Neopay

APRIL 10, 2025

A Revolut representative said: Revolut Bank UAB is committed to the highest standards of regulatory compliance and cooperated with the Bank of Lithuania in taking immediate action to address the procedural deficiencies.

Central Bank

EBizCharge

JANUARY 21, 2025

Virtual terminals should implement strong payment security measures like encryption, tokenization, address encryption, address verification, and secure gateways to prevent fraud and data breaches. Merchants should do their due diligence to implement a secure virtual terminal that protects their business and builds customer trust.

Credit Cards

Stax

NOVEMBER 21, 2024

However, you must do your due diligence and be sure that the payment gateway will integrate seamlessly with your existing systems and your PSP’s platform. As a small business owner, building a payment gateway from scratch may be too time-consuming and expensive. You are likely better off opting for a third-party platform.

Credit Cards

Fintech Review

APRIL 19, 2025

While powerful, they typically operated in isolation and addressed narrow user needs. This includes due diligence, auditing, and shared responsibilities with financial institutions. SaaS Fintech: The Shift from Tools to Ecosystems The first generation of SaaS fintech platforms focused primarily on digitising individual tasks.

Finance

The Payments Association

JULY 15, 2025

Questions address both immediate challenges (fraud prevention, regulatory compliance, technology readiness) and forward-looking opportunities (AI implementation, collaborative defence strategies, regulatory evolution). Automation and enhanced due diligence received more modest attention at 18% and 5% respectively.

Financial Crimes

Neopay

JULY 30, 2025

Overview of the consultation HM Treasury’s consultation formed part of a broader initiative set out in the Economic Crime Plan 2023-2026, designed to address challenges related to economic crime. Transaction-based CDD triggers for art market participants and letting agents will now align with those for high-value dealers.

Money Laundering

Neopay

JANUARY 30, 2025

Gaps in customer Due Diligence and Transaction Monitoring Some firms failed to collect or verify information on customers’ expected annual income or business turnover at onboarding, making it harder to identify unusual transaction patterns later.

Financial Crimes

The Fintech Times

JULY 9, 2025

However, it has also been at rock bottom, accepting Buckingham Palace and Downing Street as valid consumer addresses. When a bank misses glaring red flags like customers listing addresses as ‘Buckingham Palace’ or ‘10 Downing Street’, it raises serious questions about how risks were assessed and who was (or wasn’t) paying attention.

Financial Crimes

Fintech Review

APRIL 19, 2025

While powerful, they typically operated in isolation and addressed narrow user needs. This includes due diligence, auditing, and shared responsibilities with financial institutions. SaaS Fintech: The Shift from Tools to Ecosystems The first generation of SaaS fintech platforms focused primarily on digitising individual tasks.

Finance

The Payments Association

JULY 18, 2025

Review third-party contracts and group structures to address exposure through agents and subsidiaries acting “for or on behalf of” the organisation. Harmonise UK–EU compliance strategies, coordinating with UK regulatory teams to align UK FCA/PRA operational resilience rules with DORA, while addressing jurisdictional overlaps.

Regulations

Payments Dive

JULY 7, 2025

Swiss regulators are doing more due diligence. Sign up A valid email address is required. Sign up A valid email address is required. Sign up A valid email address is required. Sign up A valid email address is required. Sign up A valid email address is required. Extending the offer isnt a big deal.

Tax Refunds

Cardfellow

MAY 21, 2025

Youll likely even get through the initial setup and may begin taking cards, because Square doesnt do upfront underwriting due diligence. However, later on they will likely realize it and close your account due to being a prohibited business type.

Accounts

Finovate

JANUARY 24, 2025

Additionally, weak credit checks and poor due diligence practices heighten the risk of users falling into financial overextension. To address these concerns, regulators across the globe are scrambling to regulate BNPL providers similarly to traditional credit frameworks. However, several areas still need more attention.

Regulations

Fintech News

JULY 23, 2025

It also addresses common barriers such as limited access to top-tier funds and the resources needed for in-depth due diligence. DBS said the partnership responds to rising demand from wealthy clients seeking diversification beyond public markets.

Accreditation

Fintech News

AUGUST 1, 2024

This service aims to streamline business due diligence and compliance for financial institutions and SMEs, addressing counter-party risk, credit exposure, and compliance with anti-money laundering (AML) regulations. JewelPaymentech, acquired by ADVANCE.AI The post ADVANCE.AI

Due Diligence

Fintech News

OCTOBER 8, 2024

These include maintaining a minimum capital of S$ 250,000 and adhering to stringent AML/CFT obligations, such as conducting customer due diligence, monitoring transactions, and reporting suspicious activities.

Service Provider

Fintech News

NOVEMBER 20, 2024

The company provides a full-featured global payment platform designed to reduce global trade expenses and address gaps in the financial services available to SMEs. XTransfer was founded to address these gaps. Regulators only require ‘due diligence,’ but the definition of what constitutes adequate due diligence can vary.”

Cross-Border Payments

Fintech News

APRIL 16, 2024

By utilising the company’s proprietary technology, the platform aims to simplify the investment process in private equity, debt, infrastructure, real assets, and hedge funds, by addressing common industry hurdles such as cumbersome subscription processes and limited educational resources for advisors.

