Articles with tag: regulation

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HMRC names companies fined almost GBP 24 mln for not complying to AML laws

News | Digital Identity, Security & Online Fraud | 18 Jan 2021

HM Revenue and Customs has named businesses that have been fined more than GBP 23.8 million for breaking money laundering laws, as to discourage these activities to continue.

HMRC, AML, money laundering, UK, regulations, money schemes

Spilling the tea with compliance introduction - video interview with Payoneer

Interviews | Payments General | 15 Jan 2021

Jani Gode and Micheal Sheeny of Payoneer invite us to watch their ‘compliance chat’ where they discuss trends and challenges impacting the fintech and money transmitter industries worldwide

Payoneer, Jani Gode, Micheal Sheeny, compliance, fintech, e-money issuer, banking, transaction monitoring, regulation, video interview

ECB president says Bitcoin should be regulated

News | Cryptocurrencies | 14 Jan 2021

European Central Bank (ECB) president Christine Lagarde has advised that Bitcoin is ‘highly speculative’ and needs to be regulated.

ECB, Bitcoin, cryptocurrency, AML, money laundering, digital euro, CBDC, crypto regulations

Boku, Global Data Consortium team up for AML and KYC compliant onboarding

News | Digital Identity, Security & Online Fraud | 14 Jan 2021

Boku has announced a new partnership with Global Data Consortium to facilitate AML and KYC compliant customer onboarding.

Boku, partnership, Global Data Consortium, mobile network, data, compliance, onboarding, KYC, AML, regulations

UK reveals plans to regulate stablecoins

News | Cryptocurrencies | 13 Jan 2021

The UK has launched a consultation and call for evidence on cryptoassets and stablecoins, according to Linklaters.

UK, regulation, stablecoins, payments, cryptoassets

Innovation and regulation in the digital age - Interview with Jo Ann Barefoot, AIR

Interviews | Payments General | 13 Jan 2021

Jo Ann Barefoot, CEO and Cofounder of the Alliance for Innovative Regulation, shares her thoughts about digitisation, regtech, digital identity, financial inclusion, and how the new technologies are transforming financial regulation

Jo Ann Barefoot, Alliance for Innovative Regulation, interview, digitisation, fintech, regtech, digital identity, financial inclusion, financial regulation, fair finance, innovation, technology, financial crime

EU payments regulations: from Europe to the whole world

Voice of the Industry | Payments General | 13 Jan 2021

Chris Winter, VP for Global Acceptance at Discover Global Network, shares his expert view on the way European regulations could go beyond Europe and impact global payments

Discover Global Network, regulation, PSD2, open banking, online payments, Strong Customer Authentication

Mizuho Americas deploys Fenergo's software to automate KYC and AML

News | Digital Identity, Security & Online Fraud | 07 Jan 2021

Mizuho Americas, a subsidiary of Mizuho Financial Group, has deployed Fenergo’s software to automate KYC and AML regulatory processes, digitalise workflows, and accelerate client onboarding onto a single platform.

Mizuho Americas, partnership, Fenergo, automation, client onboarding, CLM, KYC, AML, regulations, CRM

HSBC adds automatisation to its compliance operations with Silent Eight

News | Digital Identity, Security & Online Fraud | 06 Jan 2021

Singapore-based Silent Eight has announced a multi-year partnership with HSBC that will support the bank in adding automatisation to its compliance operations.

HSBC, Silent Eight, AI, compliance, partnership, regulations, Alert Solution, fraud prevention

BOJ to regulate and grow USD 4 bln e-payment business

News | Payments General | 04 Jan 2021

Bank of Jamaica has decided to regulate the operation of electronic retail payment service providers (PSPs) and is seeking industry feedback on its proposals by 15 January 2021.

Jamaica, BOJ, Bank of Jamaica, e-payment, regulation, PSP, electronic payments, supervision

Chinese regulators ask Ant Group to refocus on its payment services provider role

News | Online Payments | 04 Jan 2021

Ant Group has been ordered by Chinese regulators to drastically change its business model and return to its roots as a payment service provider, Bangkok Post reports. 

