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

The Fintech Times

NOVEMBER 4, 2024

The Monetary Authority of Singapore (MAS) has unveiled four new plans to help advance tokenisation in financial services in the region. The post Monetary Authority of Singapore Unveils Plans to Enable Industry-Wide Adoption of Tokenisation appeared first on The Fintech Times.

Authorization 83

Authorization CBDC Multi-Currency Settlement 83

Fintech News

JANUARY 9, 2025

Skyee) is excited to announce that it has been granted In-Principle Approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Skyee is a wholly owned subsidiary of Skyee Group a Chinese leading cross border payment solution provider in China, Europe, North America and North Asia.

Payments Institute 77

Payments Institute Authorization Cross-Border Cross-Border Payments 77

Fintech Finance

DECEMBER 17, 2024

Neonomics , an open banking payments and data company, has lodged a formal complaint to the Norwegian Competition Authority to advocate for innovation and fair competition within the Norwegian Payments market. This behavior harms consumers and businesses alike, while protecting entrenched interests.

Authorization 79

Authorization Visa Payments Innovation 79

Payments Dive

JULY 25, 2024

Forcing banks to reimburse authorized payments could encourage bad behavior and would not deter scammers, bank executives said in a Senate hearing.

Zelle 179

Zelle Scams Authorization Payments 179

Payments Dive

MARCH 10, 2022

Some consumers are charging buy now-pay later installment payments to their credit cards, and that should serve as a "warning flag" to regulators, said three economists who authored the research paper.

BNPL 190

BNPL Credit Cards Authorization Regulations 190

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

Payments Dive

MAY 18, 2022

A former CFPB enforcement director told an audience of payments professionals this week that they'd best be prepared for the agency to expand its oversight by way of its markets authority.

CFPB 178

CFPB Authorization Payments 178

VISTA InfoSec

JULY 1, 2024

(AMD) announced that it has launched a probe of a data breach carried out by a cybercriminal group called Intelbroker that led to several private documents and information being stolen which occurred early this month.

CHIPS 250

CHIPS Cybersecurity Data Breach Breach 250

VISTA InfoSec

FEBRUARY 25, 2024

A data breach occurs when cybercriminals infiltrate your systems and access sensitive information without authorization. Minimize Access Only authorize essential system/data access for users per role responsibilities. What Is A Data Breach? Much exploitation targets known vulnerabilities with available fixes.

Data Breach 266

Data Breach Breach Multifactor Authentication Cybersecurity 266

Finextra

FEBRUARY 21, 2024

The Monetary Authority of Singapore has told the country's financial institutions to make sure they are prepared for the rising cybersecurity risks posed by quantum computing.

Cybersecurity 138

Cybersecurity Authorization Risk 138

VISTA InfoSec

OCTOBER 21, 2024

A data protection officer role is to act as a bridge between organizations, its employee, and the regulatory authorities ensuring that the handling of personal data is safe, lawful and in line with regulations like GDPR (General Data Protection Regulation). Key Responsibilities of a Data Protection Officer 1.Monitoring

CCPA 130

CCPA Privacy Laws Data Breach 130

Finextra

OCTOBER 2, 2024

The Financial Conduct Authority has fined Starling Bank £29 million for failings related to its financial sanctions screening.

AML 126

AML Authorization 126

Finextra

MARCH 7, 2024

The Hong Kong Monetary Authority (HKMA) has kicked off a new wholesale central bank digital currency (wCBDC) project to render support to the development of the tokenisation market in the territory.

CBDC 124

CBDC Digital Currency Central Bank Authorization 124

Finextra

FEBRUARY 22, 2024

Frankfurt has won the race to host the EU's new Anti-Money Laundering Authority (AMLA), beating out competition from eight other cities, including Dublin, Madrid and Paris.

Money Laundering 122

Money Laundering Authorization 122

Finextra

MAY 14, 2024

Deutsche Bank is the latest bank to join the Monetary Authority of Singapore's multi-year Project Guardian project to explore asset tokenisation applications.

Authorization 118

Authorization 118

Finextra

MAY 16, 2024

The Financial Conduct Authority has charged a host of so-called 'finfluencers' - including former Only Way is Essex star Lauren Goodger - for promoting an unauthorised trading scheme to their social media followers.

Authorization 119

Authorization 119

Finextra

APRIL 12, 2024

The Competition and Markets Authority (CMA) has identified key risks to fair competition in AI Foundation Models (FMs), growing concerns as AI rapidly develops in the financial industry.

AI 116

AI Authorization Risk 116

Finextra

APRIL 23, 2024

Ahead of the anti-greenwashing rule coming into force on 31 May, the Financial Conduct Authority (FCA) is supporting industry with guidance to help them meet the standard.

Rules 111

Rules Authorization 111

VISTA InfoSec

JUNE 7, 2024

Zero trust, as its name implies, is a digital security framework that emphasizes the need for strong, frequent authorization and authentication of all devices and users on a network. Here, we dive deeper into what ZTNA solutions are and how they stand to benefit companies that implement them. What Is Zero Trust Network Access (ZTNA)?

