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. percent for the day.

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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

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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Fintech Community Community Bank Meeting 184

PYMNTS

JANUARY 26, 2021

In other news, European FinTech SIA is partnering with WizKey to create a platform to allow credit negotiations on blockchain for banks, financial operators and funds, according to a press release. Diokno, Philippines’ Central Bank (BSP) governor in the release.

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PYMNTS

MAY 13, 2016

Promoting bitcoin. Which is why Obama and his team probably aren’t enthusiastic about an op-ed for CNBC from a former Commodity Futures Trading Commission (CFTC) commissioner suggesting that the White House should “heed the call” on bitcoin. One thing that’s probably not higher on that rapidly growing list?

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PYMNTS

DECEMBER 17, 2020

UK FinTech GoCardless Raises $95 Million Led By Bain. FinTech GoCardless has raised $95 million in a Series F funding round led by Bain Capital Ventures. Fiserv To Acquire FinTech Ondot Systems. The FinTech Fiserv has signed a deal to acquire Ondot Systems. Bitcoin Rally Here to Stay — Or Fleeting?

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Massachusetts Bitcoin Payments System 147

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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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

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. Bitcoin was created as a way to bypass the middleman of financial transactions — which, traditionally, is the bank itself.

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PYMNTS

JUNE 4, 2018

The Consumer Financial Protection Bureau (CFPB) said this past week that it is linking up with the Commodity Futures Trading Commission, eyeing a regulatory sandbox for FinTech firms. And, at the same time, if you overregulate, you sort of tamp down that creativity and you discourage the innovation.”. As noted at the time, the U.S.

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Bank Innovation

DECEMBER 3, 2018

Bitcoin is no longer enjoying the limelight, non-bank giants like Amazon, Walmart and Google have shaken up the banking landscape and automation has become the norm in various aspects of banking with banks like using it in the backend of credit decision-making and lending. But which Bank Innovation stories caught […].

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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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Retail Payments Bitcoin Policies 219

PYMNTS

JANUARY 7, 2020

The financial center operates with its own legal, regulatory and tax infrastructure and traces its roots back to 2005. India, of course, has said financial firms cannot provide such services, and China has banned the operation of domestic exchanges. Time will tell, of course.

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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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Strategy Report Lending Fintech 190

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. Russia, U.K.

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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

The New York State Attorney General ( NYAG ) Letitia James wants to see documents regarding an alleged deal made between cryptocurrency exchange Bitfinex and stablecoin operator Tether that “misled their clients and investors.”. The design phase is underway, with testing to begin in Q2/Q3 2019.

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PYMNTS

SEPTEMBER 1, 2017

and Asia, and PYMNTS lined up all the B2B FinTechs that recently scored fresh funding. Despite being banned in its home country of Kenya, BitPesa, a startup that uses Bitcoin to facilitate cross-border B2B payments, has continued to proliferate throughout the globe. Mobikon said it also hopes to establish operations in the U.K.

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Bank Innovation

JANUARY 25, 2018

The cryptocurrency bitcoin, which shocked everyone by surpassing $17K, further shocked everyone by dropping below $10K. EXCLUSIVE — It’s not even a month into 2018 and already so much has changed. Then of course there are various other events sweeping the financial services space, from new tax laws in the U.S., to the rise of […].

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Accenture

NOVEMBER 27, 2017

Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models.

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Independent Banker

NOVEMBER 25, 2015

Even with technology’s increasing influence on retail banking, it’s not typical for a community bank to have one of its most senior and trusted executives concentrate primarily on leading consumer product and payments innovation. The role of Alex Jimenez, senior vice president and director of digital and payments innovation at the $7.2

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PYMNTS

MARCH 17, 2017

One area in which we’ve seen innovation break through recently may come as a surprise: insurance. To help better understand blockchain technology and how it is impacting the insurance industry, we sat down with global innovation platform Plug and Play ’s Principal and Director of InsurTech, Ali Safavi, and its Founder and VP, Scott Robinson.

