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.
The purpose of the IBAN is to provide a unique identifier for each bank account across the multitude of financial institutions, making it easier to process international payments accurately and efficiently.
State money transmitter licenses are generally required for businesses that engage in activities related to the transfer of money or monetary value.
Know Your Transaction” (KYT) is a term that refers to the process of monitoring and gathering information about financial transactions to identify any suspicious or potentially illegal activities.
White label debit card programs are partnerships between non-bank entities and financial institutions or payment processors that allow non-bank organizations to offer branded debit cards to their customers.
E-money, also known as electronic money, digital money, or virtual currency, refers to a form of currency that is stored electronically and can be used for online transactions or as a substitute for physical cash.
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.
BIN sponsorship enables payment service providers to offer their own payment solutions to customers, including physical cards, virtual cards, and mobile payments.