Stax

DECEMBER 9, 2024

The transaction details, including the purchase amount, are transmitted to the merchant’s acquiring bank for authorization. Authorization and Settlement The acquiring bank, upon receiving the transaction details, verifies the availability of funds in the consumer’s credit card account.

Credit Cards

Open Banking Excellence

JULY 8, 2025

However, in mid-2025, the CFPB moved to vacate its own final rule, stating it exceeded its statutory authority. State regulators often have different priorities and legal frameworks, which can create inconsistencies and hurdles for companies attempting to offer open banking services across the entire country.

Regulations

The Paypers

JUNE 23, 2025

The newly formed Command Ridge Virtual Asset Authority (CRVAA) will supervise the licensing of crypto service providers operating within or from the country. The move is part of a strategy to formalise oversight of the growing crypto sector.

Regulations

Finextra

JUNE 5, 2025

Enable Accountable Authorities To ensure the reliability of digital credentials in business contexts, a robust trust framework is essential. While current eIDAS legislation focuses on natural persons, the initiative must also support credentials for legal entities, such as licences, certifications, and attestations.

Credential

Finextra

JULY 7, 2025

They offer the speed and openness of crypto markets but are still tethered to the legal and financial realities of traditional markets. In practical terms, you still rely on legal frameworks, you still ultimately need real businesses generating profits behind those tokens, and regulators still have a big say in how this will unfold.

Blockchain

Nanonets

OCTOBER 27, 2024

Moral Implications: Even in the absence of legal frameworks, many people have a moral compass that dictates what is right and wrong. It's important to speak with a medical professional or consult legal healthcare channels for advice. There is no time to seek help from embassies and legal authorities.”

Laws

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 Brazilian Child and Adolescent Statute (ECA) provides a broad legal framework to protect minors. We also look at the age verification tools that are used in the region.

Verification

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.

Governance

Fintech News

JULY 1, 2024

This strategy involves coordinated risk identification, robust legal frameworks, strict regulatory regimes, decisive enforcement actions, and international cooperation.

Risk Assessment

The Paypers

DECEMBER 15, 2020

The European Banking Authority (EBA) has published an Opinion on how to strengthen the connection between the EU legal frameworks on anti-money laundering and terrorist financing, and deposit protection.

Legal Framework

The Fintech Times

AUGUST 19, 2024

In April 2024, the country reviewed the legal framework for virtual assets declaring that providers must register and comply with the duty to report to authorities. This reflects the growing acceptance of digital assets within the country’s legal framework.

Legal Framework

PYMNTS

NOVEMBER 20, 2018

According to a report in Reuters , citing European Central Bank Supervisory Board Chair Daniele Nouy, the European Central Bank’s Single Supervisory Mechanism will create an anti-money laundering office that will collect and share the information from other supervisors as well as from authorities.

Money Laundering

Fintech Finance

JULY 1, 2024

As the issuer of and payment infrastructure provider for a digital euro, the ECB will be supervised by independent data protection authorities that will monitor its compliance with the European Union Data Protection Regulation (EUDPR) and the General Data Protection Regulation (GDPR). The digital euro is a common European endeavour.

Legal Framework

PYMNTS

APRIL 12, 2019

“If the data controller implicitly trusts a data processor simply because there is a consistent legal framework in place, criminal abuse of trust will always take place.”

Cybersecurity

The Fintech Times

JANUARY 31, 2025

Thawani made history in 2020 by becoming the first non-banking financial entity to receive a fintech licence from the CBO, marking a significant milestone in Omans fintech journey.

FinTech

Open Banking Excellence

SEPTEMBER 27, 2024

The main objectives of this law are to promote financial inclusion, establish a solid legal framework to increase users’ confidence in financial technology services, and stimulate greater competition in the financial market. In 2023, the Fintech landscape experienced notable growth.

Financial Inclusion

PYMNTS

NOVEMBER 2, 2018

The Australian Financial Complaints Authority (AFCA) has officially launched, and small business owners will have the opportunity to be compensated up to AUS$1 million (about $720,000 USD) to resolve complaints. Small businesses with disputes can go to the AFCA, which will first tackle any issues via informal methods, including mediation.

Disputes

Fintech News

JULY 17, 2024

And contrasting with the non-crypto native space, the Hong Kong Monetary Authority (HKMA) just fined DBS Bank (Hong Kong) Limited, the HK subsidiary of DBS , a HK$10 million penalty for breaches of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering

Neopay

FEBRUARY 27, 2025

The European Banking Authority (EBA) narrowed down the scope of its existing Guidelines on ICT and security risk management measures, due to the application of harmonised ICT risk management requirements under the Digital Operational Resilience Act (DORA) from 17 January 2025.

Risk Management

Neopay

JULY 18, 2024

The European Banking Authority (EBA) issued new Guidelines on the so-called ‘travel rule’, i.e. the information that should accompany transfers of funds and certain crypto assets. This rule will help tackle the abuse of such transfers for money laundering and terrorist financing purposes.

