Fintech News

SEPTEMBER 9, 2024

Featured image credit: Edited from Freepik The post Indonesian Regulator Grants Binance-Backed Tokocrypto Trading License appeared first on Fintech Singapore. .” In December 2022, Binance had acquired Tokocrypto and conducted mass layoffs with approximately 58% of its workforce being let go.

Web 3.0 122

Web 3.0 Regulations Regulatory Compliance Volume 122

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

Finextra

OCTOBER 22, 2024

Regulators must define a “minimum set of data” to be shared between banks that would still “serve the purpose” of fraud detection and prevention, said Michele Gentile, head of group correspondent banking, APAC, UniCredit, at Sibos today.

Correspondent Bank 111

Correspondent Bank Fraud Detection Regulations APACS 111

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 98

Instant Payments Regulations SWIFT Payments 98

Fintech Finance

DECEMBER 3, 2024

PayRetailers , a leading payment processor in Latin America and Africa, has launched an enhanced Pix payment solution to assist betting operators in Brazil as they prepare for the new sports betting regulations set to take effect on 1 January 2025.

Regulations 98

Regulations Account Validation Compliance Automation 98

Fintech News

DECEMBER 16, 2024

The event is expected to bring together leading regulators, fintech executives, banks, and industry disruptors from across the Asia-Pacific region to discuss trends and innovations shaping the financial sector, with a focus on real-world case studies and actionable strategies.

Regulations 86

Regulations FinTech Embedded Finance APACS 86

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 105

Instant Payments ISO 20022 Regulations Fraud Detection 105

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 89

Regulations Payment APIs and Integration Settlement Stablecoins 89

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 97

Regulations Agreements Checks Consulting 97

The Fintech Times

DECEMBER 9, 2024

The post Google Hits Back at US Regulator Over Payment Arm Supervision appeared first on The Fintech Times. The agency began using its dormant oversight powers after a 2022 assessment found gaps in its supervisory programme. Companies notified of supervision can either accept the designation or contest it, as Google has done.

Consumer Financial Protection Bureau (CFPB) 75

Consumer Financial Protection Bureau (CFPB) CFPB Regulations Legal 75

Payments Dive

MARCH 4, 2024

Federal regulators reviewing whistleblower allegations related to Block’s Cash App may act on the complaints this year, predicted an attorney for the complainants.

Blocks 177

Blocks Regulations 177

Finextra

DECEMBER 16, 2024

The UK's Financial Conduct Authority has set out its latest steps to improve the integrity of the UK's crypto market.

Regulations 83

Regulations Authorization 83

Payments Dive

SEPTEMBER 8, 2023

“Regulations imposed by Big Tech firms have a big impact on whether consumers and businesses can make payments using third-party apps,” CFPB Director Rohit Chopra said in a Thursday press release.

CFPB 183

CFPB Regulations Consumer Payments 183

Fintech News

DECEMBER 5, 2024

Coinbase plans to hire country leaders in Thailand and the Philippines to coordinate with developers, regulators, and content creators, fostering innovation and adoption of blockchain-based solutions. This was enabled through Rubie , a baht stablecoin wallet developed by Siam Commercial Bank (SCB) in collaboration with Base.

Stablecoins 135

Stablecoins Cross-Border Payments Cross-Border Blockchain 135

Payments Dive

OCTOBER 24, 2024

Regulators and industry participants worry that FDX will have an unfair monopoly and will advantage its own members if no other organization applies.

Participant 147

Participant Regulations 147

Payments Dive

NOVEMBER 13, 2023

The EU would require big tech companies, like Apple and Google, to offer their customers payment services through the new digital identity wallet if the regulation is approved.

Regulations 158

Regulations Payments 158

Fintech Finance

AUGUST 27, 2024

the innovative, tech-driven payments bank, announces the launch of EURI, a bank-backed stablecoin, compliant with the Markets in Crypto Assets Regulation (MiCA). The launch of EURI follows the implementation of the first phase of the MiCA regulation which applies to asset referenced tokens and e-money tokens from the 30 June 2024.

Stablecoins 116

Stablecoins Multi-Currency Regulations Risk Mitigation 116

Open Banking Excellence

JULY 1, 2024

Open Banking in a Box, a new programme from Open Banking Excellence (OBE) , is leveraging the UK’s position as the world leader in open banking to help regulators globally develop their own open banking markets. This provides the building blocks for regulators globally to drive transformational change in their own countries.

Use Case 130

Use Case Cross-Border Regulations Best Practices 130

The Fintech Times

JUNE 29, 2024

The first stage of the European Union ‘s Markets in Crypto Assets Regulation (MiCA) will come into play on 30 June. In terms of market surveillance, the MiCA regulation is based upon requirements set out in the EU’s Market Abuse Regulation (MAR).

