Open Banking Excellence

SEPTEMBER 27, 2024

Statistics about Financial Inclusion and FinTech in Mexico To introduce the OBE community to the opportunities in this emerging ecosystem, we have collected key statistics and insights to show the benefits Open Banking can bring to Mexico`s society, government, and economy. In 2023, the Fintech landscape experienced notable growth.

Financial Inclusion 147

Financial Inclusion Laws FinTech Regulations 147

PYMNTS

APRIL 28, 2019

Blockchain got a boost last week after the Ohio House Of Representatives introduced a bill that would let state government agencies use blockchain technology. If the bill passes, government agencies in Ohio could use blockchain for recording car titles or tracking hunting licenses online, noted the report.

Blockchain 59

Blockchain Legal Framework Bitcoin Cryptocurrency 59

PYMNTS

NOVEMBER 2, 2018

Australia’s new government entity, designed to support small businesses (SMBs) claiming mistreatment by their banks, has opened its doors, reports in Smart Company said this week.

Disputes 61

Disputes Small Business Legal Framework Governance 61

Fintech News

JULY 17, 2024

The HKMA concluded that the bank failed to continuously monitor business relationships, conduct enhanced due diligence in high-risk situations for a period, and maintain proper records for some customers. As the cryptocurrency ecosystem continues to evolve, so too must the strategies to prevent its exploitation for illicit purposes.

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

Fintech News

JANUARY 17, 2024

As the financial industry continues to evolve, so do the tactics fraudsters employ. To address these issues, the Reserve Bank of India (RBI) took action in 2023 by mandating stricter IT governance and risk controls. Regulators also have a crucial role in implementing more balanced liability frameworks.

Deepfake 125

Deepfake APACS Scams Authentication 125

PYMNTS

JULY 6, 2020

While much of the legal framework has come from European Union (EU) regulators, it is a loose alliance of financial institutions (FIs), heavy-duty tech players and nimble FinTechs making breakthroughs. And as for all the press they get, APIs have an awareness problem to overcome.

API 76

API B2B Payment APIs and Integration Legal Framework 76

PYMNTS

SEPTEMBER 2, 2019

3 hearing advises that system-wide governance should be established to regulate virtual asset service providers (VASPs), CoinTelegraph reported Monday (Sept. Although regulation could make it hard for some crypto firms to continue operations, Murray said it’s not the BSA’s job to accommodate everyone. financial system.

Regs 49

Regs BSA Legal Framework Cryptocurrency 49

Fintech Finance

MAY 7, 2025

Early on, her sharp legal acumen led her to transition into a distinguished legal career, first as a lawyer at the law office, then the central bank, and then into managerial legal roles at major financial institutions. Over six years, she built the company’s legal and compliance function from the ground up.

Legal 59

Legal Regulatory Compliance Legal Framework Compliance 59

PYMNTS

NOVEMBER 4, 2016

First, some positive news: Bitcoin’s upward pricing trend continues, more or less. Suspicions, backlogs and new competition threaten to throw some digital wrenches in continued growth. These new warnings are a clear continuation of that trend. It’s been a varied week for bitcoin.

Bitcoin 76

Bitcoin Digital Currency Law Enforcement Legal Framework 76

Neopay

FEBRUARY 27, 2025

It is important to note that security and operational risk management requirements under the Payment Services Directive (PSD2), which are applicable since March 2018, continue to apply to other types of payment service providers (PSPs), such as post-office giro institutions and credit unions, that are not covered by DORA.

Risk Management 52

Risk Management Risk Security Legal Framework 52

The Fintech Times

JANUARY 5, 2024

To kick off 2024, The Fintech Times is exploring how the world of AI may continue to impact the fintech industry and beyond throughout the coming year. David Sewell , CTO, Synechron , the financial services digital transformation consulting firm explains: “Advanced AI will continue to offer businesses new ways to innovate and grow.

