NY governor pursues BNPL regulation
Payments Dive
JANUARY 3, 2024
Kathy Hochul is seeking to require buy now, pay later providers to obtain a license to operate in the state, in addition to other potential regulations for the industry. New York Gov.
Regulations Related Topics 
Latham & Watkins launches markets in crypto-assets regulation tracker
The Payments Association
SEPTEMBER 19, 2024
Latham & Watkins has launched the Markets in Crypto-Assets Regulation Tracker, an online tool providing crypto businesses with up-to-date information on navigating the evolving MiCA regulatory framework.
Regulations 
88
88 
Connecticut moves to regulate EWA
Payments Dive
SEPTEMBER 19, 2023
The state is instituting new lending regulations that are likely to apply to some earned wage access providers starting next month.
Regulations 179
179 Regulations 179
179 
Regulation spotlight: Future of UK stablecoin regulation
The Payments Association
JANUARY 22, 2024
On 30 October 2023, HM Treasury (HMT) issued its long-awaited policy document on the regulation of fiat-backed stablecoins in the UK.
Stablecoins 88
88 
Sumsub’s New Solution Helps APAC Firms Navigate Data Privacy Regulations
Fintech News
SEPTEMBER 2, 2024
As data privacy regulations tighten across APAC, driven by growing digital transformation and increased awareness of privacy concerns, Sumsub’s LDP solution aims to help businesses navigate these evolving requirements. LDP simplifies compliance with these local regulations by ensuring data is stored and processed locally.
APACS 116
116 
Indonesian Regulator Grants Binance-Backed Tokocrypto Trading License
Fintech News
SEPTEMBER 9, 2024
Featured image credit: Edited from Freepik The post Indonesian Regulator Grants Binance-Backed Tokocrypto Trading License appeared first on Fintech Singapore. .” In December 2022, Binance had acquired Tokocrypto and conducted mass layoffs with approximately 58% of its workforce being let go.
Web 3.0 120
120 
UK banks hail Regulated Liability Network experiments
Finextra
SEPTEMBER 16, 2024
The UK's biggest banks have completed the experimentation phase of a Regulated Liability Network, claiming a number of benefits that the financial market infrastructure for programmable money operating on a multi-bank shared ledger could bring.
Regulations 78
78 Regulations 78
78 
FIs weigh in on US open banking regulation
Bank Automation
SEPTEMBER 4, 2024
The Consumer Financial Protection Bureau is expected to finalize its Section 1033 regulation on open banking this fall, and financial institutions are weighing in on the standardization as innovation and institution readiness play a factor.
Regulations 78
78 
US, Europe lock arms on payments regulation
Payments Dive
APRIL 15, 2024
and European regulators have joined forces to monitor digital payment concerns, including those related to buy now, pay later financing and big tech market participation.
Regulations 113
113 
Fireblocks and Chainlink accelerate regulated stablecoin issuance
The Paypers
SEPTEMBER 17, 2024
US-based Fireblocks has partnered with Chainlink to provide an end-to-end technology for financial institutions looking to issue and transact regulated stablecoins.
Stablecoins 80
80 
BNPL regulation could contribute to consolidation: Moody’s analysts
Payments Dive
NOVEMBER 20, 2023
Adapting to regulation could be a costly endeavor for BNPL companies already facing losses and more expensive funding costs, Moody’s analysts said.
BNPL 158
158 
EWA shouldn’t be regulated like loans
Payments Dive
APRIL 5, 2024
“Attempts to regulate EWA as credit threaten worker access to this innovative and consumer-friendly financial tool,” writes one earned wage access industry CEO.
Regulations 97
97 
UK moves to experimentation phase of Regulated Liability Network
Finextra
APRIL 15, 2024
The UK's biggest banks are pushing ahead with the experimentation phase of a Regulated Liability Network, a financial market infrastructure for programmable money operating on a multi-bank shared ledger.
Regulations 131
131 Regulations 131
131 
BNPL Regulations: Systematic Transformation of Finance
The Fintech Times
DECEMBER 19, 2023
Akshata Namjoshi (top) and Ratul Roshan, KARM Legal Consultants United Kingdom In the UK, BNPL products currently benefit from an exemption under the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001. 58/3/96 Regarding the Regulation for Finance Companies ( FCR ).
BNPL 113
113 
Apple’s payments regulation woes mount
Payments Dive
NOVEMBER 2, 2023
Regulators in the Netherlands, South Korea and Australia have targeted the tech giant’s payments business, and antitrust litigation is brewing in the U.S.
