Fintech News

JULY 17, 2024

Transfers Just Under Reporting Thresholds The report highlights noticeable surges in transfers just below the US$1,000, US$3,000, and US$10,000 thresholds. These thresholds align with various regulatory reporting requirements, suggesting that some actors may be structuring payments to avoid triggering additional scrutiny.

Money Laundering 106

Money Laundering Law Enforcement AML Non-Bank 106

The Fintech Times

JULY 31, 2024

“Issues such as data privacy, cross-border transactions, and adherence to stringent anti-money laundering (AML) protocols require constant vigilance and adaptation. Collaborative efforts between industry leaders and regulators are essential to streamline compliance processes without stifling innovation.”

Compliance 64

Compliance AML Regulations Due Diligence 64

FICO

JULY 23, 2018

To date, reporting of authorised push-payment fraud has been ad-hoc and generally doesn’t involve reporting to any formal body. The fraud reporting requirements of PSD2 mean that PSPs must overhaul their processes and be ready to report fraud by January 2019.

Authentication 45

Authentication Payer Payments Real Time Payments 45

The Payments Association

OCTOBER 23, 2024

Firms with agents or distributors may require additional liquidity for safeguarding. Firms may be required to diversify their safeguarding providers. Enhanced reconciliation, audit, and reporting requirements will create additional administrative burdens and could increase the risk of supervisory and enforcement action.

Rules 88

Rules Payments Institute Authorization Reconciliation 88

FICO

OCTOBER 26, 2017

As a result, financial institutions had to set up new processes, and most of the software vendors did not enhance their FATCA compliance solutions to cover the CRS reporting requirements. CRS reporting is more of a regional topic (e.g., is the customer living and working cross-border). Life did not get easier.

Compliance 53

Compliance IRS Agreements Audit 53

Nanonets

JUNE 29, 2023

Top features: Rewards and incentives in the form of cashbacks Easy-to-use cards, spend limits, approval flows, vendor payments Average savings of 3.5% As an expense management software, Nanonets stands apart from its competitors with its unique features and capabilities.

Payment APIs and Integration 52

Payment APIs and Integration Automation Credit Cards Online and Mobile Banking 52

Nanonets

JANUARY 17, 2024

This isn't a trend limited to the finance or tech sectors; it's a cross-industrial movement. From the sprawling conglomerates to the bustling startups, businesses across industries are jumping on the expense management bandwagon.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

The Payments Association

APRIL 14, 2025

Related links: Financial promotion rules for cryptoassets Financial promotions data 2024 Top regulatory priorities for the payments sector Mandatory adoption of ISO 20022 for cross-border payments (final preparations Q2) The transition to ISO 20022 for cross-border payments is a fundamental shift in global financial messaging standards.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Finovate

FEBRUARY 7, 2025

The investment in Nuj comes as regulatory reporting requirements and calls for increased transparency for superannuation funds are growing. B2B cross-border trade payment platform Xtransfer teamed up with pan African bank Ecobank. The company’s platform is used by institutions such as MUFG, AMP, and Equity Trustees.

Payment APIs and Integration 65

Payment APIs and Integration API Non-Bank Compliance 65