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PYMNTS

SEPTEMBER 10, 2019

Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker told Geneva reporters that all cryptocurrency projects operating in the U.S. will be required to comply with regulatory standards to prevent money laundering and terrorism financing.

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PYMNTS

MAY 16, 2016

Explore how B2B FinTech is on the cusp of change as we break down all of the statistics and surveys below. SMEs want banks to offer bitcoin services , suggesting the cryptocurrency may not be such a failure after all. Those services include bitcoin and peer-to-peer lending, analysts said. and U.S.

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Chris Skinner

JULY 25, 2017

Housed at the World Bank, CGAP’s mission is to improve the lives of poor people by spurring innovations and advancing knowledge and solutions that promote responsible, sustainable, inclusive financial markets. Avoiding intermediaries to access this basic infrastructure brings operational savings, ultimately lowering costs.

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Bank Innovation

SEPTEMBER 14, 2016

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

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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.

Retail 100

Retail Payments Bitcoin Policies 100

PYMNTS

DECEMBER 26, 2016

Look For Innovation In Unlikely Places. The payments space is rapidly expanding, and as new entrants continue join the fold, Weiss noted that there’s plenty of opportunity to discover innovation in unlikely places. I think innovative ideas can ignite from inside the payments industry but outside it as well.

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PYMNTS

JULY 1, 2016

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Between 2011 and 2015, the government allocated $16 billion to help accelerate Singapore’s research, innovation and enterprise landscape.

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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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San Francisco Fintech Marketing Trends 150

Lex Sokolin

NOVEMBER 12, 2020

has reinforced the value of Bitcoin. Perhaps this was also driven by the much discussed move from PayPal, the payment processor, to finally incorporate Bitcoin into its currency options. The second is more deeply transformative, and analogizes more closely to owning Bitcoin and using it to transact. The election’s end?—?and

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PYMNTS

NOVEMBER 3, 2019

FinTech company SPEZA announced that it will be able to accept China’s Digital Currency Electronic Payment (DCEP), the world’s first sovereign digital currency. The digital asset solutions provider, exchange operator and regulator, based in Malaysia, will also accept all major digital assets listed on SPEZA Digital Asset Exchange.

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PYMNTS

APRIL 2, 2018

On the global stage, bitcoin fell below $7,000 to just above $6,800, and Ripple slipped to its lowest price since the end of 2017. As of the end of the week, at least one firm, Mattervest, said it had shuttered operations. Sandboxes are finding their way into the FinTech arena in the United States. Same alarms, different week.

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PYMNTS

FEBRUARY 5, 2018

Last month, Canada’s Competition Bureau released its final study on tech-led innovation in FinTech, offering regulators some thoughts on competition in the payments sphere, along with suggestions on where the competitive landscape could be improved. PYMNTS asked which countries might be a model and a template for innovation for Canada.

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PYMNTS

JUNE 27, 2018

Our new, hard infrastructure will be future-proofed to your imaginations, opening up a range of potential innovations in wholesale markets and corporate banking and retail services.”. At the heart of this innovation is the smart contract, which Microsoft said will enhance security, transparency and trust in the agreements.

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blockchain cryptocurrency System Innovation 158

PYMNTS

SEPTEMBER 26, 2018

Ether, for instance, seems to have dropped in value, just as many organizations that had previously raised funds in Ether via ICO “cash out” so as to finance their operations and pay for expenses, Bloomberg said. It’s another gap in the market giving rise to FinTech firms addressing this issue. This week, U.S.

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NCR

NOVEMBER 11, 2016

If recent forecasts from the World Economic Forum (WEF) are to be believed, blockchain – the technology behind bitcoin – is set to become “the beating heart of the financial system” But some in the industry might not be entirely clear about what blockchain even is, let alone the impact it could have on how banks do business.

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