Anti-Corruption Around the World
May 13, 2021 - Financial Mirror.com - The government has launched a campaign to eradicate corruption in public office, with Justice Minister Emily Yiolitis pledging to carry out the action plan demanded...
May 13, 2021 - Modern Ghana.com - The ruling government has come under heavy criticism for failing to deal with corruption, particularly following the resignation of Martin Amidu as Special Prosecutor and...
May 13, 2021 - Seenews.com - Freedom in Bulgaria is still mainly hampered by political corruption and non-transparent media ownership, US-based independent watchdog organisation Freedom House said...
Barbados
May 13, 2021 - Barbados Today.bb - Bridgetown has been placed on yet another list coming out of Europe, at a time when the country is awaiting the removal of its name from another. Barbados is one of three...
Company Announcements
[Ongoing Story] - May 12, 2021 - The National News.com - Deepthi Nair - Mobile wallet platform Google Pay tied up with money transfer companies Wise and Western Union to allow its US-based users...
[Subscription Required] - May 13, 2021 - WSJ.com - John McCormick - PayPal Holdings Inc. plans to move several core payment-processing applications to Google Cloud as the company experiences an...
May 13, 2021 - IBS Intelligence.com - MoneyGram International, a global leader in cross-border P2P payments and money transfers, has announced a new partnership with Coinme, a leading digital currency...
May 13, 2021 - BloombergQuint - Safaricom Plc of Kenya is holding talks with Amazon.com Inc. about the use of mobile-money service M-Pesa on the e-commerce giant’s platform, part of efforts to expand...
May 13, 2021 - Pymnts.com - U.S. Bank, the fifth largest bank in the U.S., has joined with FinTech company Plaid in an open finance partnership. The collaboration will allow their millions of customers...
May 13, 2021 - Finextra.com - PrinSIX announces it has entered into a partnership with AccountScore, leaders in open banking data analytics. The partnership will allow lenders and other Financial Services...
May 13, 2021 - Finextra.com - Paysend, the UK based global Fintech has the vision to develop the next generation of integrated global payment ecosystem to save time, save money and serve...
May 13, 2021 - Globe Newswire.com - Applied Systems today announced that it has integrated Wawanesa direct bill payment capabilities into its online customer self-service software solution...
Financial Inclusion Around the World
[Subscription Required] - May 13, 2021 - Bloomberg.com - Many people in America lack access to decent, fairly priced financial services. As of 2019, an estimated 7.1 million households had no bank...
May 13, 2021 - Fontana Herald News.com - Despite the existence of a broad array of banks and credit unions, we have a serious problem in California -- one in four households in the Golden State are either unbanked...
May 13, 2021 - PNA.gov.ph - Joann Villanueva - The government’s bid for financial inclusion and digital payments partly gets a lift through collaborative efforts with the private sector, an executive of...
May 12, 2021 - Youth ki Awaaz.com - Akhil Clal - Typical rural economies of developing countries have many constraints in common, such as small landholdings, small savings, non-accumulation of capital...
May 13, 2021 - The Mast Online.com - Oliver Chisenga - Financial inclusion entails access to and informed usage of broad range of quality and affordable savings, credit, payments, insurance and investment...
Fines, Crimes & Cases
[Subscription Required] - May 13, 2021 - Bloomberg.com - Tom Schoenberg - Binance Holdings Ltd. is under investigation by the Justice Department and Internal Revenue Service, ensnaring the world’s...
[Subscription Required] - May 13, 2021 - Compliance Week.com - Kyle Brasseur - GWFS Equities will pay $1.5 million as part of a settlement with the SEC for lapses in the filing of suspicious activity...
May 12, 2021 - Insight Crime.org - While the involvement of Chinese money-laundering rings in handling drug proceeds from Mexico is nothing new, a number of recent court cases in the United States have...
