Fintech News

NOVEMBER 6, 2024

Brankas, an open finance platform provider, has launched a solution aimed at simplifying open banking compliance for financial institutions in the Asia-Pacific region. The platform is designed to support banks as they adapt to emerging open banking regulations across the region. Brankas and ADVANCE.AI Featured image credit: ADVANCE.AI

Compliance 81

Compliance Payment APIs and Integration Fraud Detection Risk Assessment 81

VISTA InfoSec

JULY 17, 2024

The significance of multilingual cybersecurity compliance Making sure cybersecurity talks to everyone in their language is more than smart; it’s a must. Here are two aspects where multilingual cybersecurity compliance helps the most: 1. Think about the various regulations around the world. Then, check everything again.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

Fintech Finance

OCTOBER 23, 2024

Led by Intix, the survey explored readiness levels and compliance with key regulations, including ISO 20022 standards, as well as the readiness of banks as they prepare to meet the EU’s Instant Payments Regulation, which takes effect in January 2025 for receiving instant payment transactions and October 2025 for sending instant payment transactions.

Instant Payments 102

Instant Payments ISO 20022 Regulations Fraud Detection 102

Fintech News

SEPTEMBER 2, 2024

As data privacy regulations tighten across APAC, driven by growing digital transformation and increased awareness of privacy concerns, Sumsub’s LDP solution aims to help businesses navigate these evolving requirements. LDP simplifies compliance with these local regulations by ensuring data is stored and processed locally.

APACS 115

APACS Privacy Regulations Fraud Prevention 115

The Fintech Times

SEPTEMBER 24, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer.

Privacy 107

Privacy Compliance PCI DSS Rules 107

Fintech Finance

OCTOBER 14, 2024

Orbital , a group of regulated entities acting as leading payments solutions providers, proudly announces it has achieved SOC 2 Type 2 compliance. Orbital’s compliance was verified through a rigorous audit conducted by A-LIGN , a globally respected Certified Public Accountant (CPA) firm.

Compliance 85

Compliance ISOs Procedures Audit 85

Fintech News

NOVEMBER 3, 2024

The stablecoin is issued by Paxos Digital Singapore , which is regulated by the Monetary Authority of Singapore (MAS), and is designed to meet the regulator’s upcoming stablecoin framework. Paxos Global, an affiliate, will partner with global exchanges and platforms to distribute USDG to both individuals and institutions.

Stablecoins 94

Stablecoins Regulations Regulatory Compliance PayPal 94

VISTA InfoSec

JULY 5, 2023

This renders them accountable for complying with both HIPAA and PCI regulations. Adherence to these regulations is paramount for safeguarding sensitive patient information from data breaches and cyber attacks. Non-compliance can result in financial losses and damage to the organization’s reputation. That’s a lot of money!

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

VISTA InfoSec

SEPTEMBER 14, 2023

If your business engages with these customers, it is subject to the EU’s General Data Protection Regulation (GDPR). This extensive data privacy regulation has an impact on many U.S. In this article, I will discuss the requirements for GDPR compliance in the U.S., entities due to its extraterritorial reach.

Compliance 130

Compliance Privacy Processors Legal 130

The Fintech Times

NOVEMBER 20, 2024

Where there is a drastic change in the value of something, the risks involved become much greater, so we reached out to industry experts to find out how regulations and regulators have played a role in ensuring alternative investing is secure. However, they can often be restricted in this regard due to strict regulations.

Regulations 72

Regulations Security Accreditation Rules 72

The Fintech Times

SEPTEMBER 13, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. So far this month, The Fintech Times has focused on compliance.

Compliance 72

Compliance FinTech Reconciliation Audit 72

Finovate

AUGUST 26, 2024

Governance, risk, and compliance platform Themis has partnered with regulatory compliance company Sei. The partnership integrates Sei’s marketing compliance engine into Themis’ platform to enable financial institutions to maintain marketing compliance across all channels. Neepa Patel is founder and CEO.

Compliance 111

Compliance AI Regulatory Compliance Consumer Protection 111

Fintech News

SEPTEMBER 18, 2024

Singapore-based B2B fintech firm Aspire has appointed Summer Yu as Global Head of Compliance and Tommaso Scarpa as Head of Compliance for Singapore. These appointments aim to strengthen the company’s compliance, risk, and IT security teams, which have reportedly increased fivefold in the past 24 months.

