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The Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions. ” The post BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance appeared first on Fintech Singapore.
This is where PCI DSS (Payment Card Industry Data Security Standard) compliance becomes essential for Australian businesses. In todays article, we are going to learn how PCI DSS compliance protects businesses from data breaches. Heres how PCI DSS compliance safeguards Australian businesses: 1.
Today, IXOPAY proudly announces its merger with Aperia Compliance, a global leader in Payment Card Industry (PCI) validation and risk management. Why This Merger Matters In today’s rapidly evolving digital economy, the stakes for robust payment security and stringent compliance have never been higher.
Across the globe, the dialogue about compliance and risk has changed and it has become increasingly challenging for emerging fintechs and bank sponsors to keep pace. The post Thredd Launches Suite of Enhanced Compliance and Risk Services appeared first on FF News | Fintech Finance.
As crypto adoption accelerates, regulators are ramping up enforcement of the Financial Action Task Force’s (FATF) Travel Rule compliance in APAC. Four Years In, The Compliance Gap in the Travel Rule Still Exists In 2021, the FATF updated its risk-based guidance for virtual assets and VASPs, reinforcing the Travel Rule.
Once known for speed and disruption, Indonesia’s crypto industry is now facing its biggest reckoning: compliance or irrelevance. For these firms, it’s a call to build trust, embrace transparency, and lead with compliance as the new currency of credibility. News Regulatory Body, New Regulations to Adhere to?
It will then also enable financial institutions to redeploy compliance savings into strengthening anti-fraud efforts. In addition to fraud, regulatory compliance is another major hurdle facing organisations. However, this is another area in which Digital Company ID can help. Overall, an important step towards a more digitised economy.”
The company said it continues to work closely with MAS on a transition plan to ensure ongoing compliance. We’re excited to partner with some of the leading players in Europe to bring this leading standard of compliance to more than 450 million consumers in the European Union.”
Achieving SOC 2 compliance affirms that FinMont ‘s global payment orchestration platform upholds the highest standards when it comes to every aspect of handling and processing any customer data. In an increasingly complex digital landscape, where data security is paramount, it’s essential to lead by example.
“A compliance policy is only as strong as the infrastructure that delivers it” That’s how Baran Ozkan, Co-Founder and CEO of Flagright, summed up the latest anti-money laundering (AML) storm that hit Singapore. What’s needed, he says, is a modern compliance backbone. That decision points to something deeper.
PingPong , the world-leading provider of embedded cross-border payment solutions for enterprises, today announces it will be using Form3 ‘s Verification of Payee (VoP) solution for SEPA account validation, giving PingPong a competitive edge by implementing compliance measures five months ahead of the October go-live date.
This milestone positions dLocal to offer regulated payment services in the UK, bolstering its commitment to global compliance and expanding its service offerings for UK-based merchants. As a NASDAQ-listed company, dLocal has long been committed to compliance leadership.
QwikPay , the Australian paytech, is improving its real-time user onboarding while maintaining compliance with financial regulations in Australia, following a new partnership with iDenfy , the identity verification and fraud prevention technology provider. We needed a compliance partner that could scale with us while maintaining user trust.
Broadridge EU Instant Payments compliance tools are assisting financial institutions and banks in adhering to new European regulatory requirements. By supporting EU instant payments compliance, Broadridge’s real-time infrastructure helps institutions get ahead of impending regulatory deadlines.
“With instant payments now a regulatory necessity, financial institutions are actively looking for scalable and cost-efficient solutions that ensure seamless compliance and real-time payment readiness,” said Kai Marzenell, Director, Swift Product Management at Broadridge.
Flagright has partnered with HitPay to improve payment security and compliance in Southeast Asia. Aditya Haripurkar, Co-Founder and CEO of HitPay, expressed his enthusiasm about the collaboration : “Partnering with Flagright is a crucial step in reinforcing our commitment to security and compliance.
This helps to reduce payment failures, operational inefficiencies, and compliance risks in cross-border payments. This real-time verification process helps prevent errors and strengthens regulatory compliance, particularly in regions like the UK and EU. With payment failures costing the global economy an estimated US$118.5
Flagright has announced that payment platform HitPay is now using its AI-native transaction monitoring and anti-money laundering (AML) compliance solutions to enhance security and compliance. With plans to scale across Southeast Asia, HitPay is adopting Flagright’s technology to boost compliance and protect customer transactions.
However, many still rely on legacy AML compliance systems built for fewer payment rails, most of which are not aligned with real-time settlement workflows. In a fast-changing geopolitical and tech landscape, compliance teams must screen payments against the latest sanctions, PEP, and dual-use goods lists to stay ahead of illicit activity. .”
Reap intends to allocate necessary resources to support its Singapore operations and strengthen compliance standards. Kevin Kang “At Reap, compliance has always been paramount, not only to safeguard our users but also as a fundamental pillar for growth. Reap is also committed to building a strong payment service.”
.” Gemini has recently made strategic leadership hires in Singapore, including appointing Saad Ahmed as Head of APAC earlier this year to drive regional strategy and regulatory compliance. The post MAS Grants Gemini In-Principle Approval for Crypto Payment License appeared first on Fintech Singapore.
