Fintech News

JULY 1, 2024

The evolving global terrorism landscape necessitates regular updates to Singapore’s risk assessments and counter-terrorism strategies given its status as a global financial and business hub Singapore employs a comprehensive, government-wide approach to identify, monitor, and mitigate terrorism financing risks.

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Risk Assessment Assessments Risk Finance 115

PYMNTS

AUGUST 17, 2020

A group that says it represents 850,000 pharmacists in India wants the government to shut down Amazon’s new pharmaceutical delivery service in the country. The letter is addressed to Amazon CEO Jeff Bezos, India Prime Minister Narendra Modi and other government officials in the country.

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Shutdown Legal Framework Legal Governance 100

The Payments Association

DECEMBER 2, 2024

For instance, some platforms delisted certain stablecoins that did not comply with the new regulations, ensuring adherence to the EU’s legal framework. In response to MiCA’s requirements, several crypto exchanges and service providers adjusted their offerings.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

The Payments Association

FEBRUARY 10, 2025

On 6 November 2024, the government released its guidance to organisations on the offence of failure to prevent fraud , introduced as part of the Economic Crime and Corporate Transparency Act 2023 (ECCTA). For companies operating in the UK, understanding the implications of this legislation is critical.

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Crime Fraud Prevention Risk Assessment Due Diligence 88

The Fintech Times

MAY 2, 2025

Hosted at the I nstitute of Directors by the Department for Business and Trade , alongside HM Treasury and the Office for Investment, the event gathered international investors, government officials, fintech founders and trade envoys to reaffirm the UKs ambition to lead on the global fintech stage.

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FinTech Stablecoins Legal Framework Central Bank 64

PYMNTS

JANUARY 26, 2021

When it comes to the Chinese government and its regulators, it’s hard to read the tea leaves. Speaking at a World Economic Forum panel, Yi said the matter was “complicated” and what was needed was a clear legal framework. “I So, payments provider Ant Group ’s much-heralded initial public offering (IPO) could be back on?

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Legal Framework Regulations Central Bank Privacy 95

PYMNTS

JULY 7, 2019

is falling behind: Japan and Switzerland have developed legal frameworks that have attracted cryptocurrency projects and investment. Facebook chose to incorporate the group that will govern Libra in Switzerland.”. The newspaper said “crypto’s backers in Washington say regulatory clarity is vital to the sector’s growth.

Regulations 82

Regulations Legal Framework Cryptocurrency Bitcoin 82

FICO

SEPTEMBER 27, 2017

Centralizing collections in government is therefore a significant opportunity when we focus on the area of non-tax receivables. In fact, government agencies can increase revenue by tens or even hundreds of millions of dollars each year through centralized collection activities. Support for Other Government Entities.

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Governance Government Non-Bank Authorization 49

CoinRemitter

JUNE 30, 2024

Decentralized Autonomous Organizations (DAOs) are at the forefront of the decentralized ecosystem, offering a new way to govern, handle finances, and make informed decisions. Blockchain technology manages the organization, coordinating tasks and governance without needing a central authority. Shareholders vote on big issues.

Governance 40

Governance Government Blockchain Money Laundering 40

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

Fintech Finance

JULY 1, 2024

The digital euro preparation phase is progressing well and we support the ongoing democratic debate on the legal framework for the digital euro,” said Executive Board member Piero Cipollone, who chairs the High-Level Task Force on a digital euro. The digital euro is a common European endeavour.

Legal Framework 98

Legal Framework Money Laundering Online and Mobile Banking Central Bank 98

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.

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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.

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Disputes Small Business Legal Framework Governance 61

Fintech News

JULY 17, 2024

The United States continues to rely on the Bank Secrecy Act (BSA) as the primary legal framework governing AML regulations, with the Financial Crimes Enforcement Network (FinCEN) providing guidance on how these regulations apply to cryptocurrency businesses. The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering 108

Money Laundering Law Enforcement AML Non-Bank 108

Fintech Review

MAY 1, 2025

No matter how disruptive a fintech platform is, it must operate within legal frameworks that are evolving rapidly. Businesses must also demonstrate governance, risk management , and consumer protection from day one. It is no longer enough to innovate. They are foundational requirements for sustainable growth.

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Compliance Regulations FinTech Payment APIs and Integration 59

PYMNTS

DECEMBER 23, 2020

government relations, according to Bloomberg. We support legal frameworks that achieve these goals.”. 15, Esty and other mid-sized Internet companies announced they had formed Internet Works , a coalition they say “will work with Congress to promote the benefits of Section 230, a provision of the Communications Decency Act.”.

Federal Trade Commission 76

Federal Trade Commission Legal Framework Laws FTC 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. Japan and Switzerland have already developed legal frameworks that have attracted cryptocurrency projects and investment. financial system.

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Regs BSA Legal Framework Cryptocurrency 49

PYMNTS

JULY 7, 2019

is falling behind: Japan and Switzerland have developed legal frameworks that have attracted cryptocurrency projects and investment. Facebook chose to incorporate the group that will govern Libra in Switzerland.”. The newspaper said that “crypto’s backers in Washington say regulatory clarity is vital to the sector’s growth.

Regulations 51

Regulations Legal Framework Cryptocurrency Bitcoin 51

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.

