Stay ahead of compliance trends, regulatory updates, and industry best practices curated for modern fintechs.
Alabama requires a Money Transmitter license from the State Banking Department for fintechs transmitting money in the state. This guide covers the regulatory requirements, NMLS application process, and ongoing compliance obligations under the Alabama Monetary Transmission Act.
Louisiana requires a Money Transmission license from the Office of Financial Institutions for fintechs transmitting money in the state. This guide covers the regulatory requirements, NMLS application process, and ongoing compliance obligations under the Louisiana Money Transmission Act.
Kentucky requires a Money Transmitter 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 Kentucky's Money Transmitter Act.
Wisconsin requires a Money Transmitter 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 the Wisconsin Uniform Money Transmitter Law.
South Carolina requires a Money Services license from the Department of Consumer Affairs for fintechs transmitting money in the state. This guide covers the regulatory requirements, NMLS application process, and ongoing compliance obligations under the South Carolina Money Services Act.
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.