Bank Innovation

APRIL 24, 2017

The rise of insurtech is running parallel to the rise of regtech, as financial firms and startups apply artificial intelligence, blockchain, and other technologies to the dizzying world of financial regulation.

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PYMNTS

OCTOBER 16, 2019

Mastercard has outlined its intentions with blockchain after its high profile exit from the Libra Association, a coalition of many successful companies meant to help guide and foster oversight of Facebook’s proposed cryptocurrency. We believe in the transformative power of blockchain.

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PYMNTS

JANUARY 25, 2019

Chainalysis unveiled an anti-money laundering (AML) compliance solution for stablecoins called Know Your Transaction (KYT), the company said in an announcement. IBM has teamed up with banks and insurers to create a blockchain system for the healthcare space, according to an announcement. ”

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PYMNTS

JULY 30, 2019

Differing regulations between sending and receiving countries are challenging to navigate, and cross-border transactions can take up to several days to complete as they are routed through intermediary banks. The collaboration will allow DAML to work with several different blockchain networks, including Hyperledger Fabric and Corda.

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PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. 1 have just taken effect.

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PYMNTS

JANUARY 29, 2020

Swiss company Overfuture has been approved to incorporate for an initial public offering (IPO) that offers tokenized shares on a blockchain, according to a report Wednesday (Jan. The prospectus said that the company is offering 8,399,000 “common equity share security tokens” on the ethereum blockchain. 29) by Coindesk.

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PYMNTS

FEBRUARY 22, 2019

Office of the Comptroller of the Currency (OCC), over deficiencies that the OCC identified in the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. The office recently examined the branches for BSA/AML and Office of Foreign Assets Control (OFAC) sanctions compliance. On Wednesday (Feb. On Wednesday (Feb.

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PYMNTS

JUNE 1, 2017

Cross-border B2B payments company PayCommerce is strengthening its compliance position through a new partnership with Dow Jones. PayCommerce said Wednesday (May 31) that it is working with Dow Jones Risk & Compliance to add enhanced screening and compliance features to its global corporate payments offering.

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PYMNTS

MARCH 14, 2018

.” Oliver was discussing cryptocurrencies and blockchain on his show, highlighting the massive potential the world of FinTech has touted for the last year or so. This balance of optimism and realism is taking over the blockchain space as of late. But the segment also warned to temper the hype with healthy skepticism.

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PYMNTS

JANUARY 15, 2018

Chinese companies are flocking to blockchain and cryptocurrency technology despite regulators’ efforts to contain risks, reports in Reuters said Friday (Jan. The publication highlighted stock rallies amongst companies that recently disclosed their involvement in the blockchain space.

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PYMNTS

MAY 26, 2017

The latest technological finance breakthrough, blockchain technology, has been a slow burn over the past eight years, since 2009 when it popped up as the power behind bitcoins. With the various advances in technology, many issues have come to light from the use of blockchain. years away) if blockchain technology were implemented.

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PYMNTS

OCTOBER 13, 2016

Regulation and compliance can be a tough space for many to wrap their heads around. As technology advances, the threat to digital security and identity protection becomes greater, forcing regulations to quickly adapt. Compliance Decoded. Why Compliance Is Going Social.

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Insights on Business

MAY 23, 2019

Customer data drives innovations like artificial intelligence and blockchain solutions. But for companies that don’t master privacy and security, data can be toxic. Stricter regulations are changing the compliance landscape. These potential data abuses are drawing interest from policymakers. More than 10 other U.S.

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PYMNTS

NOVEMBER 27, 2018

Fortune reports that “in the first offering of its kind,” blockchain tokens are being used to buy a piece of real estate. The tokens are considered securities and will “eventually” be able to be sold on exchanges. In the digital payments space, it used to be people built holdings of tokens.

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Payments Source

APRIL 29, 2016

IBM has released a set of blockchain cloud services built to meet security and compliance standards for companies in regulated industries — particularly, financial services, healthcare and government.

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CB Insights

OCTOBER 29, 2020

Capital markets infrastructure powers the trade of stocks, bonds, and other securities, handling $3000T+ in transactions each year. This massive market, which includes a broad range of financial “plumbing” services, could be poised for a blockchain shake-up. Submit your application here before November 25. Please click to enlarge.

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PYMNTS

OCTOBER 1, 2018

In the age of blockchain, all manner of physical assets are making the leap to bits and bytes. Blockchain can track transactions of all sorts and create a connected record — and that blockchain is rapidly cleaving from the cryptocurrency clamor to which it was once inextricably linked. percent pure.

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PYMNTS

JANUARY 8, 2020

Call it, perhaps, a New Year’s Resolution list — for regulators. 8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. In documents released Tuesday (Jan.

