The Fintech Times

FEBRUARY 8, 2025

Tuma Ventures Limited, the payments company regulated by the Financial Conduct Authority (FCA), has now secured approval as a licensed Payment System Provider (PSP) from the Bank of Tanzania. It demonstrates the companys commitment to regulatory compliance, innovation, and excellence in financial services across its markets.

Security 59

Security Cross-Border Financial Inclusion Cross-Border Payments 59

Fintech News

AUGUST 28, 2024

FlexM, a fintech company known for its Fintech-as-a-Service (FaaS) platform, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This development follows FlexM’s recent approval of a Payment Service Provider license from FINTRAC in Canada.

Cross-Border 108

Cross-Border Regulatory Compliance Payments Payments Institute 108

Fintech News

MAY 12, 2024

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). The company plans to launch XREX Pay, a platform designed to facilitate B2B payments and remittance services.

Cross-Border 113

Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 113

Fintech News

JUNE 11, 2024

This move aims to enhance Ripple ‘s product offerings and explore new ventures like stablecoins while maintaining regulatory compliance. money transmitter licenses, a Major Payment Institution License from the Monetary Authority of Singapore , and a Virtual Asset Service Provider registration with the Central Bank of Ireland.

Stablecoins 113

Stablecoins Acquirers Regulatory Compliance Central Bank 113

Fintech News

FEBRUARY 28, 2024

HashKey Technology Services, the over-the-counter (OTC) trading division of the HashKey Group , has secured in-principle approval from the Monetary Authority of Singapore (MAS) for its application for a Major Payment Institution license. This license will enable HashKey OTC to provide digital payment token services.

Accreditation 117

Accreditation Regulatory Compliance Digital Payments Settlement 117

Fintech Finance

SEPTEMBER 24, 2024

The collaboration aims to share best practices in the Open Finance and Verification of Payee landscape, with the final goal of enhancing payment service providers’ value-added offerings and overall financial market efficiency.

Payee 98

Payee Verification IBAN Cross-Border 98

Fintech News

MARCH 6, 2024

Cryptocurrency exchange Bitstamp announced it has obtained an in-principle approval from the Monetary Authority of Singapore (MAS) to operate under the Major Payment Institution license. This regulatory milestone allows Bitstamp to offer digital payment token services in compliance with the Payment Services Act in Singapore.

Security 109

Security APACS Regulatory Compliance Compliance 109

Fintech News

MARCH 12, 2024

has been accorded in-principle approval for a Major Payment Institution License by the Monetary Authority of Singapore (MAS). This approval will permit OKX to engage in the provision of digital payment token (DPT) and cross-border money transfer services in Singapore, in compliance with the Payment Services Act 2019.

Cross-Border 117

Cross-Border Regulatory Compliance Best Practices Cryptocurrency 117

Fintech News

APRIL 7, 2024

The stablecoin aims to improve the customer experience in payments and represents a significant use case in emerging markets for stablecoin disbursements. A “compliance-first” approach underscores Ripple’s commitment to adhering to regulatory standards worldwide.

Stablecoins 122

Stablecoins Use Case Blockchain Regulatory Compliance 122

The Payments Association

OCTOBER 11, 2024

The Financial Conduct Authority’s (FCA) proposed reforms to strengthen consumer fund safeguarding in the payments and e-money sectors. The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

The Fintech Times

APRIL 15, 2025

Alex Vollbrechthausen, investor and chairman of the board at FitBank FitBank, a conglomerate with technology and regulated entities in Brazil, Mexico and Central America, was founded in 2015 with a vision to transform the digital payments space, recognising the growing demand for efficiency through cutting-edge technology.

Embedded Finance 59

Embedded Finance Finance Non-Bank Financial Inclusion 59

Fintech Finance

APRIL 8, 2024

TerraPay , a global money movement company, has been granted a Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS) —a significant milestone solidifying TerraPay’s position as a cross-border payments powerhouse.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Regulatory Compliance APACS 52

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. Jing Wei Lee, Head of Finance, led a detailed market evaluation.

