Fintech Finance

JANUARY 8, 2025

dLocal , the leading payment platform connecting global merchants to emerging markets, has announced that it has been granted the Authorised Payment Institution license from the Financial Conduct Authority (FCA) in the United Kingdom.

Payments Institute 123

Payments Institute Regulatory Compliance Alternative Payment Methods Compliance 123

The Fintech Times

MARCH 7, 2025

These challenges must be addressed if we’re to support the government in its mission to deliver economic growth and safeguard the UK’s reputation as a safe place to do business.

Compliance 96

Compliance Financial Crimes Crime Governance 96

Fintech Finance

OCTOBER 29, 2024

Sibstar, the UK’s leading debit card and app for people living with dementia, is today calling for banks and governments to work closer together to ensure safer spending for financially vulnerable people. Sibstar is the UK’s first debit card and app that helps families living with dementia to safely manage their everyday spending.

Financial Inclusion 128

Financial Inclusion Debit Card Scams Finance 128

FloQast

JANUARY 17, 2024

In May 2023, the Financial Reporting Council (FRC) published its consultation on the UK’s Corporate Governance Code. While the government has since delayed some Corporate Governance Code reforms, including the introduction of ARGA, the FRC has signalled its commitment to moving forward with other key proposals from the consultation.

Governance 102

Governance Government AAP Audit 102

The Fintech Times

FEBRUARY 7, 2024

The UK government has set over £100million aside for researching and developing Artificial Intelligence (AI) technology, and to support regulation in the space. The government has also pledged £10million to prepare and upskill regulators to address and make the most of the opportunities presented by AI.

Governance 112

Governance Government AI Regulations 112

Fintech News

JANUARY 13, 2025

This move aims to increase transparency and trust in ESG (environmental, social, and governance) reporting within the financial sector. This project is part of Project Guardian, an initiative led by the Monetary Authority of Singapore to explore the benefits of asset tokenisation in financial markets.

Blockchain 117

Blockchain Credential Finance Agreements 117

Fintech Finance

JANUARY 31, 2025

The tax authority recently awarded Trustlys Ecospend a new contract to continue to provide these solutions. HMRCs use of Pay by Bank is one of the most innovative examples of embedding fintech within a Government, setting a global standard. This is a significant 36% increase from the same period in the previous year. More than 3.6

Assessments 89

Assessments Returns Authorization API 89

The Fintech Times

DECEMBER 9, 2024

The move follows the agencys use of a dormant legal authority revived in 2022 to oversee nonbank entities deemed to pose risks to consumers. The tech giant has now taken the dispute to court, challenging the agencys authority to impose supervision.

Consumer Financial Protection Bureau (CFPB) 75

Consumer Financial Protection Bureau (CFPB) CFPB Regulations Legal 75

Payments Source

SEPTEMBER 11, 2020

The Philippines’ anti-money laundering authority has identified 57 “people of interest,” including foreigners and local bank officers and government officials, whose links to Wirecard AG are being scrutinized.

Money Laundering 160

Money Laundering Authorization Government Governance 160

Fintech News

DECEMBER 18, 2024

This initiative aims to advance sustainable development across ASEAN by aligning environmental, social, and governance (ESG) metrics. During the meeting in February 2024, the exchanges formalised their collaboration by establishing a governance structure and operational plan.

FinTech 114

FinTech Law Enforcement Financial Literacy Innovation 114

VISTA InfoSec

MARCH 25, 2025

CERT-IN Empanelment : Recognized by the Indian government as a trusted security assessor. CSRO Licensed Penetration Testing (Singapore) : Delivering authorized, in-depth security testing solutions. List of our accreditations that enabled us to be a complete security partner that goes beyond technical assessments.

Cybersecurity 130

Cybersecurity Accreditation PCI DSS Assessments 130

VISTA InfoSec

MARCH 13, 2025

While PCI DSS is not mandated by the Australian government, it is considered an important industry standard enforced by payment card brands. Access control and authentication PCI DSS enforces stringent access control measures, ensuring that only authorized personnel can access sensitive payment card data.

