Tag: RegTech

April 29, 2024

The transaction will merge Paystand’s blockchain-based B2B payments platform with the vendor’s corporate expense and accounts payable (AP) management controls and was partly financed by Stifel Venture Banking, although further terms have not been disclosed. This is projected to result […]

April 10, 2024

Accreditation was supported by the Mastercard Digital Enablement Service (MDES), a single integrated platform enabling the digitation of supported Mastercard card types. MDES provides PXP Financial with a Secure Card on File tokenisation programme, a better user experience and higher […]

April 8, 2024

BaaS enables non-banking institutions to connect with banks via APIs, to offer services traditionally restricted to licensed and fully-regulated banks. While BaaS solutions offer a lot of potential, many have concerns regarding the regulatory compliance of providers and the third […]

April 4, 2024

The consultation seeks to propose a suitable approach to how the DSS is run, including its rules and fee structures, alongside a draft guidance document for potential applicants. The DSS aims to cultivate the use of emerging technologies, such as […]

March 26, 2024

The firm’s latest round, which follows an initial £37 million cash injection in January 2023, featured participation from returning investors AlixPartners, The Cynosure Group and MUFG as well as new backer Commonwealth Bank of Australia (CBA). As part of its […]

February 9, 2024

However, it was pointed out to me that I took something for granted, and in hindsight, it was a great observation. In today’s world, where we are used to online shopping and mobile payments, many are not only carrying less […]

November 3, 2023

During her six-year tenure at the FCA, Fulugunya gained specialist experience in transaction reporting (MiFID II) and instrument reference data regimes as part of its markets reporting team. As well as reviewing errors and emissions, her remit for the regulator […]

October 26, 2023

US-based commerce technology provider Payoneer has partnered with Etsy to support the latter’s expansion into emerging markets and simplify payments. Through this collaboration, Etsy can streamline payments to sellers and help develop economic opportunities for more entrepreneurs in emerging markets. […]

August 22, 2023

Fintech startup Ramp has raised $300 million in a funding round co-led by existing backer Thrive Capital and new investor Sands Capital at a post-money valuation of $5.8 billion. The Information reported last week that spend management company Ramp was […]

August 18, 2023

In a proactive step, Innovate Finance has articulated its vision in response to HM Treasury’s recent call for strategies on refining and gauging the success of UK financial regulators’ new competitiveness objectives. This dialogue comes on the heels of the […]

July 28, 2023

The United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion on July 27. The bill includes a provision targeting crypto mixers, anonymity-enhancing coins and institutions engaging in crypto trading. The NDAA is a bill that […]

July 7, 2023

FIS has signed a definitive agreement with US-based private equity firm GTCR to sell a majority stake in its Worldpay merchant business. GTCR will acquire 55% of Worldpay, with FIS set to receive $11.7 billion in upfront net proceeds. FIS […]

May 5, 2023

Financial fraud within institutions is a growing concern, as 80% more banks have been fined for  money laundering, costing $10.4 billion. Regulatory technology (RegTech) has become a potential solution to minimize the threat of internal and external monetary fraud. These […]

March 30, 2023

On Mar. 27, the U.S. Commodity Futures Trading Commission (CFTC) charged Binance and its founder Changpeng Zhao with alleged willful evasion of federal law and operating an illegal digital assets exchange. In the 74 page complaint, the CFTC claimed that […]

March 27, 2023

Haru Invest, a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its EU operation based in Lithuania. As a VASP authorized business, […]

February 23, 2023

When registering with the CSA, it says crypto exchanges must have enhanced protections for the custody and segregation of crypto assets for Canadian clients and a prohibition on offering margin, credit or other forms of leverage. Platforms are also prohibited […]

February 20, 2023

The Telegraph reports that the company’s Lithuanian subsidiary PayRNet is being investigated by the country’s central bank. PayRNet secured an electronic money institution licence from the Bank of Lithuania in 2020. In a statement, the Bank of Lithuania says: “There […]

February 20, 2023

Hong Kong’s Securities and Futures Commission (SFC) calls for public feedback on its newly proposed licensing regime for cryptocurrency exchanges set to take effect from June 2023. A key consideration of the public consultation window is whether to allow licensed […]

February 17, 2023

Mueller, who has spent more than 20 years combating financial crime at financial institutions including UBS, American Express and Commerzbank, joins from Rabobank North America where he served as AML and sanctions officer for more than six years. Founded in […]

February 16, 2023

‘An Alternative Financing and Investment Platform’ The Oman financial markets regulator, the Oman Capital Market Authority, has said it plans to establish a virtual assets framework to “regulate and develop the market in the Sultanate of Oman.” According to the […]