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Is 2025 Finally the Year for Open Finance in Southeast Asia?

Fintech News

Vietnam, though still lacking a legal framework for open banking, has seen progress through initiatives by individual banks. The Bangko Sentral ng Pilipinas (BSP) established the Open Finance Framework in June 2021, marking a significant step toward integrating open finance principles within the countrys financial ecosystem.

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Beginner's guide to ChatGPT

Nanonets

Moral Implications: Even in the absence of legal frameworks, many people have a moral compass that dictates what is right and wrong.   - Post Hoc Fallacy: Just because some countries with smaller governments have achieved prosperity does not mean that smaller government is the cause of it.

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Mexico in Focus: Open Banking and Financial Inclusion

Open Banking Excellence

Digital Payments in Latin America and the Caribbean (LATAC) The worldwide digital payments landscape has witnessed a remarkable transformation, with the percentage of adults making digital transactions increasing from 26% to 51% between 2014 and 2021. In 2023, the Fintech landscape experienced notable growth.

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Oman’s Fintech Future: A Market on the Rise

The Fintech Times

Read The Fintech Times: Middle East and Africa 2024 report online The post Omans Fintech Future: A Market on the Rise appeared first on The Fintech Times.

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The Shifting Landscape of Fraud and Identity in 2024

Fintech News

In 2021, over 60 percent of India’s 53,000 reported cybercrime cases were fraud-related, with criminals exploiting weaknesses in digital banking and e-commerce. Ongoing behavioural monitoring post-onboarding also helps spot fraudulent accounts created using synthetic identities.

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The global impact of money laundering in 2024

Neopay

billion in cryptocurrency was laundered in 2022, representing a 68% increase over 2021. NFT Money Laundering: In 2021, laundering through NFTs reached $1.377 million, a 231% increase from the beginning of the year. Source : Payments Cards and Mobile The post The global impact of money laundering in 2024 appeared first on Neopay.

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Project mBridge Reaches MVP Stage, Expands International Participation

The Fintech Times

Since its inception in 2021, Project mBridge has involved the Bank of Thailand, the Central Bank of the UAE, the Digital Currency Institute of the People’s Bank of China, and the Hong Kong Monetary Authority. ” The post Project mBridge Reaches MVP Stage, Expands International Participation appeared first on The Fintech Times.