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PYMNTS

JANUARY 7, 2020

China’s Guangdong province has launched a blockchain financing platform for small and medium-sized businesses, backed by OneConnect , a Chinese FinTech recently listed on the New York Stock Exchange, according to a press release. . ” TaxBit will use the funding to speed up customer growth, and make its products better. ”

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PYMNTS

FEBRUARY 9, 2018

The world’s first ICO regulations are coming, care of Gibraltar. The rapid global proliferation of initial coin offerings has become an issue of mounting concern among regulators and central banks around the world – in particular, the growth of ICOs has fueled massive growth in the cryptocurrency market in general.

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PYMNTS

MARCH 10, 2017

Naturally, with ease of market entry into various parts of the world economy also comes security concerns. Blockchain technology is often used as the go-to source to enable faster and safer transactions, especially for smaller players in the retail market. and China alone was approximately $660 billion.

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Insights on Business

FEBRUARY 22, 2017

So when Northern Trust (NT) was looking for an innovative way to modernize private equity, it brought together all the relevant parties: the asset manager, investment managers, general partners, limited partners, fund administrators, auditors, the local government, even the primary regulator. You can read the announcement here: [link].

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blockchain Compliance Regulation Security 79

PYMNTS

MAY 22, 2019

Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par. Regulators in regions such as Europe are changing the ways they look at cross-border transactions.

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Fraud Payments Regulation Security 180

PYMNTS

JULY 11, 2016

There are a few schools of thought when it comes to the projected role and impact of blockchain technology on the global financial services space. On one side, some believe blockchain will disrupt the traditional banking system to the point of fracture, enabling the movement of money without the involvement of a financial institution.

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PYMNTS

JUNE 20, 2019

One thing he wants to do right away is to enhance the coordination between financial regulators in the country. “To The BoE governor continued, “ This could also plug into ‘tokenised assets’ — conventional securities also represented on blockchain — and smart contracts. separates from the European Union.

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PYMNTS

NOVEMBER 6, 2019

The awarded idea is a DLT-based digital cash platform that allows transactions with tokenized euro stored on blockchain. “We In other news, Jet Token is working to raise as much as $10 million in a Regulation A for its ethereum-powered private jet leasing marketplace. Securities and Exchange Commission (SEC) earlier this year. “We

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PYMNTS

NOVEMBER 19, 2019

To make the onboarding process easier, the company also revealed that it has created a pre-compliance team. Ever since our pre-compliance team came into action, our onboarding speed has doubled with our U.K. Ever since our pre-compliance team came into action, our onboarding speed has doubled with our U.K.-regulated

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CB Insights

DECEMBER 17, 2020

Primary markets represent the first stage of the capital markets cycle, where securities are created and issued for the first time, such as during an IPO, when issuing equity, or when raising money through bonds. But issuing securities can be a daunting process. More platforms to trade DLT-based securities are emerging.

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Bank Innovation

JANUARY 6, 2017

Professionals in the financial services industry are focusing their energy on regulation and data management, according to a survey from consulting firm and technology services provider Synechron.

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PYMNTS

JANUARY 2, 2020

The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 The new regulation went into effect on Jan. The fine for non-compliance is going to be ?5,000 1 , and penalties will start on Feb 1, to give businesses a chance to comply.

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PYMNTS

NOVEMBER 23, 2020

Blockchain and a bank charter might do much to boost financial inclusion. While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments.

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CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Submit your application here before November 25.

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Capital blockchain Marketing Security 98

PYMNTS

SEPTEMBER 29, 2017

The EU’s PI licensing requirements are especially stringent, with strict requirements on PI infrastructure, shareholder qualifications, Know Your Customer (KYC) and AML policies and information security programs. To date, only 10 companies have obtained the license in Luxembourg.

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PYMNTS

FEBRUARY 18, 2019

According to blockchain and cryptocurrency company BitRail , JPMorgan’s announcement was certainly a validating moment for the industry. Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security.

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Insights on Business

OCTOBER 3, 2018

Advances in artificial intelligence (AI), blockchain, and cybersecurity are poised to transform the financial services industries. These technologies bring capabilities that speed risk modeling, automate fraud detection, ensure regulatory compliance, enable distributed trust, and protect sensitive financial information.

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PYMNTS

OCTOBER 17, 2019

Also, Mastercard has outlined its intentions with blockchain following its high-profile Libra Association exit. The move is said to signal China’s willingness to open up its payment industry to foreign investors after similar forays in the securities, investment and insurance areas.

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PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. This in the wake of the OCC’s Sept. The Pandemic Pop.

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