Fintech News

MARCH 12, 2024

has been accorded in-principle approval for a Major Payment Institution License by the Monetary Authority of Singapore (MAS). This approval will permit OKX to engage in the provision of digital payment token (DPT) and cross-border money transfer services in Singapore, in compliance with the Payment Services Act 2019.

Cross-Border 104

Cross-Border Regulatory Compliance Best Practices Cryptocurrency 104

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. Terms of the deal were undisclosed. Blockchain and crypto solutions company Ripple announced its fourth acquisition today.

Acquirers 52

Acquirers Regulatory Compliance Settlement Blockchain 52

Fintech News

APRIL 7, 2024

A “compliance-first” approach underscores Ripple’s commitment to adhering to regulatory standards worldwide. The company has an extensive portfolio of licenses, including a New York BitLicense and a Major Payment Institution License from the Monetary Authority of Singapore , among others.

Stablecoins 107

Stablecoins Use Case Blockchain Regulatory Compliance 107

Fintech Finance

FEBRUARY 27, 2024

The FCA’s EMI licence, which builds on the company’s previous accreditation as an authorised payment institution in Europe, is a testament to Enfuce’s dedication to the highest standards of regulatory compliance.

Regulatory Compliance 52

Regulatory Compliance Compliance Accreditation Issuers 52

Neopay

JUNE 27, 2024

To ensure compliance, firms must thoroughly familiarise themselves with the regulations applicable to their business models. This includes understanding the different types of licenses available, such as payment institution (PI) licenses or electronic money institution (EMI) licenses.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

The Fintech Times

APRIL 5, 2024

Ripple is committed to regulatory compliance and has a growing license portfolio in key regions around the globe. There is demand from Ripple’s customers in emerging markets to enable stablecoin payouts.

Stablecoins 62

Stablecoins Use Case Blockchain On-Demand 62

Fintech Finance

MARCH 7, 2024

FOMO Pay, a leading major payment institution headquartered in Singapore, has implemented Bottomline solution to strengthen efficient payment workflows, effective treasury lifecycle management, and robust regulatory compliance.

Treasury 52

Treasury Compliance Cash Management SWIFT 52

Neopay

JUNE 3, 2024

For example, if you intend to offer e-money services, purchasing a firm with only payment institution permissions would necessitate a subsequent variation of permission (VoP), which carries its own risks and approval uncertainties. Regulatory compliance : Assess the target firm’s regulatory history.

Due Diligence 52

Due Diligence Acquirers Regulatory Compliance Compliance 52

The Payments Association

OCTOBER 11, 2024

The Financial Conduct Authority’s (FCA) proposed reforms to strengthen consumer fund safeguarding in the payments and e-money sectors. The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Open Banking Excellence

SEPTEMBER 21, 2023

Cybersecurity experts Duncan McDonald, Global Head of Compliance Services & Wayne Scott, Regulatory Compliance Lead, from The NCC Group explain how to prepare for DORA compliance and why the new legislation will enhance cyber resilience across the financial sector and its supply chain.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

The Fintech Times

APRIL 30, 2024

Additionally, the processors are moving towards providing embedded payment solutions themselves and forming strategic alliances with BNPL providers, thus maintaining relevance by innovating and improving the user experience (as well as creating potential revenue streams for themselves based on revenue-share models with the BNPL providers).

Embedded Finance 67

Embedded Finance Finance Payment APIs and Integration Processors 67

Fintech News

AUGUST 28, 2024

FlexM, a fintech company known for its Fintech-as-a-Service (FaaS) platform, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This development follows FlexM’s recent approval of a Payment Service Provider license from FINTRAC in Canada.

Regulatory Compliance 86

Regulatory Compliance Cross-Border Payments Payments Institute 86