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Tackling Fraud and Compliance Burdens: CFIT Publishes Digital Company ID Blueprint

The Fintech Times

It will then also enable financial institutions to redeploy compliance savings into strengthening anti-fraud efforts. In addition to fraud, regulatory compliance is another major hurdle facing organisations. However, this is another area in which Digital Company ID can help.

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The role of artificial intelligence in enhancing AML and regulatory compliance in fintech

The Payments Association

As director/MLRO of SENDS, a UK-licensed EMI, I see AI’s potential in fraud prevention, AML, and compliance. At SENDS, we integrate AI-powered compliance tools to streamline KYC and AML, improving efficiency, accuracy, and speed. Susceptibility to errors: Human mistakes can overlook fraud or misreport compliance.

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Crypto Firms in Indonesia Must Rethink Their Compliance Now, Or Risk Losing Out

Fintech News

Once known for speed and disruption, Indonesia’s crypto industry is now facing its biggest reckoning: compliance or irrelevance. With OJK taking the regulatory reins and the Travel Rule now in force, crypto firms in Indonesia must evolve fast or risk falling behind in global markets, regulatory approval, and user trust.

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Tradu and Salt Edge Partner to Improve Regulatory Compliance and Strengthen Security

The Fintech Times

To ensure it is able to address issues like regulatory compliance, fraud prevention and user authentication, the firm has announced a new partnership with Salt Edge , the open banking solutions provider. A key part of delivering on that objective is full compliance with open banking regulations across the UK and EU markets.

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37% of payments leaders cite regulatory clarity as top challenge in MiCA crypto-asset compliance

The Payments Association

As the EUs most extensive effort to regulate the crypto market, MiCA seeks to address longstanding issues such as regulatory fragmentation, consumer protection, and market stability. Key findings from the webinar poll: 37% of payment leaders find understanding which regulatory requirements are relevant to them their biggest challenge.

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Digital Wallets and Open Banking Set to Dominate Payments in 2025, According to Merchants

Fintech Finance

Fraud prevention and regulatory compliance are the major challenges facing the industry When asked about the top challenges expected for the year ahead, fraud prevention topped the list, with 63% of respondents identifying it as a primary concern.

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Mastercard's strategy for open banking addresses risk, trust

Payments Source

Mastercard wants to build confidence in open banking by addressing regulatory compliance, liability, and technology integration issues on behalf of its issuers and fintechs.