December 27, 2023 @ 7:23 pm By Omar Faridi  |  

The Financial Services Regulatory Authority (FSRA) has announced revisions to its Anti-Money Laundering and Sanctions Rules and Guidance (the AML Rulebook). The FSRA has made revisions that “clarify the requirements that previously appeared in the AML Rulebook, reflecting the federal regulatory framework the UAE has… Read More

 Tagged adgm, aml, anti money laundering, dispute resolution, financial services regulatory authority, fsra, mena, mena region, middle east, sanctions rules and guidance, uae, united arab emirates

December 27, 2023 @ 7:16 pm By Omar Faridi  |  

Payble, a provider of payments workflow and customer engagement software, announced it has closed a $3.5 million funding round led by OIF Ventures. The new funding will be used “to continue to capitalize on strong demand for Payble’s citizen-centric payment solution in its beachhead segment… Read More

 Tagged oif ventures, payble, payments

December 27, 2023 @ 7:14 pm By Michael Wong  |  

Corporate payments startup EnKash has achieved a significant milestone by securing regulatory approval from the Reserve Bank of India (RBI) to operate as a payment aggregator under the brand name “Olympus”. This approval marks a pivotal moment for EnKash, reinforcing its commitment to compliance and… Read More

 Tagged EnKash, india, payments, rbi

December 27, 2023 @ 5:16 pm By Omar Faridi  |  

At Payments Canada they aim to dedicate resources to the delivery, operation and governance of payment systems that are innovative, secure and globally connected. As the fourth quarter of 2023 is quickly coming to a close, Tracey Black, the President and CEO at Payments Canada,… Read More

 Tagged canada, digital payments, online transactions, Payment Systems, payments canada, virtual payments

December 27, 2023 @ 9:02 am By Tony Zerucha  |  

The American Fintech Council (AFC) this week announced its support for The Fair Audits and Inspections for Regulators’ (FAIR) Exams Act. The organization said bipartisan legislation introduced by U.S. Sen. Jerry Moran (R-KS) and co-sponsored by U.S. Sens Joe Manchin (D-WV), Bill Hagerty (R-TN), and Thom… Read More

 Tagged american fintech council, bill hagerty, FAIR Exams Act, Ian P. Moloney, jerry moran, joe manchin, Phil Goldfeder, thom tillis

December 27, 2023 @ 8:58 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA) is launching a new framework for Notified Professional Investor Funds (NPIFs). The framework provides for “an additional fund structure in Malta that benefits from an appropriately streamlined onboarding process and complements other existing fund frameworks.” The MFSA is launching… Read More

 Tagged investing, investments, malta, malta financial services authority, mfsa

December 26, 2023 @ 11:42 pm By Omar Faridi  |  

Mox Bank Limited announced that customers can now earn Asia Miles instantly upon placing a Time Deposit “without waiting until maturity.” Mox claims that it is the first and “only” bank in Hong Kong to “offer such a reward, allowing customers to use Asia Miles… Read More

 Tagged banking, barbaros uygun, digital banking, mox, mox bank

December 26, 2023 @ 10:04 pm By Omar Faridi  |  

The Central Bank of Kuwait (CBK) announced that Kuwait Clearing Company (KCC) has now joined the Real Time Gross Settlement System (KASSIP), “effective Sunday 24/12/2023 upon completion of automated linking and passing the technical tests.” The system would thereby “execute final settlements for financial transactions… Read More

 Tagged central bank of kuwait, mena, middle east, real-time transactions

December 26, 2023 @ 9:40 pm By Omar Faridi  |  

Pakistan’s Fintech firm SadaPay recently explained how retaining your earnings in USD with SadaBiz change the game for your freelancing career. With this feature, the Fintech company explains that it is turning your most requested need into a reality, reshaping how you interact with your… Read More

 Tagged pakistan, sadabiz, sadapay

December 26, 2023 @ 11:21 am By Tony Zerucha  |  

A new Surfshark study finds several Fintech apps do more than provide advice and service – they also collect and share user data. The research highlights that fintech apps collect significant user data, particularly Paypal and Robinhood. Mint shares 70% of collected data. One in… Read More

 Tagged Agneska Sablovskaja, surfshark