Fintech News

DECEMBER 9, 2024

This proactive approach, driven by the Monetary Authority of Singapore (MAS), seeks to enhance the nation’s financial infrastructure. However, this embrace of the new is not without a cautious side, as Singapore carefully balances innovation with robust regulation and consumer protection.

Cryptocurrency 113

Cryptocurrency Cross-Border Consumer Protection Facilitators 113

The Payments Association

JANUARY 16, 2025

As the EUs most extensive effort to regulate the crypto market, MiCA seeks to address longstanding issues such as regulatory fragmentation, consumer protection, and market stability. We are licensed and regulated by the Financial Conduct Authority and have offices in multiple locations across the UK and Europe.

Compliance 88

Compliance Cross-Border Payments Cross-Border Stablecoins 88

The Fintech Times

MARCH 3, 2025

The Payments Association , the trade group representing the payments sector, has launched its Payments Manifesto for 2025, urging the UK government to modernise the payment infrastructure to ensure consumer protection.

Governance 59

Governance Government Financial Inclusion Consumer Protection 59

Fintech News

DECEMBER 18, 2024

OJK Strengthens Crypto Oversight with New Regulatory Sandbox Mandate The Indonesian Financial Services Authority (OJK) has mandated that all financial institutions launching new products, including those related to crypto assets, must participate in a regulatory sandbox.

FinTech 113

FinTech Law Enforcement Financial Literacy Innovation 113

Neopay

NOVEMBER 25, 2024

The UK’s financial ecosystem is evolving rapidly, and with it comes the need for robust safeguarding measures to protect consumer funds. The Financial Conduct Authority (FCA) recently released its consultation document on proposed changes to the safeguarding regime for payments and e-money firms. What’s next?

Consumer Protection 52

Consumer Protection Consumer Audit Compliance 52

The Fintech Times

SEPTEMBER 27, 2024

The Financial Conduct Authority (FCA) is consulting on proposals that it hopes will better protect consumers when payments and e-money firms go out of business. The post FCA Steps in To Increase Consumer Protections When Payments Firms Go Out of Business appeared first on The Fintech Times.

Consumer Protection 59

Consumer Protection Consumer Consulting Payments 59

The Payments Association

JANUARY 13, 2025

The introduction of the Digital Assets Bill and the Financial Conduct Authority (FCA)s ongoing efforts to regulate cryptoassets demonstrates the regulator’s intentions to further define just how digital assets are governed and traded.

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

PYMNTS

DECEMBER 14, 2018

In an effort to help authorized push payment (APP) fraud victims, The U.K.’s s Financial Conduct Authority (FCA) unveiled new rules on Friday (Dec. FCA Executive Director of Strategy and Competition Chris Woolard said, according to FT : “The FCA takes APP fraud and the harm it causes to consumers very seriously.

Authorization 66

Authorization Regulations Scams Online and Mobile Banking 66

The Fintech Times

FEBRUARY 19, 2025

Digital wallets represent a “significant opportunity” for consumers, the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) revealed as they shared their findings regarding the payment software. Responses raised potential competition, consumer protection and operational resilience issues.

Regulations 72

Regulations Underserved Authorization Innovation 72

The Payments Association

MARCH 17, 2025

How the FCA can define and balance acceptable risk in UK payments regulation to support innovation while ensuring financial stability and consumer protection. Exempting these businesses from certain consumer protection rules (where appropriate) could free up resources for innovation and expansion. Why is it important?

Regulations 88

Regulations Risk Stablecoins Payments 88

Fintech News

NOVEMBER 20, 2024

The Monetary Authority of Singapore (MAS) is streamlining the product approval process for life insurers while maintaining robust consumer protection. These revisions aim to facilitate innovation within the life insurance sector while maintaining robust consumer protection.

Product 103

Product Process Consumer Protection Compliance 103

Fintech News

JULY 23, 2024

Hex Trust, a Hong Kong-based digital asset custodian, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This license will allow Hex Trust to offer regulated Digital Payment Token (DPT) services in Singapore, including custody and OTC trading of DPTs.

Payments 113

Payments Consumer Protection Authorization On-Demand 113

Fintech News

JULY 21, 2024

Indonesia’s Financial Services Authority (OJK) plans to raise the maximum limit for peer-to-peer (P2P) funding above the current IDR 2 billion cap, specifically for productive funding used for business and economic activities, rather than consumptive funding for personal use.

