Stay ahead of compliance trends, regulatory updates, and industry best practices curated for modern fintechs.
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.
Money transmitter license fees vary significantly by state — from under $1,000 to over $5,000 in application fees alone, plus net worth and surety bond requirements that can reach six figures. This guide breaks down costs across key US states so you can budget accurately before you apply.
Account takeover (ATO) fraud occurs when criminals gain unauthorized access to existing customer accounts. This guide explains how ATO happens, the regulatory implications, and how fintechs can prevent it.
Synthetic identity fraud — where criminals combine real and fake information to create a new identity — is the fastest-growing financial crime in the US. This guide explains how it works, why it's hard to detect, and how fintechs can protect against it.
The Nationwide Multistate Licensing System (NMLS) is the technology platform used to apply for and manage money transmitter licenses across most US states. This guide explains how NMLS works, how to set up your account, and how to use it effectively.