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ICC Says Regulation Limits Trade Finance

PYMNTS

Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks. “That has tied up enormous resources.” “Why is this so significant? “Why is this so significant?”

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Russia Prepares For SWIFT Exit With Blockchain

PYMNTS

Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper. The initiative eventually hopes to join banks and government agencies that collaborate on contract registration and regulation.

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Visa, Mastercard Replaced By MIR In Crimean Peninsula

PYMNTS

MIR, the payment system the Central Bank of Russia created in 2015, is accepted by Russian companies but is also gaining acceptance among international companies that have operations in the country, noted RT. The initiative eventually hopes to join banks and government agencies that collaborate on contract registration and regulation.

System 101
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JP Morgan: Treasury Innovations Accelerate Digital Transformation

PYMNTS

Corporates must look at the entire set of processes that govern operations, whether with their own clients or suppliers and with banking partners in the middle, he said. Kanthadai referenced a recent joint white paper published by Eurofinance and J.P.

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Could Facebook’s Libra Put Users’ Digital ID At Risk?

PYMNTS

Cryptocurrencies are well-trodden ideas in the FinTech world — more than 1,600 cryptocurrencies are currently in circulation — but Libra has the largest financial backing of any to date. Facebook’s] development operations team is responsible for securing its own infrastructure,” Vaughan said. Libra’s Privacy Concerns.

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How next-generation technologies are transforming governance, risk and compliance

Insights on Business

As these regulations are constantly evolving and changing, complicated legacy systems have been developed over time that became hugely expensive to manage, incompatible with one another, and, as massive number of fines continue to be imposed, are being rendered ineffectual. Increasing your ROI with IBM OpenPages with Watson.

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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. The Bank Regulator Working for Merchants Award!

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