Travel Rule

Fintech News

JANUARY 17, 2024

On another front, LexisNexis Risk Solutions reports proactive efforts by the Hong Kong Monetary Authority to bolster online banking security and combat digital fraud. This collaboration, while essential, requires careful navigation of legal frameworks to ensure effective and compliant information exchange.

Deepfake

Finextra

JULY 2, 2025

How will the new EU Anti-Money Laundering Authority (AMLA) intensify the fight against money laundering – and what part will AI play? How the EU is reshaping its legal framework The European Union has begun a fundamental overhaul of its legal framework to combat money laundering and terrorist financing.

Money Laundering

Neopay

NOVEMBER 27, 2023

The European Banking Authority (EBA) has launched a public consultation on new Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes.

Money Laundering

The Paypers

SEPTEMBER 11, 2020

The European Banking Authority (EBA) has published its response to a European Commission’s call for advice on how to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).

Money Laundering

Fintech Review

MAY 1, 2025

No matter how disruptive a fintech platform is, it must operate within legal frameworks that are evolving rapidly. Fintechs that embrace regulatory excellence, invest in robust compliance systems, and engage proactively with authorities will be the ones that thrive. It is no longer enough to innovate.

Compliance

Segpay

MARCH 24, 2025

The Australian Communications and Media Authority (ACMA) enforces gambling laws and can block illegal offshore gambling websites. Let us take a closer look at the regulations around online Gaming and online Gambling and compare Australia with the USA. Includes betting on esports, online casinos, poker, and sports wagering.

Compliance

The Fintech Times

OCTOBER 10, 2024

This move comes shortly after the Virtual Assets Regulatory Authority ( VARA ) intensified its efforts to safeguard Dubai’s virtual asset ecosystem by targeting unlicensed firms operating within its jurisdiction. Earlier in the year, OKX entered markets in Brazil, Türkiye, Australia, and the Netherlands.

Cryptocurrency

FICO

SEPTEMBER 27, 2017

Outside of tax agencies you often find departments with significant receivables, but without the mission, authority, or focus on collecting these receivables. Centralizing Collections in Government - Statutory Authorities. One important consideration for centralized collections is having the proper statutory authorities in place.

Governance

The Fintech Times

JUNE 6, 2024

Since its inception in 2021, Project mBridge has involved the Bank of Thailand, the Central Bank of the UAE, the Digital Currency Institute of the People’s Bank of China, and the Hong Kong Monetary Authority. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing.

Participant

Neopay

JUNE 24, 2024

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, and ESMA – ESAs) has published its 2023 Annual Report, detailing the joint work completed over the past year. DORA mandated the ESAs to develop several policy products before its application date of January 17, 2025, to supplement the legal framework.

Legal Framework

PYMNTS

APRIL 21, 2020

Mexico’s eInvoicing requirements began back in 2004, when its tax authority, the SAT, first developed its eInvoicing legal framework. While the U.S. Since then, the mandate has been expanded, and today, all invoices, including those in B2B transactions, must be electronic.

B2B

Segpay

APRIL 1, 2025

While their goals align, their approaches and legal frameworks differ. Regulatory Frameworks In the United Kingdom, the Online Safety Act passed into law on 26 October 2023. The CNIL (Frances data protection authority) oversees compliance with the SREN Law, which strengthens online safety and privacy.

Verification

The Fintech Times

MARCH 23, 2024

Addressing these issues head-on is From Fintech to Ubiquitech: Accelerating the wider UK Digital Economy, a new report authored by a working group led by Dr. Ruth Wandhöfer. It sheds light on the pressing issues plaguing the nation’s digital ecosystem and proposes bold strategies for transformative change.

Economy

Segpay

MAY 1, 2024

DORA entered into force on January 16th, 2023, and its legal implementation deadline is January 17 th , 2025. Its legal framework is designed to enhance the operational resilience of all digital service providers, including payment service providers (PSPs), that operate in the European Union (EU).

Cybersecurity

Stax

JANUARY 15, 2024

In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Legal and Regulatory Framework Compliance ensures secure and transparent financial transactions, but nuances exist that businesses must grasp.

Credit Cards

Global Fintech & Digital Assets

FEBRUARY 26, 2024

By Simon Hawkins and Adrian Fong On 7 February 2024, the Hong Kong Monetary Authority (HKMA) released a consultation paper on its proposal for implementing new regulations on the prudential treatment of cryptoasset exposures (Consultation Paper).

Consulting

CoinRemitter

JUNE 30, 2024

Blockchain technology manages the organization, coordinating tasks and governance without needing a central authority. Legal and Regulatory Challenges of DAOs Legal Status: Current legal frameworks struggle to categorize DAOs. Shareholders vote on big issues. This creates confusion.

Governance