Fintech News

OCTOBER 27, 2024

By holding these entities accountable, the SRF enhances consumer protection and provides clear avenues for victim recourse in cases of phishing-related losses. This inclusion acknowledges the increased risk of significant losses from e-wallets and mandates robust consumer protection controls.

Phishing 135

Phishing Scams Blocks Authorization 135

Fintech Finance

NOVEMBER 19, 2024

While this payment method remains popular due to Visa and Mastercard’s robust consumer protection frameworks, it is essential for issuers to ready their operations for the anticipated rise in disputes. Recent data indicates that the average UK resident makes approximately 70 card transactions per month.

Disputes 96

Disputes Consumer Protection Duplicate Transactions 96

Fi911

MAY 22, 2025

This post will explore PSD3 in detail, discuss its implications, and help you take proactive steps to prepare. Why an Upgrade is Needed PSD2, implemented in January 2018, was designed to transform the EU payments ecosystem by enhancing competition, boosting innovation, and strengthening consumer protections.

Payment APIs and Integration 62

Payment APIs and Integration Fraud Prevention Consumer Protection API 62

Fintech Finance

JANUARY 2, 2025

.” The report highlights essential fraud mitigation strategies such as enhanced authentication, transaction monitoring, and confirmation of payee practices, as well as the importance of information sharing and consumer protection. The post U.S. faster payments infrastructure.

Faster Payments 98

Faster Payments Mitigation FPC Payments 98

Neopay

FEBRUARY 29, 2024

Contractual and marketing improvements : A significant percentage of firms reported improvements in consumer contracts and marketing strategies, indicating a commitment to enhancing consumer protection measures. At Neopay, we recognise the importance of regulatory compliance and consumer protection.

Consumer Protection 59

Consumer Protection Consumer Compliance Assessments 59

PYMNTS

OCTOBER 16, 2020

Facebook’s Ireland and United Kingdom unit has agreed to change the way Instagram works to “make it much harder for people to post an (advertisement) on Instagram without labelling it as such,” Britain’s top antitrust regulator announced Friday (Oct.

Posting 85

Posting Laws Regulations Consumer Protection 85

Fintech News

DECEMBER 9, 2024

However, this embrace of the new is not without a cautious side, as Singapore carefully balances innovation with robust regulation and consumer protection. Featured image credit: Edited from Freepik The post Will Singapore Realise Its Tokenisation Dreams? appeared first on Fintech Singapore.

Cryptocurrency 117

Cryptocurrency Cross-Border Consumer Protection Facilitators 117

Fintech Finance

MAY 20, 2025

Beyond fraud, more than half of respondents (57 per cent) said faster, more efficient payments should be a key focus for the new regulator, alongside consumer protection (49 per cent). A similar number of businesses have invested in compliance technology (52 per cent) or internal capacity (51 per cent) in response.

Risk 96

Risk Embedded Finance Finance Security 96

Neopay

NOVEMBER 25, 2024

These changes aim to address persistent issues in safeguarding practices and enhance consumer protection. Why safeguarding matters Safeguarding ensures that funds received by payment and e-money firms are protected. The FCA’s consultation provides a roadmap to better safeguarding practices and consumer protection.

Consumer Protection 52

Consumer Protection Consumer Audit Compliance 52

Fintech Finance

APRIL 10, 2025

The Connecticut legislature should consider measures, like Senate Bill 1396, which help working families access the resources they need, provided by Earned Wage Access, while ensuring key consumer protections. Read the Connecticut Earned Wage Access User Impact Study here.

Shutdown 59

Shutdown Consumer Protection Credit Cards Research 59

The Fintech Times

SEPTEMBER 27, 2024

The post FCA Steps in To Increase Consumer Protections When Payments Firms Go Out of Business appeared first on The Fintech Times. The financial services regulator also plans to publish strengthened interim safeguarding rules for firms by the middle of next year.

Consumer Protection 59

Consumer Protection Consumer Consulting Payments 59

The Fintech Times

MARCH 3, 2025

The Payments Association , the trade group representing the payments sector, has launched its Payments Manifesto for 2025, urging the UK government to modernise the payment infrastructure to ensure consumer protection.

Governance 59

Governance Government Financial Inclusion Consumer Protection 59

The Fintech Times

FEBRUARY 27, 2024

. “Protection is an increasing priority for consumers and the industry is likely to focus heavily on this over the next 12 months. “However, the challenge lies in the lack of a clear funding strategy and a consistent international approach to protection.

