Stax

MARCH 18, 2025

It authorizes or declines payments based on available funds and fraud checks. Payment information is encrypted and sent for authorization – The payment gateway encrypts and sends the payment details to the payment processor. This means they authorize and complete transactions faster than manual processing procedures.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

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. Voices from the industry Businesses subject to the Failure to Prevent Fraud offence must understand their legal obligations under the new law.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

The Fintech Times

NOVEMBER 12, 2024

In 2018, it established the Astana International Financial Centre (AIFC) and its independent regulator the Astana Financial Services Authority (AFSA). This includes an external financial audit and obtaining ISO certifications following an audit of the entity’s information systems.

FinTech 59

FinTech Audit Non-Bank ISOs 59

Finextra

JUNE 18, 2025

Home Announcements Regulation OnePay selects Flagright for trransaction monitoringg and AML compliance External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author.

AML 52

AML Compliance Financial Crimes AI 52

Stax

APRIL 10, 2025

The payment method is outside the control of a centralized authority like the central banks that issue and guarantee traditional legal tender (money). And the fact that we dont have established local and international regulations managing their usage means people have little legal recourse if things go wrong.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

Finextra

JUNE 23, 2025

This means the “stable” in stablecoin is now legally enforceable. Issuers will need to publish regular reserve reports and undergo audits, putting to rest the ghost of past scandals where holders fretted over whether their stablecoins were truly backed. It expresses the views and opinions of the author. Now that U.S.

Embedded Finance 52

Embedded Finance Stablecoins Finance Payment APIs and Integration 52

Finextra

JUNE 19, 2025

First, it offered clarity and legal certainty at a time when the EU was still debating what its approach to crypto-asset regulation should look like. It must include an organogram and a business plan that sets out audit controls, which critical functions you intend to outsource and, if so, how youll approach it, and AML/CFT compliance.

Payments 52

Payments Regulations Authorization AI 52

Finextra

JUNE 2, 2025

The permissionless nature of DeFi protocols mirrors the ideals of open banking’s API economy, but with the permissions baked into the tech (open to all by default) rather than into legal agreements. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Finance 52

Finance Payment APIs and Integration API Regulations 52

The Payments Association

JULY 18, 2025

This roadmap is designed to support leadership, legal, and compliance teams in navigating a fragmented but fast-evolving regulatory terrain. Firms should also ensure an appropriately detailed audit is carried out before the rules come into effect and before reports are shared directly with the FCA.

Regulations 88

Regulations Payment APIs and Integration Payments Legal 88

Finextra

JULY 9, 2025

Banks and asset managers are expected not only to know who the client is, but also where their capital actually came from, and to provide auditable proof. It’s important to note that the information asymmetry between the heirs and founders isn’t a legal challenge, but rather an infrastructure and coordination failure.

Compliance 52

Compliance Cross-Border Payment APIs and Integration Legal 52

Fintech Weekly

JUNE 12, 2025

Underpinning regulatory ease, firms are looking for access to a strong professional cohort, the EU market, an attractive lifestyle, and a stable political and legal system. We know that these attributes may not initially attract a fintech company to a jurisdiction like Malta, but these are the reasons firms stay as they grow.

FinTech 88

FinTech Cross-Border Regulations Blockchain 88

Finextra

JULY 7, 2025

The token in your wallet gives you economic exposure (price movements, and often dividends), but it typically doesn’t give you shareholder voting rights or direct legal ownership. They offer the speed and openness of crypto markets but are still tethered to the legal and financial realities of traditional markets.

Blockchain 59

Blockchain Payment APIs and Integration Regulations Security 59

Finextra

JULY 7, 2025

Rather, its a complex tapestry woven with threads of business strategy, legal compliance, technical limitations, and ingrained organizational culture. This includes not only protecting against malicious actors but also accidental disclosures, which can have significant legal and reputational consequences.

AI 59

AI Payment APIs and Integration Audit Government 59

VISTA InfoSec

MARCH 28, 2024

Data Minimization Data minimization means collecting only the information you absolutely need to serve your customers or comply with legal requirements. For example, if you’re only shipping products, you might not need to collect customers’ birthdates unless it’s relevant for legal age verification.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

FICO

JUNE 21, 2021

In today’s litigious environment , AI-powered business decisions must be more than explainable, ethical and responsible; we need Auditable AI. Why Auditability Matters. Auditable AI makes Responsible AI real by creating an audit trail of a company’s documented development governance standard during the production of the model.

Audit 116

Audit AI Government Governance 116

VISTA InfoSec

OCTOBER 21, 2024

Ensuring adherence to data protection laws, internal policies, and overseeing responsibilities, training, and audits. Working closely with the supervisory authority on processing-related matters. Strong communication skills to easily convey technical and legal concepts to the stakeholders, regulators, and employees.

CCPA 208

CCPA Assessments Privacy Laws 208

VISTA InfoSec

SEPTEMBER 30, 2024

A data protection officer role is to act as a bridge between organizations, its employee, and the regulatory authorities ensuring that the handling of personal data is safe, lawful and in line with regulations like GDPR (General Data Protection Regulation). Key Responsibilities of a Data Protection Officer 1.Monitoring

CCPA 130

CCPA Privacy Data Breach Laws 130

VISTA InfoSec

OCTOBER 21, 2024

A data protection officer role is to act as a bridge between organizations, its employee, and the regulatory authorities ensuring that the handling of personal data is safe, lawful and in line with regulations like GDPR (General Data Protection Regulation). Key Responsibilities of a Data Protection Officer 1.Monitoring

CCPA 130

CCPA Privacy Data Breach Laws 130

VISTA InfoSec

OCTOBER 21, 2024

After this deadline, non-compliance could lead to legal consequences and penalties, including fines of up to 2% of an entity’s annual global turnover or periodic penalties based on average daily turnover until compliance is achieved. This is where VISTA InfoSec’s expert consulting and audit service comes into play.

