Neopay

DECEMBER 24, 2024

According to the Payment Systems Regulator (PSR) APP Fraud Survey 2024, APP scams cost UK consumers 341 million in 2023. The findings reveal alarming trends: Meta platforms dominate scam incidents: Over 54% of scams (119,338 cases) in 2023 involved Meta platforms such as Facebook, Instagram, and WhatsApp, resulting in 62.7

Romance Scams

Fi911

JULY 17, 2025

According to a 2023 survey by the Consumer Financial Protection Bureau (CFPB), 18 percent of US consumers reported using a BNPL product in the previous 12 months. From a risk management perspective, BNPL presents new challenges. Executives in banking, payments, and risk management will need to respond to this evolution.

BNPL

The Payments Association

APRIL 7, 2025

In 2023, the most prevalent types of fraud included identity fraud, facility takeovers, and misuse of facilities, reflecting the persistent and evolving nature of these threats. The Financial Crime 360 State of the Industry Survey 2024, which involved 150 participants from 32 countries, provides critical insights into the payments industry.

Financial Crimes

The Fintech Times

NOVEMBER 2, 2024

Now in its twelfth iteration (2018-2023), Bhutan’s development approach remains shaped by its unique Gross National Happiness philosophy. Isolated from much of the world until the 1950s, Bhutan’s primarily rural population relied on subsistence agriculture. Economic development began with the First Five Year Plan in 1961.

Financial Inclusion

Fintech News

APRIL 24, 2025

billion financial services platform Dianrong 1 billion lending solutions Wacai 1 billion wealth management CGTZ 2.41 billion asset management XTransfer 1.4 billion XTransfer created a global payment platform powered by data insights, automation, and risk management tools. billion debt investment platform eDaili 1.90

FinTech

The Fintech Times

DECEMBER 23, 2024

It says this would strengthen the company’s regulatory and risk management structure in Brazil, and expand its opportunities in open banking. The Santa Catarina-based fintech, which was founded in 2017 and has been a regulated payment institution since 2023, brings over 500 new clients to Payretailers.

Central Bank

Finextra

JUNE 30, 2025

Key statistics include: Leading Countries (Enterprise AI) According to IBM’s 2023 Global AI Index, India has the highest level of AI usage among enterprises. In a late 2023 Salesforce survey of general populations in major countries, India had the highest generative AI usage—73% of surveyed Indians said they use generative AI in some form.

AI

The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. Sally Felton Director, Fraud Risk Management, BDO The new FTPF offence is another example of the shift towards increased corporate criminal liability.

Crime

The Payments Association

JANUARY 21, 2025

Understanding these dynamics is essential for shaping strategies that balance growth opportunities with risk management, ensuring that innovation in the payments space aligns with security, compliance, and customer expectations.

Payments Trends

Fintech News

DECEMBER 9, 2024

Launched by MAS in 2023, the Global Layer One (GL1) initiative aims to foster the development of foundational digital infrastructures that can support the seamless cross-border transaction of tokenised assets. GL1 is not merely a technological endeavour; it also addresses the crucial aspects of governance, risk management, and compliance.

Cryptocurrency

The Fintech Times

FEBRUARY 19, 2025

.” Responsible AI development requires a new approach Satayan Mahajan, CEO, Datalign Advisory AI has been used for decades, despite it only picking up huge steam in late 2022/early 2023. “Failures in the financial industry are expensive and generate low trust with consumers.

AI

Fintech News

JULY 31, 2025

PwC’s Digital Banking Survey 2023 confirms this challenge. For example, in 2023, the Monetary Authority of Singapore (MAS) imposed an additional capital requirement on DBS Bank after two successive service disruptions in the space of just over a month. The regulator increased DBS’s operational risk-weighted assets by a factor of 1.8,

Compliance

The Payments Association

MARCH 18, 2025

The growth of open finance Open finance, valued at approximately $25 billion in 2023 , is accelerating the convergence of payments, credit, and wealth management, creating deeply integrated financial ecosystems that deliver embedded, real-time services. Fraud detection and risk management are also evolving. reached $1.1

Finance

The Payments Association

JUNE 11, 2025

Mark McMurtie Ambassador, TPA "As digital threats become increasingly complex, payment companies should shift from a reactive approach to fraud prevention to more intelligent, adaptive risk management.

Risk

Finovate

MARCH 14, 2025

With SBCA integrated into its embedded financing tool, CredibleX will be able to help make more informed lending decisions, reduce underwriting time, and enhance risk management. ” Founded in 2023, CredibleX offers embedded insurance, embedded invoice finance, embedded POS finance, and B2B channel finance tools.

Visa

Fintech News

JUNE 5, 2025

That future is not far off, in Malaysia, PwC’s 2023 Cloud Business Survey reports that 95% of banking and capital markets respondents are now, or will be in two years, fully on the cloud. Cloud and Modernisation: A Powerful Combination Featured image by Freepik Modernisation in banking isnt just about “going digital.”

Payment APIs and Integration

The Fintech Times

NOVEMBER 4, 2024

Leong Sing Chiong , deputy managing director of markets and development at MAS, said: “MAS has seen strong interest in asset tokenisation in recent years, notably in fixed income, FX , and asset management. Since then, BNY , Citi, J.P.

Authorization

The Fintech Times

JULY 15, 2025

Known for leading Paycor’s $4.1bilion sale to Paychex, Villar brings enterprise SaaS expertise to the AI-powered risk platform. His appointment follows AuditBoard’s recent international expansion and continued momentum in connected risk management.

