Fintech Finance

MARCH 12, 2025

“However, we believe that abolishing the Payment Systems Regulator (PSR) at a time when the efficacy and resilience of payment systems, as well fraud risk management, are under intense review and focus, may not be the most opportune course of action.

Government 59

Government Governance Regulations Payments 59

Fintech Finance

MAY 20, 2025

As the Financial Conduct Authority (FCA) prepares to take over full responsibility for regulating UK payments, new research from Equals Money reveals that combating fraud and tackling widespread delays are top priorities for higher-risk players in the industry.

Risk 96

Risk Finance Embedded Finance Security 96

Fintech News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon. This transition is currently in progress.

APACS 132

APACS Regulations Stablecoins Cryptocurrency 132

The Fintech Times

DECEMBER 19, 2023

Akshata Namjoshi (top) and Ratul Roshan, KARM Legal Consultants United Kingdom In the UK, BNPL products currently benefit from an exemption under the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.

BNPL 113

BNPL Regulations Finance Consumer Protection 113

Neopay

JUNE 13, 2025

The European Banking Authority (EBA) has issued a No Action Letter to EU policymakers, advising against dual authorisation requirements for crypto-asset service providers (CASPs) transacting in electronic money tokens (EMTs) under both the Payment Services Directive (PSD2) and the Markets in Crypto-Assets Regulation (MiCA).

Regulations 52

Regulations Duplicate Fraud Prevention Procedures 52

Clearly Payments

OCTOBER 30, 2024

Overview of International Payment Processing At its core, international payment processing involves handling transactions across borders , where factors like currency conversion, payment method preferences, and local regulations come into play. As global online shopping grows rapidly, consumers expect seamless payment experiences.

International Payments 105

International Payments Process Multi-Currency Cross-Border 105

The Payments Association

JANUARY 16, 2025

Clear Junction , a global leader in cross-border payments for regulated financial institutions, has revealed a significant gap in the preparedness of payment industry leaders to navigate the complexities of the Markets in Crypto-Assets Regulation (MiCA) regulation, which is now in effect across the EU.

Compliance 88

Compliance Cross-Border Payments Cross-Border Stablecoins 88

Fintech News

JUNE 12, 2025

News Regulatory Body, New Regulations to Adhere to? What was once a fast-moving, lightly regulated ecosystem is now being reshaped under OJK’s supervision to resemble the formal financial sector. She opened with a simple but powerful reminder: stay close to your regulators. OJK’s framework isn’t just a cosmetic change.

Compliance 111

Compliance Travel Rule Risk Due Diligence 111

The Payments Association

JANUARY 13, 2025

The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance. The reforms ensure robust safeguarding practices, bolster consumer trust, and address risks like fund shortfalls during insolvency. Why is it important? What’s next?

Compliance 88

Compliance Audit Legal Reconciliation 88

Fintech News

APRIL 3, 2025

What started as a consumer-friendly alternative to traditional credit is becoming a more concrete financing solution in the digital payments ecosystem, particularly in emerging markets like BNPL regulation in Asia. While BNPL loans remain at manageable levels, regulators are closely monitoring the sectors impact on household debt.

BNPL 113

BNPL Regulations Accreditation Consumer Protection 113

The Payments Association

DECEMBER 11, 2024

It highlights the need for a strategic, proportionate approach to safeguarding that aligns with broader regulatory and consumer protection goals. In January 2023, HM Treasury issued the Payment Services Regulations: Review and Call for Evidence. Why is it important? What’s next? Read More

Treasury 88

Treasury Consulting Payments Consumer Protection 88

Fintech News

JUNE 5, 2024

Australia will introduce new legislation to amend the Credit Act, requiring Buy Now, Pay Later (BNPL) providers to hold an Australian credit license and comply with existing credit laws regulated by the Australian Securities and Investments Commission (ASIC). The new laws aim to balance consumer protection with innovation and competition.

Regulations 113

Regulations Product BNPL Consumer Protection 113

The Payments Association

NOVEMBER 28, 2024

PSD3 builds on PSD2 by clarifying regulations, expanding bank liability, and introducing stricter IT and risk standards. The PSR (Payment Service Regulation) complements the Payment Service Directive, leading to directly applicable law in all EU states. PSD3 and PSR are the latest initiatives driving these goals. What are PSD3 and PSR?

Authentication 88

Authentication Regulations IBAN Rules 88

The Payments Association

JANUARY 13, 2025

It addresses how evolving regulations shape the digital asset landscape, influencing innovation, compliance, and global competitiveness. As is the nature of the regulation, the regulatory landscape for digital assets in the UK is proving to mark a pivotal moment for the payments sector. What’s next?

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

Axway

JANUARY 3, 2025

In October 2024, the Consumer Financial Protection Bureau (CFPB) issued its final ruling on section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The verdict has been a significant catalyst for open banking, requiring financial institutions …

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB Regulations Consumer Protection 52

Fintech News

APRIL 10, 2024

These efforts cover a comprehensive range of regulatory concerns, including but not limited to licensing requirements, reserve asset management, redemption rights, capital adequacy, consumer protection, and compliance with anti-money laundering (AML) and counter-terrorism financing (CFT) guidelines.

