Fintech News

NOVEMBER 17, 2024

APAC financial regulators and cloud providers recently conducted a first-of-its-kind crisis management exercise simulating a large-scale public cloud outage impacting the region’s financial sectors. This exercise comes at a time of heightened awareness surrounding the potential for widespread disruption from technology failures.

Risk 114

Risk Best Practices APACS Authorization 114

Fintech News

MARCH 19, 2025

The regulator remains open to discussions through its merger notification and pre-notification processes. The regulator has the authority to impose fines of up to 10% of a companys turnover in Singapore per year of infringement, capped at three years. CCCS previously fined Grab and Uber S$13 million (US$9.76

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Regulations Due Diligence Caps Mitigation 73

Fintech News

OCTOBER 29, 2024

Crypto exchange Gemini has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. The company is expanding its team in Singapore to support its growth and ensure adherence to local regulations.

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APACS Cross-Border Regulatory Compliance Payments 119

Fintech Finance

MARCH 12, 2025

The Payment Systems Regulator (PSR) will be abolished as the latest step in reducing the burdens on business. The PSR which looks after payment systems like Faster Payments and Mastercard will mainly be consolidated into the Financial Conduct Authority, making it easier for firms to deal with one port of call.

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Regulations Blocks Payments Governance 52

Fintech Finance

JANUARY 8, 2025

dLocal , the leading payment platform connecting global merchants to emerging markets, has announced that it has been granted the Authorised Payment Institution license from the Financial Conduct Authority (FCA) in the United Kingdom.

Payments Institute 123

Payments Institute Regulatory Compliance Alternative Payment Methods Compliance 123

Fintech Finance

MARCH 12, 2025

“However, we believe that abolishing the Payment Systems Regulator (PSR) at a time when the efficacy and resilience of payment systems, as well fraud risk management, are under intense review and focus, may not be the most opportune course of action.

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Governance Government Regulations Payments 59

Fintech News

NOVEMBER 4, 2024

Razer Gold has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license. This approval positions Razer Gold to offer regulated payment services, including account issuance, domestic and cross-border money transfers, merchant acquisition, and e-money issuance.

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Cross-Border Payments Payments Institute On-Demand 111

Fintech News

NOVEMBER 7, 2024

Earlier this year, XTransfer achieved notable progress in ASEAN, including executing its first onshore Thai Baht trade in Thailand under revised regulations. XTransfer also received in-principle approval from the Monetary Authority of Singapore in July for a Major Payment Institution License.

Cross-Border Payments 111

Cross-Border Payments Cross-Border Payment Solutions Payments 111

Fintech News

APRIL 2, 2025

ASG2 Pte Ltd, a subsidiary of Singapore-based business finance platform Aspire , has received a Capital Markets Services (CMS) License from the Monetary Authority of Singapore (MAS). The license enables the company to offer regulated investment solutions to businesses in Singapore.

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Product Small Business Authorization Regulations 98

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

JANUARY 12, 2025

Reap, a Hong Kong-based payment technology provider, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Reap intends to allocate necessary resources to support its Singapore operations and strengthen compliance standards.

Cross-Border 107

Cross-Border Payments Compliance Payments Institute 107

Fintech News

MAY 12, 2025

Mountain Protocol is regulated by the Bermuda Monetary Authority and is backed by Multicoin Capital, having recently raised US$8 million in a Series A round. The move comes as Anchorage Digital looks to expand its stablecoin offering amid growing institutional demand and evolving U.S. regulatory clarity.

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Stablecoins Issuers Acquirers Regulatory Compliance 80

The Fintech Times

MARCH 25, 2025

The new collaboration will see projects under ADGM s Registration Authority leverage Chainlinks technical expertise, industry insights, and a suite of advanced services to maximise the utility of tokenised assets while ensuring regulatory compliance. This alliance strengthens ADGMs position as a global hub for technology-driven innovation.

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Interoperability Blockchain Regulatory Compliance Authorization 78

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 122

Stablecoins Regulations Digital Currency Risk Mitigation 122

Fintech News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.

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APACS Regulations Stablecoins Cryptocurrency 131

Fintech News

FEBRUARY 17, 2025

Both XUSD and XSGD are fully backed stablecoins, issued in compliance with the Monetary Authority of Singapores (MAS) upcoming stablecoin regulatory framework. Standard Chartereds involvement brings institutional-grade reliability to the stablecoins. said Jason Tay, Head of Commercial at StraitsX.

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Stablecoins Issuers Cash Management Digital Payments 116

The Payments Association

FEBRUARY 10, 2025

Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Regulatory reviews from the Bank of Italy, UIF, and the European Banking Authority (EBA) have identified key shortcomings in the management of vIBANs. What’s next?

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IBAN AML Master Account Due Diligence 88

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. However, DORA actively encourages the exchange of information on threats to digital resilience between market participants and the regulator.

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Regulations Risk Management Participant Cybersecurity 98

The Payments Association

FEBRUARY 14, 2025

With regulatory scrutiny at an all-time high, payments firms must keep pace with evolving regulations to avoid financial penalties and reputational risks. In 2025, three priorities stand out: safeguarding customer funds, expanding open banking, and preparing for stablecoin regulation.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

The Payments Association

FEBRUARY 27, 2025

Date: Thursday, March 27, 2025 Time: 08:30-10:30 GMT Location: EY, 25 Churchill Place, Canary Wharf, E14 5EY The next EY payments forum takes place in March, focusing on the regulatory outlook for the payments industry in 2025 and beyond.

