The Payments Association

JANUARY 13, 2025

Specifically, there are concerns about whether the benefits of additional reporting, record-keeping, and audit requirements outweigh the costs and whether the proposal for firms to receive relevant funds directly into a designated safeguarding account is operationally feasible in all cases.

Compliance 88

Compliance Audit Legal Reconciliation 88

Fintech Finance

MARCH 7, 2024

FOMO Pay, a leading major payment institution headquartered in Singapore, has implemented Bottomline solution to strengthen efficient payment workflows, effective treasury lifecycle management, and robust regulatory compliance. We use the SWIFT Bureau for real-time connectivity to local banks.

Treasury 52

Treasury Compliance Cash Management SWIFT 52

The Payments Association

OCTOBER 11, 2024

The proposals will impact authorised payment institutions, e-money institutions, and other relevant firms, with a broader interest for consumers, insolvency practitioners, and legal professionals. With many firms facing supervisory interventions due to poor safeguarding, there is a strong sense of urgency.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88