P2P 111

P2P Caps Consumer Protection Risk Management 111

Fintech Finance

MARCH 12, 2025

The payments industry is evolving rapidly, and with increased scrutiny on payment services and electronic money providers, maintaining a robust and dedicated regulatory framework is critical to ensuring stability, innovation, and consumer protection in support of the National Payments Vision.

Governance 59

Governance Government Regulations Payments 59

PYMNTS

MARCH 9, 2018

While the European Banking Authority has created a “roadmap” on how to regulate emerging FinTech services, the body is not keen on creating a unified approach to cryptocurrency regulation — at least not yet, Reuters reported.

Authorization 53

Authorization Regulations FinTech Cryptocurrency 53

Innovative Payments Association

JANUARY 14, 2025

With its record of bipartisan enforcement actions and new authority to regulate big tech, the agency may adapt rather than disappear. The payments industry supports reasonable, evidence-based regulation that balances consumer protection with innovation.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB FDIC Consumer Protection 52

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.

Law Enforcement 116

Law Enforcement Audit Authorization Consumer Protection 116

Fintech Review

MAY 14, 2025

However, they must still meet basic consumer protection, anti-money laundering , and operational resilience standards. The concept originated with the UKs Financial Conduct Authority (FCA) in 2016 and has since spread globally. Consumer Protection Sandboxes ensure innovation happens within a framework that protects customers.

Innovation 52

Innovation FinTech Regulations Cross-Border 52

Fintech News

APRIL 10, 2024

Authored by Juan Carlos Crisanto , Johannes Ehrentraud , and Denise Garcia Ocampo , this report underscores the increasing prominence of stablecoins in the financial landscape, pointing out their potential to mirror the value of fiat currencies.

Stablecoins 121

Stablecoins Regulations Digital Currency Risk Mitigation 121

Fintech News

MARCH 31, 2024

The Indonesian Financial Services Authority (OJK) has issued a new mandate requiring all financial institutions introducing new products and services, including those related to crypto assets, to participate in a regulatory sandbox.

Consumer Protection 110

Consumer Protection Risk Management Regulations Legal 110

The Fintech Times

NOVEMBER 2, 2024

Banks By 2020, Bhutan’s financial sector included five banks, three insurance companies, one CSI bank, five microfinance institutions, one pension institution, two telecom companies as well as a single stock exchange.

Financial Inclusion 69

Financial Inclusion Technology FinTech Credit Cards 69

Fintech Finance

JULY 15, 2024

The Payments Systems Regulator (PSR) and Financial Conduct Authority (FCA) are seeking views on the benefits and risks digital wallets bring to people and businesses. The use of digital wallets has grown rapidly over the last few years, and it’s likely that more than half of UK adults now use one.

Regulations 96

Regulations Consumer Protection Authorization PayPal 96

Fintech News

FEBRUARY 27, 2024

The Hong Kong Monetary Authority (HKMA) proposed stablecoin legislation , driving innovation with projects like the tokenised green bond and the e-HKD pilot. This bill , among other changes, entails the transfer of regulatory authority for cryptocurrencies from Bappebti, the commodities regulator, to OJK, the securities regulatory body.

APACS 126

APACS Regulations Stablecoins Cryptocurrency 126

PYMNTS

SEPTEMBER 30, 2020

But last fall, a federal appeals court questioned the OCC’s authority to issue such a charter. The potential for asymmetries in regulation across companies with different banking charters could produce regulatory arbitrage and undermine safety and soundness and consumer protection,” the bankers wrote. “A Specific Concerns .

Office of the Comptroller of the Currency 139

Office of the Comptroller of the Currency OCC Non-Bank Regulations 139

Fintech News

APRIL 3, 2025

Regulators are stepping in to impose stricter consumer protection measures, aiming to curb overspending and prevent debt traps. It sets standards to reduce debt risks and protect users. Banks offering BNPL services need to follow key consumer protection measures. Providers found in breach risk losing accreditation.

BNPL 108

BNPL Regulations Accreditation Consumer Protection 108

Fintech Finance

SEPTEMBER 24, 2024

The government is producing a much needed National Payments Vision and Strategy (NPV&S), that reflects its recognition of the systemic importance of payments to the UK authorities and how its leadership must give rise to a new era for payments.

