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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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APP fraud: Mid-year review

The Payments Association

Under the voluntary Contingent Reimbursement Model (CRM) Code, only a limited number of firms committed to reimbursing victims, and the rates varied sharply—TSB reimbursed 91% of APP fraud losses in 2022, while AIB Group reimbursed just 10%, according to PSR data. The PSR has separated pre- and post-policy data, making comparisons difficult.

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Credit Card Surcharges in Canada: A Legal Guide

EBizCharge

That changed in 2022. Canada’s legal framework leaves much of the regulatory nuance to the provinces, each of which has its own set of consumer protection laws. If you’re asking, “Is it legal to add a surcharge for credit card payments”, EBizCharge helps you say yes—with confidence and clarity.

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Age Verification in Latin America 

Segpay

This blog explores child protection laws across key Latin American countries, highlighting their different approaches and the evolving regulatory frameworks. The Brazilian Child and Adolescent Statute (ECA) provides a broad legal framework to protect minors. We also look at the age verification tools that are used in the region.

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Understanding Crypto Money Laundering, and How to Get a Handle on It

Fintech News

The peak was reached in 2022, with an alarming US$30 billion identified, largely attributable to transactions involving sanctioned services such as the Russian exchange Garantex. million intermediary wallets moving known illicit funds, representing a substantial increase from about 800,000 in 2022. In 2023, there were over 1.4

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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

What’s even more alarming is the stark increase in this fraud rate, which surged by 24 percent from 2022 to 2023. Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022.

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