Fintech News

DECEMBER 13, 2023

Singaporean payment institution FOMO Pay and United Arab Emirates’ digital bank Zand have partnered to improve cross-border payment efficiency between Asia and the Middle East and North Africa (MENA) region. The company said that it is focused on building financial connections between Asia and global markets.

Cross-Border Payments 106

Cross-Border Payments Cross-Border Gateways Central Bank 106

Fintech News

DECEMBER 9, 2024

M-DAQ Global, a fintech specialising in cross-border foreign exchange (FX) and payment solutions, has been awarded a Capital Markets Services (CMS) licence by the Monetary Authority of Singapore (MAS). This licence allows its subsidiary, M-DAQ Market Solutions, to deal in over-the-counter (OTC) derivatives contracts.

B2C 74

B2C Cross-Border Settlement B2B 74

Fintech News

AUGUST 12, 2024

Global payments company Nium is enhancing its presence in Latin America, with a focus on expanding its operations in Brazil. The company has recently applied for a Payment Institution License in Brazil, which will allow it to offer payment services, including managing funds in BRL and facilitating real-time payments through the Pix system.

Cross-Border 92

Cross-Border Cross-Border Payments Correspondent Bank Real Time Payments 92

Fintech News

NOVEMBER 10, 2024

QCP Trading, a provider of over-the-counter (OTC) spot trading services for digital assets, has been granted in-principle approval for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS).

Regulations 70

Regulations Payment APIs and Integration Settlement Stablecoins 70

Fintech News

JANUARY 24, 2024

Each license allows the holder to conduct multiple specific payment services. Data from MAS’ Financial Institutions Directory show that as of August 01, 2022, 231 Money-Changing, 13 Standard Payment Institutions, and 175 Major Payment Institution licenses had been issued.

Service Provider 96

Service Provider Cryptocurrency Payments Institute Stablecoins 96

Fintech Finance

AUGUST 12, 2024

This continued expansion is a step towards Nium’s commitment to revolutionizing the global payments landscape in this strategic region. Additionally, Nium is seeking FX authorization in Brazil to enhance its foreign exchange transaction capabilities. Nium has been present in the region dating back to 2017.

Real Time Payments 85

Real Time Payments Cross-Border Payments Cross-Border Central Bank 85

Fintech News

NOVEMBER 3, 2024

Anchorage Digital Singapore, a crypto platform, has obtained a Major Payment Institution license from the Monetary Authority of Singapore (MAS). This licence allows the company to expand its services to include custody, staking, trading, settlement, and fiat on and off ramps for global institutions.

On-Demand 83

On-Demand Settlement Regulations Payments Institute 83

Fintech News

JANUARY 9, 2024

This ecosystem is expected to address the needs of institutional investors, offering solutions like reduced risks in counterparty and settlement, and capital efficiencies through innovative risk management processes.

Risk Management 77

Risk Management On-Demand Risk Settlement 77

PYMNTS

JULY 9, 2020

The United Kingdom’s financial regulator has toughened rules on payment companies less than two weeks after Wirecard AG’s collapse locked millions of customers out of their accounts, the Financial Times reported. This is the end of light-touch regulation of e-money and payment institutions.” .

Rules 67

Rules Third-Party Service Provider Money Laundering Regulations 67

Finovate

FEBRUARY 14, 2024

Decentralized finance company Ripple acquired Standard Custody & Trust Company, a firm that offers institutional-grade custody, escrow, and settlement platform for digital assets. The company and its subsidiaries have acquired a New York BitLicense, nearly 40 U.S.

Acquirers 52

Acquirers Regulatory Compliance Settlement Blockchain 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

PYMNTS

MAY 26, 2017

On the payments side of the equation, Brexit threatens to force the relocation of hundreds, even thousands, of workers in the financial sector within just a few short years, and PSD2 will have a major impact on the payments industry when it takes effect in January. We also offer over 170 settlement currencies.” Brown explained.

Economy 52

Economy Payee Authorization Debit Card 52

Fintech Review

OCTOBER 7, 2024

By offering greater financial inclusion and opening access to new markets, XSGD will drive digital asset adoption and accelerate innovation in cross-border payments. This trusted and secure stablecoin offers users a reliable solution for global cross-border payments, making it a pivotal tool for the future of digital transactions.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Stablecoins Financial Inclusion 52

FICO

JULY 29, 2020

The six month pause on payments instituted by Australian Banks was certainly not designed to accommodate the situation we now find ourselves in. This all points to the likelihood of a protracted period of economic uncertainty as governments act to contain outbreaks when, and where, they appear.

Assessments 95

Assessments Risk Addressing Returns 95

PYMNTS

AUGUST 2, 2019

Platform participants get access to exchange rates, and can negotiate their own exchange rates, and upon agreeing, are required to send the exact funds via individual client accounts to Verto (held in turn in escrow accounts) for settlement once an offer has been accepted. Settlement occurs within hours, and not days.

B2B 41

B2B Cross-Border Online and Mobile Banking Central Bank 41

PYMNTS

APRIL 17, 2017

In January 2017, he took the wraps off the first modern clearing and settlement bank in 250 years — or since 1767 — in the U.K. and the dearth of anyone innovating in core banking systems — or even talking about establishing a new clearing and settlement bank that might expedite FinTech innovation. Clearing The Path To Change.

Innovation 40

Innovation FinTech Cybersecurity Blocks 40

The Fintech Times

MARCH 20, 2024

At the same time, led by government authorities in specific sectors, UnionPay will encourage other industry players to pool their resources. It will direct CNY 3 billion to focus on acceptance terminal upgrades, signage placement and publicity, etc. in key cities and use cases. in key cities and use cases.

Use Case 59

Use Case Online and Mobile Banking Government Governance 59