Regulations 103
103 
Apple CEO pushes back on European regulation
Payments Dive
FEBRUARY 5, 2024
The company’s customers may experience a drop in quality thanks to EU regulation slated to take effect next month, said Tim Cook, chief executive of the tech giant.
Regulations 97
97 Regulations 97
97 
US and UK sign agreement to regulate AI models
Finextra
APRIL 2, 2024
The governments of the UK and US have signed what they claim is the first international bilateral agreement to regulate the risks of artificial intelligence (AI) models.
Agreements 116
116 
Should Regulators Impose Tougher Penalties on Firms For Non-Compliance?
The Fintech Times
SEPTEMBER 12, 2024
However, it is key not to forget the role of the regulator. Despite this, the UK regulator didn’t hand out any fines or punishments, prompting us to ask if tougher penalties or consequences would lead to better outcomes. Should regulators impose tougher penalties on firms that fail to comply?
Compliance 64
64 
DWS moves toward first German-regulated euro stablecoin
Finextra
JULY 12, 2024
German asset management company DWS has launched a new company in a step towards creating the first German-regulated cryptocurrency.
Regulations 94
94 
Here’s How 10 APAC Markets Are Approaching Crypto Regulation
Fintech News
FEBRUARY 27, 2024
2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon. This transition is currently in progress.
APACS 123
123 
Israeli regulator gives AI chatbot go-ahead to provide stock-picking advice
Finextra
SEPTEMBER 24, 2024
AI startup Bridgewise has been given the green light by Israeli regulators to launch a chatbot that gives advice on buying and selling stocks.
Regulations 72
72 
SEC tightens data breach response regulation
Bank Automation
MAY 20, 2024
The SEC proposed amendments to its “Privacy of Consumer Financial Information and Safeguarding Customer Information” regulation, implemented in 2000, according to a May 15 fact sheet from the commission. The federal watchdog is looking to implement […]
Data Breach 78
78 
Mastercard, Fiserv execs take sides on debit regulation
Payments Dive
MARCH 4, 2024
A Mastercard executive painted Regulation II as potentially harmful to consumers, while Fiserv’s CEO said it was an appropriate update due to the rise of online transactions.
Visa 88
88 
Money20/20 Asia Set to Spotlight APAC Regulators for Fintech Growth
Fintech News
APRIL 14, 2024
Money20/20 Asia, set for 23-25 April at the Queen Sirikit National Convention Center in Bangkok, will prominently feature regulators from Asia’s financial sector among its speakers. The post Money20/20 Asia Set to Spotlight APAC Regulators for Fintech Growth appeared first on Fintech Singapore. Register at this link.
APACS 110
110 
UAE’s Central Bank Sets New Standards with Open Finance Regulation
The Fintech Times
JUNE 30, 2024
The Central Bank of the UAE (CBUAE) has issued the Open Finance Regulation, a significant component of its financial infrastructure transformation programme. The new regulation mandates that all financial institutions supervised by the CBUAE must participate in the open finance framework concerning their products as well as services.
Central Bank 72
72 
US regulators seek info on bank-fintech relationships
Finextra
JULY 26, 2024
US banking regulators have issued a warning on the potential risks associated with third-party deposit arrangements and made a call for more information on the relationships between lenders and fintechs.
Regulations 69
69 
Gen AI: Ethics and Regulations
Finextra
FEBRUARY 4, 2024
In this epoch of AI, serious questions about regulations and laws for AI are being raised but why no.
Regulations 97
97 
Australian regulator secures court win over Kraken's local operator
Finextra
AUGUST 23, 2024
An Australian court has ruled in favour of the country's securities regulator against the local operator of the Kraken crypto exchange over design and distribution obligations when offering a margin trading product.
Regulations 64
64 
AI Gets Scrutinized: Understanding Upcoming Regulations in FinTech
Innovative Payments Association
AUGUST 15, 2024
As a result, regulators are now taking a closer look at how AI is being used in FinTech and are working to establish guidelines and regulations to ensure that AI is being used responsibly and ethically. One of the key issues that regulators are focusing on is the transparency and explainability of AI algorithms.
Boot Camp 52
52 
UK regulators seek feedback on Big Tech digital wallets
Finextra
JULY 15, 2024
UK regulators are calling for feedback on the benefits and risks digital wallets from Big Tech giants such as Apple and Google bring to people and businesses.