PCI DSS 165

PCI DSS Data Breach Breach Compliance 165

Fintech News

JANUARY 20, 2025

The Monetary Authority of Singapore (MAS) keeps the market secure through rules that protect investors while encouraging growth. This ensures transparency, security, and independence from central authorities like banks or governments. Youre in the right place.

Cryptocurrency 111

Cryptocurrency Credit Cards Verification Blockchain 111

Basis Theory

NOVEMBER 12, 2024

Authentication and Authorization With encryption, the key used to decrypt the data is how you authorize and retrieve the data. With tokenization, there may be a multitude of ways to authenticate and authorize depending on the tokenization platform. Tokens, on the other hand, do not depend on the sensitive data to be created.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

Fintech Finance

JANUARY 16, 2025

This review reflects extensive engagement with stakeholders, trends in payments both at home and abroad, the Governments growth mission, and the impact of the National Payments Vision (NPV). The PSR will work even more closely with the FCA, Bank of England and other authorities to deliver positive outcomes.

Innovation 96

Innovation Regulations Government Governance 96

Fintech News

MARCH 6, 2025

The event spans sectors from public services and smart cities to finance, retail, and manufacturing, fostering collaboration between tech companies, unicorn founders, AI startups, governments, and R&D experts.

FinTech 103

FinTech NFTs AI Blockchain 103

The Fintech Times

NOVEMBER 8, 2024

The Land Transport Authority of Singapore (LTA) will now be able to disburse mobilisation advance payments to its main contractors with better transparency as a result of the multinational banking and financial services corporation, OCBC , integrating a blockchain-based conditional payments solution with its business banking platform.

Blockchain 59

Blockchain Payments Payment Solutions Authorization 59

The Fintech Times

FEBRUARY 17, 2025

The firms will need to apply for a licence from the Hong Kong Monetary Authority ( HKMA ) in the new regulatory regime. Standard Chartered Standard Chartered has a track record of working with stablecoin issuers globally, allowing the JV to fully utilise its bank-grade infrastructure and rigorous governance.

Stablecoins 104

Stablecoins Issuers Use Case Cross-Border Payments 104

The Fintech Times

MARCH 4, 2025

.” Required reform Despite attempts by previous UK Governments to boost Pension Credit take-up, including awareness campaigns, numbers have remained low. The UK Government and local authorities must work together to drive take-up for benefits such as Pension Credit and Housing Benefit. Something has to change.

Social Security 69

Social Security Government Governance Automation 69

Fintech Finance

MARCH 12, 2025

The Government will set out further steps to reduce red tape in the coming days. A strong economy is at the heart of the Governments plan to deliver security and renewal through the Plan for Change. The Payment Systems Regulator (PSR) will be abolished as the latest step in reducing the burdens on business.

Regulations 52

Regulations Blocks Payments Governance 52

Fintech News

OCTOBER 6, 2024

In timely detection, the committee emphasizes better information sharing between government agencies and private sector gatekeepers. A key initiative to strengthen detection efforts is the development of NAVIGATE, a new whole-of-government (WOG) data-sharing platform.

Money Laundering 120

Money Laundering Law Enforcement Financial Crimes Due Diligence 120

Fintech Finance

MARCH 3, 2025

The Payments Association , a trade group representing the payments sector, today sees the official launch of its Payments Manifesto 2025, containing key policy recommendations to support the government’s vision for a world-class payments industry. Id also like to thank our member Cardaq for sponsoring this event.”

Governance 80

Governance Government Innovation Cross-Border Payments 80

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.

Scams 114

Scams Money Laundering Authorization Blocks 114

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). See our previous Sidley Update on that review.

