Clearly Payments

NOVEMBER 13, 2024

This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. Routing : The payment processor routes the transaction request to the appropriate issuing bank for authorization.

Process 104

Process Processors Payments Compliance 104

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. trillion (US$73.3

FinTech 113

FinTech Law Enforcement Financial Literacy Innovation 113

Finextra

MARCH 26, 2024

As it warns firms and so-called 'finfluencers' to keep their social media ads lawful, the UK's Financial Conduct Authority has published guidance for memes, reels and gaming streams promoting financial services.

Laws 69

Laws Authorization 69

VISTA InfoSec

JULY 17, 2024

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. You need to know these laws well because they affect how you manage cybersecurity when dealing with multiple languages. Think about the various regulations around the world.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

The Fintech Times

FEBRUARY 19, 2025

At the end of 2024, the Dubai Financial Services Authority (DFSA), the independent regulator for business undertaken from or within the Centre, regulated or supervised over 900 entities. The first Dubai AI and Web3 Festival also took place in October and attracted 6,800 delegates.

AI 75

AI FinTech Laws Authorization 75

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

Fintech News

OCTOBER 6, 2024

It will allow law enforcement, sector supervisors, and government bodies to seamlessly screen databases and assess entities of concern for potential risks. On effective enforcement, the IMC proposes strengthening the legislative tools available to law enforcement agencies.

Money Laundering 119

Money Laundering Law Enforcement Financial Crimes Due Diligence 119

Finovate

MARCH 25, 2025

Gr4vy’s payment orchestration dynamically routes transactions, which reduces friction, increases authorization rates, and allows Trek to manage multiple merchants efficiently. Gr4vy provides Trek with a no-code, cloud-native platform to quickly implement diverse payment methods, comply with data laws, and enhance fraud prevention.

Payment APIs and Integration 59

Payment APIs and Integration Fraud Prevention BNPL Alternative Payment Methods 59

Finextra

JANUARY 19, 2024

The Securities and Exchange Commission (SEC) has charged JP Morgan $18 million for obstructing clients and brokerage customers from reporting breaches of law to regulatory authorities. The payments giant has agreed to pay the penalty charge.

Laws 61

Laws Breach Authorization Security 61

VISTA InfoSec

MARCH 28, 2024

Hence, understanding GDPR compliance and other data protection laws is essential in keeping you abreast of regulatory trends. Access Control Implement strict access controls to ensure only authorized personnel can access customer data.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

The Fintech Times

JANUARY 29, 2025

Moreover, the Qatar Investment Authority (QIA) , the countrys sovereign wealth fund, has shown interest in fintech opportunities globally, along with ventures in venture capital and sustainability. Among the notable fintech companies emerging from Qatar are CWallet , Loopay as well as Tiptiptop.

FinTech 59

FinTech Central Bank Authorization Legal 59

Fintech News

FEBRUARY 25, 2024

A major investigation is underway in Singapore involving the police and the Monetary Authority of Singapore (MAS) against two key figures of Samlit Moneychanger, a licensed payment services provider. Violations of these laws carry severe penalties, including fines and imprisonment.

Authorization 106

Authorization Laws Business Day Compliance 106

Fintech Review

JANUARY 30, 2025

Moreover to the previous point: market participants must develop a clear system of operational reporting of incidents regarding digital resilience violations to the authorities; Testing and resilience. Incident reporting. With recurrent checks of counterparties and providers, as well as ongoing audits; Information exchange.

Regulations 98

Regulations Risk Management Participant Cybersecurity 98

Fintech News

MARCH 19, 2025

The Competition and Consumer Commission of Singapore (CCCS) acknowledged media reports on the possible deal and advised the companies to seek legal counsel to ensure compliance with Singapore’s competition laws. The regulator remains open to discussions through its merger notification and pre-notification processes.

Regulations 65

Regulations Due Diligence Caps Mitigation 65

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. This could slow innovation and hike costs.

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

Neopay

APRIL 22, 2024

The UK’s company law landscape underwent significant changes with the enactment of the Economic Crime and Corporate Transparency Act, effective from 4th March 2024. The post Changes to UK company law appeared first on Neopay. Here is a summary of what you need to know about the new measures.

Laws 52

Laws Crime Due Diligence Law Enforcement 52

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

PYMNTS

MARCH 2, 2020

The bill mandates that tech firms get authorization from New Jersey consumers before collecting and selling information to third parties. New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws. The legislation would affect tech companies such as Alphabet ’s Google and Facebook.

Privacy 99

Privacy Regulations Laws Agreements 99

PYMNTS

JUNE 25, 2020

The unit will help law enforcement as well, bringing criminal charges when needed, the press release says. We are working hard to disrupt and dismantle these criminal networks, and we applaud the law enforcement authorities who are already part of this fight.

Crime 97

Crime Law Enforcement Laws Authorization 97

VISTA InfoSec

AUGUST 22, 2023

In 2019, a Swedish local authority was fined over $20,000 for using facial recognition software to monitor high school students’ attendance. The system was designed to identify individuals with criminal records or restraining orders, but it also collected images of all customers, including children and employees, without lawful consent.