AI 75

AI Database Financial Crimes Compliance 75

Neopay

JULY 18, 2024

Anti-Money Laundering Risk: According to the Basel Institute of Governance, the global anti-money laundering risk averaged 5.25 Europe, for example, continues to lead in the implementation of stringent AML regulations. In the United States, the Anti-Money Laundering Act (AMLA) of 2020 continues to influence regulatory practices.

Money Laundering 52

Money Laundering AML Crime Cryptocurrency 52

FICO

MAY 13, 2021

Last month, the European Commission issued a new legal framework for AI , designed to make the European Union a centre of excellence for trustworthy AI. Having a documented model development governance process. Continuous monitoring (which many organizations ignore).

AI 52

AI Legal Framework Risk Compromise 52

PYMNTS

SEPTEMBER 11, 2019

West said Uber intends to follow AB 5 should it be put into law next year, but that it will continue to try to prove that it doesn’t fall under its legal framework. Lyft spokesperson Adrian Durbin had slightly more pointed words about the new law.

Economy 65

Economy Laws Legal Framework Legal 65

The Fintech Times

JULY 2, 2024

There are political shifts, economic reforms, and efforts to modernise outdated legal frameworks. Also, in fintech and various other industries, regulatory frameworks governing digital payments, cybersecurity, and data privacy can differ vastly across borders within the region.

FinTech 59

FinTech Cross-Border Underserved Legal Framework 59

PYMNTS

JUNE 10, 2020

The surge in national interest and demand for digital alternatives to traditionally paper-based notary services led to greater consumer awareness and inspired a wave of legislation governing how those services should enforce digital notarization processes’ anti-money laundering/know your customer (AML/KYC) aspects.

Legal 52

Legal Money Laundering On-Demand Legal Framework 52

Fintech Review

APRIL 26, 2024

To enable us to become a more attractive proposition, Uzbekistan improved process and governance including implementing appropriate legal frameworks and financial resources for entrepreneurship and investment, as well as creating ample opportunities for investors and increased transparency in the investment process.

FinTech 59

FinTech Government Governance Legal Framework 59

The Fintech Times

OCTOBER 10, 2024

By cracking down on unlicensed operations, VARA aims to protect investors and uphold international standards for virtual asset industry governance. With 23 consecutive monthly snapshots published, OKX continues to advocate for improved reporting standards within the industry.

Cryptocurrency 52

Cryptocurrency Risk Management Blockchain Legal Framework 52

PYMNTS

APRIL 28, 2017

For the foreseeable future, cybercriminals could continue to raise their price target — just so long as they continue to get paid. As for what’s next, Haley said that cybercriminals will continue to leverage whatever works to disrupt or score cash. is the number one target.”. And so far, there’s no price ceiling.

Ransomware 62

Ransomware End User Crime Authentication 62

Segpay

MAY 1, 2024

Its legal framework is designed to enhance the operational resilience of all digital service providers, including payment service providers (PSPs), that operate in the European Union (EU). The Act will help regulators to identify and investigate financial crime more effectively.

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

Global Fintech & Digital Assets

FEBRUARY 26, 2024

The Consultation Paper comes shortly after the Financial Services and the Treasury Bureau and the HKMA issued a consultation paper in December 2023 outlining their legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (see this Latham blog post ).

Consulting 52

Consulting Regulations Distributed Ledger Technology (DLT) Stablecoins 52

Segpay

APRIL 1, 2025

Governments worldwide have become aware of the need to protect minors from accessing age-restricted content, products and services. While their goals align, their approaches and legal frameworks differ. France and the United Kingdom have implemented strict age verification regulations to address this issue.

Verification 45

Verification Regulations Privacy Online and Mobile Banking 45

PYMNTS

JANUARY 8, 2018

China continued its crackdown on the cross-border exodus of funds, and the world got to meet the middleman and Forever 21 got hacked. He did that by revoking the Cole memo (and two other associated memos) that provided a legal framework for the sale of cannabis in the States. And that was just Tuesday. attorney generals.

