September 4, 2024
There is also a growing perception within the fintech sector of regulatory barriers hindering the sector's growth. Some fintech companies have also come out in support by writing to the finance minister and the RBI governor after the central bank banned Paytm Payments Bank from accepting deposits. While the two self-regulatory organisations (SROs) - Digital
September 4, 2024
Singapore, 8 May 2024… The United Kingdom and Singapore held the 9th UK-Singapore Financial Dialogue in Singapore today. The two countries discussed opportunities for collaboration in priority areas such as sustainable finance, FinTech and innovation, and exchanged views on recent developments in non-bank financial intermediation (NBFI) and efforts to improve cross-border payments connectivity. Sustainable finance
September 4, 2024
Increased regulation in the Indian Fintech Sector This will significantly benefit the industry by keeping out bad actors and strengthening the competitive advantage of those who play by the rules, it said. Nigel Morrismanaging partner, QED Investors. In an exclusive interview to ET, he said that the recent crackdown by the Indian central bank on
September 4, 2024
A draft decree on a regulatory sandbox for fintech has been submitted to the government, which will provide a framework for fintech solutions including credit scoring, open application programming interface (API) and P2P lending. — Photo tapchitaichinh.vn HÀ NỘI — The State Bank of Vietnam has submitted to the government a draft decree on a
September 4, 2024
4 minutes reading time Last updated: July 17, 2024 | 11:20 p.m. IST The fintech industry, which has been caught between increased scrutiny from the Reserve Bank of India (RBI) and a harsh funding winter, is looking ahead to Budget 2025 with hope. The industry is looking for a favorable tax framework for startups, as
September 4, 2024
The Council of the European Union has adopted a new regulation that will make instant payments fully available in euros for consumers and businesses in all EU and EEA countries. The new regulation was introduced to improve the strategic autonomy of European economic and financial sectors, reducing what the EU calls "excessive reliance" on third-country
September 4, 2024
Over the last five years, the UK fintech sector has undergone significant change, driven by technological advances and regulatory reforms. These developments have collectively driven growth and innovation while presenting new challenges for businesses operating in this environment. Alexei Glukhov and Yevgeny Mishchenko, co-founders of UK financial technology company Payrowshare their thoughts on these transformative
September 4, 2024
In a recent Fenergo During the webinar “Guidance on Global Regulatory Changes in 2024”, experts examined upcoming regulatory trends for 2024. The focus was on planned adjustments to anti-money laundering (AML) and know your customer (KYC) regulations. One of the key points discussed was the introduction of FinCEN’s new Beneficial Ownership Information (BOI) reporting rules
September 4, 2024
Free Newsletter Get the latest Swiss Fintech news delivered to your inbox once a month New regulations in the European Union (EU) regarding payments and access to financial data lay the foundation for open finance. While these initiatives aim to drive innovation and improve the customer experience in the financial services industry, they can also
September 4, 2024
Mumbai: India's first recognised self-regulatory organisation for fintech companies will set up an enforcement committee to investigate malpractices, its chief executive said in an interview. It will also sign bilateral agreements with its members as it seeks to expand its membership base. “SRO recognition is the highest accolade an association can aspire to receive,” said
