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Navigating AML obligations in the age of virtual IBANs

The Payments Association

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. What’s next?

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Top 100 Fintech Tools and Platforms for Businesses

Fintech Review

Payoneer Capital Advance Extends working capital financing to sellers and service providers based on future receivables, helping businesses smooth cash flow cycles. Modern Treasury An operating system for money movement, helping companies automate payments, reconciliation, and cash reporting through APIs.

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Nium Boosts Cross-Border Payments with Local Currency Support in 40+ Countries

Fintech News

Nium’s new local currency account services provide businesses, digital platforms, and marketplaces with a more efficient and cost-effective way to receive payments, eliminating the need for local entities or additional operating accounts.

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Trustly’s Ecospend Retains Its Key Open Banking Contract With HMRC

Fintech Finance

Ecospend , a Trustly Company and the UK leader in open banking payments, has retained the UK’s most significant open banking contract to date with HM Revenue and Customs (HMRC). Ecospend will continue to offer its Open Banking solutions to enhance parts of HMRC’s payment processes and deliver innovative data solutions for taxpayers.

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GoCardless and Financial Cloud Partner to Simplify Payments With Direct Debit and Open Banking

Fintech Finance

Financial Cloud , a leading provider of enterprise software solutions, has partnered with global bank payment company GoCardless to improve payments for financial service providers in the UK. The combined offering brings a variety of benefits to financial service providers.

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Qonto and Mollie Launch Integrated Solution to Tackle Payment Delays for European SMEs

Fintech Finance

Qonto , the leading European business finance solution for SMEs and freelancers, and Mollie , one of Europe’s fastest-growing financial service providers, today announced a two-way strategic partnership to enhance integrated financial services for businesses across Europe.

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Helping Corporates Get Over The Real Time Payments Hump

PYMNTS

Standardization of payments messaging and enriched data, along with the immediacy of funds, has enabled real-time payments infrastructure to introduce greater value to organizations in areas like financial crime prevention and payment reconciliation. ” Driving Ubiquity. . ” Driving Ubiquity. In the U.S.,