Cross-Border Payments 95

Cross-Border Payments Financial Inclusion Cross-Border Payments 95

The Fintech Times

SEPTEMBER 19, 2024

Bahrain has been working to create an innovation-friendly crypto and fintech ecosystem, which has involved putting in place clear regulation that balances consumer protection with commercialisation.” Crypto.com continues to expand its global presence, now serving over 100 million users worldwide.

Payment Service Provider (PSP) 100

Payment Service Provider (PSP) Security Regulatory Compliance Payments 100

Fintech News

JANUARY 21, 2025

The Financial Services Authority ( OJK ) of Indonesia has issued a new regulation to govern Alternative Credit Ratings (PKA), also known as Innovative Credit Scoring (ICS). The regulation outlines the framework for PKA operations, including institutional requirements, governance, data security, and consumer protection.

Regulations 87

Regulations Consumer Protection Compliance Governance 87

Fintech Finance

SEPTEMBER 19, 2024

Bahrain has been working to create an innovation-friendly crypto and fintech ecosystem, which has involved putting in place clear regulation that balances consumer protection with commercialisation,” said Eric Anziani, President and COO of Crypto.com. “We

Central Bank 104

Central Bank Service Provider Payment Service Provider (PSP) Regulatory Compliance 104

PYMNTS

MARCH 16, 2020

Guznov said per reports, “We believe there are big risks of legalizing the operations with the cryptocurrencies, from the standpoint of financial stability, money laundering prevention and consumer protection.”. The company had notified police when it saw surprising activity levels throughout many of its computers.

Bitcoin 97

Bitcoin Digital Currency Central Bank Money Laundering 97

PYMNTS

APRIL 16, 2019

Cross-border FinTech efforts have seen increasing participation from central banks and monetary authorities. I think supervisors need to recognize and be thoughtful about how we might affect the way banks consider innovation,” said Bowman. “In

Federal Reserve 84

Federal Reserve Cross-Border FinTech Payment APIs and Integration 84

Fintech News

FEBRUARY 21, 2024

The Monetary Authority of Singapore (MAS) played a pivotal role in shaping a safer and more innovative environment for digital assets. Under the PSA, DPT service providers must obtain a license from MAS and comply with strict standards related to anti-money laundering, consumer protection, cybersecurity, and governance.

Crime 106

Crime Ransomware Scams Stablecoins 106

PYMNTS

MAY 22, 2020

After a payday lender allegedly left consumers to pay more than promised by drawing continued interest-only deductions, the Federal Trade Commission (FTC) has charged a lending operation with overcharging customers and taking money from their bank accounts without authorization. Hotei Marketing, Inc.; Kotobuki Marketing, Inc.;

FTC 79

FTC Federal Trade Commission Consumer Protection Funds Transfer 79

Fintech News

APRIL 14, 2024

Notably, the event will also feature five of Asia’s top regulators, including representatives from the Hong Kong Monetary Authority, Financial Services Agency of Japan, Securities Commission Malaysia, Department of Bangko Sentral ng Pilipinas, and the Financial Consumer Protection Group of the Bank of Thailand.

APACS 110

APACS Regulations Cross-Border Cross-Border Payments 110

PYMNTS

MAY 18, 2020

Mastercard has announced a series of consumer protections aimed at protecting customers and merchants from fraud at fuel stations. The enhanced consumer protection program was designed to provide merchants and banks with tools to help them navigate the heightened risk of fraud, Mastercard said. .”

Visa 78

Visa EMV Security Chip Cards 78

PYMNTS

JANUARY 12, 2021

Financial Conduct Authority (FCA) said new scams could end up having devastating effects on crypto investors, CoinDesk reported. CoinDesk also reported that the FCA ban on the sale of cryptocurrency derivatives and exchange-traded notes, which are brought in as a consumer protection, began on Jan.

Scams 78

Scams Returns Regulations Bitcoin 78

PYMNTS

JUNE 19, 2020

A top British financial services regulator Friday proposed new regulations that could help borrowers bracing for the end of consumer protections implemented as COVID-19 bore down on the country.

Regulations 84

Regulations Credit Cards Consumer Protection Authorization 84