December 13, 2024
Joe Camberato is the CEO and founder of National Business Capitala leading fintech marketplace offering streamlined loans to small businesses. getty In the United States, fintech companies are regulated by several state and federal agencies. Navigating the regulatory landscape is challenging. In fact, Alloy's 2023 State of Compliance Report reveals that 93% of fintech companies
December 13, 2024
Fintech companies across Africa are looking for solutions to survive in a growing regulatory environment, as policies are put in place to protect consumers in the booming digital payments sector. Tuesday in Casablanca, Morocco, African Financial Summit (AFIS) took up this challenge by organizing a roundtable titled “Innovating under pressure: the future of fintech payments
December 11, 2024
Developments include a comprehensive framework for the issuance of FRTs within the ADGM ADGM, the international financial center of Abu Dhabi, and its Financial Services Regulatory Authority (FSRA) presented a series of recent regulatory enhancements at Fintech Abu Dhabi, as part of Abu Dhabi Financial Week (ADFW 2024). Developments include a comprehensive framework for the
December 10, 2024
By Dimpal Gulwani and Siddhi Nayak (Reuters) - India's Paytm barely slowed its second-quarter revenue decline, while its user base shrank in its key digital payments business, pointing to a slower-than-expected recovery from the shutdown of its banking unit ordered by the central bank. Shares of Paytm, which in May had forecast a "significant improvement"
December 3, 2024
As the month of October begins in earnest, Finovate Financial Technology Overview sharing news of accelerated payments to help those affected by Hurricane Helene, another partnership to help new Canadians get credit, as well as a major investment in cross-border payments and a major acquisition in prevention fraud. Be sure to check back all week
November 28, 2024
Share Tweet Share Share E-mail As fintech companies continue to expand globally, one of the most complex challenges they face is navigating data localization laws. These regulations, which dictate how and where personal and financial data is stored, processed and accessed, have far-reaching implications for data security, compliance
November 26, 2024
The year 2024 brought significant updates to tax regulations that are essential for financial professionals and businesses to understand. Comply with the exchange recently developed a guide that examines crucial regulatory changes that could affect businesses' tax reporting and compliance strategies. The first section – an overview of changes in the industry – highlights forms-specific
November 21, 2024
November 21, 2024 Written by FinTech Alliance in Financial Technology Brazilian fintech giant Nubank is considering moving its legal domicile from the Cayman Islands to the United Kingdom. The decision, which is reportedly being discussed with the UK government, aligns with the UK's efforts to attract global technology companies. Although Nubank's operations would remain in
November 19, 2024
Brief On July 26, 2024, the Monetary Authority of Singapore (MAS) updated the Licensing Guidelines for Payment Service Providers (PS-G01) (“Guidelines"), which came into force on August 26, 2024. These changes are applicable to current and future Standard Payment Institutions (SPIs) and Large Payment Institutions (MPIs) under the Payment Services Act (PSA) . The updates
November 19, 2024
Free newsletter Receive the latest Swiss Fintech news once a month in your inbox The regulatory landscape for cryptocurrencies has undergone a significant transformation in 2024, with the European Union (EU) taking the lead through landmark initiatives such as the Markets in Crypto Assets (MiCA) Regulation, but also stablecoin guidelines as well as updates to
November 15, 2024
It is now rare for a week to go by without at least one regulator publishing new guidance or updates related to environmental, social and governance (ESG). For example, the United Kingdom's Financial Conduct Authority (FCA) has just introduces temporary measures for companies involved in sustainable investment as part of its broader SDR and investment
November 15, 2024
Uzbekistan's fintech sector has revealed its financial performance for the first time under new disclosure requirements, highlighting a varied financial landscape with many companies reporting losses. According to third-quarter financial reports, more than half of fintech companies disclosing data ended the period with net losses, while some high-profile players demonstrated substantial profitability. The reporting changes
