07/23/2024
“A key element of our growth strategy is the expansion into virtual banking, and this licence represents important progress towards achieving that goal,” Law adds.
07/23/2024
The regulation of high risk / unacceptable risk AI systems is to be welcomed to the extent that it safeguards the consumer and leads to greater transparency concerning its use.
07/23/2024
This development means that Modulr can once again enlist A&D partners to issue electronic money on its behalf to expand the reach of its payment services.
07/22/2024
The authority said islanders should be "particularly cautious" of scammers trying to trick people using the the worldwide IT outage as part of their cover story.
07/22/2024
The regulator goes on to clarify that participants are “expected to comply with the sandbox requirements”
07/19/2024
The judge said the 18 months Anatoly Legkodymoc had already served in Brooklyn’s “terrible” MDC was enough punishment.
07/18/2024
The proposed regulatory requirements and implementation arrangements received general support from respondents, with some further enhancements suggested in the submissions.
07/18/2024
The agreement was set into motion the following July.
07/17/2024
This platform facilitates access to their account information at all times, enables management of their accounts efficiently, and provides instant monitoring of transactions to and from government entities.
07/16/2024
Nikhil Rathi, chief executive, FCA, says: "The UK is seeing a seismic shift in how people pay, as digital wallets become a part of everyday life for many people.
07/16/2024
For added security the service performs a Confirmation of Payee (CoP) check requiring the recipient’s name to match that on the name on the bank account holder before the payment is transferred.
07/15/2024
The AI Act cleared the legislative process in May, ahead of the European Parliament elections, and has now been published in the Official Journal of the EU.
07/15/2024
The public is also encouraged to verify the authenticity of social media posts and report any suspicious activities.
07/15/2024
The meeting took place last week was intended to offer the chance to exchange views on copyright and AI and the possible need for regulatory action.
07/12/2024
While the regulator relaxed measures this year for some of the firms, it has warned that the pressure won’t let up for those that don’t improve controls.
07/11/2024
In a statement, the FNTT says "the identities of the company's customers were not properly determined and checked intentionally, in order not to lose a significant part of the income".
07/11/2024
Our cooperation with VFS Global will enhance the competitiveness of Dubai’s private sector by facilitating smoother entry into global markets.
07/11/2024
Payeer was fined approximately $10 million after it allegedly allowed transfers to sanctioned banks.
07/10/2024
The committee is proposing 12 principles for banks and regulators, saying that banks’ boards have the final responsibility in overseeing third-party arrangements.
07/09/2024
This significant achievement aligns with EdfaPay's vision to empower the global financial landscape.