Category: Policy and Regulation

The Bank of Lithuania has fined Revolut, a major European banking player, after an investigation revealed deficiencies in its monitoring of business relationships and customer…

DailyPay is transforming employee wage access with its on-demand pay services for a fee of $3.49, benefiting over five million users and facilitating over $40…

A significant cybersecurity breach has been reported to Congress, involving unauthorized access to sensitive information of federally regulated institutions. Discovered on February 11, the hack…

Hawk, a regtech company, has secured significant funding from investors like Macquarie Capital and Rabobank to enhance its AI-driven solutions for anti-money laundering (AML) and…

The VoP scheme, launching on October 5, aims to transform the European payment landscape by enabling Payment Service Providers (PSPs) to verify payees during instant…

A recent survey reveals strong regulatory confidence among financial institutions, with 96% expressing optimism about meeting compliance deadlines by 2025. However, challenges remain, particularly regarding…

The Payment Systems Regulator (PSR) is consulting on increasing transparency in card payment fees for merchants and acquirers, following a market review that revealed Visa…

Following Donald Trump’s election, UK stakeholders in the cryptocurrency sector are urging the country to lead in the global blockchain race. A letter from a…

Recent issues with the ASX’s Chess system have raised operational reliability concerns in the Australian equity market. A memory allocation problem prevented batch settlements for…

The Federal Deposit Insurance Corporation (FDIC) has announced a shift in its regulatory stance, allowing banks to engage in crypto-related activities, provided they manage associated…