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Puerto Rico Falls Prey To $4M Online Fraud

PYMNTS

An online scam targeted $4 million in retirement funds from at least four Puerto Rico agencies, according to reports on Thursday (Feb. Agencies affected include the Puerto Rico Industrial Development Co. and the Puerto Rico Tourism Co. The finance director at the Puerto Rico Industrial Development Co.

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Western Union Links Puerto Rico Entrepreneurs To Cross-Border Payments

PYMNTS

Western Union (WU) is bridging small businesses (SMBs) and entrepreneurs in Puerto Rico to cross-border payment services, the financial institution (FI) said on Monday (March 11). Business Solutions’ expansion in Puerto Rico via the TuChequera.com partnership could signal an end to any possible divestment efforts.

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Why Cash Is King In Puerto Rico

PYMNTS

Cash is king—and that is particularly true when it comes to helping victims of Hurricane Maria in Puerto Rico. Meanwhile, the Center for International Disaster Information provided 55 ways people can turn their goods into cash to send to Puerto Rico, including hosting a garage sale. million from 22,803 people.

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Off The Continent And Into Puerto Rico For Online SMB Lending

PYMNTS

In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. In addition, said Arora, whose firm has arranged for $1.7

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Finastra to boost digital banking experience for Puerto Rico FCU members

The Paypers

Finastra has announced that Puerto Rico Federal Credit Union has selected its Fusion Digital Banking platform in a bid to offer digital banking experiences to customers, according to IBS Intelligence.

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How to make a small island a big centre for FinTech

Chris Skinner

They range from islands like Belize and Puerto Rico to Mauritius and Barbados to Bahrain and Singapore. One of the discussions at the UN meetings was around SIDS, the Small Island Developing States. I didn’t know much about SIDS but, when investigating further, discovered I did.

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Puerto Rico bank linked to bribery scandal hit with $15 million BSA fine

American Banker

Bancrédito International Bank and Trust Corp. willfully violated" the Bank Secrecy Act, according to the Financial Crimes Enforcement Network. The penalty was the first under a two-year-old federal rule aimed at closing gaps in anti-money-laundering enforcement.