Chris Skinner

SEPTEMBER 24, 2019

Things we’re reading today include … Future of Fintech Why robots see no logic in betting against central bankers China’s shadow banking industry roars back The future of the global economy hinges on four games of chicken | Nouriel Roubini Can a computer fool you into thinking it is human?

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PYMNTS

OCTOBER 23, 2020

economy as traveling along a V-shaped recovery , Sheard said, then we’re roughly halfway up the “second leg” of the V.). Simply put, China is a massive economy that rivals the U.S. is one-quarter of the global GDP and China is about 16 percent. as the largest economy in the world a few years ago. If you picture the U.S.

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PYMNTS

JULY 26, 2020

India has embraced its model for digital payments so much that it intends to take it global. of India (NPCI) that facilitates inter-bank transactions, has propelled the growth of online payments, the Financial Times (FT) reported. UPI was established by the central bank and is owned by a group of local lenders.

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Payments Mobile Analysis Google 309

BankUnderground

OCTOBER 6, 2022

Central banks respond to inflation by setting interest rates in order to achieve domestic price stability. Occasionally, economic shocks are global in nature and so monetary policy can move in tandem across the world. The diffusion index is calculated as = 1* per cent of central banks increasing interest rates + 0.5*

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PYMNTS

OCTOBER 13, 2020

While coronavirus infections continue to rise in Europe, they'll likely have less of an economic impact this time around, Klaas Knot , Dutch central bank president and European Central Bank board member, said on Tuesday (Oct. Meanwhile, Business 20 warned recently that the global economy was in deep trouble.

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PYMNTS

DECEMBER 22, 2020

The global pandemic has only exacerbated many of these challenges for SMBs as supply chain disruptions, market volatility and the risks of fraud all rise. Combating those threats and driving inclusivity across supply chains for small businesses reflects how intrinsically linked global trade workflows and finance are, according to Hale.

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PYMNTS

APRIL 7, 2020

The global coronavirus pandemic has cast a dark cloud over Finland’s economy, as the central bank predicts the worst recession in over 100 years, according to a Bloomberg report. Just three weeks ago, the bank thought the shrinkage would be no more than 4 percent. “A In this scenario, GDP could shrink by 10.3

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BankUnderground

FEBRUARY 1, 2022

It is certainly not a mystery that the Fed’s monetary policy is of great importance for financial markets and the global economy. The two channels of central bank communication. Second, because the announcements contain valuable information to understand the current developments of the US economy.

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PYMNTS

JULY 1, 2019

The Bank for International Settlements ( BIS ) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. There is a new economy emerging driven by changes in technology, demographics and the environment.

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PYMNTS

SEPTEMBER 12, 2019

In case you haven’t read this already, here is the latest news: The President of the European Central Bank (ECB) Mario Draghi has, according to CNBC, “urged governments to take fiscal measures to supplement the central bank’s monetary stimulus and reinvigorate the eurozone economy.”. According to the bank, U.S.

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PYMNTS

OCTOBER 11, 2019

For central banks, when it comes to cryptocurrencies, there’s no central theme. Some central banks are embracing the concept. The overall theme, reported the site, is to look into how “digital central bank money could be used in the settlement of tokenized assets between market participants.”.

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PYMNTS

OCTOBER 14, 2020

In today’s top news in digital-first banking, OneAZ Credit Union has signed a multi-year deal for Lumin Digital to be its digital banking technology, while an European Central Bank board member says that the next pandemic wave won’t likely hit the economy as hard. IMF Upgrades GDP Forecast to -4.4 Pct Growth.

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PYMNTS

SEPTEMBER 15, 2020

Scotland-based Tesco Bank has announced that it’s the first financial institution (FI) in the United Kingdom to introduce technology that allows its 2.6 Tesco Bank ’s purpose is to help … shoppers manage their money a little better every day,” said Sigga Sigurdardottir, Tesco’s chief customer officer, in a statement.

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PYMNTS

JULY 28, 2020

The European Central Bank (ECB) is warning its members could face more challenges if the economic crisis deepens, CNBC reported. But he warned that if the crisis deteriorates then some banks would face difficulties in maintaining their compliance with the minimum capital requirements. percent and 12.6 percent this year.

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PYMNTS

APRIL 14, 2020

The Financial Stability Board (FSB) – the regulatory watchdog of the Group of 20 (G-20) – warned global regulators that possible stablecoin disruptions should be addressed before Facebook’s Libra is released, according to a consultation report released on Tuesday (April 14).

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PYMNTS

DECEMBER 14, 2020

In some ways, there was only one global story that mattered this year. That theme has been called the digital shift or the digital-first economy, or as a new report from Mastercard puts it, the global “e-conomy.”. this was equivalent to a two-year acceleration of the digital-first economy. Focusing on the U.S.,

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PYMNTS

JANUARY 9, 2020

In today’s top news, Uber drops upfront pricing in California in response to the state’s new gig economy law, and the central bank in China said it accepted an American Express application to start working in the country. Also, Grubhub considers a potential sale or an acquisition by another company.

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PYMNTS

JANUARY 7, 2021

Economists, meanwhile, are banking on vaccination programs to help jump-start the global economy. According to The World Bank ’s January 2021 Global Economic Prospects , the global economy is anticipated to grow 4 percent this year, provided COVID-19 vaccines are widely launched.

