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Investree Appoints Caretaker Team Amid Bad Loans, Legal Disputes

Fintech News

The beleaguered P2P lender Investree has established a caretaker team to manage its daily operations under the guidance of Indonesia’s Financial Services Authority (OJK). According to DealStreetAsia , this move comes as the company faces ongoing investigations and legal challenges from lenders.

Legal 113
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Durbin amendment author says card brands are trying to 'get even'

Payments Source

went after Visa and Mastercard during an antitrust hearing Thursday in Washington, suggesting the card brands have likely been looking for a way to increase fees and offset previous legal or regulatory pressure on their pricing structures. Dick Durbin, D-Ill.,

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OJK Revokes Investree License, Pursues Legal Action Against Former CEO Gunadi

Fintech News

Indonesia’s Financial Services Authority ( OJK ) has revoked the business license of PT Investree Radhika Jaya ( Investree ), a peer-to-peer lending platform. OJK has also taken legal action against key individuals, including Adrian Asharyanto Gunadi, who is prohibited from holding key roles in financial institutions.

Legal 110
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Binance Sets up First-Ever Board in Wake of Legal Settlements

Fintech News

The announcement comes as the company seeks to navigate through the aftermath of legal challenges in the United States , including a guilty plea to violations related to anti-money laundering and sanctions. billion settlement with US authorities earlier this year. Completing the lineup are Arnaud Ventura, of Gojo & Co.,

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Protecting Customer Data: Key Principles Every Company Should Know

VISTA InfoSec

Data Minimization Data minimization means collecting only the information you absolutely need to serve your customers or comply with legal requirements. For example, if you’re only shipping products, you might not need to collect customers’ birthdates unless it’s relevant for legal age verification.

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Singapore Authorities Issue Warning on Akira Ransomware Threat

Fintech News

The authorities urge organisations to adopt robust cybersecurity measures to protect against these attacks. Organisations should only collect, process, store, and retain data essential for business, operational, or legal requirements. Implementing data minimisation practices is also recommended.

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BLIK Romania S.A. Obtains Authorization for the Operation of the BLIK Payment System from the National Bank of Romania

Fintech Finance

Since then, the company’s management has worked intensively to adapt the system to local regulatory and legal requirements, as well as to build a development strategy based on the specifics of the Romanian market. 3 of 2018 and is an unconditional authorization for the operation of the system on the Romanian market.