Micro-Entry 162

Micro-Entry Data Breach Breach Cybersecurity 162

The Paypers

JANUARY 20, 2025

The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have released a joint report analysing developments in the crypto-asset sector.

Risk 77

Risk Authorization Security 77

VISTA InfoSec

MARCH 28, 2024

Access Control Implement strict access controls to ensure only authorized personnel can access customer data. More importantly, regularly update your software to patch security vulnerabilities and conduct periodic security audits to identify and rectify potential weaknesses in your system.

Data Breach 277

Data Breach Regulatory Compliance Breach Encryption 277

Finextra

DECEMBER 17, 2024

Open banking data vendor Neonomics has filed a complaint with the Norwegian Competition Authority alleging anti-competitive practices in the payments market by the country's banking sector.

Authorization 105

Authorization Payments 105

Fintech News

OCTOBER 6, 2024

In addition, the report recommends deepening the collaboration between banks and authorities through platforms like COSMIC —a digital system enabling financial institutions to share customer risk information securely. The IMC’s recommendations aim to adapt Singapore’s AML framework to counter increasingly sophisticated criminal methods.

Money Laundering 98

Money Laundering Law Enforcement Financial Crimes Due Diligence 98

Fintech News

OCTOBER 14, 2024

The Singapore Police Force (SPF) and the Monetary Authority of Singapore (MAS) have issued a joint warning about a sharp increase in government impersonation scams. Many victims only realize they have been scammed when the scammers disappear or when they attempt to verify the situation with authorities. million in September 2024 alone.

Scams 96

Scams Money Laundering Authorization Blocks 96

Fintech News

OCTOBER 27, 2024

The Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) will implement the Shared Responsibility Framework (SRF) for phishing scams on 16 December 2024. FIs have a six-month transition period to comply with this new duty before it becomes enforceable under the SRF.

Phishing 103

Phishing Scams Blocks Authorization 103

VISTA InfoSec

MARCH 5, 2024

We will explore these changes in detail, helping you understand the processes and mechanisms for restricting physical access to cardholder data, how physical access controls manage entry into facilities and systems containing cardholder data, and how physical access for personnel and visitors is authorized and managed. PCI DSS v4.0

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

NFCW

JULY 17, 2024

“Riders with weekly or monthly passes or those who would like to continue to use their CharlieCards will not be impacted by the change. The current ways to pay will remain the same,” the MBTA says.

Contactless Payments 118

Contactless Payments Payments Authorization Credit Cards 118

VISTA InfoSec

JULY 17, 2024

Establish protocols for communicating with external parties, such as law enforcement, in multiple languages: Knowing how to quickly share info with authorities in various countries can speed up response times. Conduct drills and simulations in different languages : Practice helps your team work smoothly under pressure.

Cybersecurity 231

Cybersecurity Compliance Encryption Best Practices 231

Fintech News

DECEMBER 4, 2024

The Monetary Authority of Singapore ( MAS ) and the Association of Banks in Singapore ( ABS ) announced that two new electronic payment solutions will be launched in mid-2025.

Payment Solutions 101

Payment Solutions Payee Payer Payments 101

Finextra

JANUARY 22, 2025

The UK Financial Conduct Authority is planning to remove the £100 contactless limit and implement an open finance regime tackling SME financing.

Authorization 78

Authorization Finance 78

NFCW

SEPTEMBER 11, 2024

“As of September 3, riders have tapped a contactless card, phone, or watch over a million times to pay their fares since we launched our contactless payment system on August 1,” the Massachusetts Bay Transit Authority (MBTA) reports.

Contactless Payments 96

Contactless Payments Authorization Payments 96

Fintech News

SEPTEMBER 11, 2024

In August 2023, the Monetary Authority of Singapore (MAS) finalised its stablecoin regulatory framework , providing clear guidelines for issuers. In contrast, stablecoins pegged to the U.S. dollar, such as USDT, are primarily transferred in larger amounts, reflecting more institutional use.

Stablecoins 116

Stablecoins Issuers Cryptocurrency Payments 116

Fintech News

JANUARY 7, 2025

Cross-border payment firm XTransfer has received the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license, issued on 1 January 2025, allows XTransfer to offer services such as account issuance, domestic and cross-border money transfers, flexible top-up options, and e-money issuance in Singapore.

Cross-Border Payments 95

Cross-Border Payments Cross-Border Payments Settlement 95

PCI Security Standards

JULY 29, 2024

He is also the author of 13 books, an Inc.com columnist, the past executive director of the Babson College Center for Business Innovation, the past director of the Dell Innovation Lab, and a professor at Boston University. magazine, and the founding partner of AcroVantage Ventures, which invests in early-stage technology startups.

Authorization 109

Authorization Innovation Security Technology 109

The Fintech Times

JUNE 16, 2024

The post Bank of Canada and BIS Collaborate on New Toronto Innovation Centre appeared first on The Fintech Times.

Innovation 105

Innovation Central Bank Digital Currency Authorization 105