Ant Group, online payments, regulation, China's central bank, super app

Australia modifies the Consumer Data Right (CDR) rules

News | Online & Mobile Banking | 24 Dec 2020

The Australian Competition and Consumer Commission (ACCC) has amended the Consumer Data Right (CDR) rules to expand the types of consumers who can use it.

Australia, CDR, ACCC, Open Banking, consumer data, GDPR, banking, regulations

The Paypers releases the global infographic and industry mapping of key players in Open Banking

News | Online Payments | 17 Dec 2020

The Paypers has released a global scale infographic and industry mapping of key players in the Open Banking ecosystem

Open Banking, Open Finance, Open Data, data, digitalisation, payments, fintech, innovation, banks, financial inclusion, security, agile, fraud prevention, standardisation, third party providers, API, cash management, personal finance management, use cases, account aggregation, request to pay, compliance, regulation, onboarding, partnership, developers, account-to-account payments, mapping, data sharing, finance, banking, know your customer, KYC, credit scoring, TPP checking, repository, API security, authentication, strong customer authentication, lending, savings, insurance, banking-as-a-service, core banking, risk management, payment initiation, consent, customer experience, open payments, transaction monitoring

Global Mapping and Infographic of Key Players in the Open Banking Ecosystem 2020–2021

Report | Online & Mobile Banking | 17 Dec 2020

The Paypers releases the global infographic and industry mapping of key players in the Open Banking ecosystem

Open Banking, Open Finance, Open Data, data, digitalisation, payments, merchants, corporates, SMEs, small businesses, fintech, innovation, banks, financial inclusion, security, agile, fraud prevention, standardisation, third party providers, API, cash management, personal finance management, use cases, account aggregation, request to pay, compliance, regulation, onboarding, partnership, developers, account-to-account payments, covid-19, insights, mapping, data sharing, finance, banking, know your customer, KYC, credit scoring, TPP checking, repository, API security, authentication, strong customer authentication, lending, savings, insurance, banking-as-a-service, core banking, risk management, payment initiation, consent, customer experience, open payments, transaction monitoring

New guidance on invoice usage in Vietnam

News | E-invoicing, SCF & E-procurement | 14 Dec 2020

Vietnam’s government has issued Decree 123/2020/ND-CP on invoices and documents to consolidate regulations on invoice usage and settle the difference among these regulations, according to lexology.com.

Vietnam, government, guidance, invoice, e-invoice, regulation, decree, ecommerce, trading, insurance

US congress overhauls anti-money laundering rules, bans anonymous shell companies

News | Digital Identity, Security & Online Fraud | 14 Dec 2020

The United States Senate has passed a bill overhauling anti-money laundering rules and banning anonymous shell companies.

United States Senate, shell companies, anti money laundering, financial crime, regulations, AML, US

France to ban anonymous crypto accounts

News | Cryptocurrencies | 14 Dec 2020

French financial authorities are strengthening the country’s cryptocurrency regulations in a move to prevent illicit activities like money laundering and terrorism financing.

France, regulations, crypto, money laundering, AML, anonymous, digital transactions, virtual assets, illicit activities

Saudi Arabia to employ e-invoicing from December 2021

News | E-invoicing, SCF & E-procurement | 10 Dec 2020

Saudi Arabia has announced it will be introducing a new e-invoicing system that is expected to be a CTC regime.

Saudi Arabia, regulations, e-invoicing, CTC, framework, taxes, cross-border payments, debit, credit

The importance of delivering secure SCA in mobile apps and browsers – interview with Nok Nok

Interviews | Digital Identity, Security & Online Fraud | 10 Dec 2020

Walter Beisheim, Chief Business Development Officer for Nok Nok Labs, discusses the importance to deliver consistent and secure SCA in both mobile apps and browsers

Walter Beisheim, Nok Nok, SCA, authentication, KYC, risk scoring, 3DS, IDs, regulations, PSD2, fraud, FIDO, PSPs, merchants, banks, online transactions, security

TrackX, Topl to offer tracking solution for supply chains

News | E-invoicing, SCF & E-procurement | 04 Dec 2020

Canada-based TrackX and US-based Topl have partnered to provide a verifiable tracking solution for supply chains.

TrackX, Topl, partnership, SCF, SaaS, blockchain, proof of origin, CSF claims, regulations