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Tag: RegTech


Invest tech, Mobile payments, Paytech, RegTech

Visa and Mastercard Reaction as UK Payments Regulator Plans Crackdown on Fees

May 21, 2024

Via: The Fintech Times

The report reveals that over the past five years, scheme and processing fees have surged by more than 30 per cent in real terms, without corresponding improvements in service quality. Mastercard and Visa cards account for 95 per cent of […]


Paytech, Wholesale

Paystand buys Teampay to enhance B2B payments platform with corporate spend management

April 29, 2024

Via: FinTech Futures

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 […]


Invest tech, RegTech

Mastercard Backs PXP Financial Efforts to Protect Cardholders as Fraud Levels Rise

April 10, 2024

Via: The Fintech Times

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 […]


Invest tech, RegTech

What Regulatory Challenges Should Banks and Fintechs be Aware of When Leveraging BaaS?

April 8, 2024

Via: The Fintech Times

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 […]


Invest tech, RegTech

UK’s FCA and Bank of England launch consultation for Digital Securities Sandbox

April 4, 2024

Via: FinTech Futures

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seeks to propose a suitable approach to how the DSS is run, including its rules and fee structures, alongside a draft guidance document for potential applicants.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 […]


Invest tech, RegTech

UK regtech GSS lands £37m in Series A2 funding round

March 26, 2024

Via: FinTech Futures

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 […]


Banking Tech, Mobile Banking

It’s time for core banking to get real

February 9, 2024

Via: FinTech Futures

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 […]


Invest tech, RegTech

Regtech Qomply hires former FCA regulator as director of transaction reporting

November 3, 2023

Via: FinTech Futures

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 […]


Banking Tech, Mobile Banking

Payoneer partners with Etsy

October 26, 2023

Via: ThePaypers

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. […]


InsurTech, Invest tech

Fintech startup Ramp raises $300M at a 28% lower valuation of $5.8B

August 22, 2023

Via: TechCrunch

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 […]


Invest tech, RegTech

Redefining Regulation: Innovate Finance Urges UK to Prioritise Fintech Innovation

August 18, 2023

Via: The Fintech Times

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 […]


Invest tech, Trading

US Senate approves national defense bill that also targets crypto mixers

July 28, 2023

Via: Cointelegraph

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 […]


Invest tech, WealthTech

FinTech Futures: Top five stories of the week – 7 July 2023

July 7, 2023

Via: FinTech Futures

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 […]


Editorial

How RegTech Is Reshaping Finance: Market Size, Advantages, Challenges, and the Leading Companies in 2023

May 5, 2023

Via: Lilian Cooper

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 […]


Invest tech, RegTech

US and China try to crush Binance, SBF’s $40M bribe claim: Asia Express

March 30, 2023

Via: Cointelegraph

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 […]


Invest tech, RegTech

Crypto Asset Management Platform Haru Invest Obtains VASP Authorization for Its EU Operation From Lithuania

March 27, 2023

Via: Fintech News

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, […]


Blockchain, Crypto, Invest tech, RegTech

Canada’s securities regulator tightens rules for crypto exchanges

February 23, 2023

Via: FinTech Futures

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 […]


Invest tech, RegTech

Lithuania’s central bank reportedly investigating Railsr over AML failures

February 20, 2023

Via: FinTech Futures

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 […]


Invest tech, RegTech

Hong Kong outlines upcoming crypto licensing regime

February 20, 2023

Via: Cointelegraph

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 […]


Invest tech, RegTech

AI regtech WorkFusion names Arthur Mueller VP of financial crime

February 17, 2023

Via: FinTech Futures

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 […]