Compliance 102

Compliance Financial Crimes Crime ISOs 102

FloQast

MAY 9, 2024

In the intricate dance of modern business, compliance programs serve as vital navigational guides, steering organizations through a labyrinth of regulations and risks. However, the path to compliance is fraught with challenges , including large upfront costs, organizational chaos, and reactive risk assessment processes.

Compliance 104

Compliance Audit Risk Assessment Assessments 104

Fintech Finance

OCTOBER 17, 2024

.” The launch of Broadridge’s Instant Payments service aligns with recent EU regulations mandating the facilitation of euro instant credit transfers. These regulations are expected to accelerate the adoption of instant payments across Europe, with key compliance deadlines set for 2025.

Instant Payments 97

Instant Payments Regulations SWIFT Payments 97

Fintech News

NOVEMBER 10, 2024

With a focus on Singapore, QCP Trading plans to expand its local team and attract top talent to support its growth and ensure compliance with local regulations. Darius Sit “As we pursue the full MPI license, we remain focused on supporting Singapore’s growing reputation as a leader in digital asset regulation.

Regulations 80

Regulations Payment APIs and Integration Settlement Stablecoins 80

The Fintech Times

SEPTEMBER 4, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. We asked industry experts to find out.

Compliance 64

Compliance Rules Regulations Cybersecurity 64

The Fintech Times

AUGUST 10, 2024

This initiative is timely as global attention on AI compliance intensifies, with new regulations in Asia as well as Europe highlighting the need for secure and ethical practices in the financial industry. It describes it as the first Traditional Chinese large language model developed to comply with global AI governance standards.

Cybersecurity 119

Cybersecurity Compliance AI Privacy 119

Segpay

OCTOBER 3, 2024

The system provides a simple “over or under” age threshold results to companies, ensuring compliance with age-restricted services. Key Factors for Choosing Age Verification Tools: Regulatory Compliance : GDPR and COPPA regulations require platforms to ensure that they adequately protect minors from accessing adult content.

Compliance 91

Compliance Verification Database Privacy 91

Stax

JANUARY 15, 2024

Learn how to achieve payment processing compliance when surcharging to improve your company’s financial stability and reputation. Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. Credit card surcharging can help offset these expenses, but it can be tricky.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

The Fintech Times

NOVEMBER 7, 2024

Through this partnership, Boerse Stuttgart Digital is aiming to embrace the continuing growth of Europe’s crypto market by enhancing the scalability of its infrastructure solutions, while streamlining compliance processes in collaboration with Fenergo. Together with Fenergo, we continue to drive the adoption of crypto across Europe.”

Compliance 59

Compliance Process Money Laundering Regulatory Compliance 59

Fintech Review

JULY 2, 2024

Regulatory Technology, or RegTech, has emerged as a crucial ally for financial institutions navigating the intricate landscape of compliance. This capability not only expedites compliance processes but also improves accuracy and reduces the risk of regulatory breaches.

Compliance 98

Compliance Regulatory Compliance AI Interoperability 98

Finextra

NOVEMBER 7, 2024

IPC, the leading provider of secure, compliant communications and multi-cloud connectivity solutions for financial markets, has partnered with LeapXpert, the responsible business communication pioneer, to provide enhanced messaging communications capture, governance and compliance capabilities to regulated financial businesses.

Government 52

Government Governance Compliance Regulations 52

The Payments Association

MARCH 12, 2024

Payment compliance is expensive, but the cost of non-compliance can be worse. No one-size-fits-all solution exists to meet the varying risk profiles of all firms but organisations can access cloud solutions to improve their compliance and adapt to the ever-changing AML landscape. Read more

Compliance 88

Compliance AML Payments Risk 88

Fintech Finance

FEBRUARY 6, 2024

Basware , a global leader in AP automation and invoice processing, has appointed Markus Hornburg as its Senior Vice President, Global Compliance. It strengthens the company’s compliance offering to help customers through upcoming e-invoicing requirements.