Regulations 72
72 
Government releases key responses to financial regulation consultations
The Payments Association
OCTOBER 31, 2023
The UK government has taken a significant step towards clarifying its stance on the regulation of cryptoassets, digital settlement asset firms, and fiat-backed stablecoins by publishing key documents outlining their responses to recent consultations. Read more
Consulting 88
88 
Financial sector braces for 2024 with guide to new regulations and enforcement trends
The Payments Association
MARCH 20, 2024
In its recent annual briefing on financial services regulation and enforcement for 2024, Baker McKenzie details the anticipated developments and enforcement trends within the sector. Read more
Regulations 88
88 
Financial Services Calls for AI and ESG Regulations to Realise Benefits, Says DLA Piper
The Fintech Times
SEPTEMBER 23, 2024
Recognising this, the financial services sector is calling out for clearer and proportionate regulations surrounding AI and ESG to help them realise the benefits these trends offer, according to new survey data from global law firm, DLA Piper. Both ESG and innovation will be key to business success long into the future.”
AI 59
59 
The payment industry has three Rs: Rules, requirements, and regulations
ACI Worldwide Blog
AUGUST 30, 2024
The payments market has its own set of three Rs: rules, requirements, and regulations. The post The payment industry has three Rs: Rules, requirements, and regulations appeared first on ACI Worldwide. Every child entering primary school learns about the three Rs: reading, writing, and arithmetic.
Rules 52
52 
BNPL regulation requires balancing act
Payments Dive
JUNE 7, 2023
“As the CFPB prepares to release new regulatory guidance on BNPL providers, it is important that any new regulations do not stifle the industry's growth and limit its availability,” writes one checkout services CEO.
BNPL 78
78 
News on changes to APP fraud regulation
Finextra
SEPTEMBER 6, 2024
It was good news to hear that the regulators changed the ceiling of reimbursements to £85,000 from £
Regulations 52
52 Regulations 52
52 
Regulating Fintech: 5 Steps To Grow Sustainably [UPDATE]
Fintech Weekly
DECEMBER 6, 2023
Regulating fintech can lead the industry to a sustainable growth - let's see how this is possible in 5 steps regulators can take.
Regulations 78
78 
Discover shares pricing error findings with regulators
Payments Dive
SEPTEMBER 13, 2023
Discover executives met with regulators on the issue Monday, and the company expects further discussion, CFO John Greene said.
Regulations 97
97 Regulations 97
97 
Anadolubank Nederland N.V. Integrates Worldline Cloud Payments Solution to Comply With EU Regulation
The Fintech Times
SEPTEMBER 25, 2024
is improving its compliance with EU Instant Payments regulation following a new partnership with payment services provider, Worldline. will be able to seamlessly and timely comply with the European Union’s Instant Payments regulation.” Commercial bank, Anadolubank Nederland N.V. ” The post Anadolubank Nederland N.V.
EU sets deadline for Instant Payments Regulation
The Paypers
MARCH 20, 2024
The European Council has adopted the Instant Payments Regulation, which is scheduled to come into effect in a matter of weeks.
“Outrageous” or “Positive News”? Reactions to Payments Regulator Reducing Fraud Reimbursement
The Fintech Times
SEPTEMBER 4, 2024
The UK’s Payment Systems Regulator (PSR) has announced a significant reduction in the maximum fraud reimbursement limit for authorised push payment (APP) scams, lowering it from £415,000 to £85,000 just weeks before new rules take effect in October. Rocio Concha, director of policy and advocacy at UK consumer body Which?,
Regulations 59
59 
Swedish banks in race to build new technical infrastructure for Bankgirot to meet EU regulations
Finextra
JUNE 24, 2024
The Swedish Financial Supervisory Authority (SFSA) has issued an injunction to SEB and the other Swedish owner banks of Bankgirot to ensure they fulfill the requirements of the EU’s Wire Transfer Regulation (WTR) before 31 December 2026.
Buy Now, Pay Later to Be Regulated Like Other Credit Products in Australia
Fintech News
JUNE 5, 2024
Australia will introduce new legislation to amend the Credit Act, requiring Buy Now, Pay Later (BNPL) providers to hold an Australian credit license and comply with existing credit laws regulated by the Australian Securities and Investments Commission (ASIC). If it looks and acts like credit, then it should be regulated as such.
Regulations 109
109 
States are well equipped to regulate fintechs
Payments Source
SEPTEMBER 24, 2020
But states are already working together to streamline regulation while continuing to enforce consumer protections and encourage innovation. The OCC is trying to seize jurisdiction by arguing that current supervision is haphazard.
Regulations 144
144 
Let's personalize your content