Fintech News

JULY 1, 2024

Singapore has released its updated Terrorism Financing National Risk Assessment (TF NRA) and National Strategy for Countering the Financing of Terrorism (CFT) to address terrorism threats.

Risk Assessment 117

Risk Assessment Assessments Risk Finance 117

PYMNTS

AUGUST 17, 2020

The letter is addressed to Amazon CEO Jeff Bezos, India Prime Minister Narendra Modi and other government officials in the country. The legal framework surrounding Amazon’s move is complicated by the general muddy state of drugstore regulation in India. Amazon Pharmacy launched in Bengaluru, India last week.

Shutdown 100

Shutdown Legal Framework Legal Governance 100

Open Banking Excellence

JULY 8, 2025

Consumer Financial Protection Bureau (CFPB) had worked to address these regulatory gaps by developing new rules under the Dodd-Frank Act’s Section 1033. lacks a comprehensive federal framework for data protection. has seen a more fragmented, market-driven evolution. Financial regulations in the U.S.

Regulations 130

Regulations Payment APIs and Integration CFPB API 130

Fintech News

FEBRUARY 14, 2024

The guide provides a practical toolkit for the industry, leveraging expert opinions from various stakeholders to explore the role of banks in digitalization initiatives, legal frameworks, international standards and innovative technologies.

Finance 127

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 127

The Payments Association

JUNE 16, 2025

The policy does nothing to address the prevention of economic crime and, it is now widely understood, here and abroad, that a whole ecosystem approach including social media companies, technology companies and telcos is required rather than simply penalising financial institutions."

Scams 88

Scams Assessments Consumer Protection Fraud Prevention 88

Fintech Review

SEPTEMBER 17, 2024

Legal Challenges Facing DAOs While they offer many advantages, they are not without challenges, particularly regarding legal recognition. DAOs exist in a grey area legally because traditional legal frameworks have not caught up with blockchain innovations. However, they are not without challenges.

Governance 105

Governance Government Innovation Legal 105

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

Open Banking Excellence

SEPTEMBER 27, 2024

The main objectives of this law are to promote financial inclusion, establish a solid legal framework to increase users’ confidence in financial technology services, and stimulate greater competition in the financial market. In 2023, the Fintech landscape experienced notable growth.

Financial Inclusion 147

Financial Inclusion Laws FinTech Regulations 147

PYMNTS

DECEMBER 23, 2020

The Hill is focused on addressing perceived abuses or lapses in responsibility by Big Tech, but one-size-fits-all policy prescriptions may actually embolden those larger platforms at the expense of smaller and mid-sized platforms like Etsy,” said Jeffrey Zubricki, Etsy’s director of U.S. We support legal frameworks that achieve these goals.”.

Federal Trade Commission 76

Federal Trade Commission Legal Framework Laws FTC 76

Fintech News

JULY 17, 2024

In 2024, the top 100 bitcoin consolidation wallets received £968 million worth of bitcoin from over 14,970 distinct addresses. Cross-Border Collaboration and Public-Private Partnerships The report emphasises the need for global cooperation to address the borderless nature of cryptocurrency transactions.

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

The Fintech Times

FEBRUARY 21, 2024

Furthermore, Asia is proactive in implementing the necessary legal frameworks to support these advancements. Unlike the EU, which benefits from uniform regulations and a shared legal framework for its member states, Asia presents a tapestry of diversity with no overarching structures.

APACS 59

APACS Legal Framework Finance Cross-Border 59

Fi911

JANUARY 4, 2024

Certain regulations known as “chargeback rules” are, in fact, based on legal statutes. The Fair Credit Billing Act (FCBA) Passed in 1974, the FCBA addressed concerns about credit card theft and fraud. The development of the chargeback system was initially a response to policies set by the US federal government.

Disputes 105

Disputes Laws Rules Governance 105

PYMNTS

NOVEMBER 4, 2016

Switzerland’s new plans to loosen regulations on FinTech firms to boost competition include addressing the legal treatment of virtual currencies and assets. The 500-page, $5,000 applications are an attempt to offer an unequivocal legal framework for businesses to exchange in bitcoin.

