Fintech News

MAY 27, 2024

2561 (2018). This review is required by the Act on Legislative Drafting and Evaluation of Law B.E. 2562 (2019), which mandates regular evaluations of laws. Thailand’s Securities and Exchange Commission (SEC) is seeking public input on proposed changes to the Emergency Decree on Digital Asset Businesses B.E.

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Laws Legal Consulting Addressing 120

VISTA InfoSec

SEPTEMBER 30, 2024

To overcome these challenges, data protection laws are established. Data protection laws safeguard personal information and establish important guidelines on collection, storage, processing, sharing and disposal of personal data. This was part of its broader aim to strengthen data protection and privacy for individuals within the EU.

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CCPA Privacy Data Breach Laws 130

VISTA InfoSec

OCTOBER 21, 2024

To overcome these challenges, data protection laws are established. Data protection laws safeguard personal information and establish important guidelines on collection, storage, processing, sharing and disposal of personal data. This was part of its broader aim to strengthen data protection and privacy for individuals within the EU.

CCPA 130

CCPA Privacy Data Breach Laws 130

Segpay

SEPTEMBER 30, 2024

This blog explores child protection laws across key Latin American countries, highlighting their different approaches and the evolving regulatory frameworks. The statute was updated in 2014 to include Internet and Child Protection to protect kids from online exploitation, cyberbullying, and access to inappropriate content ( Law 12,965/2014 ).

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Verification Legal Framework Laws Legal 111

CB Insights

MARCH 6, 2019

Thirty-seven Chinese companies reached billion-dollar valuations in 2018, operating in areas as diverse as healthcare, transportation, and education, among others. Using CB Insights data, we identified all the China-based startups that have reached a $1B+ valuation in 2018. A s of 2018, more than 5 million drivers and 1.25

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Bitcoin Law Enforcement Technology Product 72

FICO

JANUARY 7, 2019

The tremendous interest in AI and machine learning drove the readership on the Fraud & Security blog in 2018. The post Top 5 Fraud & Security Posts 2018: AI and Machine Learning appeared first on FICO. Here are the five posts with the most views. 5 Keys to Using AI and Machine Learning in Fraud Detection. Read the full post.

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Posting AI Fraud Detection Security 74

PYMNTS

MARCH 2, 2020

New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws. The California Consumer Privacy Act went into effect in January, and the European Union’s General Data Protection Regulation ( GDPR ) went into effect in 2018.

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Privacy Regulations Laws Agreements 99

PYMNTS

FEBRUARY 10, 2020

Although the law has only been in effect since Jan.1, The CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018. The California law is more specific and more punitive for breaches. In retailing it’s usually a good thing when you’re the first to do something.

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CCPA Laws Privacy Data Breach 62

PYMNTS

FEBRUARY 20, 2019

It will also help us bring more cryptocurrencies and features to more people, while helping ensure compliance with local laws and regulations.” ” In other news, new information has shown that Bitmain lost about $500 million in the third quarter of 2018.

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Bitcoin Posting Cryptocurrency Blockchain 65

The Payments Association

DECEMBER 11, 2024

In relation to safeguarding , the FCA is rightly concerned that for firms that became insolvent between Q1 2018 and Q2 2023, there was an average shortfall of 65% in funds owed to clients (i.e. Nonetheless, in practice, the interaction of segregation requirements and insolvency law is often a key focus of insolvencies.

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Treasury Consulting Payments Consumer Protection 88

PYMNTS

JANUARY 22, 2020

India is on the verge of passing a data protection law in 2020 that, in some respects, mirrors – and may help inform – other initiatives around the globe. And once the law is official in India, the country will take its place alongside the U.K. Will India prove to be a model for open banking ? and Australia. The Mechanics of It All.

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Laws Payments Data Non-Bank End User 56

Neopay

JUNE 26, 2025

These standardised terms , which the EBA had issued in 2018, aim at making it easier for consumers to make informed choices by being able to compare payment accounts fees and offers, including on a cross-border basis. The review finds that the standardised terms remain fit-for-purpose across the European Union.

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Accounts Cross-Border Payments Authorization 52

The Fintech Times

JANUARY 29, 2025

Recognising the importance of fintech for long-term economic development, Qatar has also integrated fintech into its Second National Development Strategy 2018-2022.