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Payments Treasury Payments Strategy Regulations 88

Fintech News

JANUARY 20, 2025

Singapore embraces digital currencies, combining cutting-edge innovation with solid regulations to ensure a safe trading environment. The Monetary Authority of Singapore (MAS) keeps the market secure through rules that protect investors while encouraging growth. Thinking about diving into the world of cryptocurrency in Singapore?

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Cryptocurrency Credit Cards Verification Blockchain 111

Fintech News

NOVEMBER 3, 2024

Anchorage Digital Singapore, a crypto platform, has obtained a Major Payment Institution license from the Monetary Authority of Singapore (MAS). It aims to serve institutions looking for regulated digital asset services, drawing on its U.S. This follows the in-principle approval granted to Anchorage Digital in August 2024.

On-Demand 113

On-Demand Settlement Regulations Payments Institute 113

Payments Dive

MARCH 10, 2022

Some consumers are charging buy now-pay later installment payments to their credit cards, and that should serve as a "warning flag" to regulators, said three economists who authored the research paper.

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BNPL Credit Cards Authorization Regulations 190

Fintech News

NOVEMBER 10, 2024

QCP Trading, a provider of over-the-counter (OTC) spot trading services for digital assets, has been granted in-principle approval for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). ” said Darius Sit, Founder of QCP Trading. ” added Melvin Deng, Chief Executive Officer of QCP Trading.

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Regulations Payment APIs and Integration Settlement Stablecoins 103

Fintech Finance

JANUARY 16, 2025

The Payment Systems Regulator (PSR) has today set out commitments for the next two years following the mid-term review of its five-year Strategy. We look forward to working with other regulators and stakeholders across the payments ecosystem to deliver this updated Strategy.

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Innovation Regulations Governance Government 96

Fintech Finance

FEBRUARY 6, 2025

INXY Payments , an EU-authorized payment platform bridging together traditional finance and the crypto economy, has successfully closed a $3 million investment round led by Flashpoint VC with participation from prominent angel investors.

Finance 105

Finance Stablecoins FinTech Payments 105

The Fintech Times

NOVEMBER 27, 2024

The Financial Conduct Authority (FCA) has unveiled a roadmap outlining key dates for the development of its ‘crypto regime’, as it aims to introduce a clear regulatory framework for the UK’s crypto industry. However, we can’t rely on regulation alone to drive sector maturity and crypto firms must also take responsibility.

Regulations 112

Regulations Stablecoins Risk Consulting 112

The Payments Association

JANUARY 16, 2025

Clear Junction , a global leader in cross-border payments for regulated financial institutions, has revealed a significant gap in the preparedness of payment industry leaders to navigate the complexities of the Markets in Crypto-Assets Regulation (MiCA) regulation, which is now in effect across the EU.

Compliance 88

Compliance Cross-Border Payments Cross-Border Stablecoins 88

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 new regulation responds to the growing use of technology in financial services.

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Regulations Consumer Protection Compliance Governance 88

Fintech News

APRIL 3, 2025

What started as a consumer-friendly alternative to traditional credit is becoming a more concrete financing solution in the digital payments ecosystem, particularly in emerging markets like BNPL regulation in Asia. Regulators are stepping in to impose stricter consumer protection measures, aiming to curb overspending and prevent debt traps.

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BNPL Regulations Accreditation Consumer Protection 110

Fintech Finance

DECEMBER 17, 2024

Neonomics , an open banking payments and data company, has lodged a formal complaint to the Norwegian Competition Authority to advocate for innovation and fair competition within the Norwegian Payments market. This behavior harms consumers and businesses alike, while protecting entrenched interests.

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Authorization Visa Payments Innovation 93

Fintech News

MARCH 12, 2025

The Monetary Authority of Singapore (MAS) has deepened its financial collaboration with Vietnam through two key agreements signed on March 12, reinforcing economic ties and fostering innovation between the two nations.

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Finance Money Laundering Cross-Border Agreements 83

Fintech Finance

OCTOBER 15, 2024

Aspire , a Singapore-headquartered all-in-one finance platform for modern businesses, today announced that it has received in-principle approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

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Payments Institute Authorization Payments Finance 98

BioCatch

DECEMBER 30, 2024

The UK Payment Systems Regulator (PSR) recently issued a report that provides critical insights into the origin of APP scams. Meta tags: authorized push payment scams, social engineering scams

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Scams Origination Regulations Authorization 40

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. Digital wallets are rapidly increasing in popularity across the globe, not least in the UK.In

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Regulations Underserved Authorization Innovation 72

The Payments Association

MAY 16, 2025

Merchant-facing regulation: What merchants need to know in 2025 15 May 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? 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.

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Regulations ISO 20022 Cross-Border Legal 88

Fintech Finance

NOVEMBER 26, 2024

What could future regulation mean for consumers? The UK government is currently consulting on draft legislation to bring BNPL products under regulation, which is set to close on 29 November 2024.

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BNPL Regulations Consulting Consumer 97