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Find here all the latest articles, news, and research on Regulation and other Regulation-related topics:

Find here all the latest articles, news, and research on Regulation and other Regulation-related topics:

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A2A payments – a means to survive consolidation

Interviews | Payments General | 23 Jul 2024

Seb Hempstead, VP of Partnerships at GoCardless, explains how PSPs offering A2A payments can address merchants’ needs and survive consolidation.

embedded payments, embedded finance, account-to-account payment, paytech, fintech, financial services, Open Banking, ACH, payment methods, compliance, UX, regulation, payments , API, instant payments, recurring payments

Green Dot gets USD 44 mln fine for deceptive practices

News | Online & Mobile Banking | 22 Jul 2024

The US Federal Reserve has recently announced that it fined US-based fintech Green Dot a staggering USD 44 million for several ‘unfair and deceptive practices’, as well as deficient risk management. 

BaaS, regulation, financial services, financial data, debit card, credit card, credit access, money transfer, Open Banking, banking, mobile banking

Modulr's customer onboarding ban lifted by the FCA

News | Digital Identity, Security & Online Fraud | 22 Jul 2024

UK-based embedded payments provider Modulr’s customer onboarding ban, imposed by the FCA in October 2024, has been lifted.

regulation, compliance, digital onboarding, FCA, payments infrastructure

The challenge of payments in Europe

Interviews | Payments General | 22 Jul 2024

Fernando Rodríguez, Head of Business Development at Bizum, tackles SEPA instant transfers in Europe and Bizum’s involvement, interoperability, and the future digital euro.

payments , paytech, fintech, account-to-account payment, instant payments, cross-border payments, real-time payments, SEPA, money transfer, digital euro, CBDC, payment methods, ecommerce, regulation, IPR, legislation, mobile payments, financial services, SEPAInst

CFPB suggests interpretive rule for paycheck advance products

News | Payments General | 22 Jul 2024

The Consumer Financial Protection Bureau (CFPB) has suggested an interpretive rule to ensure that lenders’ legal obligations to disclose the costs of paycheck advance products are met. 

regulation, financial services, financial data, lending, financial institutions, payments

The APP fraud problem and its impact on the payments industry

Voice of the Industry | Digital Identity, Security & Online Fraud | 22 Jul 2024

Mark Beresford, Director at Edgar, Dunn & Company (EDC), tackles authorised push payment (APP) fraud and its effect on the payments industry.

APP fraud, online fraud, financial crime, paytech, fintech, regtech, PSD3, scam, social engineering, online platform, romance scam, ecommerce, marketplace, PSR, PSP, Confirmation of Payee, instant payments, IBAN, PSD2, identity verification, fraud prevention, A2A payments, regulation

New BAFT whitepaper discusses financial crimes concerns

News | Digital Identity, Security & Online Fraud | 19 Jul 2024

The Bankers Association for Finance and Trade (BAFT) has recently released a new whitepaper, ‘Digital Currencies and Financial Crimes Concerns’, focusing on the challenges posed by financial crimes.

 

financial crime, regulation, regulatory sandbox, financial institutions, digital currency, AML, machine learning, artificial intelligence, regtech, terrorism, blockchain, data analytics

Banking Groups seek extension for CFPB Data Rule compliance

News | Online & Mobile Banking | 19 Jul 2024

The Clearing House Association, Bank Policy Institute, Consumer Bankers Association, and American Bankers Association have requested a compliance deadline extension.

banks, compliance, financial institutions, regulation

FCA directs firms to optimise treatment of PEPs

News | Digital Identity, Security & Online Fraud | 19 Jul 2024

The Financial Conduct Authority (FCA) has directed financial firms, including banks, payment firms, and lenders, to optimise treatment of politically exposed persons (PEPs). 

regulation, customer experience, financial institutions, lending, online security

Bahrain adopts Open Banking service requirements

News | Online & Mobile Banking | 19 Jul 2024

The Central Bank of Bahrain (CBB) has announced that all licensed financial and banking institutions must adhere to Open Banking regulations by 1 September 2024.

Open Banking, API, fintech, banks, regulation

US Treasury, FSSCC publish resources on secure cloud adoption

News | Online & Mobile Banking | 19 Jul 2024

The US Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) have announced a suite of resources for secure cloud adoption. 

cloud services, cloud, cloud banking, regulation, financial institutions, financial services

ESA release new batch of policy products under DORA

News | Digital Identity, Security & Online Fraud | 18 Jul 2024

The three European Supervisory Authorities (RBA, EIOPA, and ESMA – the ESA) have published a new batch of policy products under the Digital Operational Resilience Act (DORA).

regulation, regulatory sandbox, banks, online security, cybercrime, cybersecurity, European Commission, RTS

Hong Kong takes steps to regulate stablecoin issuers

News | Cryptocurrencies | 18 Jul 2024

The FSTB and the Hong Kong Monetary Authority have announced the consultation results on a legislative proposal for regulating stablecoin issuers in Hong Kong.

stablecoin, regulation, regulatory sandbox, cryptocurrency

PSR, FCA look for information on further enhancing digital wallets

News | Mobile Payments | 17 Jul 2024

The Payment System Regulator (PSR) and the Financial Conduct Authority (FCA) have launched a joint call to gather additional information on Big Tech and the use of digital wallets. 

regulation, financial services, FCA, digital wallet, payment methods, online payments, mobile payments, account-to-account payment, financial inclusion, digitalisation, e-wallet, mobile money

5 fraud challenges online marketplaces must address in 2024

Voice of the Industry | Ecommerce | 17 Jul 2024

Dr Shlomit Wagman, Chief Regulation and Compliance Officer at Rapyd, shares five fraud challenges that online marketplaces need to address in 2024.

marketplace, ecommerce, fintech, fraud prevention, online security, financial services, compliance, regulation, artificial intelligence, payments

Poland fines PayPal with USD 27.3 mln

News | Digital Identity, Security & Online Fraud | 16 Jul 2024

Poland's antitrust and consumer protection authority, UOKiK, has fined PayPal Europe USD 27.3 million for inadequately detailing activities subject to penalties in its contractual clauses.

regulation, money transfer, payment processing, ecommerce, P2P

German regulator threatens Solaris with fines for AML controls

News | Digital Identity, Security & Online Fraud | 15 Jul 2024

BaFin, the German bank regulator, has threatened to fine embedded finance platform Solaris if it doesn’t meet deadlines to improve its AML controls and other shortfalls.

AML, regulation, compliance, embedded finance

ESAs publish paper on MiCAR

News | Online & Mobile Banking | 15 Jul 2024

The European Supervisory Authorities, including EBA, EIPA, and ESMA, have published a consultation paper on Guidelines under Markets in Crypto-Assets Regulation (MiCAR).

regulation, cryptocurrency, crypto asset, crypto, compliance

South Korea proposes delay of crypto taxation

News | Cryptocurrencies | 15 Jul 2024

South Korea's right-wing political party has proposed delaying the taxation of cryptocurrency gains by three years.

cryptocurrency, crypto, regulation, DeFi, NFT

Payeer fined USD 10 mln in Lithuania

News | Digital Identity, Security & Online Fraud | 12 Jul 2024

The Lithuanian Crime Investigation Service (FNTT) has hit crypto payment service Payeer with a EUR 9.29 million fine fir violating Anti-Money Laundering regulations.

cryptocurrency, AML, regulation, compliance