Compliance 52

Compliance Regulations Cross-Border Automation 52

Fintech Review

NOVEMBER 6, 2024

Dubai, UAE, November 6th, 2024, FinanceWire 1inch is pleased to announce the appointment of Hedi Navazan as 1inch Group’s new Chief Compliance Officer. A strong foundation begins with a culture of security, compliance and a dedication to doing things the right way. Contact PR lead Pavel Kruglov 1inch Labs p.kruglov@1inch.io

Compliance 52

Compliance Financial Crimes Regulatory Compliance Crime 52

The Fintech Times

NOVEMBER 13, 2024

In May 2024, Bitget paused its services in the UK as it looked to ensure that it was compliant with new Financial Conduct Authority (FCA) crypto regulations. Gracy Chen, CEO, Bitget “At Bitget, compliance is the core of our expansion strategy.

Compliance 59

Compliance Returns Digital Currency Regulations 59

Innovative Payments Association

AUGUST 29, 2024

However, one major challenge that cannabis businesses face is banking compliance. To navigate the complex world of cannabis banking compliance, businesses must develop a strong compliance program. These should outline the company's compliance obligations, reporting requirements, and internal controls.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

The Payments Association

SEPTEMBER 17, 2024

With the rollout of new instant payment regulations under the SEPA Instant Credit Transfer (ICT) scheme, Europe’s cross-border payments landscape is significantly transforming. From overhauling existing systems to adjusting sanctions screening processes, firms need to navigate these complexities to stay compliant and competitive. Read more

Cross-Border Payments 141

Cross-Border Payments Cross-Border Compliance Technology 141

The Fintech Times

JULY 31, 2024

While many organisations are successfully solving genuine issues , regulators are as keenly focused on these firms as those out to maximise profits. Collaborative efforts between industry leaders and regulators are essential to streamline compliance processes without stifling innovation.”

Compliance 64

Compliance AML Regulations Due Diligence 64

Stax

SEPTEMBER 17, 2024

TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. What is PCI Compliance? Why Is PCI Compliance So Important? PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. That’s where Stax comes in.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Fintech News

SEPTEMBER 9, 2024

Yudhono Rawis Yudhono Rawis, CEO of Tokocrypto, added, “Over the past two years, Tokocrypto has continuously strengthened its commitment to maintaining high standards of regulatory compliance. ” In December 2022, Binance had acquired Tokocrypto and conducted mass layoffs with approximately 58% of its workforce being let go.

Web 3.0 116

Web 3.0 Regulations Regulatory Compliance Volume 116

The Fintech Times

SEPTEMBER 23, 2024

Nubank , the digital bank boasting over 100 million customers across South America, has selected a regulatory reporting solution from capital market tech provider Nasdaq , ‘AxiomSL’, to fulfil reporting obligations in Colombia and ensure compliance. However, the regulatory environment remains deeply complex for companies.

Compliance 105

Compliance Regulations Treasury Reporting Requirements 105

FloQast

APRIL 30, 2024

Today, perhaps more than ever before, compliance programs stand as crucial pillars for organizations, offering a roadmap to navigate through an ever-evolving landscape of regulations and risks. One common pitfall is the reliance on manual processes or fragmented technology solutions for managing compliance efforts.

Compliance 104

Compliance Addressing Audit Risk 104

Neopay

SEPTEMBER 2, 2024

As regulatory compliance continues to become more complex, having a robust monitoring plan in place is more important than ever. Margita, why is having a Compliance Monitoring Plan so important for businesses today? Can a Compliance Monitoring Plan be used for more than just adhering to FCA regulations? Absolutely.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

Fintech News

NOVEMBER 5, 2024

A hybrid method combining current and post-quantum cryptographic algorithms was employed, based on recommendations from the French National Cybersecurity Agency (ANSSI) and the National Institute of Standards and Technology (NIST), ensuring compliance with the latest international standards.

Posting 107

Posting Regulations Interoperability Cross-Border Payments 107

Finextra

SEPTEMBER 30, 2024

Complytek, a leader in AML compliance solutions, and Advapay, a specialist in core banking systems, have partnered to offer fintech companies a complete end-to-end solution—ensuring that businesses can grow their business while remaining fully compliant with local and global regulations.

Compliance 52

Compliance AML Regulations FinTech 52