back Back

Arf announced receiving Swiss regulatory approval

By Joy Dumasia

August 19, 2022

  • Cross Border Payments
  • Europe
  • Financial Services Standard Association
Share

Arf, the global settlement banking platform for licensed money service businesses, announces that it has been granted the approval of the Financial Services Standard Association (VQF) through Arf’s entity in Zug, Switzerland.

Arf’s VQF membership assures its compliance with the Swiss Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) acts, providing global regulatory acknowledgement of its reliability and underlining its position as the empowering partner of licensed money service businesses (MSBs) worldwide.

VQF is one of the world’s oldest and most selective cross-industry Self-Regulatory Organizations (SRO) and is officially authorized by the Federal Financial Market Supervisory Authority (FINMA). It is recognized as Switzerland’s financial services watchdog, supervising its members with regard to AML and CTF regulations.

CEO Ali Erhat Nalbant said: “We are thrilled to have received the VQF license approving our strong place in the global finance ecosystem. As we are scaling our business globally, the support of Swiss regulators enables us to provide our Web3 cross-border treasury management and working capital credit lines to a wider range of MSBs in need. This way, we’ll be elevating the ecosystem together more effectively.”

Rajpal Khangura, Chief Compliance Officer, commented: “As one of the world’s oldest and most selective cross-industry SROs, VQF’s approval affirms our commitment to using blockchain technology and digital assets in full compliance with regulatory requirements all over the world. We are honoured to become a member.”

With the regulatory stamp of approval from Switzerland, Arf will continue expanding its products and solutions in line with its position as the trusted partner of licensed MSBs and financial institutions.

Arf recently launched Arf Credit Line to provide MSBs instant access to transactional working capital credit lines, allowing any corridor to be post-funded in real-time. By leveraging stablecoins and allowing instant settlements across multiple channels, including bank accounts, e-wallets, and cash pickup points, the company enables MSBs to build API-based cross-border financial operations and treasury management. 

Previous Article

August 19, 2022

Bankjoy joins the Jack Henry™ Vendor Integration Program

Read More
Next Article

August 19, 2022

Ebang International and Mastercard to launch new Ebonex crypto-linked cards

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Cross Border Payments

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 19, 2024

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

July 19, 2024

FinTech Focus: Catch latest developments of the week

Read More

July 19, 2024

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024