Compliance 182

Compliance Third-Party Service Provider Risk Assessment Audit 182

VISTA InfoSec

FEBRUARY 25, 2024

A data breach occurs when cybercriminals infiltrate your systems and access sensitive information without authorization. You may face legal/regulatory penalties for violating disclosure laws. Minimize Access Only authorize essential system/data access for users per role responsibilities. What Is A Data Breach?

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

The Payments Association

OCTOBER 23, 2024

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms). What does this mean for Payments firms?

Rules 88

Rules Payments Institute Authorization Reconciliation 88

VISTA InfoSec

JULY 17, 2024

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Each of these sets its own rules on handling personal information safely and legally. Outline regular audit processes to check compliance with these policies.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

Fintech News

FEBRUARY 21, 2024

The Indonesian Financial Services Authority (OJK) is closely monitoring Investree , a fintech peer-to-peer lending platform, following public reports of potential operational and consumer protection violations. The OJK has previously imposed administrative sanctions on the platform due to these issues. The company had earmarked US$4.5

Law Enforcement 120

Law Enforcement Audit Consumer Protection Authorization 120

VISTA InfoSec

OCTOBER 7, 2024

After this deadline, non-compliance could lead to legal consequences and penalties, including fines of up to 2% of an entity’s annual global turnover or periodic penalties based on average daily turnover until compliance is achieved. This is where VISTA InfoSecs expert consulting and audit service comes into play.

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

VISTA InfoSec

SEPTEMBER 14, 2023

As per Article 4 (7) , a data controller is defined as ‘a natural or legal person, public authority, agency, or other body which, alone or jointly with others, determines the purposes and means of processing personal data.’ While not a legal requirement, this step lays the foundation for your business to ensure full compliance.

Compliance 130

Compliance Privacy Legal Processors 130

Fintech Review

SEPTEMBER 17, 2024

Operating without central authority, DAOs promote decentralised decision-making, with the promise of democratising governance across various sectors. Fintech Review looks into their function, their role in fostering innovation, and the significant challenges they face, particularly in terms of legal recognition, security, and scalability.

Government 105

Government Governance Innovation Legal 105

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

VISTA InfoSec

SEPTEMBER 27, 2024

Ensuring adherence to data protection laws, internal policies, and overseeing responsibilities, training, and audits. Working closely with the supervisory authority on processing-related matters. Strong communication skills to easily convey technical and legal concepts to the stakeholders, regulators, and employees.

CCPA 130

CCPA Assessments Privacy Laws 130

Fintech News

FEBRUARY 5, 2024

million is allocated for legal and audit fees, US$750,000 is designated for retrenchment costs, US$500,000 for credit insurance and collections expenses, and US$100,000 for rent. Investree has earmarked US$4.5 An additional US$1.15

P2P 117

P2P Audit SWIFT Legal 117

VISTA InfoSec

NOVEMBER 12, 2024

If you are questioning whether PCI DSS is really mandatory after all its not a direct legal requirement, then yes, it is! Engage qualified security assessors (QSAs) Work with a QSA to perform a gap analysis, guide you through the compliance process, and conduct formal audits. Visa, MasterCard, etc.) check out this video.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

If you are questioning whether PCI DSS is really mandatory after all its not a direct legal requirement, then yes, it is! Engage qualified security assessors (QSAs) Work with a QSA to perform a gap analysis, guide you through the compliance process, and conduct formal audits. Visa, MasterCard, etc.) check out this video.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

JANUARY 22, 2024

This includes: Storing only the minimum data required for legal, regulatory, and business needs Having specific retention periods for cardholder data Securely deleting unneeded data Quarterly identifying and deleting stored cardholder data exceeding defined retention periods. Protect sensitive authentication data before authorization.

PCI DSS 100

PCI DSS Encryption Procedures Authentication 100

VISTA InfoSec

OCTOBER 21, 2024

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Each of these sets its own rules on handling personal information safely and legally. Outline regular audit processes to check compliance with these policies.

Cybersecurity 147

Cybersecurity Compliance Encryption Best Practices 147

Fintech News

SEPTEMBER 9, 2024

The central bank said the revised requirements and guidance seek to accommodate advancements in technology to facilitate the secure and safe adoption of e-KYC solutions for both individuals and legal persons while preserving the integrity of the financial system.

Deepfake 128

Deepfake PCI DSS Verification Financial Inclusion 128

The Payments Association

OCTOBER 11, 2024

The Financial Conduct Authority’s (FCA) proposed reforms to strengthen consumer fund safeguarding in the payments and e-money sectors. Firms must prepare for these changes by improving their internal processes, conducting audits, and adapting to new compliance requirements to ensure seamless implementation of the FCA’s reforms.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Neopay

AUGUST 19, 2024

In a landmark case, the Financial Conduct Authority (FCA) has fined PricewaterhouseCoopers LLP (PwC) £15 million for not reporting suspected fraudulent activity involving London Capital & Finance plc (LCF). This unprecedented fine marks the first time the FCA has penalised an audit firm.

Audit 52

Audit Compliance Financial Crimes Legal 52

The Payments Association

MAY 16, 2025

Each section includes an overview of the regulation, the legal and operational risks involved, and the practical actions required to support readiness and ongoing compliance. Whereas fraud was previously treated as an operational risk, it is now a matter of legal and regulatory accountability.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88