The UK is looking to regulate Buy Now, Pay Later lenders. Meanwhile in the US, the Consumer Financial Protection Bureau is reducing fines on previous enforcement actions. It’s a tale of two very different regulatory trends depending on which side of the Atlantic you’re on.
We’ve got the latest regtech news along with the rest of the top headlines in fintech right here in this week’s edition of the Fintech Rundown!
Payments
Ripple reports that Zand Bank and fintech platform Mamo have deployed its blockchain-enabled payments solution, the first UAE-based financial institutions to do so.
French fintech Next Generation chooses enterprise platform Fireblocks to power its payment ecosystem.
Global Payments unveils new POS command center for business operations, Genius.
PayPal launches its Complete Payments service in Singapore.
Albertsons Companies offers invoice-based payment for its business customers courtesy of its partnership with TreviPay.
AAA Life Insurance partners with payments network One Inc. to support digital payment processing.
Digital banking
Finovate Best of Show winner Tuum launches suite of Islamic Banking solutions to enable financial institutions to offer more Sharia-compliant banking products.
Fraud prevention
Money and safety app for families, Greenlight, introduces Family Shield to help caregivers protect seniors from financial fraud.
Identity verification and fraud prevention services provider AU10TIX launches continuous AML risk monitoring.
MRI Software integrates Nova Credit’s Income Navigator into its fraud prevention and application qualification solution.
DeFi / crypto
Non-custodial stablecoin wallet MiniPay is now available as a standalone application on iOS devices.
Investment / wealth management
U.S. Bank Global Fund Services turns to Fenergo to digitize and streamline its investor onboarding and service experience.
Regtech
Risk management company EverC launches its AI-powered risk assessment solution for marketplaces, Smart Scan.