Treasury 52

Treasury Compliance Cash Management SWIFT 52

Finovate

FEBRUARY 14, 2024

Decentralized finance company Ripple acquired Standard Custody & Trust Company, a firm that offers institutional-grade custody, escrow, and settlement platform for digital assets. Additionally, Ripple has recently partnered with HSBC, BBVA, and Zodia Custody, and launched its payments offering in Africa.

Acquirers 52

Acquirers Regulatory Compliance Settlement Blockchain 52

Fintech Finance

FEBRUARY 27, 2024

With the FCA’s EMI licence, Enfuce will be able to provide electronic money services as well as card issuing and payment solutions directly to new and existing UK customers. Enfuce has been at the forefront of financial services since day one, pioneering payment processing in the public cloud.

Regulatory Compliance 52

Regulatory Compliance Compliance Accreditation Issuers 52

The Fintech Times

APRIL 30, 2024

Continuing our focus on e-commerce and the checkout experience, we now turn our attention to the potential implications of embedded finance for traditional payment processors. To adapt, traditional payment processors are enhancing their APIs for seamless integration and forming strategic partnerships with e-commerce platforms.

Embedded Finance 69

Embedded Finance Finance Payment APIs and Integration Processors 69

The Fintech Times

APRIL 5, 2024

Ripple will leverage both XRP and the stablecoin in its payment solution to further improve the customer experience and serve as the first enterprise use-case of the asset at scale. Ripple is committed to regulatory compliance and has a growing license portfolio in key regions around the globe.

Stablecoins 64

Stablecoins Use Case Blockchain On-Demand 64

Neopay

JUNE 27, 2024

Over the last 2 quarters, there has been an improvement with the FCA hitting its target processing times for approximately 95% of applications from e-money and payments firms. This includes understanding the different types of licenses available, such as payment institution (PI) licenses or electronic money institution (EMI) licenses.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Open Banking Excellence

SEPTEMBER 21, 2023

Cybersecurity experts Duncan McDonald, Global Head of Compliance Services & Wayne Scott, Regulatory Compliance Lead, from The NCC Group explain how to prepare for DORA compliance and why the new legislation will enhance cyber resilience across the financial sector and its supply chain.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

The Fintech Times

JUNE 5, 2025

Deutsche Bank and Mastercard expand open banking payments Deutsche Bank and Mastercard unveiled a strategic partnership to expand open banking and transform payment experiences across Europe. Through this partnership, LianLian Global’s merchants can transform idle digital assets into instant cross-border payment fuel.

ISO 20022 59

ISO 20022 Cross-Border Cross-Border Payments Online and Mobile Banking 59

Neopay

JUNE 3, 2024

As a result, approval rates have been notably low, particularly in the payments sector where rates were as low as 8%. Regulatory compliance : Assess the target firm’s regulatory history. This includes: Regulatory reporting : Confirming that the firm has consistently met its reporting obligations.

Due Diligence 52

Due Diligence Acquirers Regulatory Compliance Regulations 52

Fintech News

JANUARY 27, 2025

With this licence, Crypto.com can provide its range of crypto services across the EEA, enhancing transparency and regulatory compliance within the sector. This development follows the company’s earlier announcement of in-principle approval for the MiCA licence. Money Transmitter Licences, U.S.

Security 142

Security Cross-Border Regulatory Compliance Credential 142

Fintech News

MARCH 5, 2025

Singapore-based fintech startup Qashier has been awarded a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS). The licence allows Qashier to provide merchant acquisition, payment processing, and domestic and international money transfer services.

Point-of-Sale (POS) 67

Point-of-Sale (POS) Security Regulatory Compliance Payments 67

Fintech News

FEBRUARY 12, 2025

Finmo, a treasury management and payments platform, has secured US$18.5 Its platform offers real-time payments, multi-currency account management, automated hedging, and competitive FX rates. Finmo secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore in August 2023.

Treasury Management 98

Treasury Management Treasury Cross-Border Payments Multi-Currency 98

The Payments Association

JANUARY 27, 2025

Several categories of UK financial services firms, including banks, insurers, electronic money institutions, and payment institutions, are required to comply with new requirements on operational resilience beginning 31 March 2025. Instead, this should be a way of working that is embedded into the firms culture.

Rules 88

Rules Assessments Procedures Compliance 88