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Bouncing Back: Monzo on the Straight and Narrow After FCA Fine for Security Failings Between 2018-22

The Fintech Times

British neobank, Monzo has become the latest big name in the financial world to come under fire from the Financial Conduct Authority (FCA) for failing to implement adequate controls to stop financial crime between 2018 and 2022. A new and improved Monzo In 2018, Monzo’s customer base was only 600,000.

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Reap Gets In-Principle Approval for Singapore Payment License

Fintech News

Founded in 2018 in Hong Kong, Reap offers payment technology solutions, including corporate cards, payout systems, and expense management tools. Receiving this IPA [in-principle approval] from the MAS, a globally renowned financial regulator, is incredibly motivating and will be a key driver of secure growth in the region.

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Singapore’s Competition Regulator Says No Merger Notification from Grab, GoTo

Fintech News

The regulator remains open to discussions through its merger notification and pre-notification processes. million) in 2018 after Grab failed to notify it of its merger with Uber, which substantially reduced competition in Singapore. CCCS previously fined Grab and Uber S$13 million (US$9.76

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Tietoevry Banking Registration Enables it to Verify Payer and Payee Identities for European Banks

The Fintech Times

First introduced in the Netherlands, the UK, and other countries in 2018, VoP solutions have proven effective in reducing fraud and cutting the number of misdirected payments. Anders Olofsson , head of sales at Tietoevry Banking The mandate to introduce VoP solutions comes from the introduction of Instant Payments Regulations (IPR).

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Fuelling cross-border payments transformation through financial institutions, Ventura Capital leads growth round in Payall Payment Systems

The Payments Association

With this new capital, Payall will accelerate its connections with global payout partners, sales to originating institutions, correspondent banks, and regulators, as well as further distinguish its breakthrough counterparty risk management, multi-jurisdictional compliance automation, and AI deployment. About Payall.

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Chargebacks: A Survival Guide

Cardfellow

Visa Chargeback Reason Codes In 2018, Visa consolidated its list of reason codes into 4 categories: fraud, authorization, processing errors, and consumer disputes. Abide by Card Association Regulations Follow the terms of service set by the card brands. Some of the most common Visa and MasterCard chargeback codes are listed below.

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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Market Growth : BNPL saw a 400% increase in usage globally since 2018 and is expected to grow 17% annually through 2028. Central Bank Digital Currencies (CBDCs) Overview : Central Bank Digital Currencies (CBDCs) are digital forms of a country’s national currency, issued and regulated by the central bank.