Fintech News

JANUARY 13, 2025

With governments in SEA grappling to balance innovation with consumer protection, fintech firms must navigate a complex web of compliance requirements. Nations aspiring to emulate Singapore or Jakarta must address entrenched issues, including uneven digital literacy, regulatory fragmentation, and a lack of cross-border collaboration.

FinTech 117

FinTech Cross-Border On-Demand Innovation 117

Neopay

FEBRUARY 29, 2024

Contractual and marketing improvements : A significant percentage of firms reported improvements in consumer contracts and marketing strategies, indicating a commitment to enhancing consumer protection measures. At Neopay, we recognise the importance of regulatory compliance and consumer protection.

Consumer Protection 59

Consumer Protection Consumer Compliance Assessments 59

The Fintech Times

MARCH 3, 2025

The Payments Association , the trade group representing the payments sector, has launched its Payments Manifesto for 2025, urging the UK government to modernise the payment infrastructure to ensure consumer protection. The Payments Associations Manifesto shines a light on the key issues we need to address for a stronger UK.”

Governance 59

Governance Government Financial Inclusion Consumer Protection 59

Fintech News

NOVEMBER 20, 2024

The Monetary Authority of Singapore (MAS) is streamlining the product approval process for life insurers while maintaining robust consumer protection. This allows MAS to thoroughly assess these novel products for adequate pricing, capitalisation, and consumer disclosures before they are launched.

Product 111

Product Process Consumer Protection Compliance 111

Neopay

NOVEMBER 25, 2024

These changes aim to address persistent issues in safeguarding practices and enhance consumer protection. Why safeguarding matters Safeguarding ensures that funds received by payment and e-money firms are protected. The FCA’s consultation provides a roadmap to better safeguarding practices and consumer protection.

Consumer Protection 52

Consumer Protection Consumer Audit Compliance 52

The Fintech Times

FEBRUARY 27, 2024

. “The most effective AI fraud prevention solutions integrate insights from fraud prevention, anti-money laundering (AML) and cybersecurity risk identification capabilities to address evolving threats or regulatory requirements.

Consumer Protection 69

Consumer Protection Stablecoins Payments Trends Consumer 69

Fintech Finance

DECEMBER 18, 2023

The project seeks to establish a new community of stakeholders, including digital financial service providers, regulatory bodies, consumer advocates, and technology companies, to address the increasing complexity of the digital finance ecosystem. They no longer work to inform, protect, and empower consumers effectively.

Consumer Protection 52

Consumer Protection Visa Consumer Economy 52

The Fintech Times

FEBRUARY 19, 2025

Increased choice of payment methods between and within wallets has the potential to benefit consumers and merchants by increasing competition between payment systems. Responses raised potential competition, consumer protection and operational resilience issues.

Regulations 72

Regulations Underserved Authorization Innovation 72

Neopay

MAY 28, 2025

Businesses and consumers will benefit from new growth-focused Strategic Steer set for the Competition and Markets Authority (CMA), in the latest step of the governments agenda to reform regulation to drive growth as part of the plan for change. Source: gov.uk

Government 52

Government Governance Regulations Consumer Protection 52

Fintech News

APRIL 10, 2024

However, it also acknowledges the challenges in maintaining a stable value, a concern that regulatory bodies around the globe are diligently working to address. The post BIS: Stablecoins Offer Promise, but Need Consistent Regulation appeared first on Fintech Singapore.

Stablecoins 125

Stablecoins Regulations Digital Currency Risk Mitigation 125

The Fintech Times

DECEMBER 19, 2023

The reviews identified important learnings and raised concerns that required addressing. The focus is now on introducing limited and proportional regulation while considering BNPL services as a cost-effective means for consumers to access flexible credit.

BNPL 113

BNPL Regulations Finance Consumer Protection 113

Fintech News

JANUARY 21, 2025

The regulation outlines the framework for PKA operations, including institutional requirements, governance, data security, and consumer protection. It also addresses licensing, supervision, and compliance aspects, including provisions for the termination of PKA activities and the revocation of licenses.

Regulations 90

Regulations Consumer Protection Compliance Government 90

Clearly Payments

SEPTEMBER 18, 2024

It acts as a consumer protection tool, allowing customers to reclaim funds for unauthorized transactions, fraud, or dissatisfaction with goods or services. A well-organized chargeback team minimizes these risks and protects the merchant’s bottom line.