Rules 88

Rules Payments Institute Authorization Reconciliation 88

The Payments Association

FEBRUARY 14, 2025

Safeguarding customer funds The Financial Conduct Authority (FCA) has proposed significant changes to the safeguarding regime for payments and e-money firms. The Government has confirmed its plans to regulate cryptoassets, which includes regulating for stablecoins simultaneously. The FCA sees industry collaboration as critical.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

Fintech News

DECEMBER 9, 2024

This proactive approach, driven by the Monetary Authority of Singapore (MAS), seeks to enhance the nation’s financial infrastructure. GL1 is not merely a technological endeavour; it also addresses the crucial aspects of governance, risk management, and compliance. A core group of global banks, including BNY, Citi, J.P.

Cryptocurrency 114

Cryptocurrency Cross-Border Consumer Protection Facilitators 114

VISTA InfoSec

SEPTEMBER 30, 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

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

The Fintech Times

MARCH 12, 2025

The UK governments decision to scrap the Payment Systems Regulator (PSR) and merge its functions into the Financial Conduct Authority (FCA) has divided opinion across the financial sector. The PSR was beyond its use by date, with its structure and governance designed for a different world.

FinTech 59

FinTech Payment APIs and Integration Fraud Prevention Regulations 59

The Fintech Times

JANUARY 29, 2025

The Qatari government has also been proactive in supporting the growth and development of the fintech sector, notably through initiatives like the Qatar Fintech Hub (QFTH). Recognising the importance of fintech for long-term economic development, Qatar has also integrated fintech into its Second National Development Strategy 2018-2022.

FinTech 59

FinTech Central Bank Authorization Legal 59

Fintech News

FEBRUARY 2, 2025

Origins and Collaborative Development Pathway 2035 builds on the BIS working paper Finternet: The Financial System for the Future , co-authored by A. By bringing together academia, industry, and government, it highlights the power of collaboration and co-creation in shaping a sustainable and inclusive future of finance. Carstens and N.

Innovation 131

Innovation Finance AI Encryption 131

VISTA InfoSec

SEPTEMBER 15, 2023

Clause 9(1), DPDP Act) If consent is retracted, the data fiduciary must stop the data processor from processing that individual’s data, unless otherwise authorized. Clause 6(1) empowers the Central Government to limit personal data transfer by Data Fiduciaries to specific foreign countries or territories. Clause 6(6), DPDP Act.

Data Breach 130

Data Breach Breach Governance Government 130

Payments Dive

OCTOBER 11, 2023

“Instead of state-by-state regulation, federal government guidance must be updated and clarified,” authors of a recent working paper on earned wage access write.

Authorization 103

Authorization Government Governance Regulations 103

The Payments Association

FEBRUARY 10, 2025

Regulatory reviews from the Bank of Italy, UIF, and the European Banking Authority (EBA) have identified key shortcomings in the management of vIBANs. Regulatory oversight intensifies Authorities such as the EBA, UIF, and national regulators are raising concerns about vIBAN compliance.

IBAN 88

IBAN AML Master Account Due Diligence 88

The Payments Association

FEBRUARY 10, 2025

On 6 November 2024, the government released its guidance to organisations on the offence of failure to prevent fraud , introduced as part of the Economic Crime and Corporate Transparency Act 2023 (ECCTA). For companies operating in the UK, understanding the implications of this legislation is critical.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Fintech News

AUGUST 6, 2024

Minister Chee stated that his focus would be on the regulatory perspective of the Monetary Authority of Singapore (MAS). MAS has regulations to ensure sufficient capital reserves, robust governance, and fair treatment of customers. billion (EUR 1.5

Consumer Protection 107

Consumer Protection Consumer Risk Management Best Practices 107

Fintech News

JANUARY 26, 2025

In Singapore, the government-backed API Exchange is promoting API standardisation. This was enabled via the Hong Kong Monetary Authority’s Interbank Account Data Sharing (IADS) initiative. Using biometrics, Singpass enables secure and convenient access to 800+ government agencies and businesses and over 2,700 services.

Payments Trends 124

Payments Trends Payment APIs and Integration Embedded Finance Cross-Border 124