The Puerto Rico International Financial Entity is designed to engage in a wide range of financial activities on an international scale, including banking, investment, asset management, and other financial services.
A regulatory sandbox is a controlled environment or framework created by regulatory authorities to allow fintech companies to test and experiment with new products, services, or business models in a supervised and flexible manner.
(PSD2) is a regulatory framework introduced by the European Union (EU) to regulate payment services and promote innovation in the financial industry.
State money transmitter licenses are generally required for businesses that engage in activities related to the transfer of money or monetary value.
In the United Kingdom, a payment institution is a type of regulated financial institution that is authorized by the Financial Conduct Authority (FCA) to provide payment services.