Disputes 105

Disputes Fraud Prevention Payments Credit Cards 105

Fintech News

FEBRUARY 27, 2024

The Act is notably focused on consumer protection, imposing stringent penalties for market misconduct and manipulation. As we look towards 2024, the dual focus on fostering growth in the digital asset sector while ensuring consumer protection is expected to remain a key theme in Malaysia.

APACS 132

APACS Regulations Stablecoins Cryptocurrency 132

Fintech Review

JULY 24, 2024

Nubank’s growth underscores the potential for fintech to address inefficiencies in conventional banking systems. Governments need to create supportive regulatory frameworks that balance innovation with consumer protection. Nubank’s success is rooted in its focus on customer experience and transparency.

FinTech 105

FinTech Online and Mobile Banking Financial Literacy Financial Inclusion 105

Fintech Finance

OCTOBER 24, 2024

Survey results also point to consensus on the need for a consumer protection framework for CVRP, while most banks surveyed view CVRP as an opportunity to develop a new framework that benefits all ecosystem participants and addresses key issues with the current framework, like operational overhead, abuse, and inefficiencies.

Risk 98

Risk Use Case Payments Debit Card 98

FICO

JANUARY 2, 2020

Here are the 5 collections posts from 2019 with the most views on the FICO Blog. Consumer protection . Read the full post. Read the full post. Read the full post. Read the full post. Read the full post. 11 Credit Trends That Raise Questions for Debt Collectors. Regulation . Accounting rules.

Posting 52

Posting Automation Credit Limit Issuers 52

Fintech Finance

MARCH 3, 2025

The aim of this initiative is to establish a “trusted, world-leading payments ecosystem” by promoting innovation, competition and consumer protection within the payments sector, that can help the UK regain global leadership in payments and unleash growth.

Governance 80

Governance Government Innovation Cross-Border Payments 80

Fintech Finance

SEPTEMBER 24, 2024

Address institutional changes that may include the rationalisation of current institutions and changes to governance to underpin a resilient, modern, efficient and inclusive payment ecosystem that meets the evolving needs of businesses and consumers. Prioritise initiatives and decide on investment programmes.

Cross-Border Payments 95

Cross-Border Payments Financial Inclusion Cross-Border Payments 95

Stax

DECEMBER 9, 2024

Promptly respond to customer inquiries, address concerns, and provide timely updates on order statuses and shipping information. Use address verification, CVV checks, and fraud scoring models to identify potentially fraudulent orders. Monitor suspicious activities and flag any irregularities for further investigation.

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88

Fintech News

FEBRUARY 21, 2024

Under the PSA, DPT service providers must obtain a license from MAS and comply with strict standards related to anti-money laundering, consumer protection, cybersecurity, and governance. These developments underline the persistent and sophisticated challenge of addressing the ever-evolving cyber threats in the crypto realm.

Crime 109

Crime Ransomware Scams Romance Scams 109

Fintech News

APRIL 28, 2024

Through keynote addresses, panel discussions and fireside chats, industry experts addressed some of the biggest opportunities and most pressing issues faced by the sector today. I would say at the earliest, our serious push to Southeast Asia is going to be in the fourth quarter,” Li told the South China Morning Post. “We

Payment APIs and Integration 117

Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 117

EBizCharge

MARCH 14, 2025

These policies should also include phone numbers, email addresses, and physical store locations (if applicable). For online purchases, businesses may also require customers to return items using the same account or email address used for the original order. How do businesses handle refund disputes when they have a no-refund policy?

Returns 52

Returns Disputes Legal Non-Bank 52

The Fintech Times

APRIL 24, 2024

Telcos Leveraging Verizon’s network capabilities, which provide advanced data analytics and insights, along with research reports like the Verizon Data Breach Investigations Report (DBIR), Mastercard aims to address emerging cybersecurity threats.

Fraud Prevention 105

Fraud Prevention Visa AI Scams 105

Fintech News

FEBRUARY 5, 2024

This careful regulatory approach underscores Singapore’s dedication to balancing innovation with consumer protection in the evolving crypto landscape. The sector has shifted its focus towards the SME market, addressing specific challenges within the insurance value chain. million from just US$4.1 million in the first half.