Consumer Protection 69

Consumer Protection Stablecoins Payments Trends Consumer 69

Fintech Finance

FEBRUARY 5, 2025

Curve , the ultimate digital wallet, has become the first to offer section 75 protection on purchases made through its Wallet. This is a step change in consumer protection, allowing users to make payments without worrying about losing money if a product is faulty or if theres a problem with the purchase.

Debit Card 59

Debit Card Consumer Protection Credit Cards Consumer 59

Fintech Finance

DECEMBER 18, 2023

A grant from the Mastercard Center, through the Mastercard Impact Fund, will accelerate the research and development of a global framework for consumer protection and empowerment in new and emerging digital infrastructure to ensure the potential of these platforms is realized.

Consumer Protection 52

Consumer Protection Visa Consumer Economy 52

Clearly Payments

OCTOBER 30, 2024

Key regulations include: GDPR (General Data Protection Regulation) : For merchants targeting Europe, GDPR compliance is mandatory, emphasizing data privacy and protection. PSD2 (Payment Services Directive 2) : Also in the European Union, PSD2 aims to strengthen consumer protection and requires two-factor authentication for payments.

International Payments 105

International Payments Process Multi-Currency Cross-Border 105

The Fintech Times

DECEMBER 11, 2024

However, as MiCA aims to address fragmentation and enhance consumer protection, it also offers businesses the chance to align with a future where crypto-assets are integrated seamlessly into the global financial system.

Regulations 69

Regulations Cross-Border Payments Cross-Border Stablecoins 69

Fintech Finance

MAY 2, 2025

This will allow businesses to streamline operations, reduce costs and enhance consumer trust through robust security and consumer protection frameworks, whilst offering the potential to transform payment experiences across the UK economy.

Payments 81

Payments Consumer Protection Automation Governance 81

The Fintech Times

DECEMBER 10, 2024

The post Salt Edge and Saga Partner to Meet Latest Open Banking Regulatory Requirements in Serbia appeared first on The Fintech Times.

Third-Party Service Provider 65

Third-Party Service Provider Compliance API Consumer Protection 65

Fintech News

MAY 5, 2024

The Bank of Thailand is gearing up to introduce a QR code-based cross-border payment system between Thailand and India, anticipated to be operational by the third quarter of 2024, according to Bangkok Post. The post Thailand-India QR Payment Link to Launch by Q3 2024 appeared first on Fintech Singapore.

Cross-Border 123

Cross-Border Cross-Border Payments Payment Networks Consumer Protection 123

Fintech News

JUNE 5, 2024

The new laws aim to balance consumer protection with innovation and competition. Stephen Jones Assistant Treasurer and Minister for Financial Services, Stephen Jones MP, emphasised the government’s commitment to consumer protection. ” “The government is working hard to protect consumers against financial harm.

Regulations 113

Regulations BNPL Product Consumer Protection 113

Fintech News

NOVEMBER 20, 2024

The Monetary Authority of Singapore (MAS) is streamlining the product approval process for life insurers while maintaining robust consumer protection. These revisions aim to facilitate innovation within the life insurance sector while maintaining robust consumer protection.

Product 111

Product Process Consumer Protection Compliance 111

Bank Automation

DECEMBER 23, 2024

and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers without their consent, a US consumer protection agency said on Monday. The Consumer Financial Protection Bureau claimed that Walmart and Branch Messenger Inc. Walmart Inc.

CFPB 52

CFPB Accounts FinTech Consumer Protection 52

Fintech News

JULY 21, 2024

Key improvements to the regulations include enhanced institutional frameworks, risk management, governance, and consumer protection, with a focus on bolstering support for the productive sector. Eligible LPBBTI providers must meet specific criteria, including maintaining a maximum TWP90 ratio of 5 percent.

P2P 116

P2P Caps Consumer Protection Risk Management 116

Fintech News

FEBRUARY 7, 2024

The Bangkok Post revealed that the VAT exemption, previously slated to end in 2023, will now continue indefinitely. This regulatory measure enforces strict operational standards to bolster consumer protection and maintain the integrity of the financial system.

