Articles with tag like: regulation

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Turkey bans the use of crypto

News | Cryptocurrencies | 16 Apr 2021

The Central Bank of the Republic of Turkey has announced it is banning the use of cryptocurrency for payments throughout the country.

cryptocurrency, crypto asset, cryptocurrency exchange, regulation

FinSS Global partners with Salt Edge to meet the CDR requirements in Australia

News | Digital Identity, Security & Online Fraud | 15 Apr 2021

FinSS Global has partnered with Salt Edge, a developer of Open Banking compliance products, to enable local data holders to meet all the Customer Data Right (CDR) requirements within two months.

compliance, partnership, Open Banking, data, banks, financial institutions, regulation, data privacy, API

Propetly partners with Sumsub

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

Propetly, a marketplace for buying and selling investment properties, has partnered with Sumsub, an identity verification solution.

partnership, investment, identity verification, artificial intelligence, digital onboarding, regulation, KYB

FinCEN proposes regulation on convertible virtual currencies and digital asset transactions

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

The Financial Crimes Enforcement Network (FinCEN) has proposed a rule to bring convertible virtual currencies (CVC) and legal tender digital asset transactions (LTDA) within the existing AML and KYC regulatory framework under the Bank Secrecy Act (BSA)

regulation, digital assets, transactions , financial crime, AML, KYC, banks

Bank of Russia starts public consultation on ecosystems' regulations

News | Online & Mobile Banking | 13 Apr 2021

The Bank of Russia has suggested discussing main trends in ecosystems’ development and their role in the modern economy, as well as approaches to the regulation of ecosystems’ operation.

regulation, digitalisation

CBA fined with USD 7 mln for overcharging interest to customers

News | Payments General | 08 Apr 2021

The Commonwealth Bank of Australia has been handed a USD 7 million fine for overcharging interest to customers.

banks, regulation

Paxos to apply for formal clearing agency license

News | Cryptocurrencies | 07 Apr 2021

Cryptocurrency company Paxos has announced it will apply for a formal clearing agency license from the US Securities regulator.

cryptocurrency, regulation, blockchain, retail

AI-based solutions for identity verification now approved for certain use cases in Germany

News | Digital Identity, Security & Online Fraud | 05 Apr 2021

The publication of ‘Video identification with automated procedure’ has shown that AI-based solutions for the verification of customers are now approved for certain use cases in Germany. 

digital identity, identity verification, artificial intelligence, EIDAS, regulation

Britain to focus on regulating stablecoins

News | Cryptocurrencies | 05 Apr 2021

The financial services minister of Britain has announced that Britain will focus first on regulating stablecoins rather than the broader cryptocurrency market.

cryptocurrency, stablecoin, financial services, regulation, distributed ledger technology, Bitcoin, e-money

It all starts with data - an interview with Suade

Interviews | Digital Identity, Security & Online Fraud | 05 Apr 2021

The Paypers sat with Suade's Head of RegTech, Enzo Casasola to find out about the importance of data standards and cutting-edge tech applied across the regtech industry 

data, Suade, regulation, data analytics, digitalisation

Mastercard admits its involvement in breaching competition law

News | Payments General | 02 Apr 2021

Mastercard and four other companies have been accused of running a cartel to reduce competition in the market for pre-paid cards.

Mastercard, prepaid card, regulation

OBIC releases Open Banking Manifesto in Canada

News | Online & Mobile Banking | 31 Mar 2021

Open Banking Initiative Canada (OBIC) has published Canada's first Open Banking Manifesto, according to the official press release.

Open Banking, banks, fintech, regulation

Canada outlines securities law requirements and application to crypto trading platforms

News | Cryptocurrencies | 31 Mar 2021

Canadian securities authorities have outlined securities law requirements and application to crypto-asset trading platforms (or CTPs).

Bitcoin, crypto asset, investment, regulation, trading platform, Ethereum, equity

iPayLinks chooses Salt Edge for PSD2 compliance

News | Online Payments | 31 Mar 2021

China-based iPayLinks has joined hands with Salt Edge to equip its platform with the functionality required to be compliant with the pan-European payments directive.

PSD2, payment processing, regulation, Open Banking, Open Finance, API

MPs urges tech giants to act against online pension scams

News | Digital Identity, Security & Online Fraud | 29 Mar 2021

A committee of MPs has urged tech giants such as Google, Facebook, and Microsoft to stop the ‘immoral’ practice of profiting from the EUR 11.7 billion of pension fraud committed by internet scammers.

scam, Facebook, Microsoft, fraud management, regulation, FCA

The Monetary Authority of Singapore sets new AML/CFT guidelines

News | Cryptocurrencies | 29 Mar 2021

MAS (Monetary Authority of Singapore) has published a new infographic setting out its supervisory expectations on AML/CFT controls for the Digital Payment Token (DPT) sector.

digital currency, AML, CFT, regulation

Fabrick continues its partnership with Microsoft to expand its Open Banking solution

News | Online & Mobile Banking | 26 Mar 2021

Fabrick, an Italy-based Open Banking ecosystem, has strengthen its collaboration with Microsoft Italia, aiming to leverage Cloud Computing and new technologies.

Microsoft, partnership, Open Banking, cloud, banks, PSD2, regulation

BaaS provider Omnio raises EUR 30 mln

News | Payments General | 24 Mar 2021

Omnio, a Banking-as-a-Service provider, has announced a EUR 30 million funding led by pan-European venture fund GrayBella Capital.

funding, BaaS, financial institutions, regulation, banks

Broadridge Financial, AccessFintech to assist with settlement failures

News | Payments General | 24 Mar 2021

Broadridge Financial Solutions has partnered with AccessFintech to deliver a strategic gateway for settlement workflow that should resolve multi-party settlement fails. 

partnership, data, cloud, regulation, product launch, settlement, payment processing

CSI,Summit Technology Group to offer cloud hosting solution

News | Payments General | 24 Mar 2021

Computer Services, a provider of fintech and regtech solutions, has selected Summit Technology Group, a financial services cloud engineering company, for its cloud hosting solution. 

partnership, cloud, fintech, regtech, financial services, financial institutions, regulation