Due Diligence

The Payments Association

JANUARY 29, 2025

Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships. July 2024: CB Payments Limited (Coinbase UK)3.5

Financial Crimes

Fintech News

DECEMBER 13, 2023

This investment reflects our conviction in the team’s capabilities and passion to address a huge pain point facing SMEs in Southeast Asia and its vision to be the number one supply chain financing service provider in the region,” said Kenny Man, Managing Partner of 01Fintech.

Due Diligence

Fintech News

JUNE 19, 2024

The collaboration aims to address the banking sector’s increasing regulatory demands, offering a standardised platform to replace outdated, home-built systems. We are pleased to partner with Sumsub, following a rigorous due diligence process.

Compliance

PYMNTS

MARCH 14, 2019

Yet, solution providers are working to address this issue. As businesses seek to expand their reach into new markets, they need to be sure they can handle due diligence for those new sets of consumers. Other financial service providers must rethink their due diligence approaches.

Money Laundering

Fintech News

JANUARY 16, 2024

CoorpID, launched in 2018 by ING Labs, addresses complex Know Your Customer (KYC) challenges. Blacksmith enables banks to tailor their Customer Due Diligence (CDD) requirements and streamline data collection for efficiency gains. I have no doubt Encompass is the ideal partner to take our foundations to the next level.”

Due Diligence

Stax

NOVEMBER 27, 2023

KYC’s three main components are the customer identification program (CIP), which was imposed by the USA Patriot Act in 2011; customer due diligence (CDD); and regular monitoring of the customer’s account and activities, which is also called enhanced due diligence (EDD). In the U.S.,

Due Diligence

PYMNTS

OCTOBER 13, 2016

Madhu explained that there are two segments of KYC — customer due diligence and enhanced due diligence. Customer due diligence covers the steps a business must take to identify and verify a consumer that is interacting with them digitally.

Compliance

Fintech Finance

SEPTEMBER 6, 2024

This partnership simplifies a crucial part of the payment process, which has grown more complex due to the evolving digital insurance landscape and economic changes. These challenges require enhanced due diligence which Cogitate and One Inc are addressing to create a more efficient and modern policyholder experience.

Payment Solutions

PYMNTS

FEBRUARY 7, 2019

Randy Fields, chairman and CEO of ReposiTrak parent company Park City Group , said this legislation exemplifies the difficulties of supply chain compliance in the food sector, and demonstrates the limitations of technology in automating compliance and due diligence. regulations, even if a vendor is not in the U.S.

Compliance

VISTA InfoSec

NOVEMBER 4, 2024

It helps the organization systematically address potential vulnerabilities and enhance cyber resilience. Develop a remediation plan Once gaps are identified, the next step is to create a roadmap for addressing them. Below we have the standard checklist for the DORA compliance , so lets get started.

Compliance

VISTA InfoSec

NOVEMBER 4, 2024

It helps the organization systematically address potential vulnerabilities and enhance cyber resilience. Develop a remediation plan Once gaps are identified, the next step is to create a roadmap for addressing them. Below we have the standard checklist for the DORA compliance , so lets get started.

Compliance

VISTA InfoSec

NOVEMBER 4, 2024

It helps the organization systematically address potential vulnerabilities and enhance cyber resilience. Develop a remediation plan Once gaps are identified, the next step is to create a roadmap for addressing them. Below we have the standard checklist for the DORA compliance , so lets get started.

Compliance

VISTA InfoSec

NOVEMBER 4, 2024

It helps the organization systematically address potential vulnerabilities and enhance cyber resilience. Develop a remediation plan Once gaps are identified, the next step is to create a roadmap for addressing them. Below we have the standard checklist for the DORA compliance , so lets get started.

Compliance

Fintech News

FEBRUARY 21, 2024

This alignment of powers across various financial regulations underscores MAS’s strategic approach to navigating the intricacies of modern financial crimes, ensuring that the regulatory framework is equipped to address challenges posed by technological advancements and global financial operations.

Financial Crimes

PYMNTS

DECEMBER 9, 2020

GIACT works in identity verification, and Refinitiv plans to offer its EPIC platform alongside the company's own World-Check to give customers comprehensive services to address money laundering risks, prevent monetary loss and look out for payments fraud, the two companies said in a news release.

Fraud Prevention

PYMNTS

JULY 24, 2020

A traditionally manual process involving PDF questionnaires, supplier due diligence is rarely at the top of the list when organizations are considering where to place their resources to invest in new, automated technology. Crossword Cybersecurity recently launched a new solution designed to address this pain point for small firms.

Risk

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. The FCA has stressed that these reforms are critical to addressing widespread weaknesses in safeguarding practices, which have led to significant consumer harm.

Due Diligence

Fintech News

DECEMBER 17, 2023

By leveraging partnerships, new channels, and modern technology solutions, they can address these challenges and become more agile, evolving faster to meet the everchanging customer needs. They can conduct due diligence to select fintech and cloud providers, ensuring no weak links and addressing regulatory concerns.

Payment APIs and Integration

Fintech News

FEBRUARY 6, 2024

The Advanced Transaction Monitoring Masterclass Addressing this critical need for informed vigilance, Sumsub introduces the Advanced Transaction Monitoring Masterclass , commencing on 20 February. This Masterclass isn’t just a course; it’s an in-depth journey into financial security.

White Collar Crime