Bank Innovation

SEPTEMBER 15, 2017

The price of bitcoin continues to teeter today, with the cryptocurrency having lost a third of its value in the last week. Bitcoin’s sharp drop comes after rising uncertainty in the Chinese market, with two major Chinese currency exchanges, China BTC and ViaBTC, having announced that they will halt trading by the end of this […].

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PYMNTS

OCTOBER 29, 2019

The Chinese state media advised people to stay levelheaded following a price escalation of bitcoin and blockchain stocks triggered by Chinese President Xi Jinping’s support, Reuters reported on Tuesday (Oct. Yet onlookers have noted that PBoC has been working diligently toward its own FinTech growth.

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PYMNTS

OCTOBER 16, 2018

In the coexisting — and sometimes colliding — worlds of FinTech and traditional financial services, a bit of collaboration often evolves. As reported by Bloomberg , the regulator at the helm of Singapore’s financials has embraced an effort to “bring together” FinTech firms and banks there.

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PYMNTS

FEBRUARY 13, 2019

The company noted that it still needs to gain approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market, which issued regulations for crypto exchanges last summer. The partnership will enable Bithumb to further expand in the Middle East and North Africa (MENA) region, including Saudi Arabia and Bahrain.

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PYMNTS

NOVEMBER 21, 2018

The FinTech firm’s technology will reportedly work with SWIFT’s standardized financial messages, which serve the market in India. In other news, a venture capitalist believes bitcoin may be a survivor like Amazon was in the dot-com crash, CNBC reported. Nobody likes being down like this.

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PYMNTS

DECEMBER 5, 2018

The Swiss Financial Market Supervisory Authority (FINMA) is aiming to boost innovation in cryptocurrency and distributed ledger technology (DLT), by easing some of the existing rules. Another important requirement: an institution with a FinTech license must have its registered office and conduct its business activities in Switzerland.

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PYMNTS

JANUARY 11, 2021

The FinTech startup has already created several financial services products, including cryptocurrency and stock trading, savings wallets, junior accounts and rewards. Storonsky said Revolut wants to develop “many more innovative products” that will advance “innovation and competition” across the financial services sector.

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PYMNTS

FEBRUARY 3, 2017

Following relatively flat growth through the end of January (by cryptocurrency standards, anyway), bitcoin’s value spiked, breaking $1,000 to reach a high of $1,003.92 At the time of this writing, bitcoin sat tenuously at $1,000.73, up 1.36 bitcoin wallet and vault Xapo to operate in the country. in Thursday afternoon trading.

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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

MARCH 22, 2019

Much hype and hope surrounds the adoption of cryptocurrencies — bitcoin among them as the marquee name in the space, of course — beyond the Wild West of speculative trading that exists now. Favor has met with disfavor, and bitcoin now trades at $3,990 — a bit above nadirs around $3,400 and well off highs that neared $20,000.

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PYMNTS

NOVEMBER 18, 2020

Collaboration and not competition, Visa’s Senior Vice President, Global Head of FinTech Terry Angelos told Karen Webster in a discussion on the recent advancements and updates to Visa’s Fast Track program , is quite evident — particularly when one observes that a number of Visa’s partners are many that, on paper, might appear to be competitors.

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Bank Innovation

SEPTEMBER 2, 2016

Facebook, whose ads are its lifeblood, is fighting ad blockers, while other services continue to find innovative ways to help users skip the marketing. There’s a war on in digital advertising.

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PYMNTS

MAY 30, 2018

The Consumer Financial Protection Bureau (CFPB) has announced that it is working with the Commodity Futures Trading Commission to develop a regulatory sandbox for FinTech firms. “We And at the same time, if you overregulate, you sort of tamp down that creativity and you discourage the innovation.”. But the U.S.

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PYMNTS

MARCH 9, 2018

While the European Banking Authority has created a “roadmap” on how to regulate emerging FinTech services, the body is not keen on creating a unified approach to cryptocurrency regulation — at least not yet, Reuters reported.

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ABA Community Banking

FEBRUARY 3, 2021

From offering bitcoin rewards checking to meeting the unique credit needs of gig workers and sole practitioners, Quontic Bank depends on innovative ideas and execution. The post Podcast: Empowering Bank Employees to Drive Innovation appeared first on ABA Banking Journal.

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PYMNTS

FEBRUARY 28, 2020

Committee Chairwoman Nydia Velázquez said, according to the report, “it is vital that Congress keep pace with the evolving needs of our country’s innovative small businesses.” Eight Roads led the round, with Telekom Innovation Pool, HKT, Telefónica Innovation Ventures and Singtel Innov8 also participating.

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PYMNTS

JANUARY 31, 2018

For years, throughout the volatility of cryptocurrency values, some industry experts have assured investors and innovators that blockchain is the disruptor in which the market should place its faith. Alas, there is no such thing as a sure bet, especially in the world of FinTech. Broader Doubts Emerge.

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PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Regulatory News, of the Global Type. of India.

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Bank Innovation

MARCH 4, 2016

This week, “Breaking Banks” recounts the history of Bitcoin, and how, despite ambivalent public opinion over the past seven years, fintech professionals and pundits have given it their silent support. After this introduction, the current status of blockchain is discussed by guests Michael J.

