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Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. As such, the National Security Agency (NSA ) is calling for banks to be compliant by 2030.

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Goldman Joins South Africa’s Johannesburg Stock Exchange

PYMNTS

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

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AML/KYC Compliance Just Got Harder

PYMNTS

10, with new regulations for cryptocurrencies, wallets and exchanges. Some operators said no way, moving to countries with more relaxed rules, or simply shuttering. The United Nations (UN) actually wants to use identity to help end poverty, calling for a digital ID for every living person by 2030. Know Your Criminals.

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How To Build A Digital ID In Layers

PYMNTS

In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. In today’s digital age, the concept of “identity” is changing on the global stage, especially when it comes to eCommerce.

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Online Liquor Sales Are Booming – Can Digital ID Keep Up?

PYMNTS

For those plans to succeed, however, a robust system of digital ID is necessary, lest regulators and parents decide such a retail activity is unsafe for children, and take steps to pull it back. Preempting More Regulation. Online food delivery is in the midst of what might one day be called a golden age.

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Trulioo Teams With Refinitiv To Bring 5B Consumers Into The Financial Mainstream

PYMNTS

Trulioo said it is teaming with Refinitiv — operator of the World-Check Risk Intelligence database — to promote global financial inclusion and fight fraud. The technology helps to ensure compliance with anti-money laundering (AML) and other compliance regulations, and Refinitiv is among the biggest players in this space.

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