FinTech 59

FinTech Central Bank Authorization Legal 59

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. Nevertheless, it is essential to review and complement the existing legislation with complementary laws to fully unleash the potential of this ecosystem.

Financial Inclusion 147

Financial Inclusion Laws FinTech Regulations 147

PYMNTS

JULY 5, 2020

It’s intended to “enhance the availability of financial services and the financial transparency of hemp-related businesses in compliance with federal law,” the notice said. Hemp, a strain of cannabis with lower concentrations of THC, the substance that makes users high, was legalized in 2018.

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Treasury Office of the Comptroller of the Currency Fincen Financial Crimes 140

PYMNTS

JANUARY 8, 2021

16, Massachusetts securities regulators filed a complaint against Robinhood alleging that the company aggressively marketed to inexperienced investors and failed to implement controls to protect them, violating state laws and regulations. The FinTech offers a brokerage app that is often favored by inexperienced investors.

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Settlement Legal Regulations FinTech 145

Fintech News

FEBRUARY 25, 2024

2561 (2018), has enforced a continued suspension of Zipmex’s operations. Pending the Minister of Finance’s decision on the license revocation, Zipmex remains under the SEC’s oversight, obligated to comply with all applicable laws and regulations governing digital asset businesses.

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Legal Returns On-Demand Laws 120

Fintech News

FEBRUARY 25, 2024

As a result, the authorities are investigating the firm for potential fraudulent trading under the Insolvency, Restructuring and Dissolution Act 2018, alongside violations of obligations under the Financial Services and Markets Act 2022 and the Payment Services Act 2019.

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Authorization Laws Business Day Compliance 109

PYMNTS

OCTOBER 23, 2020

million in 2018 and was valued at $170 million, according to PitchBook. In August, BitGo applied to New York regulators to become an independent, regulated qualified custodian under the state's banking laws. A deal might be reached in the coming weeks, though nothing has been set in stone yet and talks might collapse. BitGo raised $58.5

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PayPal Bitcoin Digital Currency Cryptocurrency 107

PYMNTS

MARCH 8, 2020

After Paymium loaned BitSpread 1,000 Bitcoin in 2014, a dispute erupted sometime before 2018. If the courts decide Bitcoin is property, then law enforcement could track down thieves and return the stolen goods to their rightful owners. The result of the ruling could lead to more activity in the French bitcoin market.

Bitcoin 112

Bitcoin Law Enforcement Cryptocurrency Rules 112

PYMNTS

MAY 22, 2020

Albania’s Parliament has signed a comprehensive law to regulate the conditions for licensing all activity of cryptocurrency in the country. It will also “prevent abusive practices in the market, where severe fines are stipulated for anyone who violates the provisions of the law,” according to Denaj, Cointelgraph reported.

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CHIPS Blockchain Cryptocurrency Regulations 77

Fintech News

JULY 17, 2024

These figures underscore the immense challenge facing regulators and law enforcement agencies in their efforts to curb illicit financial flows in the crypto space. The United Arab Emirates has amended Federal Decree-Law No. (20) billion in 2024.

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Money Laundering Law Enforcement AML Non-Bank 109

PYMNTS

JUNE 29, 2020

The company landed its first round of funding in the fall of 2018, when Jinshajiang Venture Capital, CapitalToday’s Xu Xin and ZhenFund helped the venture get off the ground with tens of millions in angel round funding.

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Laws Finance Research Product 109

PYMNTS

AUGUST 20, 2020

This went on between 2014 and 2018, the court document stated. Through December 2018, the court document stated TD Bank’s policy of asking customers to verbally state whether they wanted to enroll in DCA violated the law. That’s in addition to standard overdraft service for normal transactions.

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CFPB Enrollments Debit Card Checks 105

PYMNTS

DECEMBER 11, 2020

Merricks alleges Mastercard is in violation of the European Union’s competition law because of the “interchange” fees charged to retailers for card use. The case stems from an European Commission (EC) ruling in 2007 that said Mastercard interchange fees were in breach of competition law. . The £14 billion (roughly $18.5

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Visa Laws Rules Debit Card 86

Payments Dive

JUNE 11, 2025

Sean Gallup via Getty Images Dive Brief: Buy now, pay later company Sezzle sued Shopify Monday, alleging in a federal lawsuit that the Canadian e-commerce marketplace systematically damaged its business and violated antitrust laws when it favored Shopify’s own BNPL offering over that of Minneapolis-based Sezzle for the past four years.

