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Sweden-based payments group Klarna has received a USD 733,000 fine for failing to adhere to the EU's General Data Protection Regulation (GDPR).
GDPR, online payments, regulation, compliance
Cryptocurrency exchange Coinbase has been scrutinised by a federal judge in Manhattan and the US Securities and Exchange Commission.
cryptocurrency, cryptocurrency exchange, regulation, digital assets
UK-based fintech company Revolut has been accused of violating the state of Illinoi’s Biometric Information Privacy Act (BIPA).
data protection, biometrics, regulation, fintech, neobanks
Canada-based business banking provider Vault has launched its Transfer Approval feature to help business owners automate accounts payable (AP).
accounts payable, digitalisation, banking, product launch, spend management
The UK’s Financial Conduct Authority has issued 146 new alerts following the launch of a new cryptocurrency marketing regime.
regulation, compliance, cryptocurrency, digital assets
Meta has been fined with EUR 1.2 billion by regulators from the European Union for violating EU privacy laws by transferring personal data of Facebook users to servers in the US.
Meta, Facebook, data sharing, data privacy, GDPR
US-based provider of verified identity infrastructure Persona has launched a Know Your Seller (KYS) solution to help marketplace businesses comply with the INFORM Consumers Act.
KYC, KYB, marketplace, compliance, regulation, Open Finance
This article provides insights for banks and fintech seeking to navigate the evolving Banking-as-a-Service landscape and partnerships while ensuring compliance with regulatory requirements.
embedded finance, BaaS, compliance, regulation, risk management, fintech, banks
Canada-based Shopify has revealed a new Audiences marketing tool that can help retailers target potential customers through ad platforms.
ecommerce, data analytics, data protection, retail
The Bank of Canada has introduced a supervisory framework under the The Retail Payments Activities Act which sets out how it will oversee PSPs and foster compliance.
retail, risk management, regulation, ecommerce, PSP
The Bank of Canada has urged firms to prepare for a regulatory regime that will cover companies providing services like digital wallets and electronic payment systems.
banks, fintech, retail, payments , regulation
The Digital Services Act has been published in the Official Journal of the European Union, sweeping in a new era in the regulation of digital services.
regulation, digitalisation, ecommerce, KYC, online payments
Binance’s Indian branch WazirX has had its assets frozen by the country’s economic criminal investigation unit, under the Prevention of Money Laundering Act.
fraud management, fraud detection, KYC, cryptocurrency exchange, fraud prevention
As sanctions against Russia continue to impact the country, MRC explains how cryptocurrency provides an extra layer of obfuscation for those who wish to bypass traditional means of currency transfer.
financial sanctions, Russia Ukraine War, cryptocurrency, banks, financial institutions, SWIFT, KYC, identity verification, cryptocurrency exchange, digital assets
Cryptocurrency exchange Binance has obtained a provisional green light from Abu Dhabi regulators, deepening its expansion in the Middle East, according to CNBC.
Binance, cryptocurrency exchange, regulation, cryptocurrency
Wave Financial’s VP on Fraud and Risk, Angie Dobbs, talks about the risks and challenges the small business community experienced during the COVID-19 pandemic and the way they were handled by payments facilitators and processors
COVID-19, online fraud, SMEs, fraud detection, fraud prevention, payment processing
China has fined Tenpay, an online-payment unit of Tencent Holdings, USD 438,000 for violating foreign exchange rules amid growing regulatory scrutiny of the nation’s fintech industry.
WeChat Pay, regulation, banks, financial services
Saudi Arabia’s Zakat, Tax and Customs Authority has announced the key violations and fines imposed in the first phase of the e-invoicing scheme being rolled out from December 4th, 2021.
e-invoicing, regulation
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued an updated advisory on the sanctions risks associated with facilitating ransomware payments.
fraud prevention, cybersecurity, regulation
Central Bank of Brazil has announced that financial institutions that suspect fraud may block suspicious resources from a receiving user’s account for up to 72 hours.
fraud prevention, regulation, digital identity