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South State Correspondent

AUGUST 16, 2022

A trio of reports out of China overnight suggest the second largest global economy has hit another soft patch and that has risk assets on the back foot this morning with Treasuries in the green. The central bank reacted with a 10bps rate cut on the one-year and 7-day lending rate.

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PYMNTS

SEPTEMBER 21, 2020

Global stocks were tumultuous on Monday (Sept. Bank shares suffered, too, with lenders, including Lloyds Banking Group and Barclays , seeing declines, Deutsche Bank seeing a 8 percent drop, and HSBC 's London-listed shares falling 5 percent. The lockdowns in question are being considered right now by the U.K.

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Policies Report Meeting Capital 261

PYMNTS

FEBRUARY 5, 2020

In today’s top payments news, former Bank of France Governor Christian Noyer said a centralized, global eCurrency is still at least a decade away, the U.S. economy could lose $10.3 Former BoF Gov: Central Bank Coin Currency At Least A Decade Away. US Economy Could Lose $10B To Chinese Travel Ban.

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PYMNTS

SEPTEMBER 4, 2020

Reserves are funds central banks hold in currencies other than their own. James Lord, international strategist at Morgan Stanley, wrote in the report that a combination of factors “suggests global central banks will need to hold more RMB as part of their reserves,” the news outlet reported. 4) and cited by CNBC.

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PYMNTS

NOVEMBER 10, 2020

Global payments startup SumUp announced it has been granted a new electronic money (eMoney) license from the Central Bank of Ireland. SumUp’s Dublin office is poised for growth and will become the central regulated location for the firm’s business across the EU.

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Fintech Regulation Cards Google 245

South State Correspondent

JULY 20, 2022

Treasuries are finding a bid this morning as concerns re-emerge over possible energy disruptions in Europe which could slow the global economy. If the ECB does move 50bps it could take some pressure off the Fed as another central bank begins its tightening quest in earnest.

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Meeting Data Marketing 195

PYMNTS

OCTOBER 15, 2019

and China have made for a “precarious” economic state, the International Monetary Fund (IMF) said worldwide growth is slated to drop to its slowest rate since the global recession in 2009. In 2019, the world economy will grow at just 3 percent per the organization’s estimate. That figure is lower than the 3.8

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Policies United States Report Marketing 108

South State Correspondent

AUGUST 17, 2022

Global Inflation Worries have Treasuries under Pressure. While a China-led global slowdown led to higher Treasury prices on Monday, today it’s higher UK inflation that has Treasury yields heading higher. So, the synchronized global tightening campaign continues in full force. YoY in July. – – – 3.04.

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Atlanta Meeting Retail Maine 195

TheGuardian

JUNE 25, 2020

They suggested if the world acted to limit emissions to net zero by about 2070, giving a 67% chance of limiting global heating to 2C above pre-industrial levels, the impact of the climate crisis on global GDP could be about 4%.

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PYMNTS

SEPTEMBER 9, 2019

Despite showing economic stability, global economists, companies, and investors believe China’s economic picture is weaker than what is being officially reported. 6) flooded banks with billions of dollars after The People’s Bank of China lowered how much was required to be kept in reserve. . China on Friday (Sept.

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Data South Carolina Taxes Survey 190

PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. At least it seems so, if recent comments by European Central Bank President Christine Lagarde are any indication. at a global level because if there is an escape that escape will be used.”. She pointed to the crypto’s use in criminal activity.

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Bitcoin Regulation Tools cryptocurrency 152

South State Correspondent

SEPTEMBER 16, 2022

Another round of global risk asset selling has our markets ready to open lower and Treasuries are going along for the ride. With the coordinated monetary tightening of the major central banks, and the persistence of inflation, global equity markets are busy repricing lower as the prospects of a global recession grow by the day.

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PYMNTS

FEBRUARY 16, 2020

China’s coronavirus is having a negative impact on the eurozone’s already-sluggish economy, and no one is confident that the U.S. Copper — sometimes seen as the bellwether for the global economy — took a dive, the Financial Times (FT) reported on Sunday (Feb. Fed will leave interest rates alone until the end of the year.

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PYMNTS

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

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PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. Up until now, the explorations and considerations of digital currencies — as would be, potentially, issued by central banking systems to bring fiat into digital form — has been done on a country-by-country basis.

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Groups cryptocurrency National Study 142

PYMNTS

OCTOBER 18, 2020

China says it has the COVID-19 pandemic under control and will see its economy boosted by around 2 percent, according to Reuters. Central Bank Governor Yi Gang made the announcement on Sunday (Oct. The Chinese economy remains resilient with great potential. In the second quarter , China’s economy saw a 3.2

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Policies Data Marketing Report 159

PYMNTS

SEPTEMBER 6, 2019

To bolster the country’s economy, the central bank of China said it was reducing the amount of cash that banks need to have as reserves for the third time in 2019. According to past reports , the People’s Bank of China made the statement during a meeting with the Financial Stability and Development Committee.

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PYMNTS

JANUARY 6, 2020

The Central Bank of Jamaica (BOJ) has confirmed it will abide by the Principles for Financial Market Infrastructures (PFMIs). The bank explicated that FMIs are crucial to Jamaica’s financial system and the country’s broader economy, contributing to overall financial growth.

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PYMNTS

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. The Federal Reserve Bank has been exploring a digital currency.

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