Global Fintech & Digital Assets

FEBRUARY 26, 2024

Implementation of Basel Committee cryptoassets standard to provide additional clarity for banks looking to engage in cryptoassets business. On 20 February 2024, the HKMA also published guidance on digital asset custody services and sale and distribution of tokenised products conducted by banks.

Consulting 52

Consulting Regulations Distributed Ledger Technology (DLT) Stablecoins 52

Stax

MAY 6, 2025

Acquiring bank This is the merchant bank that allows the business to receive money from card transactions and store these funds. The issuing bank This is the cardholders bank or the financial institution that issued their credit or debit card. Think: Visa, Mastercard, American Express, and Discover.

Credit Cards 88

Credit Cards Online and Mobile Banking Payment APIs and Integration Credit Card Payment Processing 88

The Fintech Times

APRIL 15, 2025

Al Ansari Exchange , the UAE-based remittance and foreign exchange company, and Ruya Islamic Community Bank (ruya), a digital-first Islamic community bank, are working together to enhance financial inclusivity and convenience for customers across the UAE.

FinTech 65

FinTech Payment APIs and Integration Non-Bank Community Banks 65

The Payments Association

MAY 3, 2025

But open banking has struggled due to inconsistent API access from incumbent banks. Consultations on safeguarding, strong customer authentication (SCA), and cross-border rules are overdue. Dimitrova encapsulated the prevailing sentiment with a candid assessment: The only certainty is uncertainty. Were in limbo.

Payment APIs and Integration 88

Payment APIs and Integration Cross-Border Embedded Finance Payments 88

Fintech News

MAY 22, 2024

Arctic Intelligence (Australia) Headquartered in Sydney, Australia, Arctic Intelligence is a multi-award-winning regtech company specializing in financial crime risk assessment technologies. For larger enterprises and the consultants assisting them, Arctic Intelligence offers the Risk Assessment Platform. Transparently.AI

Financial Crimes 103

Financial Crimes Crime APACS Risk Assessment 103

Stax

MARCH 5, 2025

The payment processor is a financial institution that handles transactions between the two banks. Instead of driving down the complicated road of bank transfers or check payments, you can give your customers a simpler way to complete their purchases through your own website. But what’s the difference between these two?

Credit Card Payment Processing 88

Credit Card Payment Processing Credit Cards Process Payment Gateways 88

Fintech News

MAY 19, 2024

Data monetization in the banking sector has become increasingly prevalent in recent years, driven by evolving customer expectations, new data sharing rules and opportunities for new revenue streams. Data monetization refers to the process of using data to obtain quantifiable economic benefit. This enhances the overall customer experience.

Rules 108

Rules Non-Bank Audit Central Bank 108

The Payments Association

MAY 16, 2025

Merchants should assess exposure, engage with providers, and begin implementation planning ahead of key deadlines. The FCA’s final guidance, issued in April 2025, outlines “reasonable procedures,” including fraud risk assessments, internal controls, staff training, and governance oversight. Why is it important?

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

EBizCharge

MAY 5, 2025

Credit card processing fees are comprised of several fees, such as: Interchange fees: Interchange fees are paid to the card-issuing bank and typically consist of a percentage of the total transaction amount plus a small, fixed charge. Assessment fees: Assessment fees are imposed by major credit card networks (Visa, Mastercard, etc.)

Credit Cards 52

Credit Cards Small Business Process ACH 52

The Fintech Times

JANUARY 31, 2025

B Corp is a rigorous assessment that verifies companies have met high standards of social and environmental performance, transparency, and accountability: theres absolutely no room for mere box-ticking. “Today we have no real way to be sure that our favourite fintech is as ethical and good as it claims to be.

