Navigating New Standards: Shopify Simplifies PCI DSS Version 4 Compliance
- 1 year 6 months ago
- Compliance
On March 31, 2025, new mandatory requirements of PCI Data Security Standards Version 4.0 (PCI DSS v4.0) will come into effect. Among the critical updates from the Payment Card Industry Security Standards Council, led by major credit card companies, is the introduction of measures designed to prevent digital skimming attacks.
eToro Achieves SOC 2 Type II Compliance Certification
- 1 year 6 months ago
- Compliance
Trading and investing platform eToro, announced it has achieved SOC 2 Type II compliance certification, demonstrating a strong commitment to operational excellence throughout its cryptoasset custody operations.
PhotonPay Enhances Global Payment Solutions With Robust Compliance and Risk Solutions
- 1 year 6 months ago
- Compliance
Fintech compliance is an increasingly important aspect of the financial industry. As the fintech industry continues to grow and evolve, so do the demands for regulatory compliance. PhotonPay, a leading digital financial infrastructure provider, drives innovation through global licenses, strategic partnerships with top financial institutions, and local teams delivering secure and scalable payment solutions worldwide.
CFPB Orders Wise to Pay $2.5 Million for Illegal Remittance Practices
- 1 year 7 months ago
- Compliance
The Consumer Financial Protection Bureau (CFPB) today ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions, including advertising inaccurate fees and failing to properly disclose exchange rates and other costs. Wise allows customers to send, receive, and store remittances through a mobile app and prepaid accounts and debit cards. The CFPB found the company misled customers in the United... more
Finastra’s User Connect Series Emphasizes the Need for Productivity and Growth, Offers Strategies for Compliance
- 1 year 7 months ago
- Compliance
Finastra, a global provider of financial software applications, hosted leaders from community banks and credit unions across the United States to discuss trends and innovation in consumer, commercial and mortgage lending. The User Connect series, open to current Finastra lending customers, took place in Chicago, Illinois; Scottsdale, Arizona; and Orlando, Florida.
Nearly Three-Quarters of Businesses Feel Overburdened in the Fight Against Financial Crime
- 1 year 7 months ago
- Compliance
New data released by SmartSearch, the UK’s leading provider of digital compliance and anti-money laundering (AML) solutions, found that almost three-quarters (72%) of regulated companies feel overwhelmed by ongoing anti-financial crime compliance demands.
Eastnets Satisfies Requirements For The EU Digital Operational Resilience Act (DORA)
- 1 year 7 months ago
- Compliance
Eastnets, a global leader in compliance and payments solutions, announces that it satisfies the requirements of the EU’s Digital Operational Resilience Act (DORA), ensuring readiness ahead of its enforcement on January 17, 2025.
Profile Software Introduces AI-Driven Solution For DORA Compliance
- 1 year 7 months ago
- Compliance
Profile, a leading global financial solutions provider, announces the development and release of a cutting-edge solution within its AI.Adaptive platform. This new offering is designed to assist banks and financial organisations in ensuring compliance with the DORA, the European Digital Operational Resilience Act framework.
Singapore’s Financial Sector Must Brace For Heightened Regulatory Scrutiny And Enforcement Action In 2025
- 1 year 7 months ago
- Compliance
Fenergo, the leading provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, announced today the findings of its annual report on global financial institution enforcement actions. Global regulatory fines in 2024 saw a decline in value from US$6.57 billion in 2023 to US$4.6 billion—a reduction of 30%. The APAC region as a whole saw the total penalty value drop by 98%, from US$1.41... more
Deutsche Bank Subsidiary to Pay $4 Million for Untimely Filing Certain Suspicious Activity Reports
- 1 year 8 months ago
- Compliance
The Securities and Exchange Commission today charged registered broker-dealer Deutsche Bank Securities Inc., a subsidiary of Deutsche Bank AG, for failing to file certain Suspicious Activity Reports (SARs) in a timely manner. Deutsche Bank Securities has agreed to pay a $4 million civil penalty to settle the SEC’s charges.
ZBD Becomes First To Receive EU MiCAR License Approval
- 1 year 8 months ago
- Compliance
ZBD, the innovative payments company at the forefront of digital economies, today announced it has become the first company to receive approval for the new European Union (EU) crypto-asset service provider license under MiCAR (Markets in Crypto-Assets Regulation). This landmark achievement represents a major milestone both in crypto-asset regulation in the EU and in ZBD's journey to build a digital-native payments platform on top of the Bitcoin... more
Wolters Kluwer Integrates Sonicu Platform Into Simplifi 797 To Support USP Compliance
- 1 year 8 months ago
- Compliance
The United States Pharmacopeia’s (USP) newer compliance guidelines for compounding pharmacies include more stringent requirements for cleanroom environmental monitoring.
S-RM Shares Five Key Steps To Prepare For DORA
- 1 year 8 months ago
- Compliance
Leading global cyber security and investigations consultancy S-RM has identified five critical steps for financial institutions and their ICT providers to achieve compliance with the Digital Operational Resilience Act (DORA), which will enter force from 17 January 2025.
Simplifying PCI Compliance and Elevating Payment Security: IXOPAY Merges with Aperia Compliance
- 1 year 9 months ago
- Compliance
I am beyond excited to share a transformative milestone in our journey to redefine the payments industry. Today, IXOPAY proudly announces its merger with Aperia Compliance, a global leader in Payment Card Industry (PCI) validation and risk management.
Innovative Systems Introduces FinScan Marketplace: A Unified AML Platform
- 1 year 9 months ago
- Compliance
Innovative Systems, Inc., a leading provider of enterprise data, compliance, and integration solutions, has launched FinScan® Marketplace, a groundbreaking platform designed to serve as a one-stop shop for anti-money laundering (AML) compliance.
