Stay ahead of compliance trends, regulatory updates, and industry best practices curated for modern fintechs.
A compliance risk framework is the structured approach your fintech uses to identify, assess, manage, and monitor compliance risks across your business. This guide explains what it includes, how to build one, and why it matters.
KYC remediation is the process of updating or completing deficient customer identity records across your existing customer base. This guide explains when it's required, how to run it efficiently, and how to avoid needing it in the first place.
Arizona requires a Money Transmitter License from the Department of Insurance and Financial Institutions for fintechs transmitting money in the state. This guide covers requirements, fees, and the full application process.
Nevada requires a Money Transmitter License from the Financial Institutions Division for fintechs transmitting money in the state. This guide covers requirements, net worth, fees, and the full application process.
Texas requires money services businesses to be licensed under the Texas Money Services Act, administered by the Texas Department of Banking. This guide covers Texas MSB licensing requirements, the application process, and ongoing compliance.
Florida requires money services businesses to obtain a license from the Office of Financial Regulation under the Money Transmitters' Act. This guide covers Florida MSB licensing requirements, application process, and ongoing compliance.
FinCEN's Prepaid Access Rule imposes BSA registration and customer identification requirements on providers and sellers of prepaid access products. This guide explains who it covers, what it requires, and how fintechs offering prepaid products must comply.
FinCEN 314(b) allows financial institutions to voluntarily share information with each other to identify and report money laundering. This guide explains how it works, what protections it provides, and why fintechs should consider participating.
FinCEN 314(a) requests enable law enforcement to ask financial institutions to search their records for accounts linked to suspected criminals. This guide explains how 314(a) works, what fintechs must do, and how to build a response process.