This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The shift toward digitised payments brings heightened concerns about cybersecurity, fraud, and regulatorycompliance. As Asian markets surge, they face the dual challenge of safeguarding digital infrastructure while ensuring financialinclusion and bridging technological gaps between advanced and developing economies.
It says these solutions aim to advance financialinclusion and foster economic development. It demonstrates the companys commitment to regulatorycompliance, innovation, and excellence in financial services across its markets.
It represents a significant investment in strengthening its Fortress Compliance platform, ensuring rigorous adherence to some of the world’s most demanding regulatory standards. It allows us to extend our global footprint while upholding the highest standards of regulatorycompliance and transparency. Securing U.S.
This license extends FlexM’s regulated financial services, enabling the company to offer cross-border money transfer services to its customers in Singapore. FlexM provides financial technology solutions to other financial institutions, covering payments, merchant acquisition, remittances, and regulatorycompliance.
Miroslav Pekrek , CPO noted: “The future of fintech powered by AI is promising, with significant advancements expected in customer service, risk management, cost, operational efficiency, and financialinclusion. ” What have been the biggest challenges for in-person payments this year?
From digital payments to decentralised finance (DeFi), these companies are solving real-world challenges like financialinclusion and cross-border transactions, while setting new global standards for innovation. HashKey focuses on regulatorycompliance, security, and innovation. Micro Connect Valuation: $1.7
Payments providers will need to prioritise interoperability and compliance to unlock growth while addressing security and volatility concerns. AI is revolutionising fraud detection, compliance, and personalisation, while tokenisation enhances e-commerce security. However, this growth is not without its hurdles.
The growing adoption of mobile and internet technology and rising consumer expectations for instant payment experiences will drive financialinclusion forward. AI-powered regulatorycompliance tools will streamline adherence to complex regional mandates, boosting efficiency and accuracy.
” This event will focus on key topics such as digital banking solutions and trends in commercial payments, providing valuable insights into how technology is transforming the financial sector. Topics will range from Central Bank Digital Currencies (CBDCs) to financialinclusion and AI-driven banking solutions.
Over time, we have learnt that there are three key pillars of enabling this at scale: Building long-standing partnerships, focused on collaboration instead of competition, strengthening an infrastructure that supports diverse payment instruments and types and adhering to strong compliance and regulation standards in every market.
We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financialinclusion and helping people develop healthy financial habits. Blanket policies often favour larger corporations, as they have the resources to navigate compliance.
Smart Contracts: Self-executing agreements streamline loan distribution, repayment, and compliance, cutting costs and speeding up transactions. Identity Verification: Provides a secure digital identity, simplifying verification and enhancing regulatorycompliance.
GXS Bank , a partnership between Grab and Singtel, focuses on financialinclusivity for underserved groups, such as gig economy workers and young professionals. Regulatorycompliance and cybersecurity are significant hurdles, especially as digital threats evolve.
Even financialinclusion got a boost – lenders began using alternative data via open banking to underwrite those with thin credit files, and mobile apps brought services to those who were previously underserved. In fintech, that meant compliance checks, uptime requirements for APIs, etc. This debate is very much ongoing.
According to the government , this consolidation will reduce the complexity of regulatorycompliance, particularly for businesses navigating multiple oversight bodies. He argues that streamlining oversight could create a more efficient regulatory environment while easing compliance burdens for financial institutions.
However, each country presents unique characteristics, especially when it comes to regulatory maturity, technological infrastructure, and financialinclusion. In Latin America, embedded finance plays a critical role in financialinclusion and social mobility. The key distinction is its real-world impact.
Unlike fraudulent platforms, reputable exchanges invest in compliance, security infrastructure, and operational transparency. RegulatoryCompliance and Licensing Regulatorycompliance represents a primary indicator of exchange legitimacy. It expresses the views and opinions of the author.
Scheduled for June 26 in New York City, the event will serve as a critical platform for banks, credit unions, fintechs, and technology providers to explore the real-world applications of Open Banking and its impact on financialinclusion, regulatorycompliance, and data security.
We’ve worked with fintech, healthcare, and logistics firms where regulatorycompliance and performance were mission-critical. Rosalia Mazza Feb 24th Technology How Innovation and Technology Are the Keys to Improving FinancialInclusion According to WEF estimates, there are 1.4 billion unbanked people worldwide.
Mexico in Focus: Open Banking and FinancialInclusion A briefing for banks and fintechs, with key insights and details of the opportunities available in LatAm’s third-largest nation. Open Banking represents an important possibility for both financial institutions and the Mexican population.
New Innovative Payments Association guide designed to help financial institutions that work with fintechs navigate the complex world of regulatorycompliance. “At IPA, we believe regulatorycompliance should not hinder innovation. . Practical considerations for developing a robust compliance plan.
Awards will be presented in eight categories: AI and Machine Learning, Cloud Deployment, Customer Onboarding and Management, Debt Management, Fraud & Security, Decision Management Innovation, FinancialInclusion and RegulatoryCompliance. by Nikhil Behl.
