Finextra

JULY 7, 2025

This is not just a theoretical concern: one need only recall the collapse of FTX in 2022. Geographical and procedural barriers could be lower – for example, as an investor you might not care whether a stock is listed in New York or Tokyo; if it’s tokenised, you can buy it either way on a global platform.

Blockchain 59

Blockchain Payment APIs and Integration Regulations Security 59

Finextra

JULY 17, 2025

These include simplifying the KYC procedures to ensure hassle-free onboarding, allowing Aadhaar to be used interchangeably with PAN, and enabling investments based on “Bank KYC”. Operational and cost challenges Although the mutual fund industry has made considerable progress in standardizing processes, a few challenges persist.

Financial Literacy 52

Financial Literacy Online and Mobile Banking Payment APIs and Integration Regulations 52

The Finance Weekly

JULY 19, 2022

They provide pre-built solutions for automating time-consuming procedures, allowing you to spend less time checking and more time accomplishing. Customized and automated workflows. Vena is a comprehensive planning platform that connects people, processes, and systems.

CRM 240

CRM Finance Database Automation 240

VISTA InfoSec

OCTOBER 21, 2024

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients. References AICPA.

Audit 147

Audit Compliance Procedures Best Practices 147

VISTA InfoSec

AUGUST 5, 2024

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients. References AICPA.

Audit 130

Audit Compliance Procedures Best Practices 130

The Paypers

FEBRUARY 10, 2022

Germany-based bank Postbank has announced plans to discontinue its chipTAN process for online transfers in May 2022.

Procedures 31

Procedures Process 31

Fintech News

MARCH 3, 2024

The ShopBack PayLater service was initially launched in July 2022 in both countries following the company’s acquisition of BNPL provider hoolah in November 2021. ShopBack, a shopping and rewards platform, revealed that it will be discontinuing its Buy Now, Pay Later (BNPL) service effective from 22 March 2024 in Singapore and Malaysia.

BNPL 119

BNPL Procedures Origination Transactions 119

Fintech Finance

OCTOBER 14, 2024

This process involved an in-depth examination of Orbital’s internal controls, policies, and procedures across multiple AICPA Trust Services Criteria. including: ISO 27001:2022 , the Cloud Security Alliance Trusted Cloud Provider status, Cyber Essentials Plus, and maintaining an ‘A’ rating on SecurityScorecard.

Compliance 95

Compliance ISOs Procedures Audit 95

The Fintech Times

SEPTEMBER 14, 2024

According to the World Trade Organisation (WTO), Taiwan was the 17th largest exporter and importer of merchandise in 2022. A 2022 survey revealed that 90 per cent of banks in Taiwan have initiated their digital transformation, incorporating emerging technologies like AI, big data, and RPA applications.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

Open Banking Excellence

SEPTEMBER 21, 2023

DORA came into force on 27th Dec 2022 and organisations have until 17th Jan 2025 to become compliant. DORA is designed to “make sure the financial sector in Europe is able to stay resilient through a severe operational disruption”, the Council of the EU wrote in a statement announcing DORA in 2022. “We

FinTech 130

FinTech Compliance Regulations Non-Bank 130

NFCW

JULY 17, 2024

Moreover, Apple offered additional independence and procedural guarantees for the monitoring trustee. To comply with the same industry standard-specifications as developers of HCE payment apps and to protect confidential information obtained in the context of an audit. To shorten deadlines for resolving disputes.

Payment Service Provider (PSP) 120

Payment Service Provider (PSP) Use Case Legal Agreements 120

The Finance Weekly

AUGUST 26, 2023

Enterprise Risk Management (ERM) , refers to the systematic procedure of strategizing, arranging, supervising, and managing an , organization's activities with the aim of reducing the negative impacts of risks on its financial resources and profits. The issue of interest rate risk became significant in the early and middle parts of 2022.

Risk Management 130

Risk Management Risk AI Liquidity Risk 130

PYMNTS

JANUARY 21, 2021

21) that it would stay the course regarding procedures instituted during the COVID-19 pandemic. In December, the ECB extended its pandemic emergency purchase program (PEPP) through at least the end of March 2022 and added €500 billion ($607 billion).

