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 Fintech Times

FEBRUARY 7, 2024

The UK government has set over £100million aside for researching and developing Artificial Intelligence (AI) technology, and to support regulation in the space. The government has also pledged £10million to prepare and upskill regulators to address and make the most of the opportunities presented by AI.

Government 110

Government Governance AI Regulations 110

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, a blockchain and digital asset solutions provider, has launched a new US dollar-backed stablecoin called Global Dollar (USDG).

Stablecoins 88

Stablecoins Regulations Regulatory Compliance PayPal 88

Finextra

APRIL 2, 2024

The governments of the UK and US have signed what they claim is the first international bilateral agreement to regulate the risks of artificial intelligence (AI) models.

Agreements 116

Agreements Regulations AI Government 116

Finextra

SEPTEMBER 11, 2024

The new Labour Government says it remains committed to taking forward the Private Intermittent Securities and Capital Exchange System (Pisces), a bespoke regulated market for private company shares.

Government 64

Government Governance Regulations Security 64

Neopay

OCTOBER 23, 2024

Summary The government is consulting on draft legislation to bring Buy-Now Pay-Later products into regulation. However, without regulation there are risks. However, without regulation there are risks. The government has published a consultation setting out its plans for regulating the BNPL market.

Consulting 52

Consulting Regulations BNPL Treasury 52

The Fintech Times

JULY 15, 2024

Akshata Namjoshi, Kabir Kuma, and Ahlam Faouzi The UAE has positioned itself at the forefront of the global virtual assets sector, becoming a pioneering jurisdiction in developing comprehensive regulations for virtual assets. A unique characteristic of FSRA’s regulatory framework is the regulation and licensing of the issuance of fiat tokens.

Stablecoins 96

Stablecoins Regulations Multi-Currency Issuers 96

The Paypers

FEBRUARY 1, 2023

The UK government has revealed its plans to fully regulate crypto asset activities as part of the UK’s efforts to become a global crypto hub.

Government 41

Government Governance Regulations 41

BioCatch

OCTOBER 30, 2024

First, the US government, although it talks about protecting consumers from scams, has done little to add guidance/regulation for financial institutions to improve scam controls. This legislation allows financial institutions to hold suspicious transaction from elderly/vulnerable accounts. So, why is this happening at the state level?

Scams 52

Scams FFIEC Government Governance 52

Neopay

OCTOBER 23, 2024

Documents The Payment Services (Amendment) Regulations 2024 PDF , 104 KB , 3 pages This file may not be suitable for users of assistive technology. Published 3 October 2024 Source : HM Treasury The post Policy paper: The Payment Services (Amendment) Regulations 2024 appeared first on Neopay.

Regulations 52

Regulations Treasury Payments Returns 52

Fintech News

SEPTEMBER 17, 2024

A new report by CMSPI, an American payment consultancy, produced in collaboration with Amazon, explores payment trends and regulations in Asia-Pacific (APAC), focusing on the impact of rising card fees on merchants and the regulatory responses to these challenges.

APACS 96

APACS Regulations Caps Real Time Payments 96

The Fintech Times

OCTOBER 23, 2024

“As governments in the region implement forward-thinking policies, the interplay between regulation and businesses becomes increasingly vital. The post MENA Governments are Successfully Facilitating Rapid Growth of Digital Payments, Says Checkout.com appeared first on The Fintech Times.

Facilitators 70

Facilitators Government Governance Digital Payments 70

Finextra

OCTOBER 30, 2024

New trends in payments are emerging, with regulator-led innovations sparking 'coopetition' among governments, private companies, and big tech.

ISO 20022 69

ISO 20022 Regulations Innovation ISOs 69

Fintech News

JUNE 5, 2024

Australia will introduce new legislation to amend the Credit Act, requiring Buy Now, Pay Later (BNPL) providers to hold an Australian credit license and comply with existing credit laws regulated by the Australian Securities and Investments Commission (ASIC). If it looks and acts like credit, then it should be regulated as such.

Regulations 99

Regulations BNPL Product Consumer Protection 99

Fintech News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.

APACS 106

APACS Regulations Stablecoins Cryptocurrency 106

The Fintech Times

FEBRUARY 23, 2024

Moreover, existing regulations inadequately address the issue, with a corporate opt-out loophole enabling banks to conceal fees within exchange rates, resulting in considerable financial detriment to SMBs. This needs to end now, and the Government can do so without costing the taxpayer a penny. Sign the petition now.”

Government 102

Government Governance International Payments Small Business 102

Fintech Finance

OCTOBER 24, 2024

As the government plans to regulate buy now pay later firms by 2026, more than one in ten millennials (13%) and Gen Z (11%) consumers plan to put Christmas on credit using buy now pay later apps*, RSM UK’s latest Consumer Outlook reveals. RSM UK recommends providers take the following steps to prepare for the new regulation.

Regulations 91

Regulations Agreements Checks Consulting 91

Finextra

JUNE 21, 2024

The MiCA regulation has established a unanimous law to govern and regulate crypto assets. The regula.

Regulations 52

Regulations Laws Government Governance 52

Fintech Finance

SEPTEMBER 17, 2024

As a result of this Experimentation Phase, UK Finance and its members welcome further engagement with regulators and other public bodies as the industry continues to drive innovation in payment markets. The Experimentation Phase demonstrated the power of industry collaboration to deliver a platform for innovation in the UK.

Regulations 95

Regulations Finance Settlement Legal 95

The Fintech Times

SEPTEMBER 23, 2024

Artificial intelligence (AI) and environmental, social and governance are some of the industry’s favourite terms to throw around. Only 39 per cent are committed to hiring experts in the field of AI and imposing governance and oversight structures to maximise the related opportunities.

