Global Fintech & Digital Assets

FEBRUARY 13, 2024

By Simon Hawkins and Adrian Fong On 8 February 2024, the Financial Services and the Treasury Bureau (FSTB) released a consultation paper on its legislative proposal to introduce a regulatory regime governing over-the-counter (OTC) trading of virtual assets (VA) in Hong Kong (Consultation Paper). Certain regulated entities exempted.

Regulations 59

Regulations Money Laundering Stablecoins Consulting 59

The Fintech Times

MARCH 7, 2024

Just a stone’s throw away from the Houses of Parliament as Jeremy Hunt revealed his new Spring Budget, MoneyLive Summit returned to London with its annual offering of presentations, panel discussions and insights centred around all things banking and payments. And this leads to say, what else can we do from the bank’s perspective?

AI 64

AI Non-Bank Returns Due Diligence 64

Nanonets

APRIL 29, 2024

This software enables finance professionals to compare and match transactions and balances recorded in the general ledger with external sources such as bank statements, vendor invoices, and other financial documents.

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

PYMNTS

JANUARY 13, 2020

trillion gap in available trade finance, non-bank players have flooded the market to address the demand — and introduce efficiencies to an area of finance that has historically been bogged down by paper, manual processes and burdensome compliance requirements. “Factoring should never replace a bank.

Finance 56

Finance Non-Bank Cross-Border Due Diligence 56

Fintech News

JUNE 10, 2024

Yeshu Agarwal, 29, Co-Founder and CTO, Transak, India Yeshu Agarwal is the co-founder and CTO of Transak, a web3 payment gateway that simplifies the buying and selling of cryptocurrencies and non-fungible tokens (NFTs). Agarwal began his entrepreneurial journey at the age of 16, creating his first micro SaaS Android app.

FinTech 125

FinTech Non-Bank Finance AI 125

FICO

MARCH 13, 2017

For many banks, KYC — Know Your Customer — means asking them how they intend to use a product, where the funds are coming from for their new account, etc. At the same time, the bank will check the customer against sanction lists, PEP (politically exposed persons) lists, and so forth. Should banks care? It’s not enough.

Money Laundering 45

Money Laundering Database BSA Due Diligence 45

Fintech News

JANUARY 24, 2024

In May 2023, the MAS released a Consultation Paper on amendments to the Payment Services Regulations 2019, introducing new measures for Digital Payment Token (DPT) services, including a requirement for customer asset safekeeping under statutory trust. Sparrow Tech Private offers digital asset products and solutions.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Stablecoins 98

The Fintech Times

JULY 15, 2024

In this article, Akshata Namjoshi, Kabir Kuma, and Ahlam Faouzi from KARM Legal Consultants , the emerging technologies-focused law firm, provide an in-depth analysis of the UAE’s regulatory landscape for stablecoins. DIFC VASPs in DIFC are regulated by the DFSA, which introduced its crypto token regime on 1 November 2022.

Stablecoins 96

Stablecoins Regulations Multi-Currency Issuers 96

Nanonets

FEBRUARY 13, 2024

Professional Fees : Outsourcing professional services such as legal advice, accounting, and consulting can be crucial for business success. Insurance : Adequate insurance coverage is non-negotiable for protecting your business. Consider consulting with a tax professional to ensure compliance and optimization of tax benefits.

IRS 52

IRS Automation Adjustments Audit 52

FICO

MARCH 6, 2020

A partnership aimed at helping banks, payment providers and fintechs meet the ever stronger regulatory demands while reducing effort and expense. . We serve corporates, insurance companies, and banks – be it a retail, private, wealth management, automotive or telecom bank, tier 1 or tier 3 bank. What do you do?

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

CB Insights

OCTOBER 31, 2017

So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts. It did not close because the customer base isn’t there or due to a lack of demand for its lending products. Title: Millions still in the bank, GoZoomo shuts shop, returns VC money. Product: Shoes.com.

Posting 78

Posting Product Online and Mobile Banking On-Demand 78

CB Insights

NOVEMBER 16, 2017

Mobileye built a successful company in Jerusalem, outside of traditional tech hubs, and raised money from non-traditional investors like Goldman Sachs. In addition, UCWeb was white-labeling custom mobile browsers and doing consulting for Chinese telecommunications companies. To do that fully, UCWeb needed investment.

Returns 78

Returns Online and Mobile Banking Acquirers On-Demand 78