Central Bank 90

Central Bank Procedures Governance Government 90

Fintech News

MARCH 6, 2024

These include a slow and paper-intensive account setup process, drawn-out loan application procedures with extensive documentation needs, as well as burdensome annual account reviews. It became the country’s first digital lender to list on the Tokyo Stock Exchange in December 2022. It has over 2.3

Online and Mobile Banking 137

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 137

Fintech News

FEBRUARY 27, 2024

Prior to this, the Japan Virtual Currency Exchange Association (JVCEA) had been implementing Travel Rule requirements on a self-regulatory basis since April 2022, in response to a directive from the Financial Services Agency (JFSA). This development followed the 2022 collapse of Terra.

APACS 133

APACS Regulations Stablecoins Cryptocurrency 133

VISTA InfoSec

JULY 5, 2023

From March 2021 to March 2022, the average cost of a data breach in healthcare was over $10 million, up from $9.23 On June 7, 2022, Texas Tech University Health Sciences Center reported a data breach due to a hacking incident that affected over 1.29 million between May 2020 and March 2021. million people.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

The Fintech Times

JUNE 22, 2024

Historically, transferring money between Nordic countries has been a complicated process, often involving lengthy procedures and high fees. This initiative aims to simplify cross-border transactions by eliminating the need for cumbersome IBAN numbers.

IBAN 81

IBAN Cross-Border Cross-Border Payments Procedures 81

The Fintech Times

MAY 16, 2024

Presentation or liveness attacks have surged 40 per cent this year, as malicious actors attempt to undermine video-based KYC procedures. Marcotte continued: “Banking KYC processes are still relying on ID card, face, and address verification – these procedures look neolithic against deepfakes and AI-powered identification fraud.

Deepfake 69

Deepfake Security Cybersecurity Procedures 69

Tearsheet

JANUARY 9, 2024

X has been inching towards its goals steadily since May 2022. The plan seems to be to attain licenses in states with relatively less arduous requirements and then move into states that have more difficult procedures in place. If it involves money. It’ll be on our platform. Money or securities or whatever.

Continuity 105

Continuity Push-to-Card Payments Debit Card 105

Fintech News

AUGUST 12, 2024

between fiscal year 2022 and fiscal year 2029, and reach US$21.12 In cross-border finance, financial institutions are expected to tackle existing challenges such as complex settlement procedures, lengthy transaction processing times, and high remittance costs. billion by then.

Embedded Finance 116

Embedded Finance FinTech Non-Bank Cross-Border 116

The Payments Association

APRIL 23, 2025

This has significant impacts: in the UK alone, mules launder over 10 billion annually, with over 39,000 accounts demonstrating muling behaviour identified in 2022. By then, the funds had been laundered through multiple accounts, making recovery difficult.

AML 88

AML Suspicious Activity Report (SAR) Addressing Fraud Prevention 88

PYMNTS

JANUARY 18, 2022

The post emphasized that the deal, which Höptner and Lutz hope will close by mid-2022, will only happen if approved by BaFin, Germany’s financial services regulator. user ban.”. That is likely why the purchase of the bank will not be by BitMEX, but by a new German company, BXM Operations AG, founded and owned by Höptner and CFO Stefan Lutz.

Money Laundering 67

Money Laundering Procedures Regulations Cryptocurrency 67

The Finance Weekly

FEBRUARY 22, 2023

However, based on historical trends, it's expected that by the end of 2022, nearly 1.2 Updating control procedures, revising materiality thresholds, and satisfying new regulatory standards are all components of a finance capability that can scale to support the growth trajectory. In 2021, there were roughly 5.4

Finance 130

Finance Best Practices Accounts Advisors 130

Fintech Finance

JANUARY 9, 2024

The company is in the process of unveiling the wallet soon after completing some necessary procedures. In the coming period, the company will explain the necessary steps for registering in the wallet and the operating procedures to be followed.

Security 52

Security Payment Service Provider (PSP) Central Bank Procedures 52

PYMNTS

AUGUST 28, 2019

Open banking is typically achieved via APIs that allow third-party developers to create tools based on the specific services and information FIs offer, ensuring that they are compatible with other banks’ procedures. These automated services are on track to save roughly $8 billion annually by 2022, by some estimates.