FinTech 65

FinTech Audit Financial Inclusion Advisors 65

Fintech News

JULY 23, 2024

The list, produced by CNBC in collaboration with market research firm Statista, highlights the world’s top 250 fintech companies across eight market categories: payments, wealthtech, business process solutions, neobanking, alternative finance, financial planning, digital assets and banking solutions. billion (US$4.4

FinTech 133

FinTech Online and Mobile Banking Multi-Currency Non-Bank 133

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. PayFacs also handle risk assessment, underwriting, settling of funds, compliance, and chargebacks. Think of them as service providers that rent their master merchant accounts to their clients.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Stax

JANUARY 15, 2024

Interchange fees are fees your bank (acquirer) pays to the cardholder’s bank (issuer) in a credit card transaction. Conduct regular internal audits—preferably on an annual or biannual basis—to assess ongoing compliance with federal regulations. In case of ambiguities, don’t hesitate to consult with state regulators.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Fintech News

APRIL 3, 2025

While compliance is voluntary, the SFA offers accreditation for BNPL providers through independent assessments. If enacted, the Consumer Credit Act will introduce greater oversight of non-bank credit providers, ensuring BNPL users are protected from financial risks. Banks must not imply that BNPL isnt borrowing.

BNPL 113

BNPL Regulations Accreditation Consumer Protection 113

Stax

MAY 7, 2024

Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. to 2.9%) while the non-qualified is the highest.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

The Fintech Times

MAY 30, 2025

Simply put, knowledge, says sgeir skarsson , managing director of BSV Association , non-profit organisation, acting as the open-source governing body and global steward of the BSV Blockchain. “Despite innumerable benefits of blockchain technology for businesses, many of them are slow to adopt blockchain technology.

Blockchain 51

Blockchain AI Use Case Cryptocurrency 51

Fintech News

MAY 23, 2024

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

Online and Mobile Banking 133

Online and Mobile Banking Treasury Non-Bank Credit Cards 133

Stax

DECEMBER 4, 2023

The Bank Secrecy Act (BSA) establishes AML program requirements for financial institutions in the US while the USA Patriot Act lays down which entities are required to comply. As such, the Bank Secrecy Act (BSA) establishes certain AML program requirements for financial institutions in the US.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Open Banking

APRIL 20, 2023

We are pleased to open the consultation for v3.1.11 The updates also include one non-Order-related proposition funded by a member of the CMA9 (proposition P21b). How and when to respond We welcome responses to the consultation from all interested parties. 08 Dec 2021 Read more Standards OBL publishes Open Banking Standard v.3.1.11

Non-Bank 52

Non-Bank Consulting Assessments Authorization 52

Fintech News

APRIL 16, 2024

Fintech Thailand is poised for significant growth and development in areas including digital banking, open finance, and startup support. With cashless payment becoming ubiquitous, the Bank of Thailand (BOT) is now paving the way for open finance, aiming to enhance consumer access to financial services.

FinTech 120

FinTech Bots Central Bank Innovation 120

PYMNTS

JANUARY 22, 2020

Grab , Razer , AirAsia , Axiata and CIMB join other companies that are considering applying for digital banking licenses in Malaysia, sources told Reuters on Wednesday (Jan. Some are in discussions with consultants for guidance as they ponder a move into digital banking, according to the sources, who are familiar with the matter.

eWallet 54

eWallet Online and Mobile Banking Void Non-Bank 54

Stax

SEPTEMBER 26, 2024

But merchants often confuse surcharge fees with other types of fees, so let’s sort out their differences below: Customers who choose non-standard payment options are subject to convenience fees. Merchants pay interchange fees to compensate the cardholder’s bank (issuer) for the risk of managing credit card accounts.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Global Fintech & Digital Assets

MARCH 5, 2024

Regulator sets out its expectations for banks looking to provide digital asset custody services, and sell and distribute tokenised products. The guidance continues the momentum of digital asset regulation in Hong Kong, following a raft of other rules and consultations recently published by Hong Kong regulators.

Authorization 59

Authorization Product Due Diligence Procedures 59

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. Sparrow Tech Private offers digital asset products and solutions.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

FICO

OCTOBER 17, 2022

Open Banking in the Philippines and the Opportunities in the Data. Senior Consultant, Analytics. Open Banking in the Philippines - the path ahead. Open Banking in the Philippines promises to give customers the control to share their data and allow third-party providers to access their data. FICO Admin. by Mark Roberts.

Credit Risk 52

Credit Risk Payment APIs and Integration Consulting Non-Bank 52

The Finance Weekly

JULY 31, 2023

Improved financial modeling and investment banking management are among the notable benefits that AI brings to growing companies. This technology allows professionals to seek real-time insights, consult for expert advice, and access top-notch information in a more efficient manner.

