The Fintech Times

JANUARY 8, 2025

The Monetary Authority of Singapore (MAS) has grantedChina-based B2B cross-border trade payment platform, XTransfer , a Major Payment Institution (MPI) licence, enabling it to provide a range of money transfer services in the region.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Payment Solutions Security 59

Fintech News

JUNE 11, 2024

This move aims to enhance Ripple ‘s product offerings and explore new ventures like stablecoins while maintaining regulatory compliance. money transmitter licenses, a Major Payment Institution License from the Monetary Authority of Singapore , and a Virtual Asset Service Provider registration with the Central Bank of Ireland.

Stablecoins 113

Stablecoins Acquirers Regulatory Compliance Central Bank 113

Fintech News

AUGUST 28, 2024

FlexM, a fintech company known for its Fintech-as-a-Service (FaaS) platform, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This development follows FlexM’s recent approval of a Payment Service Provider license from FINTRAC in Canada.

Cross-Border 108

Cross-Border Regulatory Compliance Payments Payments Institute 108

Fintech News

FEBRUARY 28, 2024

HashKey Technology Services, the over-the-counter (OTC) trading division of the HashKey Group , has secured in-principle approval from the Monetary Authority of Singapore (MAS) for its application for a Major Payment Institution license. This license will enable HashKey OTC to provide digital payment token services.

Accreditation 117

Accreditation Regulatory Compliance Digital Payments Settlement 117

Fintech News

MARCH 6, 2024

Cryptocurrency exchange Bitstamp announced it has obtained an in-principle approval from the Monetary Authority of Singapore (MAS) to operate under the Major Payment Institution license. This regulatory milestone allows Bitstamp to offer digital payment token services in compliance with the Payment Services Act in Singapore.

Security 109

Security APACS Regulatory Compliance Compliance 109

Fintech News

MAY 12, 2024

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS).

Cross-Border 113

Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 113

Fintech News

MARCH 12, 2024

has been accorded in-principle approval for a Major Payment Institution License by the Monetary Authority of Singapore (MAS). This approval will permit OKX to engage in the provision of digital payment token (DPT) and cross-border money transfer services in Singapore, in compliance with the Payment Services Act 2019.

Cross-Border 117

Cross-Border Regulatory Compliance Best Practices Cryptocurrency 117

Fintech News

APRIL 7, 2024

A “compliance-first” approach underscores Ripple’s commitment to adhering to regulatory standards worldwide. The company has an extensive portfolio of licenses, including a New York BitLicense and a Major Payment Institution License from the Monetary Authority of Singapore , among others.

Stablecoins 122

Stablecoins Use Case Blockchain Regulatory Compliance 122

Fintech Finance

APRIL 8, 2024

TerraPay , a global money movement company, has been granted a Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS) —a significant milestone solidifying TerraPay’s position as a cross-border payments powerhouse.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Regulatory Compliance APACS 52

Open Banking Excellence

SEPTEMBER 21, 2023

Cybersecurity experts Duncan McDonald, Global Head of Compliance Services & Wayne Scott, Regulatory Compliance Lead, from The NCC Group explain how to prepare for DORA compliance and why the new legislation will enhance cyber resilience across the financial sector and its supply chain.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

Finovate

FEBRUARY 14, 2024

Decentralized finance company Ripple acquired Standard Custody & Trust Company, a firm that offers institutional-grade custody, escrow, and settlement platform for digital assets. Terms of the deal were undisclosed. Blockchain and crypto solutions company Ripple announced its fourth acquisition today.

Acquirers 52

Acquirers Regulatory Compliance Settlement Blockchain 52

Fintech Finance

FEBRUARY 27, 2024

Issuer processing powerhouse Enfuce today announces it has secured an Electronic Money Institution (EMI) licence from the UK’s Financial Conduct Authority (FCA). With the FCA’s EMI licence, Enfuce will be able to provide electronic money services as well as card issuing and payment solutions directly to new and existing UK customers.

Regulatory Compliance 52

Regulatory Compliance Compliance Accreditation Issuers 52

The Fintech Times

APRIL 5, 2024

Ripple is committed to regulatory compliance and has a growing license portfolio in key regions around the globe. There is demand from Ripple’s customers in emerging markets to enable stablecoin payouts.

Stablecoins 64

Stablecoins Use Case Blockchain On-Demand 64

Neopay

JUNE 27, 2024

To ensure compliance, firms must thoroughly familiarise themselves with the regulations applicable to their business models. This includes understanding the different types of licenses available, such as payment institution (PI) licenses or electronic money institution (EMI) licenses.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

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. The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Neopay

JUNE 3, 2024

In recent years, the process of obtaining authorisation from the Financial Conduct Authority (FCA) has become increasingly stringent. As a result, approval rates have been notably low, particularly in the payments sector where rates were as low as 8%. Regulatory compliance : Assess the target firm’s regulatory history.

Due Diligence 52

Due Diligence Acquirers Regulatory Compliance Regulations 52

Fintech News

JANUARY 27, 2025

Crypto.com announced on January 27 that its Malta entity has obtained a MiCA licence from the Malta Financial Services Authority (MFSA), making it the first major global crypto asset service provider (CASP) to achieve this milestone. Money Transmitter Licences, U.S.

Security 142

Security Cross-Border Regulatory Compliance Credential 142

Fintech News

FEBRUARY 12, 2025

Its platform offers real-time payments, multi-currency account management, automated hedging, and competitive FX rates. It also features a modular design for scalability, strong regulatory compliance measures, and seamless integration with existing financial systems to support businesses operating across multiple markets.

Treasury Management 98

Treasury Management Treasury Cross-Border Payments Multi-Currency 98

Fintech News

MARCH 5, 2025

Singapore-based fintech startup Qashier has been awarded a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS). The licence allows Qashier to provide merchant acquisition, payment processing, and domestic and international money transfer services.

Point-of-Sale (POS) 67

Point-of-Sale (POS) Security Regulatory Compliance Payments 67

The Payments Association

JANUARY 27, 2025

Several categories of UK financial services firms, including banks, insurers, electronic money institutions, and payment institutions, are required to comply with new requirements on operational resilience beginning 31 March 2025. Instead, this should be a way of working that is embedded into the firms culture.

Rules 88

Rules Assessments Procedures Compliance 88