This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Evolving moneylaundering risks for EMIs: Insights from the upcoming NRA 18 July 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The UK 2025 National Risk Assessment’s decision to reclassify e-money institutions (EMIs) as high risk for moneylaundering and terrorist financing.
This surge highlights the increasing demand for stability and reliability in digital payments. The company emphasises the inherent volatility of cryptocurrencies like Bitcoin and Ethereum as a driving force behind this decision. dtcpay has a strong track record of innovation and achievement in the fintech sector.
Its latest enhancements include an enhanced architectural redesign to meet high-throughput transaction screening demands, ongoing support for additional integrations as organizations support new payment messages, and a redesigned user interface to accommodate complex workflows and accelerate review times for different payment messages.
This comes as manual and in-house verification struggle to meet the crypto industry’s fast-paced demands. According to a new report by Sumsub, crypto fraud rates declined by a remarkable 23% between 2023 and 2024, positioning APAC as a leader in combating crypto fraud. in 2023 to 2% in 2024. in verification times.
Its latest enhancements include an enhanced architectural redesign to meet high-throughput transaction screening demands, ongoing support for additional integrations as organizations support new payment messages, and a redesigned user interface to accommodate complex workflows and accelerate review times for different payment messages.
At the Digital Future Forum, Visa’s experts highlighted key trends set to redefine Vietnam’s payment landscape by 2025: Real-Time and Account-to-Account Payments: Consumers and businesses demand faster, more efficient payments. The Digital Future Forum highlighted the evolving preferences and behaviors of Vietnamese consumers.
As much as three-quarters (72 per cent) of regulated companies feel overwhelmed by current anti-financial crime compliance demands; according to the latest study by digital compliance and anti-moneylaundering (AML) solution provider SmartSearch.
“A compliance policy is only as strong as the infrastructure that delivers it” That’s how Baran Ozkan, Co-Founder and CEO of Flagright, summed up the latest anti-moneylaundering (AML) storm that hit Singapore. Nine financial institutions, including UOB , Credit Suisse , and UBS , were collectively fined SGD $27.45
Remittance companies have leveraged these technologies to enhance anti-moneylaundering (AML) controls, identifying high-risk users at the earliest stages and reducing both fraud rates and compliance costs. Toward a Smarter, Safer Future The evolution of fraud tactics demands a corresponding evolution in defense.
Despite these advancements, many firms still rely on outdated payment systems and technologies that cant meet the market’s growing demands. As digital assets continue to gain traction, payment networks must evolve to accommodate rising transaction volumes, evolving regulatory frameworks, and the growing demand for real-time settlement.
According to the Bank of England, RTGS settles approximately £500 billion between banks each day—around a quarter of the UK’s annual GDP—in sterling central bank money. It replaces the legacy RTGS system, offering enhanced capabilities to meet today’s financial ecosystem demands. Why is it important?
SEON will continue to focus on meeting the needs, preferences, and demands of clients and users in an ever-evolving market, while prioritising the process of remaining compliant with the regulatory requirements and laws of the industry as well.
In doing so, they risk missing the core innovation that digital money promises: the ability to transfer value directly, securely, and potentially without the need for intermediaries. CBDCs that allow authorities to track money not only when it moves but also when it remains stationary undermine trust.
While vIBANs offer innovation in payment systems, they introduce risks like moneylaundering due to insufficient oversight. However, their rapid adoption has raised concerns about regulatory oversight, particularly concerning anti-moneylaundering (AML) compliance. Why is it important? What’s next?
In response, regulatory bodies like the Financial Conduct Authority are tightening anti-moneylaundering (AML) and counter-terrorism financing (CTF) measures, levying steep penalties for non-compliance. This urgency often leads organisations to choose vendors who claim to deploy solutions swiftly to meet compliance demands.
New crypto regulations came into effect, introducing requirements relating to anti-moneylaundering (AML) and countering the financing of terrorism (CFT) and financial stability, and reflecting Singapores commitment to fostering innovation in the crypto and tokenization space.
Lynx Tech introduces its next-generation anti moneylaundering (AML) screening solution, designed to help financial institutions identify high-risk individuals and entities with accuracy and speed. Offers adaptable watchlist management, enabling business users to modify screening logic in real time.
It also demands stronger verification steps before approving transactions. AML stands for Anti-MoneyLaundering. Banks and payment providers must follow these rules to stop moneylaundering and terrorist financing. They want to know that their personal and financial data is secure.
This is especially important as consumers demand more clarity and accountability from financial service providers. Improved Fraud Prevention & Compliance PSD3 will tighten controls on remote onboarding, with stricter anti-moneylaundering (AML) protocols to combat rising cyber threats.
DTSPs are also subject to stricter anti-moneylaundering and counter-terrorism financing obligations. This new chapter demands real infrastructure: compliance teams, AML protocols, KYC checks, capital buffers, and transparen t reporting. From the U.S. What’s driving this hard stance?
We are seeing strong adoption and demands for wallets like PayPal, Alipay, and WeChat Pay as they have evolved from basic payment tools to comprehensive financial ecosystems. Some people might find this unexpected, but as digital wallets become more common, it makes sense for companies involved in payments to embrace them.