AI 130

AI Finance Procedures Accounts 130

VISTA InfoSec

SEPTEMBER 14, 2023

Non-EU businesses monitoring activities such as cookies or other tracking technologies, behavioral advertising, geolocation, and market surveys can be subject to GDPR (Recital 24 of the GDPR). citizen visits Iceland, which is in the EEA, and uses a non-GDPR-protected service. Data Processor Classification: On the other hand, U.S.

Compliance 130

Compliance Privacy Legal Processors 130

PYMNTS

NOVEMBER 11, 2019

a month, customers will have access to 10 percent off two big shops up to £200 each; 10 percent off customers’ favorite Tesco brands at all times; double data on a monthly contract for new and existing Tesco Mobile customers; and exclusive access to apply for a Tesco Bank credit card with no foreign exchange fees. percent) of U.S.

Consulting 48

Consulting NOV Non-Bank Credit Cards 48

The Payments Association

OCTOBER 11, 2024

The Financial Conduct Authority (FCA) is consulting on new rules and guidance to strengthen the safeguarding of consumer funds in the payments and e-money sectors. This is a vital component of the FCA’s new safeguarding regime, as payment firms often rely on banks, custodians, and insurance providers to hold or protect consumer funds.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

The Fintech Times

JANUARY 9, 2024

The platform, which is backed by Lloyds Bank, targets cash flow shortages, a primary cause of delayed payments in the construction sector. He joins Optimum with more than 40 years’ experience within invoice finance and the financial services, including a long stint at Lloyds Banking Group.

FinTech 59

FinTech Non-Bank Cross-Border Payments Embedded Finance 59

FloQast

DECEMBER 13, 2023

Combined with other issues, including panic selling, bank failures, excessive risk-taking, and economic imbalances, it created the perfect storm that led to Black Tuesday. However, the Senate Committee on Banking, Housing, and Urban Affairs was also drafting its own bill and needed help. 3763) April 24, 2002 The House passes Rep.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

The Fintech Times

DECEMBER 5, 2023

LHV Bank, one of the UK’s newest licensed banks, reveals its Personal Savings products are now available on Flagstone, the UK cash deposit platform. The Flagstone platform will be a key channel to market for LHV Bank ahead of the planned launch of its consumer savings offering via its own channels in 2024.

FinTech 59

FinTech Non-Bank B2B AI 59

PYMNTS

DECEMBER 26, 2018

Treasury’s FinCEN and Federal Banking agencies issued a joint statement encouraging innovative industry approaches to combating money laundering, terrorist financing and other illicit financial threats. The financial industry has paid $321 billion in fines just through the end of last year, as estimated by Boston Consulting Group.

Money Laundering 76

Money Laundering AML Wire Transfer Rules 76

Clearly Payments

JULY 11, 2024

The Complexity of Payment Processing The payment processing value chain has multiple participants and steps, including the merchant, the customer, the acquiring bank , the issuing bank , and the payment processor. Assessment Fees: Charged by card networks (e.g., Visa, MasterCard) for using their network. per transaction.

Process 52

Process PCI DSS Processors Non-Bank 52

Neopay

JANUARY 25, 2024

The European Banking Authority (EBA) on 16th January extended its Guidelines on money laundering (ML) and terrorist financing (TF) risk factors to crypto-asset service providers (CASPs). Therefore, it is important that CASPs know about these risks and put in place measures that effectively mitigate them.

Service Provider 52

Service Provider Risk Due Diligence Money Laundering 52

PYMNTS

JULY 13, 2018

Analysts are warning that rising competition among large lenders and shadow banks to issue junk bonds may cause a “race to the bottom” and uncover greater risks. trillion, and competition is rising as regulators slowly ease restrictions on banks’ corporate lending practices. Lenders collected $6.6

Risk 40

Risk Federal Reserve Regulations Non-Bank 40

Stax

JULY 16, 2024

As a business owner, we suggest that you take the PCI SAQ (Self-Assessment Questionnaire) to check if your business is compliant. While it isn’t mandatory by law to comply with PCI security controls, most credit card brands require PCI DSS compliance and non-compliance can lead to hefty fines. Learn More What Is PCI DSS?

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88