February 26, 2024
Synchrony Says KYC Will Determine Authentication’s Future

Authentication in the payments space is continuously evolving. But one constant is that any innovation needs to strike a winning balance between enhancing security and improving user experience. “Identity theft,...

February 22, 2024
Raiffeisen Bank International Discloses Investigation by Austrian Financial Regulator FMA

Raiffeisen Bank International (RBI) disclosed Thursday (Feb. 22) that it is being investigated by Austria’s financial regulator, FMA, over alleged anti-money laundering (AML) failures. The bank said in its annual report that...

February 22, 2024
India Cracks Down on ‘Sketchy’ FinTech KYC Rules

India’s banking regulator has made some high-profile enforcement moves in recent weeks. Last month, the Reserve Bank of India (RBI) ordered Paytm Payments Bank to halt its businesses after an...

February 20, 2024
Archer Adds AI-Driven RegTech Solutions With Compliance.ai Acquisition

Archer, a provider of risk management solutions, has acquired Compliance.ai, a supplier of artificial intelligence (AI)-driven regulatory change management solutions. This acquisition is expected to empower Archer clients with AI technology...

February 16, 2024
Hawk AI Appoints Napier Veteran Robin Lee APAC General Manager

Hawk AI, a provider of artificial intelligence (AI)-powered technology for fraud and anti-money laundering (AML) surveillance, has appointed Robin Lee as general manager for the Asia-Pacific (APAC) region. This appointment highlights Hawk...

February 16, 2024
Reserve Bank of India Wants ‘Hands-Off’ Approach to FinTech Regulation

The Reserve Bank of India (RBI) reportedly wants to take a “hands-off” approach to regulating FinTechs. At the same time, the central bank expects these firms to follow rules on...

February 15, 2024
RockWallet Acquires Wyre’s Customer Base, Launches Reactivation Process

RockWallet, a self-custodial, multicurrency wallet, has announced the acquisition of the customer base of Wyre, a crypto payment platform that shut down in June 2023. This development allows former Wyre clients...

February 14, 2024
Visa, Mastercard Pause BPSP Payments in India Amid Industry-Wide Investigation

Visa and Mastercard have reportedly paused intermediated commercial card payments in India following an order by the country’s financial market regulator. The Reserve Bank of India (RBI) directed the firms to...

February 14, 2024
UK Finance Watchdog Pulls 35 Crypto Apps Off Market

The U.K.’s financial watchdog says cryptocurrency companies still aren’t following the country’s new advertising law. The Financial Conduct Authority (FCA) noted the need for compliance Wednesday (Feb. 14) in a report that...