Fintech News

FEBRUARY 2, 2025

million in penalties by US regulators due to a series of illegal actions, including misleading advertising regarding its fees. Regulators additionally determined that Wise did not refund remittance fees within the legally required timeframe when payments failed to arrive on time. Wise has been ordered to pay nearly US$2.5

Consumer Financial Protection Bureau (CFPB) 66

Consumer Financial Protection Bureau (CFPB) Regulations CFPB Cross-Border Payments 66

Fintech News

AUGUST 25, 2024

According to DealStreetAsia , this move comes as the company faces ongoing investigations and legal challenges from lenders. Concerns escalated after co-founder Adrian Gunadi was dismissed in January amid fraud and contract breach allegations, leading to legal action and his removal as director.

Legal 111

Legal Disputes Law Enforcement P2P 111

The Payments Association

MARCH 19, 2025

With the rise of digital assets, real-time payment methods, and evolving regulations, the pace of change has never been faster. Some governments embrace them, others restrict them, and many are still figuring out how to regulate them. The payments industry is undergoing a profound transformation.

Cross-Border 88

Cross-Border Reconciliation Compliance Payments 88

The Payments Association

JANUARY 13, 2025

Firms must invest in compliance, adapt workflows, and advocate for fair regulations. 2) End-state safeguarding rules: Statutory trust implementation: Relevant funds will be held under a statutory trust, providing additional legal protection for customers in the event of a firms insolvency. What’s next?

Compliance 88

Compliance Audit Legal Reconciliation 88

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. This transition is currently in progress.

APACS 130

APACS Regulations Stablecoins Cryptocurrency 130

The Fintech Times

DECEMBER 19, 2023

Here Akshata Namjoshi, associate partner, and Ratul Roshan , senior associate, at legal consulting firm KARM Legal Consultants, explore the evolving regulatory landscape of BNPL services in the United Kingdom, Australia, Ireland, and the United Arab Emirates (UAE).

BNPL 113

BNPL Regulations Finance Consumer Protection 113

The Payments Association

NOVEMBER 12, 2024

In his new role, Martin will play an instrumental part in continuing to grow the firm’s presence in the sector and enhancing its innovative solutions to continue to support clients with every day legal needs, business critical projects and every touchpoint in between.

Cross-Border 88

Cross-Border Disputes Legal Laws 88

The Paypers

OCTOBER 9, 2024

Singapore-based cryptocurrency exchange Crypto.com has initiated a lawsuit against the US SEC after receiving a legal threat from the regulator.

Legal 68

Legal Cryptocurrency Regulations 68

The Payments Association

FEBRUARY 14, 2025

With regulatory scrutiny at an all-time high, payments firms must keep pace with evolving regulations to avoid financial penalties and reputational risks. In 2025, three priorities stand out: safeguarding customer funds, expanding open banking, and preparing for stablecoin regulation.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

VISTA InfoSec

OCTOBER 21, 2024

Their key responsibilities as per article 39 of GDPR include: Guiding the controller, processor, and employees on their data protection obligations under relevant regulations, such as GDPR, CCPA, and others. Strong communication skills to easily convey technical and legal concepts to the stakeholders, regulators, and employees.

CCPA 208

CCPA Privacy Assessments Laws 208

Finextra

MARCH 7, 2025

Revolut and Visa have filed legal challenges against the Payment Systems Regulator over the UK watchdog's decision to cap interchange fees on cross-border online payments, according to the Financial Times.

Caps 72

Caps Legal Cross-Border Regulations 72

The Payments Association

OCTOBER 30, 2024

Compliance in payment communications is essential for trust and security; AI-driven solutions and customised frameworks help businesses meet regional regulations, ensuring secure global operations. Ensuring that communications comply with global regulations is essential for protecting a business’s reputation and operations.

Regulations 100

Regulations Cross-Border Compliance Fraud Prevention 100

VISTA InfoSec

MARCH 28, 2024

Companies that excel in data protection comply with stringent regulations and gain a competitive edge by building solid relationships with their customers. Data Minimization Data minimization means collecting only the information you absolutely need to serve your customers or comply with legal requirements.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

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 98

Cross-Border Payments Cross-Border Consulting Regulations 98

The Payments Association

NOVEMBER 27, 2024

The new amendments are set to bring legal entities in line with the existing open banking framework. Under the new regulations, banks must now allow account information service providers (AISPs) and payment initiation service providers (PISPs) access to account information for legal entities after securing their consent.

Third-Party Service Provider 88

Third-Party Service Provider API Legal Financial Inclusion 88

The Fintech Times

MARCH 18, 2025

To develop tokenised investment products and services in Dubai, the Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), is inviting firms to express their interest in participating in the DFSAs Tokenisation Regulatory Sandbox.

Participant 72

Participant Assessments Legal Regulations 72

Fintech Finance

SEPTEMBER 17, 2024

The work looked at various technical, legal and business case questions surrounding the development of a ‘platform for innovation’ and the main conclusions are: Such a platform, in collaboration with other important initiatives such as Open Banking, could deliver economic value and support innovation in the market.

Regulations 98

Regulations Finance Settlement Legal 98

Stax

DECEMBER 20, 2023

This article explores the legal landscape surrounding surcharges, shedding light on the intricacies of state and federal laws and strategies for small businesses to manage processing costs. Learn More Are Debit Card Surcharges Legal? Let’s start with the elephant in the room: are debit card surcharges legal?

Debit Card 88

Debit Card Legal Credit Cards Processing Costs 88

Fintech News

MARCH 11, 2025

In addition to securing FIU registration, Coinbases Chief Legal Officer, Paul Grewal , has joined the board of the U.S.-India India Business Council (USIBC), which plays a key role in strengthening commercial ties between the two nations. The company intends to be an active participant in this dialogue as it deepens its presence in India.

