Fintech News

JANUARY 17, 2024

The digital economy in Southeast Asia, projected to hit US$100 billion, is a double-edged sword. This collaboration, while essential, requires careful navigation of legal frameworks to ensure effective and compliant information exchange. It brings prosperity but also makes the region a cyberattack hotspot.

Deepfake 125

Deepfake APACS Scams Authentication 125

PYMNTS

APRIL 12, 2019

. “If the data controller implicitly trusts a data processor simply because there is a consistent legal framework in place, criminal abuse of trust will always take place.”

Cybersecurity 77

Cybersecurity Data Breach Breach Legal Framework 77

PYMNTS

APRIL 1, 2020

Spending at darknet markets declined during the past two months even with a drop in the price of the digital currency, per Chainalysis data, as the coronavirus pandemic has impacted every part of the global economy, CoinDesk reported. Darknets are websites that facilitate the sale of products such as counterfeit currencies.

Bitcoin 64

Bitcoin ATM Legal Framework Digital Currency 64

The Fintech Times

JANUARY 31, 2025

Despite starting later in the oil and gas game compared to its Gulf Cooperation Council (GCC) neighbours, Oman has successfully transformed its economy, aligning with the broader development trajectory of the Arabian Gulf region.

FinTech 64

FinTech Non-Bank Legal Framework Central Bank 64

The Fintech Times

MARCH 23, 2024

Addressing these issues head-on is From Fintech to Ubiquitech: Accelerating the wider UK Digital Economy, a new report authored by a working group led by Dr. Ruth Wandhöfer. “Digitisation, automation, digital currencies and payments, AI as well as the pandemic all have changed the face of the UK economy,” she says.

Economy 59

Economy Crime Legal Framework Governance 59

Fintech Finance

FEBRUARY 15, 2024

It is necessary to authenticate an extensive range of documents across diverse formats which can include PDFs, images or scans which originate from multiple countries with unique legal frameworks and documentation standards.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Verification AI 52

Finovate

JUNE 21, 2024

We are excited to leverage this financing round to continue to expand and strengthen our offerings to empower more stakeholders across Mexico’s economy.” Ethiopia’s cabinet approved a legal framework for CBDCs. South African fintech Ukheshe rebranded as EFT Corporation.

Financial Inclusion 64

Financial Inclusion Payment APIs and Integration Legal Framework Cross-Border Payments 64

Neopay

JULY 18, 2024

Money laundering is a pervasive issue, affecting economies and societies worldwide. The European Union’s 6th Anti-Money Laundering Directive (6AMLD) has enhanced the legal framework, increasing penalties and expanding the scope of predicate offenses.

Money Laundering 52

Money Laundering AML Crime Cryptocurrency 52

FICO

SEPTEMBER 27, 2017

There are many reasons to centralize collection operations: Economies of Scale. Typically, only the tax agency has sufficient debt to get the economies of scale needed to optimize collection operations. Below is a list of key items to support this function: Single Legal Framework. So Why Centralize?

Governance 49

Governance Government Non-Bank Authorization 49

The Fintech Times

JULY 2, 2024

Also, I think there’s no question that Latin America is particularly important now in the global investor economy with the growth of nearshoring making it more attractive for investors, particularly in the United States. There are political shifts, economic reforms, and efforts to modernise outdated legal frameworks.

FinTech 59

FinTech Cross-Border Underserved Legal Framework 59

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 Governance Government Legal Framework 59

CoinRemitter

JUNE 30, 2024

Legal and Regulatory Challenges of DAOs Legal Status: Current legal frameworks struggle to categorize DAOs. While DAOs can’t replace the traditional corporate governance model overnight, they offer a great alternative, especially in the booming digital economy. This creates confusion.

Governance 40

Governance Government Blockchain Money Laundering 40

Basis Theory

OCTOBER 1, 2024

It’s hard to argue the role PCI compliance plays in today’s digital economy. Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. Typically, these fines range from around $5,000 to $100,000.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Segpay

MAY 1, 2024

DORA entered into force on January 16th, 2023, and its legal implementation deadline is January 17 th , 2025. 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).

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

PYMNTS

JANUARY 15, 2021

But those same payments mechanisms must be in compliance with various regulatory and legal frameworks. They will want to be part of those transactions – crossing gig economy , shared economy and other platforms that can have global reach across long-tail markets (and even the smallest of merchants).

Stablecoins 101

Stablecoins OCC Regulations Office of the Comptroller of the Currency 101

CB Insights

OCTOBER 26, 2020

In April 2018, Spotify did just that and demonstrated how the emergence of tech as a major driver of the economy’s returns could one day reshape the way all companies go public. For this work, the underwriting bank can make tens of millions from an IPO — whether or not the stock performs well.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

Fintech News

FEBRUARY 2, 2025

Indonesia has emerged as an attractive destination for digital businesses in Asia-Pacific (APAC), showcasing a strong and expanding digital economy. By 2030, this value is projected to soar to US$200-360 billion, solidifying the countrys position as Southeast Asias biggest and most dynamic digital economy. Finally, Law No.

AML 113

AML Due Diligence Money Laundering Legal Framework 113

The Payments Association

MAY 14, 2025

Banks in developed economies are reducing their exposure to institutions in high-risk jurisdictions, she noted, leaving those players cut off and often reliant on less-regulated alternatives. But as Paul Palmer pointed out, safety in real-time payments isnt just a legal question. Chief among them is de-risking.

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. “We are proud to share our expertise in KYC, AML, and global compliance standards, and we look forward to supporting Vietnam in building a resilient, secure, and dynamic crypto economy.”

Regulations 55

Regulations AML Legal Framework Money Laundering 55

The Fintech Times

JANUARY 18, 2025

Ensuring these groups can fully participate in the digital economy is essential to creating an inclusive financial ecosystem. “Additionally, navigating regulatory complexity can hinder efforts to scale impact, particularly across regions with diverse legal frameworks.

FinTech 59

FinTech Financial Inclusion Underserved Cybersecurity 59

Fintech News

FEBRUARY 11, 2025

So, how can the economies in this region harness the benefits of AI while ensuring ethical use, data security, and fairness? Rather than imposing a rigid legal framework, the U.K.s Japans Ministry of Economy, Trade, and Industry has released the Governance Guidelines for AI , emphasising transparency and human oversight.

AI 120

AI Regulations APACS Consumer Financial Protection Bureau (CFPB) 120