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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Navigating AML obligations in the age of virtual IBANs February 10 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The compliance challenges of virtual IBANs, focusing on AML obligations and regulatory gaps. Why is it important? Previous slide Next slide What are vIBANs?

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Ripple and OpenPayd partner to deliver enterprise-ready stablecoin and payment infrastructure

The Payments Association

Through the partnership, OpenPayd’s global fiat infrastructure, including real-time payment rails, multi-currency accounts and virtual IBANs, will support Ripple Payments into EUR and GBP. This solution supports a wide range of use cases, including cross-border payments, global treasury management, and streamlined access to U.S.

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LSEG Risk Intelligence Deploys Account Verification to Tackle Payment Fraud

Fintech News

LSEG Risk Intelligence has launched its Global Account Verification (GAV) service in Asia-Pacific and Europe, the Middle East, and Africa, expanding efforts to enhance security in cross-border payments. By October 2025, Eurozone providers must conduct mandatory account name-IBAN checks for transactions.

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Stablecoins to streamline Cross Border Payments

Finextra

Market Size Value of cross-border payments is estimated to reach a minimum $ 250 trillion by 2027. 60% of corporate banks agree that cross-border real-time payments infrastructure brings a revenue opportunity. 42% Global cross-border e-commerce is to reach USD 3.4

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PayFuture Granted Full Approval for EU EMI License

Fintech Finance

PayFuture can offer instant, direct SEPA and SWIFT access, issue e-money, provide IBAN accounts along with a broader suite of localised payment solutions. These capabilities will help merchants streamline their international transactions, reduce friction in cross-border payments, and accelerate growth in new regions.

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Singapore Fintech Finmo Expands into UK with New Payment License

Fintech News

The license permits Finmo to issue electronic money, process domestic and international fund transfers, offer foreign exchange services, and issue IBANs. It also allows the company to hold safeguarded client funds in the UK and connect directly to local clearing systems, including Faster Payments and CHAPS.

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Treasury and Payments Platform Finmo Enhances Transaction Security with Confirmation of Payee Rollout in Australia

Fintech Finance

The licence authorises Finmo to issue e-money, provide domestic and cross-border payments, and offer FX services, while enabling direct access to UK clearing systems and the ability to issue IBANs and safeguard client funds locally.