Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024.

Payments Trends 120

Payments Trends Digital Currency Distributed Ledger Technology (DLT) Cross-Border Payments 120

PYMNTS

SEPTEMBER 30, 2020

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. Plus, Jumio is strenghtening its anti-money laundering (AML) functions.

Fincen 52

Fincen Financial Crimes AML Card Issuer 52

PYMNTS

JUNE 22, 2020

Vinnik, who’s currently held in France but wanted in the United States and his native Russia, allegedly laundered billions of dollars through BTC-e, one of the world’s largest digital-currency trading exchange, the Associated Press reported Monday (June 22). for violations of the Bank Secrecy Act. authorities, AP reported.

Bitcoin 72

Bitcoin Money Laundering Crime Financial Crimes 72

FICO

DECEMBER 17, 2020

As digital currencies grow, criminals are taking advantage of the emerging technology. Anti-financial crimes regulations require banks to enact robust risk management frameworks, including extensive KYC due diligence, integrated safeguards for AML transaction monitoring, and sanctions screening. This includes $2.8

Cryptocurrency 52

Cryptocurrency Risk Financial Crimes Crime 52

The Payments Association

OCTOBER 14, 2024

The flaws in prevailing central bank digital currency (CBDC) designs and suggestions for improving them. These design flaws could undermine efforts to create a public digital payments system for the future economy. What is this article about? Why is it important? What’s next? But the damage was done.

Privacy 88

Privacy Addressing CBDC Payer 88

PYMNTS

OCTOBER 19, 2020

Earlier this month, The Bank of Russia had released a report on a potential rollout of the digital ruble. 19) announcement.

Fincen 53

Fincen Mitigation Risk AML 53

PYMNTS

JULY 30, 2019

In a hearing titled “Examining Regulatory Frameworks for Digital Currencies and Blockchain,” the United States Senate Banking Committee heard from industry participants and analysts, with a common refrain that potential and risk are in the offing, and new regulations are needed. In crypto, only a few trust?

Digital Currency 56

Digital Currency Money Laundering Data Breach Privacy 56

Fintech News

JANUARY 24, 2024

In May 2023, the MAS released a Consultation Paper on amendments to the Payment Services Regulations 2019, introducing new measures for Digital Payment Token (DPT) services, including a requirement for customer asset safekeeping under statutory trust. The company is headquartered in Boston, Massachusetts.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

PYMNTS

NOVEMBER 16, 2018

The Financial Crimes Enforcement Network (FinCEN) announced that it has issued revised Geographic Targeting Orders (GTOs), which will now require U.S. title insurance companies to identify the individuals behind shell companies involved in all-cash purchases of residential real estate.

Fincen 53

Fincen Financial Crimes SARS Crime 53

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. million, was the lowest tally seen in years. citizenship.

Digital Currency 52

Digital Currency Crime Cryptocurrency Money Laundering 52

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. million, was the lowest tally seen in years. citizenship.

Digital Currency 40

Digital Currency Crime Cryptocurrency Money Laundering 40

Fintech News

DECEMBER 19, 2023

The conference will feature 10 fintech tracks covering a spectrum of fintech verticals including regulations, embedded finance, paytech, regtech, combating financial crime, fintech globally, impact fintech, Web 3.0, artificial intelligence (AI) in finance and cybersecurity.

FinTech 128

FinTech Web 3.0 Participant AI 128

The Fintech Times

FEBRUARY 27, 2024

When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. Despite global financial institutions spending upwards of $206billion annually on compliance with financial crime prevention regulations – the desired effect is not being realised.

Consumer Protection 69

Consumer Protection Payments Trends Stablecoins Consumer 69

Payments Source

NOVEMBER 20, 2019

Yet that figure is relatively low compared with other digital assets such as bitcoin, according to the fintech Elliptic.

Crime 69

Crime Bitcoin FinTech Money Laundering 69

CB Insights

MAY 8, 2018

At the same time, it appears that the SEC is treating some existing cryptoassets as currencies or commodities — not securities. These only allow eligible investors to invest, and require them to follow KYC/AML regulations, among others. Polymath hopes to help “trillions of dollars of financial securities migrate to the blockchain.”

Blockchain 75

Blockchain Technology Cryptocurrency Use Case 75

FICO

APRIL 19, 2021

In the US, The Financial Crimes Enforcement Network (FinCEN) has proposed rulemaking “regarding certain transactions involving convertible virtual currency (CVC) or digital assets with legal tender status (LTDA).” Join Us for the Webinar ‘Off to a New AML World – the Crypto Challenge’. Want to Dive Deeper?

AML 52

AML Cryptocurrency Financial Crimes Money Laundering 52

The Payments Association

MARCH 18, 2025

During the Biden Administration, the US Federal Reserve (the Fed) explored plans for Project Cedar, an early-stage framework for a potential central bank digital currency (CBDC). These views highlight the political divisions shaping the debate over the future of digital currency in the United States.

Federal Reserve 88

Federal Reserve Stablecoins Fed Settlement 88

The Payments Association

APRIL 14, 2025

The FCA's new five-year strategy focuses on being a smarter regulator, supporting growth, aiding consumers, and combating financial crime. This new offence aligns with a broader regulatory trend: increasing corporate accountability for financial crime prevention.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88