Articles with tag: afin

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BaFin warned by Commerzbank about Wirecard in early 2020, FT reports

News | Payments General | 13 Jan 2021

Commerzbank has warned Germany’s financial watchdog, BaFin, about money laundering risks at Wirecard in early 2020, according to Financial Times.

Wirecard, BaFin, Commerzbank, anti-money laundering, AML, accounting fraud, payments, cross-border payments, banking, PSPs, fintech

ESMA finds deficiencies in BaFin supervision of Wirecard's financial reporting

News | Digital Identity, Security & Online Fraud | 04 Nov 2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published the results of its Fast Track Peer Review which involved Wirecard and BaFin.

ESMA, BaFin, Wirecard, supervision, EU, securities markets regulator, Fast Track Peer Review, FREP, GLEFI, financial reporting

Brazilian credit card issuer Afinz moves to FIS for processing services to support growth strategy

News | Cards | 29 Oct 2020

FIS has been selected by Brazil-based financial services provider Afinz to provide processing services across the company’s full portfolio of private-label credit cards.

FIS, Brazil, financial services provider, Afinz, processing services, credit cards, Visa, co-branded card, cards

The Wirecard scandal - how digitalisation can be marshalled to tackle money launderers

Voice of the Industry | Digital Identity, Security & Online Fraud | 23 Jul 2020

In the future, banks that are not as internationally networked in money laundering prevention as the perpetrators will remain easy to outsmart

HAWK:AI, AML, CFT, FIU, financial crime, money laundering, Tobias Schweiger, AI, machine learning, digitalisation, fraud prevention, Wirecard scandal, FATF, Bafin, Germany, Wirecard Bank

Brussels to investigate German regulator over Wirecard

News | Payments General | 26 Jun 2020

Brussels has announced it will call for a probe into whether Germany-based banking regulator BaFin failed in its supervision of Wirecard.

Brussels, Germany, Wirecard, BaFin, investor trust, Europe, EU, Valdis Dombrovskis, breach of union law, European Securities and Markets Authority, shares

Germany-based Neufund to stop security token platform development

News | Cryptocurrencies | 23 Jun 2020

Security token startup Neufund has announced plans to freeze its fundraising campaigns and sideline future tokenised equity offerings, citing regulatory concerns.

Neufund, Germany, security token, startup, Federal Financial Supervisory Authority, BaFin, equity tokens, digital wallets

New Bitcoin exchange-traded product listed on Deutsche Borse

News | Cryptocurrencies | 11 Jun 2020

ETC Group, a UK-based investment company, has announced plans to list a Bitcoin-backed security on the German electronic trading market later in June 2020.

Bitcoin Exchange Traded Crypto, Xetra, Deutsche Borse, cold storage, BitGo, BaFin, financial institution, Bitcoin, crypto security, Germany, ETC Group

Washington Trust Bank partners with Terafina

News | Online & Mobile Banking | 14 May 2020

Washington Trust Bank (WTB) has teamed up with Terafina to launch a digital account opening platform for customers.

Washington Trust Bank, Terafina, digital, WTB, partnership, online, banks, Fasttrack Digital Storefront, credit unions, onboarding, KYC, KYB

BaFin shuts down Bitcoin ATM operator

News | Cryptocurrencies | 09 Mar 2020

BaFin, the German financial authority, has shut down the local operation of KKT UG, a Bitcoin ATM operator.

cryptocurrency, ATM, KKT, BaFin, financial, Germany, Bitcoin

BaFin details licensing process for foreign crypto custodians

News | Cryptocurrencies | 06 Feb 2020

BaFin has released guidance on how the country’s new cryptocurrency custody law will apply to companies that operate outside of Germany but still serve the German market.

BaFin, cryptocurrency, custody law, Bitcoin, AML, crypto exchanges, digital assets, licenses

Emerging Payments Association Asia signs MOU to promote API exchange

News | Payments General | 04 Dec 2019

The Emerging Payments Association Asia (EPAA) has signed a Memorandum of Understanding (MOU) with the ASEAN Financial Innovation Network (AFIN) to promote the benefits of the APIX Platform to the payments community.

Emerging Payments Association Asia, EPAA, API, open banking, Asia, ASEAN Financial Innovation Network, AFIN, partnership

BaFin publishes joint statement on migration to PSD2-compliant interfaces

News | Payments General | 17 Oct 2019

Since 14.09.2019, the provisions of the PSD2 and the Delegated Regulation (EU) 2018/389 have applied to the provision of payment initiation and account information services.

PSD2, compliance, payment initiation, account information, BaFin, banks, TPPs, joint statement

Verafin secures USD 515 mln funding for fraud detection services

News | Digital Identity, Security & Online Fraud | 26 Sep 2019

Financial crime management software company Verafin has secured a half-billion dollars in debt and equity financing to spur expansion among large banks.

Verafin, debt, equity funding, fraud detection, banks, financial crime, fraud, credit unions, US, financial institutions

German regulator BaFin takes action to enforce bank compliance to PSD2

News | Online & Mobile Banking | 16 Aug 2019

German Federal Financial Supervisory Authority BaFin has warned banks that it cannot offer fallback exemptions under PSD2 considering the current level of compliance in applications.

German Financial Supervisory Authority, BaFin, PSD2, TPP, ETPPA, Ralf Ohlhausen, TPP accreditation, TPP compliance, PSD2 compliance, European Commission

Bafin approves Bitbond to issue digital bonds

News | Cryptocurrencies | 20 Feb 2019

Bafin, Germany’s securities regulator, has given the green light to Bitbond, an online lending platform that operates globally, to issue digital bonds.

Bafin, STO, tokens, Germany, cryptocurrency, Bitbond, lending, authorisation

Bafin extends Deutsche monitor mandate over Danske

News | Digital Identity, Security & Online Fraud | 18 Feb 2019

Bafin, the German financial authority, has extended the mandate of its monitor at Deutsche Bank over the bank’s role in a money laundering scandal involving Danske Bank.

Bafin, money laundering, Danske Bank, money laundering, Deutsche Bank, fund transfers, Germany, fraud prevention, transaction monitoring

United Bank implements Verafin AML, fraud detection software

News | Digital Identity, Security & Online Fraud | 08 Jan 2019

United Bank has selected Verafin to implement the company`s solution, a cloud-based BSA/AML and fraud detection (FRAMLx) software.

United Bank, Verafin, AML, fraud detection, compliance

Bitwala to soon launch crypto-first blockchain bank

News | Cryptocurrencies | 26 Feb 2018

Bitwala, a blockchain payment platform based in Berlin, has announced its plans to become Germany’s first regulated blockchain bank.

Bitwala, blockchain, cryptocurrency, crypto, Germany, blockchain bank, BaFin

Germanys financial regulator clarifies stance on ICOs

News | Cryptocurrencies | 26 Feb 2018

The Federal Financial Supervisory Authority of Germany (BaFin) has clarified its position on initial coin offerings (ICOs).

Federal Financial Supervisory Authority of Germany, BaFin, ICOs, regulation, cryptocurrency, Bitcoin, tokens, commodity, asset, Germany

Germanys finance regulator issues warning on ICOs

News | Cryptocurrencies | 10 Nov 2017

The Federal Financial Supervisory Authority (BaFin), Germany’s top finance regulator, has issued an investor warning on initial coin offerings (ICOs).

Federal Financial Supervisory Authority, BaFin, ICO, cryptocurrency, warning, investment, Germany, Europe, blockchain