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The 19th NextGen Payments & RegTech Forum Brings Top Industry Experts to Cyprus, Limassol this November!

Fintech Finance

” – Lilly Pavlou, Executive Director at QUBE Events.

AML
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Crypto Leaves the Wild West Behind as Regulations Take Over

Fintech News

From recent crackdowns in Thailand to swift reforms in Singapore, the message is clear: compliance is the new currency of credibility in crypto. DTSPs are also subject to stricter anti-money laundering and counter-terrorism financing obligations. Today, it’s a sigh of relief as we see that era coming to a decisive end.

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PayDo Secures MFSA Licence to Grow in EU

Fintech Finance

Their EMI licence, issued under the Financial Institutions Act, authorizes PayDo to issue electronic money and provide payment services throughout the EU via passporting rights. This means that PayDo complies with key EU standards in anti-money laundering (AML), customer protection, and financial security.

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Build vs buy? Strategic decisions in financial crime management

The Payments Association

In response, regulatory bodies like the Financial Conduct Authority are tightening anti-money laundering (AML) and counter-terrorism financing (CTF) measures, levying steep penalties for non-compliance. Nasdaq’s 2024 Global Financial Crime Report highlights the urgency, estimating that $3.1 billion in losses in 2023 alone.

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CBDCs in practice: What we’ve learned from the early movers

The Payments Association

Solutions like Swifts CBDC connector , tested with 38 financial institutions, aim to bridge these silos using a hub-and-spoke model that interlinks various CBDC networks and even traditional fiat systems. .” However, this has sparked criticism that these systems strip users of financial autonomy and introduce unnecessary friction.

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5 Tales from the Crypto: Partnerships, Payments, and Blockchain Pilot Projects

Finovate

Integrating Fenergo will streamline Boerse Stuttgart Digital’s underlying compliance processes for both Know Your Customer (KYC) and Anti-Money Laundering (AML). Swift, UBS, and Chainlink conclude blockchain pilot That’s a wrap!

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Finding the Right Payment Pathway: International Payments Launched by Cross River Bank

The Fintech Times

This ensures businesses and consumers benefit from faster processing times so consumers receive their money when and where they need it. Cross Rivers solution offers businesses a range of payment pathwaysfrom SWIFT for secure, standardised cross-border transactions to local bank rails optimised for domestic B2B and B2C transfers.