Bitcoin 76

Bitcoin Digital Currency Law Enforcement Legal Framework 76

Fintech Finance

MAY 7, 2025

With my experience in building high-performing legal teams and navigating complex regulatory environments, I look forward to helping PayFuture expand its reach globally, while ensuring that legal frameworks and internal processes remain agile and aligned with business needs.”

Legal 59

Legal Regulatory Compliance Legal Framework Compliance 59

Fintech News

JANUARY 17, 2024

To address these issues, the Reserve Bank of India (RBI) took action in 2023 by mandating stricter IT governance and risk controls. This collaboration, while essential, requires careful navigation of legal frameworks to ensure effective and compliant information exchange.

Deepfake 125

Deepfake APACS Scams Authentication 125

The Payments Association

FEBRUARY 10, 2025

This legislation represents a significant shift in corporate accountability, aiming to strengthen the UKs legal framework against financial crime. This article explores the key provisions of the Act, the risks businesses must address, and the steps required to mitigate potential liabilities.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Neopay

JULY 18, 2024

The Regulation recasts Regulation (EU) 2015/847 and brings the EU’s legal framework in line with the Financial Action Task Force (FATF)’s standards by extending the obligation to include information about the originator and beneficiary to CASPs – the so-called ‘travel rule’.

Travel Rule 52

Travel Rule Money Laundering Rules Finance 52

Stax

FEBRUARY 5, 2024

Over time, they’ve evolved into strategic means, addressing industry-specific challenges and adapting to economic shifts. Types of Surcharges Surcharge fees come in many forms, tailored to address specific needs within different sectors. Review legal frameworks to protect consumers from unfair surcharging practices.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

The Fintech Times

JUNE 6, 2024

The initiative seeks to address inefficiencies in cross-border payments, such as high costs, low speed, and operational complexities, while promoting financial inclusion. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing.

Participant 45

Participant Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 45

PYMNTS

APRIL 21, 2020

Mexico’s eInvoicing requirements began back in 2004, when its tax authority, the SAT, first developed its eInvoicing legal framework. “It solves a convenience problem,” Chahal explained, noting that integrating payments and invoicing addresses friction on both the AP and AR side. While the U.S.

B2B 57

B2B Payer Payments Legal Framework 57

Neopay

JULY 18, 2024

The European Union’s 6th Anti-Money Laundering Directive (6AMLD) has enhanced the legal framework, increasing penalties and expanding the scope of predicate offenses. In contrast, emerging markets in Asia and Africa face significant challenges due to weaker regulatory frameworks and limited resources.

Money Laundering 52

Money Laundering AML Cryptocurrency Law Enforcement 52

The Fintech Times

MARCH 23, 2024

Addressing these issues head-on is From Fintech to Ubiquitech: Accelerating the wider UK Digital Economy, a new report authored by a working group led by Dr. Ruth Wandhöfer. It sheds light on the pressing issues plaguing the nation’s digital ecosystem and proposes bold strategies for transformative change.

Economy 59

Economy Crime Legal Framework Governance 59

FICO

MARCH 7, 2023

The EU Sets Out the First Legal Framework for AI Regulation In April 2021, the European Commission and EU member states kicked off a coordinated plan placing Europe on a path to becoming a global leader in cutting-edge, trustworthy artificial intelligence. Ethical AI is as big driver.

AI 52

AI Regulations Legal Framework Non-Bank 52

Neopay

NOVEMBER 27, 2023

The recast brings the EU’s legal framework in line with the Financial Action Task Force (FATF)’s standards by extending the obligation to include information about the originator and beneficiary to CASPs – the so-called “travel rule”.

Money Laundering 52

Money Laundering Consulting Finance Travel Rule 52

The Fintech Times

JULY 2, 2024

Vertical SaaS targets specific industries with tailored products that address particular industry challenges, contrasting with horizontal SaaS which offers more generic products across various industries. There are political shifts, economic reforms, and efforts to modernise outdated legal frameworks.