While a majority view their regulatory landscape as adequate, with 63% of surveyed fintechs rating it favourably (with 36% even lauding their regulatory environment as a major supporting factor of their operational growth in recent years), a considerable segment finds aspects of regulatorycompliance, licensing, and registration to be burdensome.
By embracing cutting-edge technology, the partnership has allowed Mama Money to fast-track innovation in the market while maintaining the highest levels of regulatorycompliance. ” Drisha Kirkman, Head of Programme Management and Sustainability at Paymentology continued.
By expanding access to advanced machine learning at financial institutions, we can help more lenders grow their bottom lines, while ensuring regulatorycompliance and driving financialinclusion.”
By setting up shop right in the bustling heart of the country’s financial district, Oradian is not just physically closer to clients — the Filipino fintech is better positioned to be effective within the very fabric of everyday Filipino financial life.
Oluwabankole Falade, Chief Regulatory Officer at Flutterwave, said: “We are grateful to the Bank of Ghana for their trust and support in granting us this license. This milestone highlights our commitment to regulatorycompliance and delivering secure, reliable payment solutions.
It explores the challenges faced by financial institutions in correspondent banking relationships, shedding light on regulatorycompliance, security concerns, foreign exchange rate risks, and the impact of fintech players entering the field. The post U.S.
Tackling this challenge requires a multifaceted approach focusing on data accuracy, technology integration, fraud prevention, and balancing customer experience with regulatorycompliance. It issues early alerts about sanctioned banks, helping organisations avoid compliance risks and costly payment issues.
Compliance and risk? Automating that compliance is now a “need to have.”. Compliance and risk officers have the unenviable task of finding out, sometimes after the fact, that not all the boxes are checked — if they even knew the boxes were there for checking in the first place. Plugging In To Plugins.
These awards highlight companies and individuals whose fintech initiatives have contributed to advancing financial technology, promoting financialinclusion, and improving service delivery. Napier AI designs and engineers technological innovation to make a measurable difference in driving down financial crime.
An explosion of FinTechs looking to fill the gaps left across under-banked and under-financed populations, including, in many markets, small businesses, has watchdogs exploring how to promote financialinclusion and access to capital while maintaining borrower protection. Data Solutions For Data Problems.
FinancialInclusion: Cryptocurrencies have the potential to bring financial services to the unbanked and underbanked populations, fostering financialinclusion. By accepting cryptocurrency payments, merchants contribute to a more inclusive global economy.
This milestone highlights our commitment to regulatorycompliance and delivering secure, reliable payment solutions. We are excited to contribute to Ghana’s dynamic business ecosystem and support the financialinclusion of Ghanaians, both locally and globally.”
FinancialInclusion. RegulatoryCompliance. Cloud Deployment. Customer Onboarding and Management. Debt Management. Decision Management Innovation. ESG Champion (new category). Fraud Management. Recognition For Winners in an Extraordinary Year. Winners will receive recognition at FICO® World, which will be held in the U.S.
Loan applications become more efficient, as lenders can quickly and accurately assess an applicant’s financial health through direct access to banking data. It also promotes financialinclusion. Regulatorycompliance is crucial to ensure that data sharing practices adhere to legal standards and protect consumer rights.
Despite regulatory uncertainties, blockchains adoption in payments is likely to expand. Businesses and governments are exploring its potential to create central bank digital currencies (CBDCs), which could further enhance financialinclusion. These systems allow funds to be transferred instantly, regardless of the time or day.
This enables more accurate risk assessments and financialinclusion. Financial markets are influenced by unpredictable factors like politics and global events. Regulatorycompliance also poses challenges. Financial institutions must prioritise ethical AI usage. Consumers also demand ethical AI.
Mastercard said for a digital currency to be successful, it has to give customers not only stability and consumer protections but regulatorycompliance as well. Mastercard also said it wants to make sure it sticks to its principles while simultaneously trying to “expand financialinclusion and boost global prosperity.”.
Today, regulatorycompliance is paramount for digital-first businesses to reduce losses and grow. SecureID, through the effective combination of identity verification, risk assessment and fraud prevention, will enable greater financialinclusion by ensuring secure and accessible financial services.
Boosting financialinclusion also featured strongly this year, with organizations delivering life-changing access to credit for millions of people. FinancialInclusion – Mibanco & SIMAH (tie). RegulatoryCompliance – Not Awarded. Customer Onboarding & Management – Bradesco. Debt Management – Ceska.
In payments, AI-powered systems can enhance fraud detection and streamline cross-border transactions, potentially revitalising correspondent banking relationships that have dwindled due to regulatory pressures. They must also consider the broader societal implications of AI, such as its potential impact on financialinclusion and inequality.
For fintech’s consider the ones that align best with your company’s mission, like financialinclusion. “Fintech firms face a slew of ESG challenges, including regulatory hurdles, technological barriers, and resistance to change. Leaders need to take SDGs and social impact goals one step at a time.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content