Fintech News

JULY 23, 2024

Hex Trust, a Hong Kong-based digital asset custodian, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. said Calvin Shen, Managing Director, Hex Trust. ” said Alessio Quaglini, Co-Founder and CEO of Hex Trust Group.

Payments 93

Payments Consumer Protection Authorization On-Demand 93

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. This inclusion acknowledges the increased risk of significant losses from e-wallets and mandates robust consumer protection controls.

Phishing 105

Phishing Scams Blocks Authorization 105

Neopay

APRIL 25, 2024

Indeed, the corridors of the European Parliament have been buzzing with both political and technical negotiations on amendments to the Commission’s proposals, whether by adding more stringent transparency requirements on elements such as currency exchange rates or adding new robust consumer protection safeguards.

Fraud Prevention 52

Fraud Prevention Payments Authentication Authorization 52

Fintech News

JULY 3, 2024

A snapshot of Singapore’s crypto landscape According to the latest report by Triple-A, a licensed cryptocurrency payment institution, Singapore boasts one of the highest cryptocurrency ownership rates globally. This places the island nation significantly above the worldwide average of 6.8

Financial Literacy 85

Financial Literacy Cryptocurrency Digital Currency Accreditation 85

Neopay

SEPTEMBER 30, 2024

The Financial Conduct Authority (FCA) is taking significant steps to ensure that consumer funds in the payments and e-money sectors are better protected. The goal is to make sure that consumer money is secure, especially in cases where payment or e-money institutions fail.

Credit Union 52

Credit Union Consulting Payments Rules 52

Neopay

JUNE 3, 2024

In recent years, the process of obtaining authorisation from the Financial Conduct Authority (FCA) has become increasingly stringent. As a result, approval rates have been notably low, particularly in the payments sector where rates were as low as 8%. Regulatory compliance : Assess the target firm’s regulatory history.

Due Diligence 52

Due Diligence Acquirers Regulatory Compliance Regulations 52

The Payments Association

OCTOBER 11, 2024

The Financial Conduct Authority’s (FCA) proposed reforms to strengthen consumer fund safeguarding in the payments and e-money sectors. The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88