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PYMNTS

AUGUST 2, 2016

In looking ahead at the near-term emergence of FinTech markets, the U.S. Department of Commerce’s International Trade Administration said in its “ 2016 Top Markets Report Financial Technology ” that Asia will hold sway over other regions. Payment services, with … 17.6 percent, insurance services at 7.7

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PYMNTS

DECEMBER 7, 2020

Winters, speaking at the Singapore FinTech Festival, said there would likely be room for both state-backed digital currencies as well as privately-owned ones, CNBC reported. Bill Winters, CEO of Standard Chartered , said he sees the adoption of digital currencies on a widespread scale as inevitable, CNBC reported.

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PYMNTS

AUGUST 24, 2016

The blockchain — the underlying technology that powers the digital currency bitcoin — may be nearing its mainstream moment in the sun as four of the world’s largest banks are using it to develop a new form of digital currency. This is about streamlining it and making it more efficient.”.

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PYMNTS

AUGUST 19, 2016

One minute officials are threatening to punish bitcoin operatives and traders, the next minute they are suggesting that citizens can use bitcoin “in areas where such activities are legal.”. Something’s Afoot In Japan For Bitcoin. Japan seems to be overcoming this hurdle by introducing regulations on bitcoin use.

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Bank Innovation

SEPTEMBER 14, 2016

Kevin Simback and Josie Lee seeded the list of US companies using technology in the broad Digital Mortgage Market – MortgageTech. 1 – Mortgage Enterprise Solutions – this includes offering lending operating system (LOS) providers, marketing/lead gen/application/underwriting/fulfillment/closing platforms, servicing Read More.

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PYMNTS

JANUARY 29, 2018

Bitcoin grabs the headlines, but as investors rush to jump on the cryptocurrency bandwagon, there are other market forces at play ready to make an impact in cross-border payments – today. As these burdens on SMBs mount, FinTech stepped in to try to tackle the problem. With initiatives like Open Banking in the U.K.

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Bank Innovation

APRIL 11, 2016

Last week this space saw much of the largest fintech funding rounds taking place outside the U.S. That trend continues this week, with some San Francisco-grown AI thrown into the mix. This week we witnessed a major push forward in the process of collaboration between financial institutions (FIs) and startups. This Read More.

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Bank Innovation

MAY 9, 2016

15 months ago when I officially committed to Fintech content creation in Capital markets and Wealth management; I was cautious not to discuss blockchain (still not included in Word’s standard dictionary). I’ve been listening to understand and… Read more Blockchain in Capital markets: Emerging use cases I.

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Chris Skinner

MARCH 24, 2017

I recently was hauled up over saying that Western Union (WU) was being disrupted by FinTech. Equally, they point out that FinTech has yet to disrupt anything in the financial inclusion area. That’s why much media dislikes the WU model and hopes that FinTech firms like TransferWise and ABRA will disrupt that model.

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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. Globe Fintech, which is called Mynt, is said to be now looking for more funding — and aiming to get a valuation in excess of $1 billion. billion market cap.

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PYMNTS

APRIL 29, 2020

As traditional banks decide whether to dip their toes into the industry or not, the gap has created an opportunity for FinTechs to step in. With regulations surrounding digital currencies still in flux from one market to the next, compliance remains one of the most challenging obstacles for both crypto firms and banking providers to overcome.

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PYMNTS

NOVEMBER 23, 2017

22) on the sidelines of a financial innovation conference hosted by Thomson Reuters. While other countries are warning against cryptocurrency and initial coin offerings (ICOs), Japan has been embracing digital currency and has become a leader in the FinTech market. It’s too far off,” he said, in an interview with Reuters.

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PYMNTS

SEPTEMBER 11, 2019

The Libra Association is petitioning the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned Libra cryptocurrency, Reuters reported on Wednesday (Sept. The social media giant wants to move forward and launch Libra in June despite global questioning and hesitation.

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PYMNTS

JANUARY 1, 2019

Bitcoin (and other cryptocurrencies) had started its major run; everyone was excited. In the panel discussions, the bitcoin proponents were talking about it reaching $100,000. This was what everyone was hoping for — bitcoin was finally taking off, and it was going to be HUGE. As 2018 rolled along, bitcoin dipped.

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PYMNTS

JUNE 17, 2016

Unfortunately, “60 Minutes,” famous for investigative journalism, missed the really big story in FinTech. A few days later, one of the founding fathers of FinTech, Renaud Laplanche , was forced out of Lending Club, the peer-to-peer lender he founded in 2006, following scandals over loan disclosures and conflicts of interest.

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PYMNTS

MAY 5, 2019

In other news, Singapore’s Chief FinTech Officer of the Monetary Authority said that while blockchain has potential for cross-border payments, the agency “does not see much” in retail bank digital currencies. The design phase is underway, with testing to begin in Q2/Q3 2019. will be joining Ripple’s board of directors. “I

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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. APIs invite innovative changes to banking. The fear of non-payment, in particular, tends to be the smaller merchants’ worst nightmare.

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PYMNTS

NOVEMBER 21, 2018

The FinTech firms technology will reportedly work with SWIFT’s standardized financial messages, which serve the market in India. In other news, a venture capitalist believes that bitcoin may be a survivor as Amazon did in the dot-com crash, CNBC reported. Nobody likes being down like this.

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