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Sarah Beth Felix, CEO at Palmera Consulting: Fintechs must prioritise AML/sanctions compliance, while banks need to assess exploitation risks in their fintech partners' offerings for effective risk management in BaaS partnerships.
AML, regulation, compliance, fintech, financial institutions, banks, risk management
Verification provider Sumsub has partnered with payments infrastructure platform Mercuryo to publish a guide about Travel Rule for Virtual Asset Service Providers (VASPs).
cryptocurrency, digital assets, compliance, regulation, partnership
Intuit QuickBooks has announced the launch of its QuickBooks Line of Credit solution in order to provide small businesses with more options to access capital.
partnership, product launch, funding, banking, online banking, mobile banking, digital banking, financial services, financial institutions
The article offers insights into the regulatory changes slated for 2024, providing a roadmap that will influence the evolution of payments
instant payments, cross-border payments, AML, fraud prevention, regulation, PSD3, FIDA, MiCA, Open Finance, SCA, data privacy, compliance
Online B2B wholesale marketplace FASHIONGO has announced the launch of Dynamic Net Terms, a solution that aims to increase access to funds for retailers.
digital payments, retail, SMEs, product launch, payment methods
UK-based AML specialist SmartSearch has analysed global AML events and published a new report which showcases drug trafficking as one of the most prevalent issues.
report, AML, financial crime, cryptocurrency, fraud prevention
Alan Lin, APAC Head of Payments and Commerce Solutions at J.P. Morgan, shares insights on combatting fraud in payments, emphasising the significance of KYC and KYB practices, and more.
fraud prevention, online banking, tokenization, KYC, digital onboarding, scam
Adam McLaughlin from Nice Actimize emphasises the crucial distinction financial institutions need to make between efficiency and effectiveness in adopting technology, as compliance goes beyond mere checkbox activities.
compliance, financial crime, financial institutions, transaction monitoring, Sanctions Screening, fintech, data, artificial intelligence, machine learning, risk management
Vlad Macovei from The Paypers emphasises the worldwide move toward Open Data regulation, including the EU's Data Act, changing North American data privacy laws, and global legal approaches to data privacy.
open data, Open Banking, Open Finance, regulation, data sharing, GDPR, data protection, artificial intelligence, Digital Markets Act (DMA), PSD2, banking, fintech
The Consumer Financial Protection Bureau has finalised a rule that bans excessive credit card late fees, lowering typical fees from USD 32 to USD 8.
regulation, credit card, credit card fraud, payments , online payments, ecommerce, banking
Viky Manaila, Trust Services Director at Intesi Group, offers insights into Europe’s digital identity wallet, highlighting updates and future steps.
EIDAS, digital identity, identity verification, customer experience, data sharing, data protection
US-based fraud and risk management company DataVisor has announced the launch of a new solution developed to efficiently detect fraud and financial crimes.
product launch, fraud management, fraud detection, fraud prevention, BaaS, artificial intelligence
Following struggles to comply with local regulations, Binance is facing bans in The Philippines. Nigeria is also on the offensive against Binance and similar crypto firms.
cryptocurrency, cryptocurrency exchange, digital assets, regulation, compliance
Ecommerce's evolution fuels rising fraud costs for merchants; Glenn Cobb from PayPal emphasizes the crucial balance between friction and fraud mitigation through industry collaboration and advanced solutions.
ecommerce, fraud management, online fraud, risk management
Canada-based TD Bank has received a significant monetary penalty for faulty anti-money laundering controls after an examination by the financial crime institutions.
penalty, money laundering, financial crime, financial sanctions, financial institutions
US-based financial technology solutions and payments provider Euronet has partnered with Ecuador-based Banco Guayaquil.
partnership, SaaS, financial services, fintech
Sanela Dulic, Head of Open Banking at Nordea, explores the transformative potential of PSD3 and PSR, shedding light on their effects on both Nordea and the entire banking industry.
Open Banking, regulation, PSD3, PSR
As the global payments threat landscape becomes increasingly complex, and technology advances at an unprecedented rate, regulatory initiatives follow. Maya Shabi, Senior Threat Detection and Product Strategist at EverC, discusses how this will impact payment providers.
online payments, payments , AML, regulation, financial institutions, financial sanctions, terrorism, cybercrime, funding, compliance
Stephen Yun, Senior Analyst of Research at Payments Canada, covers digital payments adoption in Canada and the driving forces behind this growth.
payments , payment methods, digital payments, ecommerce, merchants, BNPL, cryptocurrency, online payments, real-time payments, regulation
The Commodity Futures Trading Commission (CFTC) has urged policymakers to prioritise the identification of individuals involved in DeFi.
DeFi, digital identity, regulation, cryptocurrency