Category : Compliance management

Balance Introduces Balance Compliance for Canadian MSBs Dealing in Virtual Currency
Blockchain Compliance management News

Balance Introduces Balance Compliance for Canadian MSBs Dealing in Virtual Currency

Fintech News Desk
by Fintech News Desk0
Balance, Canada’s largest digital asset custodian, unveiled Balance Compliance, a turnkey solution which streamlines regulatory compliance for FINTRAC reporting entities dealing in virtual currency such as money services businesses (MSBs). Balance, Canada’s largest digital asset custodian, today unveiled Balance Compliance, a turnkey solution which streamlines regulatory compliance for FINTRAC reporting......
Will Retailers Pay Later for BNPL Fraud?
Compliance management Digital Payments Fintech Primers

Will Retailers Pay Later for BNPL Fraud?

Jimmy Fong
by Jimmy Fong0
Buy Now, Pay Later (BNPL) companies are more popular than ever, having quickly become a $100bn industry in the past few years. This rise has attracted more users, companies and investors to the sector. Sadly, fraudsters always follow the money, which has sadly made the industry a target. Now, in......
Avalara to be Acquired by Vista Equity Partners for $8.4 Billion
Compliance management Investments News

Avalara to be Acquired by Vista Equity Partners for $8.4 Billion

Fintech News Desk
by Fintech News Desk0
Avalara to become a private company upon completion of the transaction Avalara, Inc., a leading provider of tax compliance automation for businesses of all sizes, announced it has entered into a definitive agreement to be acquired by Vista Equity Partners, a leading global investment firm focused exclusively on enterprise software,......
Players Health Launches Breakthrough Sports Insurance Product on Socotra’s Modern Policy Core Platform
Compliance management Consumer protection laws Credit Bureaus Featured

Latest Advisory to Protect Privacy When Companies Compile Personal Data

Fintech Staff Writer
by Fintech Staff Writer0
Advisory affirms that “permissible purposes” are required to use and share personal data linked with credit reports and background reports Today, the Consumer Financial Protection Bureau (CFPB) issued a legal interpretation to ensure that companies that use and share credit reports and background reports have a permissible purpose under the......
GreenBox POS and Armanino Sign Partnership
Compliance management Featured Fintech News

GreenBox POS and Armanino Sign Partnership To Attest to All GreenBox Custodial Accounts in Real-Time.

Fintech Staff Writer
by Fintech Staff Writer0
GreenBox POS becomes one of the industry’s first to ensure real-time custodial account attestations through agreement with Armanino. GreenBox has consistently challenged the stablecoin industry to fully fund custodial accounts and attest in real time — both are now possible through partnership with innovative accounting and consulting firm Armanino. GreenBox......
CFPB Seeks Ban Against Operator of Student Loan Debt Relief Scam Reboot
Compliance management Consumer protection laws Featured Insights

CFPB Seeks Ban Against Operator of Student Loan Debt Relief Scam Reboot

Fintech Staff Writer
by Fintech Staff Writer0
Today the Consumer Financial Protection Bureau (CFPB) took action against the owner of a student-loan debt relief company for allegedly withdrawing hundreds of thousands of dollars from student borrowers’ bank accounts, without authorization. The CFPB alleges that Frank Gebase, Jr. controlled a company that took the borrowers’ money after obtaining......
Guardforce AI gets $19 Million in Extended Contract with Government Savings Bank of Thailand
Compliance management

Guardforce AI Gets $19 Million in Extended Contract with Government Savings Bank of Thailand

Fintech News Desk
by Fintech News Desk0
Guardforce Cash Solutions (Thailand) Company Limited, the secured logistic subsidiary of Guardforce AI has renewed the contract for ATM (automated teller machine) services for Government Savings Bank (GSB), Thailand. The contract is valid for 3years starting from 1st June 2022, and the value of this renewal is worth approximately $19.5Mn. ......
ACA Group and Foreside Complete Merger Combined Firm Will Be Known As ACA
Compliance management Finance News

ACA Group and Foreside Complete Merger; Combined Firm Will Be Known As ACA

Fintech News Desk
by Fintech News Desk0
The merger brings together two of the industry’s most well-respected GRC solutions providers. ACA and Foreside together will be positioned to transform the future of GRC, creating a world-class platform for the financial services industry ACA Group and Foreside Financial Group, LLC, two of the leading providers of governance, risk,......
CFPB Acts to Protect the Public from Black-Box Credit Models Using Complex Algorithms
Compliance management Consumer protection laws Featured

CFPB Acts to Protect the Public from Black-Box Credit Models Using Complex Algorithms

Sudipto Ghosh
by Sudipto Ghosh0
Companies relying on complex algorithms must provide specific and accurate explanations for denying applications The Consumer Financial Protection Bureau (CFPB) confirmed that federal anti-discrimination law requires companies to explain to applicants the specific reasons for denying an application for credit or taking other adverse actions, even if the creditor is......
1