Businesses have been looking for making cross-border transactions as seamless as possible for both themselves and their clients for years. The traditional banking system has a laborious and time-consuming onboarding process and thus, high-risk merchants face most problems regarding international payments. If you are looking for ways to hassle-free overseas payments, virtual IBAN can play a significant role in solving […]
Forex trading essentially means buying and selling currencies to make a profit. It has grown to become the world’s largest financial market, and one does not need a lot of money to get started in the business of forex trading. Through this blog, let us learn what exactly forex trading is, and how it operates. What is forex trading? Foreign […]
Every day, millions of transactions take place all around the world. These transactions are tracked in order to have a clear picture of the customer’s activities. Transaction monitoring is the practice of keeping track of the client’s activities. Let’s take a look at what a transaction monitoring system is and why it is necessary. Understanding Transaction Monitoring Transaction monitoring is […]
A payment gateway or PSP (Payment Service Provider) is a service that authorizes and processes payments in online and physical stores. A gateway acts as a portal to facilitate the flow of transactions between customers and merchants. It uses security and encryption protocols to transmit transaction data securely. Data is transferred from the website to payment processors/banks and vice versa. […]
Remember the last time you went to dinner and you and your friends split the bill using Venmo or Google Pay? Or you paid for your beverages using Apple Pay? Or that time when you paid for your Uber ride with your mobile wallet? You may not have realised but fintech has become an essential part of your as well […]
Fintech is a generic term used to define financial technology companies. Fintech is transforming the way people do business, making processes more efficient and safer, just as technology achieves. Several blockchain and payment startups in the UAE fintech scene are breaking traditional models such as banking and payment services. The UAE’s fintech industry is booming as it increasingly embraces new […]
A CySEC license is one of the most recognized forex licenses to get, depending on your structure, whether you are an established brokerage, a forex IB, or a white label. Not just for the safety, it offers to the traders, but also for your financial structures, top organizational setups, the EU passport, and the opportunities it opens up for future […]
Every industry faces the threat of money laundering and terrorist financing, but certain industries are more vulnerable than others, hence making them a part of the ‘high-risk’ sector. Let’s look at what money laundering and terrorist financing are, as well as which activities and businesses are more vulnerable. Money Laundering Money laundering is the illicit practice of making large sums […]
It is not unknown to anyone that the E-Commerce industry has been growing progressively, and the figures asserting the volume of E-commerce transactions have been escalating. Fintech and other payment processing startups have been popping up left and right throughout the globe and the pandemic has been nothing but kind to this industry. Credit cards and Debit cards are considered […]
Fintechs are handled like different monetary offerings firms.The PRA is the prudential regulator and the FCA is the behavior regulator for banks, insurers, and the most important funding firms. The FCA is the only regulator for different firms.The Payment Systems Regulator (PSR) has a duty for the oversight of retail price structures and is a subsidiary of the FCA. It […]
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