PYMNTS

APRIL 5, 2020

OneConnect Financial Technology and China Merchants Port Group ( CMPort ) will work to create a blockchain-based system with Shenzhen customs to serve the Guangdong-Hong Kong-Macao Greater Bay Area. The firm claimed it would return customer funds, but allegedly was in the process of liquidating the bitcoin for around $147 million.

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PYMNTS

NOVEMBER 10, 2020

In other news, Securities and Exchange Commission (SEC) member Hester Peirce expressed hope that securities regulations concerning cryptocurrencies will speed up to match the speed of financial technology innovation. Regulators are slow, and there’s a reason we’re slow,” she said, speaking at CoinDesk ’s Bitcoin for Advisors event. “We

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PYMNTS

MAY 3, 2019

Only through continued collaboration and fundamental research will it be possible for this technology to mature and for policy-makers to fully understand its potential,” Scott Hendry, Bank of Canada senior special director of financial technology, said in a press release about Jasper-Ubin project3.

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PYMNTS

DECEMBER 24, 2020

Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And one of the most notable events of 2020 was the big appreciation in bitcoin’s price, tied as it is (and was) to optimism about cryptos’ future.

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PYMNTS

OCTOBER 30, 2019

The People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. His comments even caused a price boost of bitcoin and blockchain stocks to the point that the Chinese state media advised people to stay levelheaded.

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Payments Source

NOVEMBER 13, 2018

Policymakers and industry officials should join forces in creating regulations and standards for cryptocurrencies, artificial intelligence and other innovations before they become more widespread.

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PYMNTS

OCTOBER 23, 2018

In a statement, Bank of Canada’s Senior Special Director of Financial Technology Scott Hendry said, “[Distributed ledger technology (DLT)] is a promising technology that has the potential to reduce costs for participants and open new opportunities.

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Bankelele

JUNE 29, 2017

Kenya’s Capital Markets Authority (CMA) has proposed rules to create a regulatory fintech sandbox for innovations which do not fit within the country’s current financial regulatory framework. The post Kenya CMA drafts Sandbox Rules to test Bitcoin and other Fintech appeared first on Bankelele.

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PYMNTS

JANUARY 20, 2020

Thus, the RBA is positing the creation and administration of a digital offering that would track the Australian dollar, as well as ostensibly sidestep the volatility that has marked the likes of bitcoin and its brethren. As a] unit of account, people don’t post their prices in bitcoin, even [at] bitcoin conferences.

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PYMNTS

DECEMBER 4, 2019

OneConnect Financial Technology , the blockchain and AI subsidiary of China’s top insurance company Ping An Insurance, has filed paperwork for the terms of its IPO, where it will seek to raise between $432 million and $504 million. “I really see the world of crypto and digital exchanges being at that pivotal point,” he said. “If

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The Paypers

MARCH 29, 2023

Bitcoin custodian and licensed private bank Xapo Bank has partnered with financial technology company Circle to integrate USD Coin payment rails as an alternative to SWIFT.

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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, 2021

Globe Telecom’s financial technology division, Globe Fintech Innovations of the Philippines, notched $175 million in additional venture funding in January. Plus, TransferWise is anticipated to file its initial public offering (IPO) with joint coordinators Goldman Sachs and Morgan Stanley.

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Chris Skinner

MARCH 11, 2017

There are … BIS endorse Distributed Ledger Technology (DLT) for payments clearing and settlement I’ve just been alerted by friend Gijs Boudewijn to the release of a fascinating white paper by BIS, the Bank for International Settlements (the guys who do Basel stuff and are big cohonez in banking circles). However, it’s still early days.

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PYMNTS

JANUARY 12, 2017

blockchain banking payment technology company, said Wednesday (Jan. 11) its digital currency, dubbed XRP, will begin trading on Bitstamp, the Europe-based bitcoin exchange. Just like bitcoin, XPR can be moved around the globe in a speedy fashion and with anonymity. Ripple, the U.S.

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PYMNTS

AUGUST 3, 2020

One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets.

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American Banker

JUNE 6, 2016

Federal Reserve Chair Janet Yellen encouraged her fellow central bankers to accelerate their studies of new financial technologies, specifically mentioning bitcoin, the blockchain, and other distributed ledgers, according to the trade group whose conference she attended.

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Bankelele

MARCH 1, 2017

Recent events in the fintech (financial technology) payment space in East Africa. The post Fintech Moment in East Africa: AmEx FT Pesalink Bitcoin appeared first on Bankelele. Pesalink is a fully owned subsidiary of KBA and it will enable customers to make […].