Fintech Around the World
[Opinion] - May 13, 2021 - Your Story.com - Ram Kewalramani - The Indian economy has undergone a radical transformation in the last decade. The confluence of technology and finance, or fintech...
May 13, 2021 - Bobs Guide.com - As the financial services industry confronts the new realities of a post-pandemic era, many firms are beginning to shift toward mutualization models for their technology...
May 12, 2021 - Benzinga.com - Over the past 10 years, the bank-fintech relationship has been based on fear, curiosity, or pragmatism, at various points in time. The main concern banks had at first was that...
Mobile Money Transfer
[Subscription Required] - May 13, 2021 - Telecom Paper.com - Ethiopian Prime Minister Abiy Ahmed says the decision to exclude mobile money from the terms of two new telecom licenses has cost the...
Payment Services
[Opinion] - May 12, 2021 - Finextra.com - Greg Sassone - Commerce is global and customers not only have large domestic footprints but also increasingly global operations and pay supply chains. As business...
May 13, 2021 - The Paypers.com - SWIFT and Accenture have published a paper on central bank digital currencies (CBDCs) in cross-border payments as part of broader digital asset innovation...
May 13, 2021 - Central Banking.com - The Central Bank of Bahrain announced a pilot project to set up an instant cross-border payments system. The central bank said in a statement it hopes to scale up the pilot...
May 13, 2021 - Bobs Guide.com - Jeremy Chan - The past 12 months have accelerated the trend of moving consumers away from cash and more towards digital and contactless payments. With the pandemic...
Philippines
May 13, 2021 - CNN Philippines.com - Anjo Alimario - The anti-terrorism council seeks to dry up the finances of individuals it considers as terrorists. Communist Party of the Philippines founder Jose Maria Sison...
Remittances & Immigration
[Global] - May 13, 2021 - The National News.com - Deepthi Nair - Money remitted to low- and middle-income countries fell 1.6% to $540bn last year compared with a 4.8% drop during the 2009 global...
May 13, 2021 - Business.inquirer.net - Ben O. de Vera - Remittance fees kept low despite tougher times wrought by the COVID-19 pandemic allowed Filipinos abroad to send money back home, resulting...
May 13, 2021 - Indian Express.com - India received over USD83 billion in remittances in 2020, a drop of just 0.2 per cent from the previous year, despite a pandemic that devastated the world...
May 13, 2021 - Nepali Times.com - Upasana Khadka - Remittances from Nepali workers abroad have continued to defy expectations. They have risen to Rs729.02 billion, a 16.5% increase from the same...
May 13, 2021 - VN Express.net - Thuy Tien - Remittances to HCMC are forecast to grow 6.5 percent year-on-year to $6.5 billion this year, setting a new record. Nguyen Hoang Minh, deputy head of the...
State Matter - California
California DFPI License Activity
- AllPaid, Inc. dba GovPayNet, Opened: 4/30/21
- Robinhood Money, LLC, Filed: 4/09/21
- PNC Financial Services Group, Inc., to acquire control of BBVA Transfer Services, Inc., Filed: 4/08/21
- Priority Holdings, LLC, to acquire control of Finxera, Inc., Filed: 4/06/21
-
Adyen, Inc., voluntary Surrender: 4/14/21
- Trans-Fast Remittance, Inc., to change its name to Mastercard Transaction Services (California) Inc., 4/13/21
United Kingdom
May 12, 2021 - JD Supra.com - On 26 April 2021, draft Payment and Electronic Money Institution Insolvency Regulations (Regulations) were brought before the UK Parliament for approval. They will...
May 12, 2021 - Burges-salmon.com - The FCA has published a speech by FCA Chief Executive, Nikhil Rathi, on the UK regulatory landscape post-Brexit and beyond. Of particular interest to clients will be...
May 12, 2021 - Macfarlanes.com - This fine comes amid a wave of recent AML enforcement action, including the FCA’s first criminal proceedings under the Money Laundering Regulations and much larger...