Tax Refunds 42

Tax Refunds Scams Legal Wire 42

Basis Theory

OCTOBER 1, 2024

Nearly 20 years later, with more than 300 requirements and sub-requirements, PCI DSS continues evolving. Such entities include: Merchants include "any entity that accepts payment cards bearing the logos of any of the five members of PCI Security Standards Council" (PCI SSC, the organization that governs and enforces PCI DSS).

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Finovate

JANUARY 24, 2025

The regulatory landscape for fintechs and financial services companies operating in the European Union is expected to undergo significant changes this year, with new standards, guidelines, and rules governing payments, data privacy, digital assets, and more. The EU AI Act passed in 2024.

Regulations 72

Regulations FinTech BNPL Cross-Border 72

Segpay

AUGUST 20, 2024

As the digital world continues to expand and the young and the old spend an increasing number of hours online, governments around the globe are taking rigorous steps to make the internet a safer environment for minors. The Chinese communist government has implemented some of the strictest measures worldwide.

Verification 105

Verification Laws Legal Privacy 105

Clearly Payments

FEBRUARY 8, 2024

The payment landscape in the United States is intricate, continuously evolving to accommodate innovations and meet the changing demands of consumers. To ensure the smooth operation of this system and protect the interests of all stakeholders, a robust regulatory framework is in place.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

Segpay

MARCH 20, 2024

Regulatory Compliance Challenges Deploying generative AI in banking is subject to a complex regulatory landscape governed by stringent data protection, consumer privacy, and financial regulations.

AI 111

AI Privacy Non-Bank Fraud Detection 111

CB Insights

OCTOBER 26, 2020

from ICOs worldwide, and the growth continued into the early months of 2018. Top banks are still struggling to achieve pre-pandemic levels of advisory fees for M&A activity as their clients continue to wrestle with the ongoing economic fallout. In 2017, startups raised $5.6B Source : ETF.com.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

Nanonets

OCTOBER 27, 2024

“Continue the story after the words "The trees, the mountains and the rivers cried."”  Moral Implications: Even in the absence of legal frameworks, many people have a moral compass that dictates what is right and wrong.

Laws 52

Laws Crime Returns Legal 52

Fintech News

JANUARY 7, 2025

Officers will assess specific factors, including whether the victim is still in communication with scammers, has transferred funds, or continues to believe the scammer, before issuing an RO. These orders will initially last 30 days and can be renewed up to five times if necessary.

Scams 113

Scams Accounts Legal Framework Non-Bank 113

The Payments Association

MAY 14, 2025

At The Payments Associations cross-border working group’s recent webinar, Rewiring the Cross-Border Payments Paradigm: Risk and Security in Correspondent Banking Confirmation , a panel of experts from fintech, banking, legal, and regulatory backgrounds explored how emerging tools and frameworks are reshaping the industry.

Cross-Border Payments 88

Cross-Border Payments Correspondent Bank Cross-Border Correspondent 88

The Fintech Times

APRIL 22, 2025

Both parties explored how Vietnam could establish a legal framework for crypto assets. In the meeting, Minister Nguyen Van Thang outlined the government’s plan to launch a pilot sandbox mechanism that will allow regulators to test the issuance and trading of crypto assets in a controlled environment.

Regulations 55

Regulations AML Legal Framework Money Laundering 55

Fintech Review

JANUARY 29, 2025

Clients seek assurance that their trading partner operates within strict legal frameworks, and this licence provides precisely that. From its thriving startup scene to government-backed accelerators, the city actively supports innovation. A Foundation for Technological Growth Regulation isnt a barrier for us its an enabler.

Innovation 52

Innovation Security Legal Framework AML 52

The Fintech Times

JANUARY 18, 2025

. “Fintechs must navigate regulatory frameworks that often lag behind innovation, ensuring compliance without compromising accessibility. Collaboration with governments and NGOs can help fintechs expand their reach responsibly and effectively.” Compliance must be achieved without stifling innovation.

FinTech 59

FinTech Financial Inclusion Underserved Cybersecurity 59