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What is a BIN in Payment Processing

Clearly Payments

Key areas of compliance include: Anti-Money Laundering (AML) and Know Your Customer (KYC) Policies : Processors must implement AML and KYC procedures to prevent fraud and money laundering.

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Wallet wars: How digital payments are reshaping finance

The Payments Association

The rapid adoption of digital wallets has introduced a complex web of regulatory considerations, ranging from data privacy and cybersecurity to anti-money laundering (AML) compliance and cross-border transaction governance. The question is not if but how severe and far-reaching these new rules will be.

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The Walls Within: Why Organizations Cling to Data Silos in the Age of AI

Finextra

Compliance is King: Navigating the Regulatory Minefield: Regulations like GDPR (General Data Protection Regulation), CCPA (California Consumer Privacy Act), HIPAA (Health Insurance Portability and Accountability Act), LGPD (Lei Geral de Proteção de Dados - Brazil) , and industry-specific mandates demand robust data privacy and security measures.

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Digital Identity Verification 

Segpay

Compliance with Regulations : Many industries, especially financial services, are subject to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which mandate the verification of customers’ identity to prevent illegal activities like money laundering, terrorism financing, and tax evasion.

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Regulation and Compliance in Fintech: Navigating the New Financial Frontier

Fintech Review

These include anti-money laundering (AML) rules, know your customer (KYC) checks, data privacy requirements, cybersecurity protocols, and financial reporting obligations. Data privacy laws such as GDPR and CCPA impose strict obligations around consent, security, and user rights.

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Six Steps to Using Biometrics to Open & Manage Accounts Digitally

FICO

For each factor enrolled, you will be processing personal data that needs to be protected and meet regulatory requirements, such as the EU’s General Data Protection Regulation (GDPR) or the California Consumer Privacy Act (CCPA). You should not be processing data you don’t need for your stated intent. Authentication.

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The future of AI in fintech marketing

The Payments Association

AI also automates know-your-customer (KYC) and anti-money laundering (AML) checks during onboarding, streamlining workflows and accelerating customer acquisition without compromising security. For marketing teams, this helps avoid reputational damage and ensures that promotional campaigns dont inadvertently trigger compliance issues.

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