AI 57

AI Regulations Fraud Detection Regulatory Compliance 57

Core

MARCH 19, 2024

City and county government institutions bear the responsibility of careful management—and protection—of public funds. Still, payment fraud is a concern in every sector, and the stakes for government organizations are especially high. The solution: robust government fraud detection mechanisms for payment systems.

Fraud Detection 52

Fraud Detection Government Governance Compliance 52

Innovative Payments Association

AUGUST 15, 2024

As a result, regulators are now taking a closer look at how AI is being used in FinTech and are working to establish guidelines and regulations to ensure that AI is being used responsibly and ethically. One of the key issues that regulators are focusing on is the transparency and explainability of AI algorithms.

Boot Camp 52

Boot Camp Regulations AI FinTech 52

The Paypers

SEPTEMBER 9, 2024

As part of the government’s 2024-2027 National Strategy for AML, CFT, and Proliferation Financing, the United Arab Emirates (UAE) has introduced new regulations to mitigate financial crime.

Financial Crimes 41

Financial Crimes AML Crime Regulations 41

The Fintech Times

JANUARY 22, 2024

UK businesses will need to meet new standards following the Financial Reporting Council (FRC)’ s “small but important” revisions to the UK Corporate Governance Code. The post Enhanced Transparency: FRC’s Overhaul of UK Corporate Governance Code appeared first on The Fintech Times.

Government 57

Government Governance Due Diligence Audit 57

The Fintech Times

MAY 15, 2024

In a move to bolster cybersecurity and protections for AI models against hacking and sabotage, the UK government has officially unveiled a host of new measures, which also hope to set a new global standard. The codes set out requirements for developers to make products more resilient against tampering, hacking, and sabotage.

Cybersecurity 70

Cybersecurity AI Government Governance 70

The Fintech Times

SEPTEMBER 12, 2024

However, it is key not to forget the role of the regulator. Despite this, the UK regulator didn’t hand out any fines or punishments, prompting us to ask if tougher penalties or consequences would lead to better outcomes. Should regulators impose tougher penalties on firms that fail to comply?

Compliance 62

Compliance Regulations Financial Crimes Non-Bank 62

The Fintech Times

APRIL 8, 2024

Here, Sinead McHale , CEO of Satago , the cloud-based cash flow management and invoice finance solution, discusses whether the government’s stance on late payments goes far enough for SMEs. How is the government currently supporting SMEs? The post Support for SMEs: Has the Government Gone Far Enough?

Government 57

Government Governance Economy Small Business 57

The Paypers

JUNE 6, 2024

The EBA has worked on shaping the regulatory landscape for crypto assets by publishing three regulatory products on governance, conflicts of interest, and remuneration under MiCAR.

Government 36

Government Governance Product Regulations 36

The Paypers

JUNE 6, 2024

The EBA has worked on shaping the regulatory landscape for crypto assets by publishing three regulatory products on governance, conflicts of interest, and remuneration under MiCAR.

Government 36

Government Governance Product Regulations 36

Innovative Payments Association

JUNE 26, 2024

Regulators are facing a deadline for any new rules that they want to put in place, but that deadline isn’t the election, or even the inauguration of a new president. It requires federal agencies to submit any major rule to the Government Accounting Office and to both houses of Congress before the rule goes into effect.

Regulations 52

Regulations Rules Laws Governance 52

Global Fintech & Digital Assets

NOVEMBER 16, 2023

Recognizing new realities in decentralization, the regulations aim to provide market players with governance flexibility within distributed ledger technology foundations. The Regulations were published on November 1, 2023. Latham & Watkins has advised ADGM in drafting the Regulations. What are DLT Foundations?

Regulations 52

Regulations Technology Distributed Ledger Technology (DLT) Audit 52

Core

OCTOBER 4, 2023

With the ever-growing shift toward digital transactions, the need for governments to implement more extensive front- and back-end system integration is clear. Government enterprise resource planning (ERP) payment systems arise to confront these challenges. Seamless integration requires skilled personnel, time, and money.

Government 52

Government Governance Payment Reconciliation Payment Gateways 52

PYMNTS

DECEMBER 20, 2020

Alibaba billionaire Jack Ma told Chinese regulators in November that he would give portions of Ant Group , the FinTech he founded, to the country's government in what so far has appeared to be an unsuccessful effort to make peace with authorities in the country, The Wall Street Journal (WSJ) reported.

Government 111

Government Governance Disputes Regulations 111

The Fintech Times

MAY 11, 2024

A refreshing sentiment that stands in stark contrast to the usual grumblings elsewhere that regulations hinder innovation. In Dubai, stakeholders view regulations as a catalyst for growth and success, providing a sturdy foundation that drives the thriving developments in the fintech sector.

Regulations 57

Regulations FinTech Innovation Authorization 57

Neopay

JUNE 24, 2024

Earlier this month, industry body The Payments Association called on the incoming head of the Payments Systems Regulator (PSR) to delay activating new APP fraud regulations around reimbursements. Source : Payments Cards and Mobile The post New regulation on APP fraud will come into play as planned appeared first on Neopay.

Regulations 52

Regulations Online and Mobile Banking Rules Push-to-Card 52

Fintech Finance

JULY 16, 2024

The Financial Stability Board (FSB) published today, for public consultation, its proposed recommendations to promote greater alignment in data frameworks related to cross-border payments and consistency in the regulation and supervision of bank and non-bank payment service providers.

Cross-Border Payments 94

Cross-Border Payments Cross-Border Consulting Regulations 94

The Paypers

SEPTEMBER 2, 2021

A poll for Euronews has found that a majority of Europeans want their own governments to regulate cryptocurrency while a growing number would also support the creation of national digital currencies.

Cryptocurrency 34

Cryptocurrency Government Governance Regulations 34