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

The Payments Association

Operational adjustments To address the implications of the Bill and the regulators crypto-regulatory roadmap, PSPs will need to make significant operational adjustments, including enhanced due diligencethe proposals for admissions and disclosures (A&D) and market abuse regimes (MARC).

Legal 88
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Offering Merchants More Control: Juspay Launches Hyperswitch Alongside US Expansion

The Fintech Times

Juspay is creating a solution which is truly interoperable with the global payments ecosystem that puts businesses in control of their payments strategy. Understanding Hyperswitch Engineered as the ‘Linux for Payments,’ Hyperswitchs open-source nature ensures full visibility, faster integrations, and seamless due diligence.

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Myth or Reality? Unlocking Bank ID in the UK

Open Banking Excellence

It has the potential to quickly gain ubiquity at low cost, as it is based on the comprehensive customer due diligence checks already applied by banks to their 50 million customers. Banks spend around 5% of their revenue on AML compliance and customer due diligence (CDD). Sweden’s BankID – a precedent to follow?

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CCRManager Raises Funding For Corporate Trade Finance Option

PYMNTS

He said companies will be able to utilize interoperability with other companies utilizing the company’s services. This is especially true as trade finance is often cut from budgets as banks look to limit risk and cut out costly paper procedures and due-diligence requirements.

Finance 69
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How Blockchain Tech Could Disrupt Real Estate

CB Insights

Due Diligence and Financial Evaluation Process. We consider several areas that could benefit from the use of blockchain technology below, from due diligence to financing systems. Due Diligence and Financial Evaluation Process. These factors can be costly and slow down the due diligence process.

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FinTech Has Yet To Make Impact On Trade Finance Gap

PYMNTS

More than reducing cost, FinTech needs to deliver an enhanced capability for financial institutions to conduct due diligence on [Ministry of Micro, Small and Medium Enterprises] MSMEs before it can play a role in reducing gaps,” Beck said in a statement earlier this month.

Finance 51
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Understanding Crypto Money Laundering, and How to Get a Handle on It

Fintech News

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. In January 2024, nearly US$234 million in illicit inflows were recorded moving through bridges – the highest value to date.