AI 109

AI FinTech Stablecoins APACS 109

Fintech News

APRIL 8, 2024

The show will bring together over 3,000 senior decision-makers and 200+ speakers, sponsors, and exhibitors, and address key industry themes such as financial inclusion, sustainability, cybersecurity, and regulatory frameworks.

FinTech 117

FinTech Cross-Border APACS Participant 117

Fintech Finance

JUNE 7, 2024

. “The survey highlighted concerns related to fee variability, cross-border payment capabilities, and the essential need for stronger consumer protections and trust-building measures. ” The report further underscores that financial institutions must address several key areas to enhance financial inclusion. .”

Financial Inclusion 64

Financial Inclusion Faster Payments FPC Cross-Border Payments 64

Fintech Review

SEPTEMBER 3, 2024

Moreover, innovations such as biometric authentication and tokenisation have enhanced the security of mobile payments, addressing concerns about fraud and data breaches. Governments and financial institutions must work together to create a regulatory framework that fosters innovation while ensuring consumer protection.

Payments Trends 98

Payments Trends Digital Payments Contactless Payments Cryptocurrency 98

Neopay

AUGUST 15, 2024

Consumer protection and market integrity: Whether the growing adoption of digital wallets poses any significant risks to consumer protection or market integrity, both now and in the future. The post FCA and PSR launch call for information on big tech’s role in digital wallets appeared first on Neopay.

Consumer Protection 52

Consumer Protection Regulations Authorization Assessments 52

Fintech Review

DECEMBER 3, 2024

High-profile data breaches often make consumers wary of storing sensitive information digitally. Educating users about encryption and tokenisation can help address these concerns. The behavioural shift towards digital payments reflects broader changes in consumer expectations. Conversely, security concerns can deter adoption.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

Fintech News

DECEMBER 13, 2024

Such frameworks are essential for ensuring transparency, preventing misuse, and fostering consumer protection, which are crucial for building trust in stablecoins. By incorporating these regulatory measures, Asian nations can strive to balance innovation with consumer protection, fostering a stable and trustworthy ecosystem.

Stablecoins 109

Stablecoins Cross-Border Cross-Border Payments Caps 109

The Fintech Times

MAY 20, 2024

Despite this, it says that regulatory clarity is ‘indisputably more responsible’ and is much safer for consumers. The post 59 Digital Asset Firms Back CCI’s Urge to Members of the House to Vote in Favour of FIT 21 appeared first on The Fintech Times.

Financial Inclusion 78

Financial Inclusion Consumer Protection Economy Mitigation 78

Fintech News

FEBRUARY 26, 2024

World Economic Forum and the Cambridge Centre for Alternative Finance Consumer Growth and Strategic Customer Acquisition The fintech sector’s resilience during the pandemic has been underscored by a sustained interest in digital financial services.

FinTech 143

FinTech Consumer Financial Inclusion On-Demand 143

Neopay

SEPTEMBER 11, 2024

Addressing high-value fraud APP fraud is a significant problem within the UK’s financial ecosystem, with devastating consequences for its victims. The decision to align with the FSCS limit ensures consistency in consumer protection standards, making it a familiar and well-understood safeguard for victims.

Caps 52

Caps Consulting Scams Fraud Prevention 52

Fintech News

JULY 3, 2024

This expansion empowers MAS to enforce regulations addressing anti-money laundering, countering the financing of terrorism, protecting users, and ensuring financial stability in the rapidly growing digital payment sector. This is all while prioritising its citizens’ protection from the crypto market’s inherent risks.

Financial Literacy 109

Financial Literacy Cryptocurrency Digital Currency Money Laundering 109

Neopay

AUGUST 22, 2024

The proposed changes don’t address the role of social media platforms, where 60% of APP fraud originates,” said Riccardo Tordera-Ricchi, head of policy at The Payments Association. While Reeves supports consumer protection, she emphasises that regulators must also ensure the UK’s financial services sector remains competitive globally.

Rules 52

Rules Push-to-Card Treasury Regulations 52

The Fintech Times

MAY 21, 2024

“Visa’s fees reflect the immense value that we provide to financial institutions, merchants and consumers including extremely high levels of security, near-perfect operational resilience, and a wide range of consumer protections and high-quality products and services that serve consumer and merchant needs.”

Visa 90

Visa Regulations Payments Consulting 90