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Vietnam to Launch Two-Year Sandbox for P2P Lending, Data Sharing

Fintech News

While domestic fintechs and credit institutions may apply to join, participation in the sandbox does not guarantee future regulatory approval once permanent legal frameworks are introduced. The pilot is expected to guide future legislation while ensuring consumer protection in Vietnams growing fintech ecosystem.

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Navigating legal uncertainty: How the Digital Assets Bill could impact PSPs

The Payments Association

It is advised that firms ensure their custody arrangements, contracts and terms of service are aligned with these legal definitions in the interest of avoiding disputes while strengthening consumer trust. Most notably, the three areas are contractual uncertainty, asset recovery challenges, and consumer claims.

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Is 2025 Finally the Year for Open Finance in Southeast Asia?

Fintech News

Instead, open finance development is being driven by market forces, including consumer demand, fintech innovation, and competitive pressures among financial institutions. Vietnam, though still lacking a legal framework for open banking, has seen progress through initiatives by individual banks.

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Reflecting on 2024: A transformative year in payments regulation

The Payments Association

2024 reshaped payments with instant payment mandates, crypto regulations, and enhanced consumer protection driving innovation and security. In 2024, payments regulation underwent seismic shifts, with reforms spanning fraud prevention, digital innovation, and consumer protection, collectively redefining the industry’s future.

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APP fraud: Mid-year review

The Payments Association

It assesses whether the new policy is effectively protecting consumers and reducing fraud, while also highlighting ongoing challenges and debates about a broader, cross-sector approach to tackling APP fraud. Authorised push payment (APP) scams remain one of the most devastating forms of financial fraud affecting UK consumers.

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The GENIUS Act Passes: 4 Things This Means for Banks and Fintechs

Finovate

The GENIUS Act, however, offers both banks and fintechs a clearer legal framework to issue and use stablecoins since it outlines requirements for licensing, reserves, and oversight. Because of this, many traditional financial institutions in the US have shied away from associating themselves with stablecoins.

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5 Global Trends That Banks Can’t Ignore in H2 2025

Finovate

The CFPB is pulling back from Section 1033 and JPMorgan revealed to data aggregators that it plans to increase the cost for them to pull consumer data. Jurisdictions like the EU, Hong Kong, and Singapore are starting to define legal frameworks for tokenized financial products. Regulatory clarity is also beginning to transpire.