Stablecoins 138

Stablecoins Regulations Compliance Cryptocurrency 138

Open Banking Excellence

JULY 9, 2024

In my conversations with Open Banking Excellence, it is clear to me that by sharing the Kazakh experience and journey with regulators and the like, we can learn from each other to promote the digital economies of all of our countries. Regulator-led Pilot Focused on Open API Infrastructure Our pilot launched on Nov.

API 147

API Payment APIs and Integration Participant Regulations 147

Fintech News

DECEMBER 3, 2024

The Telecommunication Regulator of Cambodia (TRC) implemented this action due to the platforms’ lack of necessary licensing from the Securities and Exchange Regulator of Cambodia (SERC).

Blocks 113

Blocks Money Laundering Scams Regulations 113

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

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

Finextra

DECEMBER 16, 2024

The Australian Securities and Investment Commission (Asic) is suing HSBC for failing to adequately protect customers scammed out of millions of dollars.

Scams 69

Scams Regulations Security 69

Open Banking Excellence

MAY 23, 2024

Following this announcement, the Konsentus Q1 2024 TPP tracker has revealed an overall growth in the European third parties that are regulated to provide Open Banking services around their domestic market, as well as an overall increase in TPPs authorised to initiate payments and transactions on an account holder’s behalf.

Cross-Border 130

Cross-Border Cross-Border Payments Non-Bank Regulations 130

Fintech News

SEPTEMBER 11, 2024

Swift, the global financial messaging network, is actively working to incorporate regulated digital assets and currencies onto its platform. In a broader push for global interoperability, Swift is exploring ways to connect emerging bank-led networks, such as the US Regulated Settlement Network, with other financial infrastructure.

SWIFT 145

SWIFT Multi-Currency CBDC Interoperability 145

Payments Dive

MAY 23, 2024

This week, South Carolina became the fifth state to enact a law regulating earned wage access providers, but it doesn’t subject them to lending laws.

Laws 130

Laws Regulations 130

The Payments Association

NOVEMBER 28, 2024

PSD3 builds on PSD2 by clarifying regulations, expanding bank liability, and introducing stricter IT and risk standards. The PSR (Payment Service Regulation) complements the Payment Service Directive, leading to directly applicable law in all EU states. PSD3 and PSR are the latest initiatives driving these goals. What are PSD3 and PSR?

Authentication 88

Authentication Regulations IBAN Rules 88

Stax

DECEMBER 20, 2023

Please note there are many other categories not covered in this table, including variations by card type, business type, whether the bank is regulated or exempt, and more. Beyond the card type (debit, or the various kinds of credit cards), you’ll also see “exempt” or “regulated” which indicate different fees for debit cards.

Credit Cards 167

Credit Cards Debit Card Processors Non-Bank 167

The Fintech Times

APRIL 17, 2024

The UK’s Regulated Liability Network has chosen R3 , a company specialising in enterprise distributed ledger technology and services, as well as Quant , a blockchain provider for finance, to develop the technology prototype for its experimental stage.

Payment APIs and Integration 137

Payment APIs and Integration Blockchain Finance Digital Payments 137

Finextra

NOVEMBER 12, 2024

UK financial regulators have confirmed new rules to bolster the resilience of technology and other third parties providing key services to financial firms.

Rules 124

Rules Regulations Technology 124

The Fintech Times

MAY 26, 2024

A key part of open banking is regulated third-party providers (TPP). In September 2019, Konsentus started reporting on the number of regulated open banking third parties in the European Economic Area (EEA). They act as intermediaries between the bank and the customer.

Cross-Border 129

Cross-Border Non-Bank Regulations Payments 129

VISTA InfoSec

JUNE 3, 2024

If your company has ever worked with businesses in European Union countries, you probably had to follow the EU’s General Data Protection Regulation (GDPR). Compliance with Other Standards and Regulations While GDPR sets a high bar for data protection, organizations must also consider compliance with other relevant standards and regulations.

MFA 130

MFA Credential PCI DSS Compliance 130

Finextra

NOVEMBER 22, 2024

To mark International Fraud Awareness Week, Payments System Regulator (PSR) has released research on the impact of Authorised Push Payment (APP) fraud on UK consumers.

Regulations 105

Regulations Research Consumer Payments 105

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 178

CCPA Privacy Assessments Laws 178

Fintech News

AUGUST 12, 2024

This approval follows an in-principle nod received earlier this year and allows BitGo to offer regulated digital payment token services in Singapore. Clients can now access deep liquidity and leverage BitGo’s advanced platform for trading and custody in a regulated environment.

Security 113

Security Regulations Payments Institute On-Demand 113

Open Banking Excellence

SEPTEMBER 27, 2024

Half a decade ago, Mexico demonstrated its ongoing commitment to updating its financial regulation with the introduction of the Fintech Law. Other important data to consider: Regulators Open Banking Opportunities In Mexico Our optimism for Mexico’s potential is boundless. of households, while Internet penetration is 62.9%.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147