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Singapore’s Risk Assessment Highlights New Terrorism Financing Concerns

Fintech News

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. The assessment also notes the rising concern of far-right extremism, although it has not significantly impacted Southeast Asia.

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Understanding the Dora Compliance: A Comprehensive Guide

VISTA InfoSec

By implementing DORA, the EU seeks to create a unified approach across its member states, ensuring a higher level of digital operational resilience and mitigating the risk of widespread disruption in the financial system. This includes regular risk assessments, controls, and monitoring mechanisms to address vulnerabilities and threats.

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How Can Fintechs Ensure Traditional Financial Service Providers Place More Emphasis on Inclusivity?

The Fintech Times

Unlike traditional banks and financial service providers, which are often constrained by legacy systems and processes, fintechs are often more flexible – enabling them to quickly build solutions that better support underserved communities. appeared first on The Fintech Times.

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Dwolla Partners with Plaid to Future-Proof Pay by Bank Payments

Fintech Finance

-based account-to-account (A2A) payment solution provider, today announced an expanded partnership with Plaid , a data network powering the digital financial ecosystem. This will enable customers to onboard with Plaid through Dwolla’s Open Banking Services, creating a modern A2A payment offering for mid- to enterprise-sized businesses.

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Can Crypto Firms Catch Up on Compliance Gaps as Regulations Evolve?

Fintech News

As a result, many have passed legislation to implement the Travel Rule for virtual asset service providers (VASPs). Source: Sumsub Key issues include weak risk assessments, delayed rollout of the Travel Rule, and a lack of interoperability among compliance tools.

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Navigating AML obligations in the age of virtual IBANs

The Payments Association

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Why is it important? What’s next?

IBAN 88
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Tech innovation in payments: Bridging gaps and building an inclusive financial ecosystem

The Payments Association

AI and machine learning: Strengthening security and financial access Artificial intelligence is transforming risk assessment and fraud prevention in the payment ecosystem. In the UK, Open Banking regulations have enabled new players to develop innovative financial solutions, benefiting small businesses and consumers alike.