Sat.Oct 05, 2019 - Fri.Oct 11, 2019

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Expensify launches corporate card to deepen client relationships

Bank Innovation

Digital expense management company Expensify launched a corporate card this week, building on its automated transaction tracking technology. David Barrett, CEO of the San Francisco-based company, told Bank Innovation that the […].

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How Technology And Market Trends Spawn Innovation

PYMNTS

And, in digital banking, banks are innovating with their strategies for fraud protection and anti-money laundering (AML). 96 percent: Share of retail banks that plan to develop services focused on real-time payments by 2020. 50 percent: Share of Swiss consumers who currently bank online.

Trends 122
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How Synchrony Financial Is Upgrading Its AML Strategy

PYMNTS

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. AML Strategies and Innovation Quirks.

Strategy 123
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Coinbase CEO: US Should Support Libra Or ‘Get Left Behind’

PYMNTS

regulators should re-evaluate its “ridiculous” response to Facebook’s Libra digital currency. The way for countries to remain relevant over the long term and continue to have high economic growth is to invest in science, technology, and innovation. Innovation often looks counter-intuitive and disruptive.

US 140
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Inside Synchrony Financial’s AML Playbook

PYMNTS

Consumers have noticed the rising levels of fraud in digital banking, and they are not pleased. Around the Digital Banking World. Regulators as well as banks are searching for ways to keep launderers and other fraudsters out of online banking. The banks include the African Banking Corporation Tanzania Ltd.,

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Bitcoin Daily: Tether’s Parent Co. Hit With $1T Lawsuit; Nearly $10B In Bitcoin Held In Crypto Exchanges

PYMNTS

And the Swiss National Bank (SNB) and the Bank for International Settlements (BIS) announced that they have signed an operational agreement on the BIS Innovation Hub Centre in Switzerland. We look forward to bolstering our collaboration with the BIS and other central banks in this space,” Thomas J.

Bitcoin 181
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BoA Reported To Hire ‘Treasury Product Manager’ For Ripple

PYMNTS

Bank of America (BoA) may have hired a treasury product manager to work with Ripple. According to Cointelegraph , the bank recently took down a job listing about the position on LinkedIn. However, things seem to be changing this year, as the bank applied for a patent for a digital currency wallet in August.