Credit Union 73

Credit Union Instant Payments Non-Bank Money Laundering 73

VISTA InfoSec

NOVEMBER 12, 2024

became mandatory after being officially released on March 31, 2022, allowing organizations a transition period. This includes preparing for potential threats, training staff on response procedures, and regularly testing the response plan ( Requirements 12.10.1 In 2024, the updated version of PCI DSS 3.2.1, PCI DSS v4.0, and 10.2 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

became mandatory after being officially released on March 31, 2022, allowing organizations a transition period. This includes preparing for potential threats, training staff on response procedures, and regularly testing the response plan ( Requirements 12.10.1 In 2024, the updated version of PCI DSS 3.2.1, PCI DSS v4.0, and 10.2 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Neopay

DECEMBER 5, 2024

Proliferation Financing (PF) In response to the 2022 changes in the Money Laundering Regulations (MLRs), the Guide now explicitly addresses the need for firms to conduct PF risk assessments. The FCA is clarifying how firms should manage sanctions screening, particularly for payment and cryptoasset businesses.

Financial Crimes 52

Financial Crimes Crime Money Laundering Risk Assessment 52

FloQast

OCTOBER 27, 2023

And according to PWC’s 2022 Global Risk Survey , four out of five respondents state that keeping pace with the speed of digital and other transformations is a major risk management challenge. In 2022, the Securities and Exchange Commission (SEC) levied $1.1 For this reason, policies and procedures should be simple, clear, and concise.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

The Fintech Times

APRIL 22, 2024

The UK Product Security and Telecommunications Infrastructure Act 2022 , effective 29 April, mandates security standards for consumer tech products to combat cyber threats, holding businesses, including banks, accountable for safeguarding customer data through measures like minimum password requirements and reporting procedures.

Identity Theft 59

Identity Theft Consumer Online and Mobile Banking Monetary Loss 59

FloQast

MARCH 25, 2024

About the Author: Katie Thomas, CPA, is a content creator, 2021 & 2022 40 under 40 CPA Practice Advisor recipient, Top 50 Women in Accounting recipient, and the owner of Leaders Online, where they help accounting professionals increase their impact, influence, and income through thought leadership and digital marketing.

Close Processes 105

Close Processes Compliance Automation Risk 105

Fintech News

JUNE 10, 2024

SoVa provides a comprehensive service that guides users through administrative procedures related to tax, labor, and registration, as well as handling accounting operations. Established in early 2022, Coupl breaks barriers by offering joint accounts and linked ATM cards to couples, irrespective of marital status or sexual orientation.

FinTech 131

FinTech Non-Bank Finance AI 131

The Fintech Times

MARCH 20, 2024

“We are told that going cashless is super convenient, is quick and easy, but when card systems crash, these businesses can’t seem to cope, and they don’t have adequate backup procedures in place to accept cash payments. According to research from UK Finance , half of all payments (50 per cent) in the UK were made using debit cards in 2022.

Contactless Payments 115

Contactless Payments Push-to-Card Payments Online and Mobile Banking 115

Global Fintech & Digital Assets

DECEMBER 21, 2023

In September 2022, it published an in-depth report on the BNPL landscape, and in September 2023 published another report on the consumer financial profiles of BNPL borrowers. The Federal Trade Commission (FTC) also published a short notice in September 2022 on the obligations of BNPL providers vis-à-vis the FTC Act.

OCC 59

OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

Fintech Review

OCTOBER 30, 2024

In the past year, WhiteBIT added over 1 million new users, more than doubling its user base since 2022. Its robust security protocols, including WAF firewalls, strict AML policies, and mandatory KYC procedures, recently earned WhiteBIT the Hacken Security Award 2024 at TOKEN2049 in Singapore.

NFTs 52

NFTs Cryptocurrency Blockchain Procedures 52

Nanonets

MARCH 23, 2023

According to Ipsos and McKinsey , in 2022, 58% of Americans had the option to work from home at least once a week, and 38% were not required to work in the office regularly. This trend was expected to continue, with up to 70% of businesses adopting AR/VR by 2022.

Automation 105

Automation AI Technology On-Demand 105

The Payments Association

MAY 16, 2025

A 2024 joint survey by the Bank of England (BoE) and the Financial Conduct Authority (FCA) found that 72% of UK-regulated firms are actively using or piloting AI and machine learning toolsan increase from 67% in 2022. Assign ownership, implement approval processes, and establish escalation procedures.

Compliance 88

Compliance AI Risk Audit 88