Fintech Finance

JULY 1, 2024

As the issuer of and payment infrastructure provider for a digital euro, the ECB will be supervised by independent data protection authorities that will monitor its compliance with the European Union Data Protection Regulation (EUDPR) and the General Data Protection Regulation (GDPR). The digital euro is a common European endeavour.

Legal Framework 98

Legal Framework Money Laundering Online and Mobile Banking Central Bank 98

Open Banking Excellence

SEPTEMBER 27, 2024

Statistics about Financial Inclusion and FinTech in Mexico To introduce the OBE community to the opportunities in this emerging ecosystem, we have collected key statistics and insights to show the benefits Open Banking can bring to Mexico`s society, government, and economy. In 2023, the Fintech landscape experienced notable growth.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

PYMNTS

NOVEMBER 2, 2018

Australia’s new government entity, designed to support small businesses (SMBs) claiming mistreatment by their banks, has opened its doors, reports in Smart Company said this week. Small businesses with disputes can go to the AFCA, which will first tackle any issues via informal methods, including mediation.

Disputes 61

Disputes Legal Framework Small Business Governance 61

CoinRemitter

JUNE 30, 2024

Decentralized Autonomous Organizations (DAOs) are at the forefront of the decentralized ecosystem, offering a new way to govern, handle finances, and make informed decisions. Blockchain technology manages the organization, coordinating tasks and governance without needing a central authority. Shareholders vote on big issues.

Governance 40

Governance Government Blockchain Money Laundering 40

Fintech News

JULY 17, 2024

And contrasting with the non-crypto native space, the Hong Kong Monetary Authority (HKMA) just fined DBS Bank (Hong Kong) Limited, the HK subsidiary of DBS , a HK$10 million penalty for breaches of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering 107

Money Laundering Law Enforcement AML Non-Bank 107

Neopay

FEBRUARY 27, 2025

The European Banking Authority (EBA) narrowed down the scope of its existing Guidelines on ICT and security risk management measures, due to the application of harmonised ICT risk management requirements under the Digital Operational Resilience Act (DORA) from 17 January 2025.

Risk Management 52

Risk Management Risk Security Legal Framework 52

Fintech News

JANUARY 17, 2024

On another front, LexisNexis Risk Solutions reports proactive efforts by the Hong Kong Monetary Authority to bolster online banking security and combat digital fraud. To address these issues, the Reserve Bank of India (RBI) took action in 2023 by mandating stricter IT governance and risk controls. percent to a substantial 5.44

Deepfake 122

Deepfake APACS Scams Authentication 122

The Fintech Times

JUNE 6, 2024

Since its inception in 2021, Project mBridge has involved the Bank of Thailand, the Central Bank of the UAE, the Digital Currency Institute of the People’s Bank of China, and the Hong Kong Monetary Authority. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing.

Participant 45

Participant Distributed Ledger Technology (DLT) Cross-Border Payments CBDC 45

The Fintech Times

OCTOBER 10, 2024

This move comes shortly after the Virtual Assets Regulatory Authority ( VARA ) intensified its efforts to safeguard Dubai’s virtual asset ecosystem by targeting unlicensed firms operating within its jurisdiction. Earlier in the year, OKX entered markets in Brazil, Türkiye, Australia, and the Netherlands.

Cryptocurrency 52

Cryptocurrency Risk Management Legal Framework Blockchain 52

The Fintech Times

MARCH 23, 2024

Addressing these issues head-on is From Fintech to Ubiquitech: Accelerating the wider UK Digital Economy, a new report authored by a working group led by Dr. Ruth Wandhöfer. “Collaboration among government, industry, academia and international partners is essential for a fully integrated and inclusive digital society.”

Economy 59

Economy Crime Legal Framework Governance 59

Segpay

MAY 1, 2024

DORA entered into force on January 16th, 2023, and its legal implementation deadline is January 17 th , 2025. Its legal framework is designed to enhance the operational resilience of all digital service providers, including payment service providers (PSPs), that operate in the European Union (EU).

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

Global Fintech & Digital Assets

FEBRUARY 26, 2024

By Simon Hawkins and Adrian Fong On 7 February 2024, the Hong Kong Monetary Authority (HKMA) released a consultation paper on its proposal for implementing new regulations on the prudential treatment of cryptoasset exposures (Consultation Paper).

Consulting 52

Consulting Regulations Distributed Ledger Technology (DLT) Stablecoins 52

Stax

JANUARY 15, 2024

In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Legal and Regulatory Framework Compliance ensures secure and transparent financial transactions, but nuances exist that businesses must grasp.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Basis Theory

OCTOBER 1, 2024

Such entities include: Merchants include "any entity that accepts payment cards bearing the logos of any of the five members of PCI Security Standards Council" (PCI SSC, the organization that governs and enforces PCI DSS). Don't, however, let the term "merchants" fool you. Typically, these fines range from around $5,000 to $100,000.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Segpay

AUGUST 20, 2024

As the digital world continues to expand and the young and the old spend an increasing number of hours online, governments around the globe are taking rigorous steps to make the internet a safer environment for minors. The Chinese communist government has implemented some of the strictest measures worldwide.

Verification 105

Verification Laws Legal Privacy 105

Clearly Payments

FEBRUARY 8, 2024

By enforcing compliance with legal frameworks, regulation not only upholds the integrity of the financial system but also safeguards national security interests. It oversees compliance with federal banking laws, including those governing payments. Faster Payments: The Federal Reserve is spearheading efforts to modernize the U.S.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

Fintech News

JANUARY 7, 2025

Singapore’s Parliament has passed the Protection from Scams Bill , granting authorities the power to issue Restriction Orders (ROs) that temporarily freeze bank transactions and credit facilities for individuals identified as potential scam victims.

Scams 111

Scams Accounts Legal Framework Non-Bank 111

Fintech News

FEBRUARY 2, 2025

AML/CFT regulations in Indonesia Indonesia’s AML and countering the financing of terrorism (CFT) frameworks are governed by several key laws that apply across industries, including banking, insurance and fintech, but also real estate and even art dealerships. Key AML/CFT regulations in Indonesia include Law No. Finally, Law No.

AML 105

AML Due Diligence Money Laundering Legal Framework 105

Fintech News

MARCH 3, 2025

The Protection from Scams Act 2024 by the government of Singapore could have prevented her from depleting her finances, saving her from being left with no money. The Singaporean government argues that speed is of the essence when dealing with scam victims. I am not trying to rile people up against the authorities.

Scams 75

Scams Laws Law Enforcement Authorization 75

Fintech Review

JANUARY 29, 2025

Dubai, United Arab Emirates, January 29th, 2025, FinanceWire The Securities and Commodities Authority (SCA) of the United Arab Emirates has awarded Kama Capital the prestigious Category 1 licence. Clients seek assurance that their trading partner operates within strict legal frameworks, and this licence provides precisely that.

Innovation 52

Innovation Security Legal Framework AML 52

Nanonets

OCTOBER 27, 2024

Moral Implications: Even in the absence of legal frameworks, many people have a moral compass that dictates what is right and wrong. It's important to speak with a medical professional or consult legal healthcare channels for advice. There is no time to seek help from embassies and legal authorities.”

Laws 52

Laws Crime Returns Legal 52

Fintech News

FEBRUARY 11, 2025

This includes intellectual property, data privacy, and financial services, ensuring a holistic approach to AI governance. In short, it is a legally binding international agreement designed to establish uniform AI regulatory principles globally. government include a bipartisan Senate report which outlines some key policy areas.

AI 116

AI Regulations APACS Consumer Financial Protection Bureau (CFPB) 116