Authorization Cross-Border Payments Cross-Border 88

Payments Dive

OCTOBER 19, 2020

Key stakeholders in the online payments ecosystem are rethinking the way payments are processed, with a renewed emphasis on linking digital identity back to the human behind the transaction in advance of the card network's authorization stage which we refer to as pre-authorization.

Authorization 113

Authorization Transactions Process Payments 113

Finextra

APRIL 9, 2024

The Monetary Authority of Singapore (MAS) and Mastercard today signed a Memorandum of Understanding (MoU) to enhance cooperation in cybersecurity, with the aim to strengthen cyber resilience in the financial services sector in Singapore.

Cybersecurity 59

Cybersecurity Authorization Visa 59

Finextra

SEPTEMBER 25, 2024

The Monetary Authority of Singapore (MAS) announced today the establishment of a Cyber and Technology Resilience Experts (CTREX) Panel.

Authorization 52

Authorization Technology 52

The Payments Association

OCTOBER 23, 2024

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms). What does this mean for Payments firms?

Rules 88

Rules Payments Institute Authorization Reconciliation 88

The Fintech Times

SEPTEMBER 25, 2024

The Hong Kong Monetary Authority (HKMA) has launched the second phase of its initiative to explore digital money, expanding its focus from just a central bank digital currency (e-HKD) to also include tokenised deposits.

Authorization 57

Authorization Digital Currency Use Case Settlement 57

The Paypers

SEPTEMBER 2, 2024

The Monetary Authority has imposed penalty actions on WeChat Pay Hong Kong for breaching the Payment Systems and Stored Value Facilities Ordinance.

Authorization 36

Authorization Breach Payments 36

Basis Theory

JULY 16, 2024

Upon completing the migration to a new payment service provider (PSP), payment professionals often let out a sigh of relief. The 6-month (or longer) process of migrating all the data, flows, and processes to a new PSP finally ends with green checkmarks and live checkout flow.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Authorization Service Provider Process 88

Finovate

MAY 16, 2024

The partnership will combine Proof’s Defend solution with Socure’s Sigma Fraud suite to help companies fight fraud and forgery in authorizations, agreements, contracts, and forms. Photo by Andrea Piacquadio The post Socure and Proof Partner to Fight Fraud in Authorizations, Contracts, and Forms appeared first on Finovate.

Authorization 59

Authorization Verification OFAC Deepfake 59

The Fintech Times

MARCH 5, 2024

Bahrain FinTech Bay , the fintech ecosystem builder, has signed a memorandum of understanding with the Qatar Financial Center Authority , the global business and financial centre, to enhance fintech sector collaboration in the region. This arrangement will ensure smooth operations and networking opportunities for startups on the move.

Authorization 57

Authorization FinTech Cross-Border Agreements 57

BioCatch

NOVEMBER 8, 2023

The Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority of Singapore (IMDA) have just announced a consultation for the Shared Responsibility Framework for Phishing Scams.

Authorization 52

Authorization Scams Phishing Consulting 52

The Paypers

OCTOBER 2, 2023

Digital currency platform Coinbase has obtained a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).

Authorization 73

Authorization Digital Currency Payments Institute Payments 73

Seon

APRIL 18, 2024

billion in 2022 , facing a formidable opponent in the financial sector: authorized push payment (APP) fraud. Spanning a variety of duplicitous practices that rely on tactics that manipulate trust and authority. The United States is poised to witness losses increase to $3 billion by 2027, up from $1.94

Authorization 52

Authorization Technology Fraud Prevention Real Time Payments 52

The Paypers

MAY 15, 2023

Representatives from the European Banking Authority have expressed their concerns over large stablecoins and their effect on public policy goals.

Stablecoins 68

Stablecoins Authorization 68

Finextra

MARCH 6, 2024

Currencycloud, a Visa solution and the experts in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) licence holder from the Monetary Authority of Singapore (MAS).

Authorization 64

Authorization Multi-Currency Payments Institute Payments 64

The Paypers

JULY 12, 2024

The Transportation Authority in Ajman and Visa have signed an agreement to facilitate accepting open contactless payments on public transport buses in Ajman.

Authorization 36

Authorization Contactless Payments Agreements Facilitators 36

Neopay

DECEMBER 18, 2023

Given the cross-border nature of financial crime, the new authority will boost the efficiency of the anti-money laundering and countering the financing of terrorism (AML/CFT) framework, by creating an integrated mechanism with national supervisors to ensure obliged entities comply with AML/CFT-related obligations in the financial sector.

Money Laundering 52

Money Laundering Authorization AML Agreements 52

The Paypers

APRIL 17, 2023

The Digital Currency Monetary Authority (DCMA) has launched an international CDBC that complies with IMF-proposed crypto assets policy recommendations.

Digital Currency 66

Digital Currency Authorization 66

The Paypers

JANUARY 12, 2023

The Prudential Regulation Authority (PRA), the regulatory arm of the Bank of England , has set out its priorities for 2023 in a letter to chief executives of institutions.

Authorization 68

Authorization Regulations 68

The Paypers

OCTOBER 5, 2023

Fintech solutions provider Tietoevry Banking has announced the launch of the Maldives instant payment system Favara by the Maldives Monetary Authority (MMA).

Authorization 45

Authorization Instant Payments FinTech Payments 45

The Fintech Times

APRIL 18, 2024

The Monetary Authority of Singapore (MAS) has committed S$35million to upskill and reskill specialists in sustainable finance and has joined forces with the Institute of Banking and Finance (IBF), supported by Workforce Singapore (WSG), to launch a new Sustainable Finance Jobs Transformation Map (JTM).

Authorization 57

Authorization Finance On-Demand Facilitators 57

The Nilson Report

JUNE 25, 2024

The post Inside AI: a New Book by Author with 30 Years Experience in the Field appeared first on Nilson Report.

Authorization 52

Authorization AI Posting 52

The Paypers

MARCH 30, 2023

French authorities have conducted multiple raids on five major banks in the country as part of an investigation into possible fiscal fraud and money laundering, according to Finbold.

Authorization 69

Authorization Money Laundering 69

PYMNTS

JUNE 10, 2020

EU authorities can fine companies for violations under the General Data Protection Regulation (GDPR). In a statement, authorities said they intend to coordinate investigations and potential actions over TikTok’s practices across the EU, Bloomberg reported. Authorities said there are concerns about potential misuse.

Privacy 101

Privacy Authorization Federal Trade Commission FTC 101

The Paypers

AUGUST 5, 2024

The Insurance Authority has found technical problems with the anti-money laundering system at the company's Hong Kong branch during an inspection.

Authorization 36

Authorization Money Laundering 36

The Nilson Report

APRIL 5, 2024

The post Currencycloud Granted ‘In-Principle Approval’ for Major Payment Institution License by the Monetary Authority of Singapore appeared first on Nilson Report.

Payments Institute 52

Payments Institute Authorization Payments Posting 52

The Paypers

OCTOBER 4, 2022

The Israel Securities Authority has granted initial licenses to fintechs that provide financial information services to the public and businesses.

Authorization 69

Authorization Security FinTech 69