The Future of RegTech

The Future of RegTech Author Attribution: Andrew Davies, Global Head of Regulatory Affairs at ComplyAdvantage Andrew is a veteran of the financial crime risk management world. Before joining ComplyAdvantage, he served as vice president of global market strategy at Fiserv. Andrew works with customers worldwide to design and deploy effective risk management solutions to mitigate…

Blockchain, the solution to cross-border payments

Blockchain, the solution to cross-border payments In 2022 global cross-border payments reached 156 million dollars but what are cross-border payments? Let’s start in parts, cross-border payments are those that are made in different countries. These are vital to individuals, businesses, businesses, industries, and international development organizations. However, the fees for these types of cross-border transactions…

Digital remittance services and its Impact on Remittance Volumes to Africa

Digital remittance services and its Impact on Remittance Volumes to Africa By: Emeka Madu, Co-Founder/CEO, RemitPlus Digital remittance to Africa enhances access and convenience to much-needed cash, which is critical for many people’s financial survival, growth, and development. Reliance on digital remittance has emerged as the perfect solution. Let us look at the impact of…

Marina Olman Interview

Marina Olman-Pal Greenberg Traurig Shareholder Practice focus: Financial Services Regulatory Compliance, Fintech, Payments, Banking, Blockchain & Digital Assets, Corporate, Latin America Practice XT. Tell us about your professional trajectory and the role you have within your company. MO. I began my legal career focusing my practice on bank regulatory compliance matters and was fortunate to…

Revolution or evolution? Digital remittance in Asia Pacific

Revolution or evolution? Digital remittance in Asia Pacific Cross-border payments are the lifeline of many developing and exporter markets. Asia Pacific is no exception. Research shows that companies want their beneficiaries to receive cross-border payments faster—within 3 business days or less (78%).[1] With Visa Direct, Visa’s real-time* money movement solution, we have seen increased demand…

Navigating the money transmitters licensing process

Preparing for an Independent Review of a Money Services Business’s (MSB) AML Program Originally published October 21, 2022 https://www.batesgroup.com/news/preparing-for-an-independent-review-of-msb-aml-program Money services businesses (“MSBs”) are required to conduct independent reviews to ensure their anti-money-laundering (“AML”) programs comply with Bank Secrecy Act (“BSA”) requirements. Under the BSA, MSBs must develop programs that identify and assess AML risks…

NEAR Protocol – The Future of Web 3.0

I will explain why NEAR will be the next blockchain capable of becoming the future of Web3. Web3 is the name that various technology specialists have assigned to a new type of internet service built using decentralized blockchains, that is, shared ledger systems that use cryptocurrencies such as Bitcoin and Ethereum. However, some critics believe…