Cryptocurrency 115

Cryptocurrency Consumer Protection Regulations Participant 115

Fintech News

JANUARY 13, 2025

With governments in SEA grappling to balance innovation with consumer protection, fintech firms must navigate a complex web of compliance requirements. Featured image credit: Edited from Freepik The post Is Southeast Asia Fintech Funding Drying Up? Moreover, the regulatory landscape remains a critical variable.

FinTech 117

FinTech Cross-Border On-Demand Innovation 117

The Fintech Times

JANUARY 21, 2025

The Consumer Financial Protection Bureau (CFPB), the consumer protection agency in the US, has hit Equifax with a $15million fine, after it found that the nationwide consumer reporting agency failed to conduct proper investigations of consumer disputes.

Disputes 59

Disputes CFPB Consumer Financial Protection Bureau (CFPB) Consumer 59

Fintech Finance

MARCH 12, 2025

The payments industry is evolving rapidly, and with increased scrutiny on payment services and electronic money providers, maintaining a robust and dedicated regulatory framework is critical to ensuring stability, innovation, and consumer protection in support of the National Payments Vision.

Governance 59

Governance Government Regulations Payments 59

Fintech News

DECEMBER 18, 2024

Hasan Fawzi, OJK’s Chief Executive for Financial Sector Technology Innovation and Crypto Assets, emphasised the sandbox’s importance in preventing fraudulent schemes and enhancing consumer protection. Products or business models failing to pass sandbox approval will be deemed illegal.

FinTech 117

FinTech Law Enforcement Financial Literacy Innovation 117

The Fintech Times

NOVEMBER 2, 2024

Ltd : Developed an ‘e-KYC’ solution to digitally onboard customers, using advanced technologies like artificial intelligence, machine learning, thumbprint and facial recognition for a streamlined digital KYC platform Soft Net Technology : Proposed a centralised loan application platform in response to pre- and post-Covid challenges.

Financial Inclusion 69

Financial Inclusion Technology FinTech Credit Cards 69

FICO

JANUARY 4, 2018

Here were the top 5 posts of 2017 in the Risk & Compliance category: US Average FICO Score Hits 700: A Milestone for Consumers. Read the full post. Read the full post. He shared the characteristics scored by EFL: Read the full post. What were some of the most interesting risk analytics topics last year?

Risk 58

Risk Posting Credit Risk Regulatory Compliance 58

Fintech News

JULY 23, 2024

Alessio Quaglini “The Monetary Authority of Singapore upholds rigorous regulatory standards that balance fostering innovation with ensuring consumer protection. Featured image credit: Edited from Freepik The post Hex Trust Receives MAS’ Initial Approval for Crypto Payment Services License appeared first on Fintech Singapore.

Payments 117

Payments Consumer Protection Authorization On-Demand 117

The Fintech Times

DECEMBER 19, 2023

The focus is now on introducing limited and proportional regulation while considering BNPL services as a cost-effective means for consumers to access flexible credit. The proposed changes aim to strike a balance between consumer protection and fostering innovation within the BNPL sector.

BNPL 114

BNPL Regulations Finance Consumer Protection 114

Fintech News

APRIL 28, 2024

This distinction, effective from 1 May 2024, allows consumers to easily recognise these accredited providers, signaling their compliance with the stringent standards set out in the BNPL Code of Conduct. Buy Now, Pay Later Accredited Trustmark The trustmark signifies a commitment to responsible lending and consumer protection.

BNPL 109

BNPL Compliance Accreditation Consumer Protection 109

Neopay

MAY 28, 2025

Businesses and consumers will benefit from new growth-focused Strategic Steer set for the Competition and Markets Authority (CMA), in the latest step of the governments agenda to reform regulation to drive growth as part of the plan for change. Source: gov.uk

Governance 52

Governance Government Regulations Consumer Protection 52

Fintech Finance

MAY 14, 2025

Spain leads Continental Europe in the Digital Economy Trust Index, while consumers in the Netherlands are more cautious but boast very high participation in the circular economy, a model of production and consumption which extends the life cycle of products via methods such as refurbishment, repair and reselling.

Economy 52

Economy Consumer Deepfake Consumer Protection 52

The Fintech Times

FEBRUARY 19, 2025

Increased choice of payment methods between and within wallets has the potential to benefit consumers and merchants by increasing competition between payment systems. Responses raised potential competition, consumer protection and operational resilience issues.

Regulations 73

Regulations Underserved Authorization Innovation 73