Privacy 130

Privacy Legal Compliance Best Practices 130

Segpay

SEPTEMBER 30, 2024

This blog explores child protection laws across key Latin American countries, highlighting their different approaches and the evolving regulatory frameworks. The statute was updated in 2014 to include Internet and Child Protection to protect kids from online exploitation, cyberbullying, and access to inappropriate content ( Law 12,965/2014 ).

Verification 111

Verification Legal Framework Laws Regulations 111

The Payments Association

FEBRUARY 10, 2025

Regulatory reviews from the Bank of Italy, UIF, and the European Banking Authority (EBA) have identified key shortcomings in the management of vIBANs. To navigate diverse vIBAN regulations, PSPs should establish a global compliance framework adaptable to local laws.

IBAN 88

IBAN AML Master Account Due Diligence 88

The Fintech Times

JANUARY 10, 2025

dLocal , a payment platform connecting merchants to emerging markets born out of Uruguay, has secured the UK Authorised Payment Institution (API) licence from the Financial Conduct Authority (FCA). The company has built strong partnerships with governments globally, ensuring that it operates securely and in full compliance with local laws.

Payments Institute 59

Payments Institute Security Alternative Payment Methods Cross-Border Payments 59

Fintech News

SEPTEMBER 10, 2024

The Monetary Authority of Singapore (MAS) has confirmed that Worldcoin itself does not fall under the purview of the Payment Services Act 2019. Singapore is scrutinising activities related to Worldcoin , a Sam Altman’s cryptocurrency project that utilises iris scans for user identification.

Privacy 109

Privacy Money Laundering Breach Authorization 109

VISTA InfoSec

SEPTEMBER 27, 2024

They are appointed based on article 37 of GDPR , and help organizations stay compliant with data protection laws by overseeing data security policies, monitoring internal compliance, and providing expert advice for staffs managing the potential data privacy risks. Working closely with the supervisory authority on processing-related matters.

CCPA 130

CCPA Privacy Assessments Laws 130

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

PYMNTS

DECEMBER 18, 2020

The rule, which applies to financial institutions and is consistent with existing requirements, is intended to protect national security, assist law enforcement and increase transparency while minimizing the impact on responsible innovation.".

Treasury 141

Treasury Rules Bitcoin Ransomware 141

The Payments Association

FEBRUARY 10, 2025

Voices from the industry Businesses subject to the Failure to Prevent Fraud offence must understand their legal obligations under the new law. Regulators need both the resources and the authority to take meaningful action against companies that turn a blind eye to fraudulent activities.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Fintech News

MARCH 31, 2024

The Monetary Authority of Singapore (MAS) has officially rolled out the COSMIC platform , a digital initiative aimed at bolstering the defense against money laundering, terrorism financing, and the proliferation of weapons of mass destruction.

Financial Crimes 108

Financial Crimes Crime Money Laundering Law Enforcement 108

Fintech News

JUNE 23, 2024

While DPT activities in Singapore constitute a small portion of global activities, authorities have noted a rise in reported cases and various ways these tokens can be exploited. Consequently, Singapore is closely monitoring the sector.

Money Laundering 106

Money Laundering Risk Crime Law Enforcement 106

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. If violations are proven, the OJK said that it will take necessary actions, potentially collaborating with law enforcement officials.

Law Enforcement 116

Law Enforcement Audit Authorization Consumer Protection 116

Fintech News

OCTOBER 22, 2024

Indonesia’s Financial Services Authority ( OJK ) has revoked the business license of PT Investree Radhika Jaya ( Investree ), a peer-to-peer lending platform. The decision was made due to Investree’s failure to meet minimum equity requirements and other regulatory provisions.

Legal 115

Legal Laws Authorization Addressing 115

Fintech News

AUGUST 6, 2024

Minister Chee stated that his focus would be on the regulatory perspective of the Monetary Authority of Singapore (MAS). Regarding employees, while MAS doesn’t regulate employment decisions, it expects fair treatment and compliance with employment laws. billion (EUR 1.5

Consumer Protection 106

Consumer Protection Consumer Risk Management Best Practices 106

PYMNTS

SEPTEMBER 22, 2020

21) clarified the authority for national banks and federal savings associations to hold reserves on behalf of customers who issue stablecoins. The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. .

Office of the Comptroller of the Currency 138

Office of the Comptroller of the Currency OCC Stablecoins Due Diligence 138

Fintech Finance

FEBRUARY 5, 2025

Cihat served as Vice President of Global Ecosystem Security & Integrity at Visa, where he spearheaded global risk compliance frameworks, enhanced fraud control initiatives, and collaborated with federal and international law enforcement on high-profile investigations.

Risk 59

Risk Law Enforcement Regulatory Compliance Compliance 59

Fintech News

OCTOBER 16, 2024

Parliament has granted new powers to the Monetary Authority of Singapore (MAS) to block deals involving insurers tied to cooperatives. Under the new law, MAS must obtain ministerial approval before allowing such deals to proceed.

Blocks 104

Blocks Authorization Governance Government 104

Segpay

OCTOBER 22, 2024

Privacy-Friendly Cryptographic Security in Compliance with the Law Resistance to traditional ID-based age verification is growing. Concerns about unauthorized access, potential misuse, or even government surveillance are widespread, especially in regions with weaker privacy laws or a history of overreach.

Verification 105

Verification Blockchain Privacy Encryption 105