” – Chief Compliance Officer at Ecommpay. .” – Head GRC Consultant for Europe & APAC, Finance Advisory at EPAM Systems (CH) GmbH “Incredible lineup of speakers with so many different topics of discussion; innovation, the way the future of payments looks! Really good!”
Outdated security methods like OTPs and siloed authentication methods dont provide the strong security or seamless customer experience needed to stay competitive post-PSD2. Heres why financial institutions must rethink their authentication strategies to remain competitive.
It’s more complex than domestic payments, as it requires a payment infrastructure that supports global payment options and multiple currencies while ensuring security and compliance with foreign regulations. Compliance with International Regulations Expanding internationally also means complying with local regulations in each new market.
. “Integrating tell.money’s open banking solutions helps us improve payment efficiency while ensuring compliance with evolving financial regulations.” The post CurrencyFair Selects tell.money to Enhance Open Banking Capabilities for Seamless Global Money Transfers appeared first on FF News | Fintech Finance.
The card programme allows users to transact with digital assets while maintaining compliance with regulatory standards. By leveraging our technology and compliance expertise, we are making it easier than ever for businesses and consumers to integrate digital assets into their everyday financial activities.
Over the years, VISTA InfoSec has partnered with many distinguished organizations worldwide, offering tailored cybersecurity and compliance solutions that meet the highest standards of quality and precision. PCI QSA, QPA, and SSFA Certifications : Demonstrating expertise in payment security compliance.
The research shows that banks in Singapore are dedicating more time and resources to KYC processes, which are vital for anti-money laundering (AML) compliance, than any other region surveyed. On the other hand, those leveraging automation and AI can transform KYC and onboarding from mere compliance tasks into strategic advantages.
The new regulations introduce stricter compliance requirements, requiring all payment transactions for sports betting operations to be verified against player-registered bank account details. It also supports multiple registered accounts for bettors, streamlining the payment process while maintaining compliance.
Tencent, through its Singapore subsidiary Tencent SenseTech, ensures data localisation and offers technical support, prioritising data security and privacy compliance. The post Tencent and Visa Roll Out Palm Payment Trial in Singapore appeared first on Fintech Singapore.
Adisorn Phonnarut “The licensing process has been thorough, and this in-principle approval is a testament to our team’s dedication in establishing a robust compliance framework. The post Razer Gold Gets In-Principle Nod for Payment License in Singapore appeared first on Fintech Singapore.
Together, Reap and Reap Singapore will continue to refine its compliance standards and beyond, ensuring it delivers enhanced value and trusted solutions to Singapore and the broader APAC customers. “At Reap, compliance has always been paramount, not only to safeguard our users but also as a fundamental pillar for growth.
Designed for CFOs, controllers, and finance professionals, MO AI aims to improve the efficiency and accuracy of tasks such as cash management, forecasting, compliance, and reporting across multi-entity, multi-currency operations.
This enables them to cater to Pakistani consumers’ payment preferences, all while meeting stringent local compliance standards. PayFuture removes these obstacles, offering merchants a single integration point with built-in compliance that aligns with Pakistan’s data protection and foreign exchange laws.
It forms part of Clear Junction’s broader strategy to bridge the fiat and digital asset ecosystems through enterprise-grade, compliance-focused infrastructure. The post Clear Junction Extends Named Virtual IBAN Services to VASP-Licensed Businesses appeared first on FF News | Fintech Finance.
It is designed to help institutions localise solutions, shorten time to market, reduce operational costs, and improve user experience, while meeting compliance ahead of SBV deadlines. The joint platform will support automated payment flows, API lifecycle management, third-party partner integration, consent frameworks, and data security.
These sessions will cover best practices for securing digital assets, compliance strategies, and risk management. Founders will be able to learn and implement the critical tools of tomorrows financial ecosystemfrom security and compliance to scalable infrastructure.”
Merchants in high-risk categories, such as online gaming, travel, and adult services, benefit from BIN data as it helps processors manage risk levels and ensure compliance with industry regulations. New processors must be prepared to demonstrate compliance and may need to undergo regular audits to meet these standards.
Both XUSD and XSGD are fully backed stablecoins, issued in compliance with the Monetary Authority of Singapores (MAS) upcoming stablecoin regulatory framework. Featured image credit: Edited from Freepik The post StanChart to Support StraitsX Stablecoin Reserves appeared first on Fintech Singapore.
The post Thunes Enables Real-Time Payouts for Hyperwallet Merchants Across Asia Pacific appeared first on Fintech Singapore. said Floris de Kort, CEO of Thunes.
Finmo is also expanding its UK compliance and operations team to support mid-market firms headquartered in the UK, international businesses with cross-border operations, and companies with complex treasury needs. Initial UK rollouts include GBP-denominated accounts and Faster Payments access.
GL1 will define control principles, develop specifications, and ensure “compliance by design” to align governance and risk management practices. This includes programmable compliance, which automates regulatory checks.
LSEG Risk Intelligence, which specialises in compliance, risk management, and fraud prevention solutions, said GAV will help financial institutions, fintech firms, and multinational corporations reduce fraud risks while improving payment efficiency.
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