FinTech 59

FinTech Cross-Border Underserved Legal Framework 59

Segpay

MARCH 24, 2025

By comparing the Australian legal e-gaming and e-gambling landscape with that of the USA, we want to make it easier to understand for our readers who are familiar with US regulations. Before addressing gaming and gambling regulations, let’s take a helicopter view at the regulatory frameworks that regulate the payments industry.

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

Basis Theory

OCTOBER 1, 2024

Scenario 2 : If you're processing less than 6 million transactions and aren't using a service provider, someone in your organization will need to address over 300 questions in your annual SAQ D. Quarterly scans typically run around $175 per IP address. As such, you should reduce your scope to SAQ A or SAQ A-EP for as long as possible.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Segpay

MAY 1, 2024

Its legal framework is designed to enhance the operational resilience of all digital service providers, including payment service providers (PSPs), that operate in the European Union (EU). DORA’s Main Pillars Digital services providers, including PSPs, must adhere to ensure compliance with the framework.

Cybersecurity 52

Cybersecurity Compliance Procedures Consumer Protection 52

FICO

SEPTEMBER 27, 2017

These tools offer the ability to pay or enter into a payment arrangement on-line, consolidating debt from multiple agencies to present a consolidated bill, or finding address and phone number data in an automated fashion. Below is a list of key items to support this function: Single Legal Framework.

Governance 49

Governance Government Non-Bank Authorization 49

PYMNTS

APRIL 28, 2017

Imagine someone trying to write down a TOR address off of their smart television set and walking over to their computer to enter it there. They freeze phones to lock access and demand ransom — but then users don’t have a way to pay the ransom without accessing another device. That will be the difficulty for these guys,” Haley said.

Ransomware 62

Ransomware End User Crime Authentication 62

Segpay

APRIL 1, 2025

France and the United Kingdom have implemented strict age verification regulations to address this issue. While their goals align, their approaches and legal frameworks differ. Legal frameworks will continue to adapt, striving to find the best balance between safety, privacy, and accessibility in a digitalized world.

Verification 45

Verification Regulations Online and Mobile Banking Laws 45

Stax

JANUARY 15, 2024

In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Legal and Regulatory Framework Compliance ensures secure and transparent financial transactions, but nuances exist that businesses must grasp. Collaboration with ASVs.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Finextra

JULY 7, 2025

We may see new regulations specifically addressing tokenised securities to clarify things. They offer the speed and openness of crypto markets but are still tethered to the legal and financial realities of traditional markets. Tokenised stocks hold a lot of promise, but they also inherit or create some issues that need ironing out.

Blockchain 59

Blockchain Payment APIs and Integration Regulations Security 59

FICO

JUNE 19, 2023

One firm, for example, describes itself as the “Ikea of collections” and addresses its customers by their first name. Both are within the same legal framework, but the perception of what is allowed and what is not is different. This is also effective because it does not put customers in a defensive attitude.

Automation 52

Automation Legal Framework Legal Consulting 52

Nanonets

SEPTEMBER 22, 2023

RPA solutions are designed to follow predefined rules and protocols, ensuring that all financial transactions and reporting adhere to industry standards and legal frameworks. Automation reduces response times and improves accuracy in addressing customer inquiries and concerns.

Automation 40

Automation Accounts Process Reconciliation 40

Finovate

JANUARY 24, 2025

Shabi: Complying with the MiCA framework is the first thing that comes to mind when cryptocurrency and the EU are mentioned in the same sentence. MiCA is the EUs first comprehensive legal framework for crypto assets that introduces clear and consistent rules across member states. However, several areas still need more attention.

Regulations 73

Regulations FinTech BNPL Cross-Border 73

Segpay

MARCH 20, 2024

Banks must proactively address these ethical and social concerns through transparent communication, stakeholder engagement, and responsible AI governance practices. Additionally, using AI algorithms for credit scoring and loan approvals may raise questions about fairness, transparency, and accountability in decision-making processes.

AI 111

AI Privacy Non-Bank Fraud Detection 111