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Top Stories That Shaped Indonesia’s Fintech Scene in 2024

Fintech News

As of November , the ASEAN-ISE, now joined by the Philippine Stock Exchange, has collectively decided to issue a Request for Information (RFI) to identify tailored solutions that will drive the initiative toward its goals over the next three years.

FinTech 117
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Bitcoin Daily: IBM Eyes Blockchain For African Agriculture; CFTC Goes Back To School On Ethereum

PYMNTS

In a Request for Information (RFI), the CFTC wants details about the technology, opportunities, risks, mechanics, uses, and markets, related ethereum. The under-30 reading shows that the recent heavy selling of bitcoin may have been exhausted.

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Fed To Investigate Deutsche Bank’s Role In Danske Bank Scandal

PYMNTS

banks that fall under its jurisdiction are required to flag any money laundering efforts by clients and alert authorities to suspicious transactions. It is not surprising at all that the investigating authorities and banks themselves have an interest in the Danske case and the lessons to be learned from it. In the U.S.

Fed 55
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CFPB Updates Policy For Civil Investigative Demands

PYMNTS

The Consumer Financial Protection Act of 2010 authorizes the CFPB to issue CIDs when looking into potential violations of the law. As a result of the policy changes, CIDs will now provide more information about the laws that might have been violated, as well as specify the activities subject to the CFPB’s authority.

CFPB 46
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CFPB Proposes to Regulate Large Digital Wallet and Payment App Providers

Global Fintech & Digital Assets

Under the Dodd-Frank Act, large non-bank digital consumer payment companies are subject to CFPB enforcement authority. Under the Proposal, however, they would be subject to heightened scrutiny via routine monitoring, requests for information, and on-site or off-site compliance examinations.

CFPB 75
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Revolut Customer Complaint Prompts Police Probe

PYMNTS

We understand that the customer escalated his dissatisfaction to the police authorities by submitting a non-fraud complaint via the action fraud portal — this organisation has no police investigatory powers. Revolut ignored requests for information, forcing the business to turn to social media to request information,” he said.

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ICOs, SEC And Wait And See?

PYMNTS

Securities and Exchange Commission issued scores of subpoenas and Requests for Information (RFIs) focused on initial coin offerings (ICOs). Challenges remain, according to the analysts, as the report noted that authorities must consistently recalibrate their policies to address cybersecurity vulnerabilities, among other risks.