Stay ahead of compliance trends, regulatory updates, and industry best practices curated for modern fintechs.
Indiana requires a Money Transmission License from the Department of Financial Institutions for fintechs transmitting money in the state. This guide covers the regulatory requirements, NMLS application process, and ongoing compliance obligations under Indiana's Money Transmission Statute.
Wire transfers are one of the most closely regulated activities under the Bank Secrecy Act. Fintechs that originate, process, or facilitate wire transfers must comply with the BSA's Travel Rule, recordkeeping requirements, and transaction monitoring obligations. This guide explains what's required and why it matters.
A Payment Facilitator (PayFac) is a company that enables sub-merchants to accept card payments under its own merchant account. For fintechs building embedded payments, understanding the PayFac model — and the licensing and compliance obligations that come with it — is essential.
Money laundering is the process of concealing the origins of illegally obtained funds to make them appear legitimate. For fintechs, understanding how money laundering works — and the regulatory framework designed to stop it — is foundational to building a compliant business.
Delaware requires a Money Transmission license from the Office of the State Bank Commissioner for fintechs transmitting money in the state. This guide covers the regulatory requirements, NMLS application process, and ongoing compliance obligations under Delaware's Money Transmitters Act.
Connecticut requires a Money Transmission license from the Department of Banking for fintechs transmitting money in the state. This guide covers the regulatory requirements, NMLS application process, and ongoing compliance obligations under Connecticut law.
Maryland requires a Money Transmitter license from the Office of Financial Regulation for fintechs transmitting money in the state. This guide covers the requirements, NMLS application process, and ongoing compliance obligations under the Maryland Money Transmission Act.
Massachusetts requires a Foreign Transmittal Agency license from the Division of Banks for fintechs transmitting money in the state. This guide covers the regulatory framework, application process, and ongoing compliance requirements for fintech companies.
North Carolina requires a Money Transmitter License from the Commissioner of Banks for fintechs transmitting money in the state. This guide covers the regulatory requirements, application process through NMLS, and ongoing compliance obligations.