article thumbnail

U.S. Regulations to Consider When Managing a Cryptocurrency Fund

Perficient

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. New York’s BitLicense requirement therefore applies to investment managers who issue digital coins or otherwise act as an exchange platform regardless of where the buyers are located.

article thumbnail

Boost efficiency through operational innovation in financial services

Insights on Business

Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. In 2016, the IBM Institute for Business Value teamed up with the Economist Intelligence Unit to interview global bankers. Drivers for Operational Innovation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cancel Culture: Technology Makes Managing Subscriptions Easy For Consumers and Banks

PYMNTS

Minna co-founders and CEO Joakim Sjöblom and Chief Operating Officer Jonas Karles told PYMNTS that getting a better handle on subscription spend can be done through retail banking channels, boosting financial institutions’ own revenue streams. Subscription management is part of that. Embracing The Subscription .

article thumbnail

Insurers Test Blockchain To Manage Provider Data

PYMNTS

Earlier this week, five healthcare firms operating across the U.S. insurance landscape said they’re launching a pilot program that will help boost the management of healthcare provider data. The blockchain is making inroads into healthcare. Optum and UnitedHealthcare are part of UnitedHealth Group).

article thumbnail

vCom Enhances IT Spend Management Mobile Solution

PYMNTS

IT spend management solutions provider vCom Solutions is upgrading its mobile app for iOS and Android devices, the company said this week. According to the company, the latest app version increases how much data IT managers can access related to performance, contracts, services and assets. ”

article thumbnail

Deploying Spend Management Technology To Rebuild After Disaster Strikes

PYMNTS

The paperwork and delays that employee expenses generate can strain any business’s operations. Barry Floyd, the firm’s chief financial officer, told PYMNTS in a recent interview that the company was particularly busy during 2016 and 2017, when Hurricanes Matthew and Irma hit the company’s home state of Florida.

article thumbnail

Wells Fires Slew Of Retail Bank District Managers

PYMNTS

Wells Fargo has revealed that it is firing around three dozen district managers due to the retail banking scandal that happened more than two years ago. The firings are the result of a scandal that started in 2016, when investigations revealed that employees trying to meet sales targets opened about 2.1 million fake accounts.