FinTech

The Fintech Times

APRIL 17, 2025

Numeral , a Mambu company and paytech provider, and Argentex Group PLC , a London-headquartered currency risk management and alternative banking specialist, have announced that Numeral will be Argentex’s strategic payment technology provider to transform its payments and FX infrastructure.

FinTech

Finextra

JULY 21, 2025

Documentation and change management become critical during modernization to satisfy regulatory requirements for system understanding and control procedures. Operational Risk Management Financial institutions require comprehensive testing strategies that validate not just functionality but also performance under stress conditions.

Payment APIs and Integration

The Fintech Times

JANUARY 28, 2025

Delfi, a machine-learning risk management platform for financial institutions, has partnered with three US banks to address interest rate risk management. Serene, whichjoinedNatWests Accelerator in 2023, says with NatWest’s support, it is expanding its platform to help businesses deliver tailored solutions at scale.

Credit Union

The Payments Association

JUNE 16, 2025

Balance is then achieved through the implementation of a carefully considered risk-based approach to managing compliance risk, coupled with an effective and proportionate Compliance Monitoring Programme. However, UK Finance’s ‘Annual Fraud Report 2025 ‘ paints a more complex picture.

Scams

Finextra

JUNE 19, 2025

So much so, that the countrys regulatory framework significantly influenced the EUs Markets in Crypto-Assets regulation (MiCA) , which came into force in June 2023 Maltas approach to payment services has been equally pioneering. The country enacted a first of its kind regulatory framework for standalone e-money institutions.

Payments

Finextra

JULY 28, 2025

Industry reports highlight the enthusiasm, yet simultaneously reveal a concerning trend: nearly 40% of financial services CIOs report a negligible or negative ROI from their AI investments (Gartner, 2023). This ensures that AI solutions are developed and deployed in a manner that benefits all stakeholders and upholds the banks values.

AI

The Fintech Times

JUNE 23, 2025

.” FAB’s direct participation in CIPS enhances its ability to provide clients with faster, more secure and efficient cross-border RMB payment solutions, reinforcing its leadership in cash management and clearing across the MEA region, as well as its reputation for operational excellence and robust risk management.

Cross-Border

The Payments Association

JULY 18, 2025

The FCA highlighted that firms which failed between Q1 and Q2 2023 had an average safeguarding shortfall of 65%, raising serious concerns about customer protection. Transitioning to outcome-based SCA raises regulatory uncertainty; firms must justify risk-based exemptions with robust evidence to meet regulatory scrutiny.

Regulations

The Payments Association

JULY 15, 2025

Payments leaders must prioritise AI integration to empower teams—not replace them—while embedding strong data management and ontology frameworks. This preference for bank-imposed transaction limits reflects the industry’s focus on controlling exposure through institutional risk management rather than individual transaction restrictions.

Financial Crimes

The Payments Association

MARCH 5, 2025

trillionregulators continue to strengthen AML requirements in response to evolving financial crime risks, urging financial institutions to reinforce their risk management frameworks and adopt effective compliance measures.

Financial Crimes

M2P Fintech

MARCH 24, 2025

from 2023 to 2032. Artificial Intelligence: Automation and Personalization Artificial intelligence (AI) is revolutionizing loan management by automating repetitive tasks and allowing lenders to concentrate on strategic initiatives. Big data analytics transforms loan management, guiding strategic planning.

Payment APIs and Integration

Finovate

FEBRUARY 4, 2025

FIS was an early adopter of FedNow, and was one of the first institutions to enable its customers to receive FedNow payments after the technology launched inJuly of 2023. Payment, banking, and investment systems provider FIS announced today that it is now certified to enable send capabilities for FedNow instant payment credit transfers.

FedNow

The Payments Association

MARCH 17, 2025

The Financial Services and Markets Act 2023 Call for Evidence model may offer a useful precedent. Expanding this to include specialised sandboxesfor stablecoins, AI-driven risk management, or embedded financecould encourage further innovation. Read More

Regulations

Finextra

JULY 22, 2025

With capabilities like autonomous strategy selection, self-directed risk management, and real-time market adaptation, Agentic AI has the potential to transform how institutions engage with FX markets. But as adoption grows, so do questions around oversight, explainability, and trust. It expresses the views and opinions of the author.

Automation

Neopay

FEBRUARY 5, 2025

This follows the previous letter from March 2023 and reaffirms the regulators focus on ensuring firms meet high standards in governance, financial integrity, and customer protection. Prudential risk management : Firms must meet capital requirements at all times and plan ahead for financial stability.

Fraud Prevention

The Fintech Times

DECEMBER 3, 2024

In November 2023, the European Central Bank (ECB) began the preparation phase of a digital euro. The updated draft also included input from seven new workstreams, launched in May 2024 to further develop key sections of the rulebook, including minimum user experience standards and risk management.

Central Bank

Fintech Finance

JULY 30, 2025

Leveraging its AI-driven solutions for payment orchestration, risk management and digital marketing, Antom supports merchants to integrate over 300 payment methods across over 100 currencies in its extensive global acquiring network.

Payments

Finextra

AUGUST 4, 2025

In 2023 alone, 98% of institutions reported their compliance costs increased over the prior year , with over one-third citing ever-escalating regulations as the primary driver. For instance, firms in EMEA spent $85 billion on AML efforts in 2023 and compliance can average ~19% of a financial firm’s annual revenue.

AML

Finovate

FEBRUARY 5, 2025

Headquartered in France, Numeral made its Finovate debut at FinovateEurope 2023. Numeral , a payment technology provider for financial institutions, launched its fully managed Verification of Payee (VOP) solution this week. The company was acquired by fellow Finovate alum Mambu in December.

Payee