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API B2B Payment APIs and Integration Legal Framework 76

Fintech News

JANUARY 17, 2024

To address these issues, the Reserve Bank of India (RBI) took action in 2023 by mandating stricter IT governance and risk controls. This collaboration, while essential, requires careful navigation of legal frameworks to ensure effective and compliant information exchange.

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Deepfake APACS Scams Authentication 124

PYMNTS

JUNE 27, 2016

What that would do, of course, is put bitcoin in a regulatory framework that enables lawmakers to tax, regulate and monitor bitcoin transactions in a way that may give more legitimacy to the concept of the cryptocurrency. For now, there are no specific laws around bitcoin, which means bitcoin is already legal.

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Bitcoin Legal Framework Legal Cryptocurrency 44

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.

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Legal Regulatory Compliance Legal Framework Compliance 59

The Fintech Times

MAY 30, 2025

Simply put, knowledge, says sgeir skarsson , managing director of BSV Association , non-profit organisation, acting as the open-source governing body and global steward of the BSV Blockchain. “Despite innumerable benefits of blockchain technology for businesses, many of them are slow to adopt blockchain technology.

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Blockchain AI Use Case Cryptocurrency 51

PYMNTS

SEPTEMBER 13, 2018

If any recruiter is found to have conducted such activities, we will stop accepting candidate referrals from them and may take legal action against them.” What’s more, Chen said Equifax nor any government investigators have never contacted Ant Financial about the claims.

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Legal Framework Legal Breach Governance 49

Neopay

FEBRUARY 27, 2025

Competent authorities or Member States governments wishing to retain the approach set out in the EBA Guidelines for those PSPs can continue to do so under their national legal framework or supervisory measures.

Risk Management 52

Risk Management Risk Security Legal Framework 52

Fintech Review

JULY 22, 2024

Etherfuse has already begun tokenizing emerging market government debt – “Stablebonds” – with an initial focus on Latin America. Etherfuse has undertaken extensive regulatory efforts in Mexico and aims to use this unique legal framework to establish itself as a leading global platform for compliant tokenized assets.

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Stablecoins Issuers Legal Framework Blockchain 52

PYMNTS

NOVEMBER 4, 2016

” CryptoCoinsNews also reported that a digital currency pyramid scheme in Vietnam led the government to, once again, warn against its citizens using bitcoin. The 500-page, $5,000 applications are an attempt to offer an unequivocal legal framework for businesses to exchange in bitcoin.

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Bitcoin Digital Currency Law Enforcement Legal Framework 76

FICO

MARCH 7, 2023

The EU Sets Out the First Legal Framework for AI Regulation In April 2021, the European Commission and EU member states kicked off a coordinated plan placing Europe on a path to becoming a global leader in cutting-edge, trustworthy artificial intelligence. Less than 20% of AI budgets are being spent on it.

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AI Regulations Legal Framework Non-Bank 52

The Fintech Times

MARCH 23, 2024

Together, they propose a shift in data management and usage, highlighting the distinctiveness inherent in digital representations and advocating for a revised approach to legal frameworks. ” Call to action The need for a more long-term outlook of Government and more private investment is a call to action, says Dr. Wandhöfer.

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Economy Crime Legal Framework Governance 59

PYMNTS

AUGUST 20, 2018

Said prosecutors in their own document announcing the charges: “Burrell’s activities ‘blew a giant hole’ through the legal framework of U.S. By operating an exchange, he was also supposed to report what might have been flagged as “suspicious” activities to the government, noted that publication.

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Money Laundering Bitcoin Legal Framework Laws 41

The Fintech Times

JANUARY 5, 2024

For businesses seeking to allay these fears and develop safe, accountable AI solutions, effective governance is essential.” We can also expect major updates to compliance frameworks with responsible and acceptable AI use policies becoming commonplace.” appeared first on The Fintech Times.

AI 75

AI Database Financial Crimes Compliance 75

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. The 2020 ballot question would exempt them, and other gig economy firms, from AB 5.

Economy 65

Economy Laws Legal Framework Legal 65

The Fintech Times

JUNE 6, 2024

The platform now includes a governance and legal framework, tailored to its decentralised nature, enabling real-value transactions and compatibility with the Ethereum Virtual Machine. In 2022, a pilot involving real-value transactions demonstrated the platform’s capabilities.

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Participant Distributed Ledger Technology (DLT) Cross-Border Payments CBDC 45

Stax

FEBRUARY 5, 2024

This surcharge covers costs associated with adopting and maintaining government-mandated sustainable practices. Governments impose regulations to protect the public’s interests and promote fair corporate practices. Review legal frameworks to protect consumers from unfair surcharging practices. Regulatory surcharge.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

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. Ensuring models are adequately supported by degrees of freedom to prevent overtraining.

AI 52

AI Legal Framework Risk Compromise 52

Neopay

JULY 18, 2024

Anti-Money Laundering Risk: According to the Basel Institute of Governance, the global anti-money laundering risk averaged 5.25 The European Union’s 6th Anti-Money Laundering Directive (6AMLD) has enhanced the legal framework, increasing penalties and expanding the scope of predicate offenses.

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Money Laundering AML Cryptocurrency Crime 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 Governance Government Legal Framework 59