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BNPL Privacy Stablecoins On-Demand 78

PYMNTS

OCTOBER 16, 2020

million fine for lacking the proper security measures that might have prevented a hacker in 2018 from exposing the financial details of more than 400,000 customers, the U.K.'s The ICO’s investigation revealed that the airline broke data protection laws by lacking sufficient security measures when processing customers’ personal information.

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Data Breach Breach Security Origination 83

Segpay

DECEMBER 13, 2024

The Rising Importance of Data Privacy Regulation The implementation of GDPR in the European Union (2018) and CCPA in California (2020) marked an important shift in global data privacy standards. These regulations are two examples of strong data protection laws that demand a transparent, ethical approach to data privacy and data management.

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Privacy Compliance CCPA Authentication 105

Fintech News

MAY 1, 2024

billion settlement to resolve charges related to money laundering and sanctions law violations. sanctions, particularly with Iran, processing transactions valued at approximately US$898 million that violated sanctions between 2018 and 2022. Following the plea, Binance agreed to a hefty US$4.3

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Money Laundering Cryptocurrency Breach Settlement 109

PYMNTS

MAY 14, 2019

With programmed compliance, owners can easily navigate state-specific tax law, mandatory break laws and other compliance concerns. In fact, almost two-thirds of Toast customers listed this as their top challenge in the 2018 Toast Restaurant Success Report,” said Steve Fredette, president and co-founder of Toast.

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Payroll Laws Compliance Audit 87

PYMNTS

NOVEMBER 30, 2020

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook , authorities announced in a press release. s Competition and Markets Authority (CMA), the agency that oversees enforcement of antitrust laws. According to the U.K.

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Rules Laws Authorization Governance 75

PYMNTS

JANUARY 7, 2019

But at the same time, the laws governing biometrics are a work in progress, and as more consumers become more skeptical about the safety and use of their identities and data online, you can bet on more cases testing the boundaries of existing regulations. Illinois’ Role. for use of biometric data. Larger Trends.

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Consumer Laws Privacy Authentication 64

PYMNTS

JANUARY 27, 2020

The change may have been telegraphed more than a year ago in October 2018, when Mick Mulvaney, who had been serving as acting director of the agency, said that the CFPB was working on a new regulation to define those practices, as reported in The Wall Street Journal. In the case, captioned Seila Law LLC v.

CFPB 71

CFPB Consumer Financial Protection Bureau (CFPB) UDAAP Laws 71

PYMNTS

JANUARY 13, 2020

Amazon is cracking down on the sale of counterfeit goods, saying it will now cooperate more intensely with law enforcement on those matters. and European law enforcement whenever it can confirm that a fake item was sold to a customer through the site. Now, the company will be much more vigilant.

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Law Enforcement Authorization Product Laws 56

Fintech News

MARCH 26, 2025

2561 (2018). The regulator also warned the public to be cautious when dealing with unlicensed digital asset operators, noting that such platforms are not covered by investor protection laws and may pose risks including fraud and misuse of funds. The SEC said it will cooperate with relevant authorities to support enforcement efforts.

Crime 81

Crime Legal Laws Regulations 81

Open Banking Excellence

NOVEMBER 14, 2023

It came into full effect in 2018 and involved several key pillars: Enhanced Security : The PSD2 introduced Strong Customer Authentication (SCA) to bolster the security of digital transactions. This requirement is now familiar to us, as we often encounter multiple-factor authentication on our mobile devices.

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Non-Bank Rules Authentication Regulations 130

PYMNTS

NOVEMBER 9, 2020

Australian Regulator Looks Into Merger Law Changes. million) penalty for not following a new social media law, Reuters reported, citing Omer Fatih Sayan, the deputy transport and infrastructure minister. California’s Proposition 24 Vote Could Bolster Digital Privacy Laws In Other States.

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Regulations Compliance Privacy Laws 84