Stablecoins 125

Stablecoins Regulations Digital Currency Risk Mitigation 125

The Fintech Times

NOVEMBER 27, 2024

While the FCA still warns that consumers who invest in cryptoassets ‘should be prepared’ to lose all of their money, due to the continuing volatility and lack of regulation surrounding the industry, consumers appear undeterred. Can the FCA move fast enough?

Regulations 112

Regulations Stablecoins Risk Consulting 112

Fintech News

APRIL 14, 2024

Money20/20 Asia, set for 23-25 April at the Queen Sirikit National Convention Center in Bangkok, will prominently feature regulators from Asia’s financial sector among its speakers. The post Money20/20 Asia Set to Spotlight APAC Regulators for Fintech Growth appeared first on Fintech Singapore. Register at this link.

APACS 113

APACS Regulations Cross-Border Cross-Border Payments 113

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 News

JANUARY 21, 2025

The Financial Services Authority ( OJK ) of Indonesia has issued a new regulation to govern Alternative Credit Ratings (PKA), also known as Innovative Credit Scoring (ICS). The new regulation responds to the growing use of technology in financial services.

Regulations 90

Regulations Consumer Protection Compliance Government 90

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. faster payments infrastructure. These lessons have the potential to reshape the U.S.

Faster Payments 98

Faster Payments Mitigation FPC Payments 98

Fi911

MAY 22, 2025

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. Consumer Protection with stronger authentication and fraud prevention measures, such as Strong Customer Authentication (SCA).

Payment APIs and Integration 62

Payment APIs and Integration Fraud Prevention Consumer Protection API 62

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

Payments Dive

OCTOBER 31, 2022

Elizabeth Warren told the Consumer Financial Protection Bureau that it should amend Regulation E of the Electronic Fund Transfer Act “to increase consumer protection.”

Zelle 131

Zelle CFPB Funds Transfer Consumer Protection 131

The Payments Association

JUNE 20, 2024

million lost in early 2023, prompting calls for stronger consumer protections. APP fraud is surging, with UK Finance reporting £42.6 Read more

Regulations 88

Regulations Consumer Protection Security FinTech 88

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. The goal is to attract investment and innovation, maintain Singapore’s competitive edge in the global arena, and expand financial inclusion.

Cryptocurrency 117

Cryptocurrency Cross-Border Consumer Protection Facilitators 117

The Fintech Times

FEBRUARY 19, 2025

Digital wallets represent a “significant opportunity” for consumers, the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) revealed as they shared their findings regarding the payment software. Responses raised potential competition, consumer protection and operational resilience issues.

Regulations 72

Regulations Underserved Authorization Innovation 72

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 Due Diligence 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. The result has been predictable and painful: more reliance on pawn shops and predatory loans.

Shutdown 59

Shutdown Consumer Protection Credit Cards Research 59

The Fintech Times

SEPTEMBER 27, 2024

Recognising a need to reduce the risk for consumers, the FCA proposes that it replace the existing e-money safeguarding regime with a client assets (CASS) style regime designed to work with payment firms’ business models. The FCA has asked for all responses to the consultation by 17 December 2024.

Consumer Protection 59

Consumer Protection Consumer Consulting Payments 59

The Fintech Times

DECEMBER 10, 2024

Recent amendments to the Payment Services Act (PSA) have been made to emulate the European PSD2 regulation as well as introduce open banking-driven services to the Serbian financial market.

Third-Party Service Provider 64

Third-Party Service Provider Compliance API Consumer Protection 64

PYMNTS

OCTOBER 12, 2020

Facebook's proposed global digital currency Libra is expected to get pushback from G7 leaders who are anticipated to publicly oppose the project due to a lack of regulations, according to a Reuters report on Monday (Oct. The draft will be presented on Tuesday (Oct. 13) during a meeting of finance ministers and central bankers from the U.S.,

Regulations 80

Regulations Digital Currency Money Laundering Stablecoins 80

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. The Government wants to see the same level of ambition from other regulators.

Government 52

Government Governance Regulations Consumer Protection 52

PYMNTS

JUNE 19, 2020

A top British financial services regulator Friday proposed new regulations that could help borrowers bracing for the end of consumer protections implemented as COVID-19 bore down on the country.

Regulations 84

Regulations Credit Cards Consumer Protection Authorization 84

The Payments Association

DECEMBER 9, 2024

Cohn believes regulation will impose stricter requirements for organisations to assess and mitigate the potential for algorithmic bias in AI-powered payment systems. If AI systems are not transparent or auditable, it becomes difficult for regulators to assess whether the systems are operating in a manner that protects consumers privacy.

Privacy 88

Privacy Payment Security AI Security 88

The Payments Association

MAY 16, 2025

Merchant-facing regulation: What merchants need to know in 2025 15 May 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? Each section includes an overview of the regulation, the legal and operational risks involved, and the practical actions required to support readiness and ongoing compliance.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

The Payments Association

AUGUST 7, 2024

The PSR's July 2024 report on APP scams highlights growing fraud sophistication and the challenges for financial institutions, stressing the need for improved regulations and consumer protection. Read more

Scams 100

Scams Consumer Protection Regulations Consumer 100