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PYMNTS

JANUARY 20, 2020

Thus, the RBA is positing the creation and administration of a digital offering that would track the Australian dollar, as well as ostensibly sidestep the volatility that has marked the likes of bitcoin and its brethren. As a] unit of account, people don’t post their prices in bitcoin, even [at] bitcoin conferences.

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PYMNTS

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners.

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PYMNTS

MAY 30, 2018

“We recognize that so often the case is with new technology, there is a needle you have to thread,” he added later. “If If you don’t give any regulation at all, it has the chance to go off the rails and completely burn itself out, which is where I was fearing bitcoin was going to a couple months ago if they haven’t already.

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PYMNTS

FEBRUARY 28, 2018

According to news from Finance Magnates , Yang Chin-long, the new governor of the bank, spoke about utilizing new technology — including artificial intelligence, Big Data and blockchain — in the country’s banking system during his inauguration ceremony.

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PYMNTS

JANUARY 24, 2018

Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators.

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PYMNTS

JANUARY 8, 2020

There are as of yet no bitcoin ETFs approved for trading. In reference to financial technology, the OCIE noted in its 2020 priorities list, too, that alternative sources of data increasingly are being used by the investment industry. The decision had originally been scheduled for Dec.

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PYMNTS

SEPTEMBER 14, 2016

House of Representatives, asking the government to establish a national policy for technology. The resolution implies that bitcoin and blockchain technology are ways to help the unbanked and empower the consumer. A non-binding resolution was passed on Monday (Sept. 12) by the U.S.

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PYMNTS

AUGUST 2, 2016

Department of Commerce’s International Trade Administration said in its “ 2016 Top Markets Report Financial Technology ” that Asia will hold sway over other regions. The confluence of technology and demographics means that the transition to the cashless economy is afoot.

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Bank Innovation

JANUARY 2, 2018

Fintech Select, a financial technology firm based in Canada, has created a “physical bitcoin” product to pair with its “Selectcoin” cryptocurrency POS platform, the company said.

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Independent Banker

FEBRUARY 24, 2016

When it comes to finance, millennials are a generation known to be conservative in spending and distrustful of financial institutions. Thus, it’s not shocking that millennials are a driving factor in the growing financial technology, or FinTech, movement. Innovation in payments.

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PYMNTS

NOVEMBER 11, 2016

A renewed focus has been placed on researching and testing blockchain applications, as well as pushing the development of information and financial technology within the country, The CoinTelegraph reported. “It Russia has ambitions to one day be considered a world leader in blockchain. With the U.K.’s

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NCR

JUNE 1, 2016

That’s surely the simplest way to describe the Internet itself, of course, but does it also apply to blockchain as a whole and Bitcoin in particular? Reaching beyond Bitcoin to explore other forms of crypto-currency. We’ve had a lot to say on the subject at this blog, but we’re also always open to hearing other voices.

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Abrigo

MAY 20, 2015

It’s not just the technology industry that is constantly evolving – many other industries must also remain adaptable to the changing landscape of the American consumer. An innovation like that can make the Apple Watch and Bitcoin seem archaic in comparison. One such industry is banking.

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PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. Cross-Border Friction — And Bitcoins And Blockchain.

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Let's Talk Payments

SEPTEMBER 8, 2017

Startup Stories highlights the companies that are shaping the new Financial Technology industry. MEDICI now! Keep an eye out each week for new stories! If you or someone you know.

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PYMNTS

NOVEMBER 3, 2019

And just last week, the People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. These firms would be tasked with distributing the crypto to citizens and others who want to transact using the digital coins.

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PYMNTS

AUGUST 10, 2016

A year ago, bitcoin was hot, companies rushed to add bitcoin to their checkout form. Before joining WePay, he worked in technology investment banking at Jefferies & Company, where he advised enterprise software, digital media, and financial technology companies on M&A and capital market transactions.

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NCR

DECEMBER 5, 2016

Not so long ago, blockchain technology was still something of a peripheral concern for most traditional financial institutions. Seen mainly as simply a part of the underlying infrastructure behind virtual currencies like Bitcoin, it was not considered a priority by many banks.

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Let's Talk Payments

SEPTEMBER 23, 2016

Ripple announced today that a number of global banks are joining forces to establish the first interbank group for global payments based on distributed financial technology. Bank of America Merrill Lynch,

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