Your users can: Load money via card, bank, or cash agents Pay merchants or peers directly Set up recurring utility payments Use QR codes, NFC, or biometric verification for transactions In short: It behaves like a bank account with embedded superpowers, making it ideal for unbanked users, rural markets, and ecosystems where banks are slow to reach.
FinScan , an anti-moneylaundering (AML) compliance solution provider, has enhanced its payment screening solution in a move to support faster, frictionless payment operations across the globe.
Like most business owners, your instincts tell you to hop on the bandwagon and launch an online store for your business. But launching your eCommerce store is just half the equationaccepting payments efficiently and effectively is a whole different ball game. Its like a duck floating on water.
The move reflects growing demand from sectors like crypto and supports faster deployment of fintech products globally. The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 15 July 2025. Raul Villar Jr., Investors include Idékapital, Shine Capital, Investinor and Sequoia.
However, PSPs must ensure their systems and processes support this capability, which may involve implementing blockchain analytics tools and strengthening compliance with anti-moneylaundering (AML) and counter-terrorist financing (CTF) regulations. Why is it important?
On the risk and operations side, common uses include fraud detection, anti-money-laundering pattern detection, credit risk scoring and trading optimization. Across the globe, countries are embracing AI at vastly different speeds, with Asia and the Middle East taking the lead in enterprise adoption, while the U.S. About 64% of U.S.
However, a pressing issue demands our collective attention: the de-risking practices that are inadvertently crippling legitimate money service businesses (MSBs) and empowering black-market alternatives. By undermining regulated channels, de-risking paradoxically amplifies the very threats it aims to mitigate.
Users expect intuitive digital experiences, but also demand reliability and protection. Key regulatory areas include customer onboarding, data protection, anti-moneylaundering (AML), and transaction monitoring. These included cloud accounting, SME lending dashboards, invoicing tools, and payment portals.
As the fintech industry continues to grow and evolve, so do the demands for regulatory compliance. Fintech compliance is an increasingly important aspect of the financial industry. The new tool reduces ‘false positives’ by an average of 50%, while enhancing customer on-boarding experience.
Identity Fabrics: The Modern Solution To address these growing demands, more institutions are embracing the notion of identity fabrics. From retail apps offering one-click loans to HR platforms integrating earned wage access, the experience is fast, seamless, and invisible. billion by 2029. The growth is global, and accelerating.
. “We are excited to work alongside the Napier AI management team and are thrilled to support the companys vision of helping more enterprises effectively and efficiently put a halt to moneylaundering activities.” ” The U.K.-based Register today using this link and save 20% on your ticket.
Businesses must proactively assess fraud risks, implement adequate procedures, leverage technology for fraud detection, and foster a culture of compliance to avoid regulatory penalties. This legislation represents a significant shift in corporate accountability, aiming to strengthen the UKs legal framework against financial crime.
The new offering arrives as the demand for cross-border payments increases and is set to help the market reach its estimated forecast of $320trillion by 2032. This ensures businesses and consumers benefit from faster processing times so consumers receive their money when and where they need it.
Digital fraud prevention company SEON is launching its expanded Anti-MoneyLaundering (AML) Compliance suite, introducing a range of AI-powered capabilities to provide enhanced support to fraud and compliance teams. It also boasts AI-assisted customer screening that helps analysts resolve hits faster.
In this data-driven economy, risk assessment demands more than simply evaluating whether a customer will pay their bills. Traditional credit reports provide a valuable foundation, but they’re no longer enough on their own. Today’s business environment is far more complex and fast-moving than in the past.
Users expect intuitive digital experiences, but also demand reliability and protection. Key regulatory areas include customer onboarding, data protection, anti-moneylaundering (AML), and transaction monitoring. These included cloud accounting, SME lending dashboards, invoicing tools, and payment portals.
These two industries have a high demand for payment services, making it easier for new payment institutions and e-money startups to gain a foothold in the market. This specialised, experienced workforce does business in English — one of the countrys two official languages alongside Maltese. Malta is also an e-commerce and igaming hub.
Strategic modernisation through modular, API-first architecture enables a phased, agile response to compliance demands. Increased regulatory expectations may challenge business models that rely on agents, distributors, or e-money float optimisation.
Todays world demands resourceful, agile, responsive regulators that are in tune with the market. With the rise of APP fraud, moneylaundering threats, and evolving cyber risks, payment security cannot become an afterthought in the push for economic growth. Its about time a bold decision was made. Go ahead, Keir!”
It is non-negotiable for any business handling payments, onboarding customers, or moving money across borders. Strong Know Your Customer (KYC) and Anti-MoneyLaundering (AML) frameworks are now expected not just by regulators, but by enterprise partners and customers. Best for : Businesses needing crypto tax compliance at scale.
However, they must still meet basic consumer protection, anti-moneylaundering , and operational resilience standards. Regulatory sandboxes are structured environments where fintech companies can test new products, services, or business models with live customers but under a controlled and supervised framework.
Recognizing this gap, regulatory bodies are increasingly demanding audited reserves. For example, the EUs Markets in Crypto Assets Regulation (MiCA) specifically mandates that issuers of e-money tokens and asset-referenced tokens maintain reserves to fully back stablecoins, manage them properly, and ensure redeemability at face value.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content