APACS 72

APACS Legal Returns Blockchain 72

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. 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

EBizCharge

DECEMBER 2, 2024

When used legally, the dual pricing approach can help businesses navigate the complexities of processing fees and empower consumers to make informed decisions at the point of sale (POS). For businesses, it provides a legal way to manage the hefty credit card processing costs and maintain competitive pricing for cash-paying customers.

Process 52

Process Credit Cards Legal Point-of-Sale (POS) 52

Fi911

JANUARY 4, 2024

Well, from a legal standpoint, there’s actually quite a lot. We will provide insight into how these regulations differ between card schemes, and help financial institutions to better understand the dispute process from all sides. Certain regulations known as “chargeback rules” are, in fact, based on legal statutes.

Disputes 92

Disputes Laws Rules Governance 92

Fintech Finance

MARCH 23, 2025

Vixio was recognised for its innovativ , technology-driven platform that empowers payments companies to stay ahead of ever-evolving regulations, mitigate risk, and unlock new growth opportunities across 180+ jurisdictions worldwide.

Payment APIs and Integration 83

Payment APIs and Integration Compliance Regulatory Compliance CHIPS 83

The Fintech Times

FEBRUARY 28, 2025

It necessitates robust safeguards and adherence to data protection regulations. “AI brings significant legal challenges to the fintech sector. AI regulations are nascent, with a growing, fragmented patchwork of federal, state, and industry-specific rules. There is a growing demand for transparent and explainable AI models.

AI 97

AI Regulations Best Practices Risk 97

VISTA InfoSec

SEPTEMBER 30, 2024

A data protection officer role is to act as a bridge between organizations, its employee, and the regulatory authorities ensuring that the handling of personal data is safe, lawful and in line with regulations like GDPR (General Data Protection Regulation). Additional Responsibilities of DPO (As seen in other Regulations) 1.

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

A data protection officer role is to act as a bridge between organizations, its employee, and the regulatory authorities ensuring that the handling of personal data is safe, lawful and in line with regulations like GDPR (General Data Protection Regulation). Additional Responsibilities of DPO (As seen in other Regulations) 1.

CCPA 130

CCPA Privacy Laws Data Breach 130

The Payments Association

NOVEMBER 25, 2024

The regulatory landscape: FCA and PSR’s roles in de-risking The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) are pivotal in shaping the UK’s financial ecosystem. By undermining regulated channels, de-risking paradoxically amplifies the very threats it aims to mitigate.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

The Payments Association

FEBRUARY 10, 2025

Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Voices from the industry Virtual IBAN regulations are evolving as regulators tighten AML compliance, data protection, and cross-border payment rules. What’s next?

IBAN 88

IBAN AML Master Account Due Diligence 88

The Payments Association

FEBRUARY 10, 2025

This legislation represents a significant shift in corporate accountability, aiming to strengthen the UKs legal framework against financial crime. Voices from the industry Businesses subject to the Failure to Prevent Fraud offence must understand their legal obligations under the new law.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

The Payments Association

DECEMBER 18, 2024

As the UK payments industry begins implementing the National Payments Vision (NPV), the role of regulators in fostering innovation is increasingly pivotal. Regulators do not generally drive innovationbusinesses do, he explains. However, he acknowledges significant hurdles, including technical, legal, and commercial challenges.

Innovation 88

Innovation Financial Crimes Payments Regulations 88

VISTA InfoSec

SEPTEMBER 27, 2024

Their key responsibilities as per article 39 of GDPR include: Guiding the controller, processor, and employees on their data protection obligations under relevant regulations, such as GDPR, CCPA, and others. Strong communication skills to easily convey technical and legal concepts to the stakeholders, regulators, and employees.

CCPA 130

CCPA Privacy Assessments Laws 130

EBizCharge

JANUARY 6, 2025

Cash discounts are legal across the United States but must comply with specific guidelines and transparency requirements to avoid legal discrepancies. Both methods require care to ensure transparency, as misleading pricing can damage customer relationships or lead to legal non-compliance. How do cash discounting programs work?

Legal 52

Legal Adjustments Compliance Assessments 52

VISTA InfoSec

AUGUST 22, 2023

The General Data Protection Regulation (GDPR) plays a key role in safeguarding individuals’ privacy rights and ensuring the responsible handling of biometric data. Use beyond the original purposes requires explicit consent or legal justification. was fined EUR 20 million by the Italian SA for violating several GDPR regulations.

Privacy 130

Privacy Compliance Legal Best Practices 130

The Payments Association

MARCH 18, 2025

As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration. Unlike open finance, which typically operates within regulated frameworks, open data relies heavily on voluntary data sharing and commercial agreements.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

VISTA InfoSec

JUNE 26, 2024

Non-compliance with regulations like GDPR, HIPAA, and CCPA can have severe repercussions, including hefty fines and operational restrictions. Industries with stringent regulatory requirements, such as finance and healthcare, particularly benefit from strong cybersecurity, as compliance avoids legal penalties. 5 / 5 ( 1 vote )

Cybersecurity 260

Cybersecurity Due Diligence Security Breach 260

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. Yes, companies in the US, as well as US companies inside of the EU, are bound by the GDPR’s regulations. entities due to its extraterritorial reach.

Compliance 130

Compliance Privacy Legal Processors 130

The Payments Association

JANUARY 3, 2025

Improving regulations, using technology for detection, and fostering industry-wide cooperation. Tao described the difficulties of navigating the legal and organisational hurdles that often impede data sharing. McMurtrie opened the discussion by underscoring the limitations of current regulations. Why is it important?

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88