PYMNTS

AUGUST 27, 2020

In other news, LVC Corporation , which operates LINE, is announcing the launch of two new products: LINE Blockchain Developers, a developer platform for blockchain services; and the BITMAX Wallet, for managing digital assets, a press release stated. Other sites, including cryptowikipedia.ru Cointelegraph reported.

Bitcoin 153

Bitcoin blockchain cryptocurrency Cards 153

PYMNTS

JANUARY 5, 2017

As more banks, industries, companies and even retail brands take on and use blockchain technology in their business, there are the enhanced and innate elements of efficiency and security. “A But blockchain has also become a tracking mechanism, more so a cost-cutting measure for a variety of reasons. billion for a typical lender.

blockchain 115

blockchain Samsung Industry Security 115

PYMNTS

MARCH 22, 2016

Investors may be flocking to blockchain technology startups that are seeking out new ways to use the tool, but one startup just secured investment for making sure that the businesses using blockchain are doing so within the confines of the law. We have already been able to expand operations to the U.S.

blockchain 100

blockchain Tools Compliance Security 100

PYMNTS

SEPTEMBER 8, 2016

Among the copious potential use cases for blockchain, trade finance has gained the confidence of many industry analysts. In a statement, Barclays said using blockchain technology for trade financing could heighten efficiencies and lower costs by removing paper-based letters of credit between trading partners.

blockchain 100

blockchain Industry Fraud Report 100

PYMNTS

FEBRUARY 26, 2019

It was designed to settle transactions with clients of its wholesale payments operation, mainly for international and securities transactions related to blockchain. Dimon called bitcoin a “ fraud ” during the apex of the crypto boom. The bank became the first to create its own cryptocurrency earlier this month.

cryptocurrency 175

cryptocurrency blockchain Bitcoin Payments 175

PYMNTS

JANUARY 24, 2021

in January of 2018, and after that, an underground operation emerged, in which the yen were exchanged for other digital currencies on a dark website. The partnership will utilize SGX's multi-asset experience and strengths in working with operating market infrastructure, along with Temasek's work in blockchain and ecosystem connectivity.

Bitcoin 234

Bitcoin Marketing cryptocurrency Cards 234

PYMNTS

JUNE 8, 2020

Srinivasan will continue to lead the operations at Grit, according to BusinessLine. These kinds of corporate cards are intended to help with companies’ recurring business expenses when they can’t get working capital loans or are worried about high interest rates, BusinessLine reported.

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Payments Lending Cards blockchain 150

PYMNTS

FEBRUARY 16, 2020

Binance Holdings has applied for an operating license in Singapore under the country’s new payments legislation, which aims to be a comprehensive regulatory agency for digital currencies. Blockchain-based social media platform Steemit has partnered with the Tron foundation to bring users to Tron.

Bitcoin 168

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PYMNTS

JANUARY 18, 2021

There is no way to continue operative business in these conditions.”. Meanwhile, an Australian cryptocurrency exchange operator is suing Westpac and ANZ for harmful discrimination that allegedly interfered with his ability to run his business, according to a report from the Australian Financial Review.

Bitcoin 157

Bitcoin cryptocurrency blockchain Report 157

Lex Sokolin

MARCH 31, 2021

The second company, Feedzai, does fraud checks at the account opening and payment transaction layer, as well as helps with AML using machine learning. Our third example is Chainalysis, the crypto-ecosystem mapping firm that helps institutional actors like government, asset managers, and banks interact with blockchain-based digital assets.

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Capital Marketing Community social media 52

PYMNTS

JANUARY 17, 2018

“Of these, Big Data, blockchain and AI are integral to a successful and progressive FinTech industry.”. The company announced the financial support while noting it aims to develop its own Big Data and AI solutions and to apply blockchain, cloud and SaaS technologies into its operations as well.

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Trends Big Data blockchain Regional 116

PYMNTS

JUNE 29, 2018

News from the frontline of the digital fraud fight is mixed. With so much vulnerable data, companies are realizing the benefits of working together to fight fraud — and of going directly to data sources to authenticate consumer information. Other companies are making acquisition part of their fraud-fighting arsenal.

Data 101

Data Fraud Lending Security 101

PYMNTS

MAY 27, 2016

As for what else happened this week in bitcoin … Santander Takes Blockchain Cross-Border. bank to use blockchain for international payments, according to a Reuters report — and it is said to possibly bring the service to its customer base within the year. NASDAQ Launches Blockchain-Focused Financial Framework.

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Bitcoin blockchain Operations Fraud 104

PYMNTS

JANUARY 3, 2020

Transaction data on the eCommerce portal is an integral component to underwriting, and — when combined with publicly available data and other information from various platforms — can connect small businesses to capital that they might not otherwise be able to obtain, Mittal added. Building Financial Trust.

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Fintech blockchain Data Capital 120

PYMNTS

FEBRUARY 6, 2018

Further, automation in AP can address one of the largest challenges corporates face today: fraud. When we look at AP fraud specifically, the risks that these companies are facing is only increasing,” said APEX Analytix Senior Vice President Phil Beane in an earlier interview with PYMNTS. Technology for Technology’s Sake.

blockchain 101

blockchain Fraud Tools Technology 101

NCR

MARCH 25, 2016

By now you’re probably familiar with the term ‘blockchain’, and maybe even familiar with some of the services it’s projected to disrupt: payments, remittances, corporate audits, electronic medical records, etc. Blockchain technology doesn’t just offer an opportunity for future disintermediation or a means to offload risk.

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blockchain How To Technology Fraud 40

PYMNTS

JULY 2, 2019

The most recent evidence of this comes from Balboa Capital , which published a research report last week finding that nearly two-thirds of SMBs obtained a small business line of credit from a nonbank lender within the last year.

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Fintech Resources Capital Trends 125

PYMNTS

DECEMBER 12, 2018

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. What does that mean, then?

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Fintech Mobile Analysis Technology 211

BankUnderground

MAY 25, 2023

Closer inspection reveals an ecosystem experiencing several hacks, attacks, and fraud. Flash loans are unlimited uncollateralised loans, in which a user both receives and returns borrowed funds in the same blockchain transaction. Estimates show at least US$6.5 What exactly is a ‘flash loan’?

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blockchain US cryptocurrency Examples 82

CB Insights

FEBRUARY 12, 2020

Goodcover , a San Francisco-based insurtech, raised a $2M seed round led by Fuel Capital. The company focuses on using AI and IoT to drive better decisions in insurance underwriting, claims processing, and fraud detection. . AXA confirms its plans to sell its Eastern Europe operations to Austria’s Uniqa Insurance Group for $1.1B

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PYMNTS

OCTOBER 31, 2018

gears up to leave the European Union (EU), for commerce, there remains the unknowns of how trade will be affected, as well as how capital, goods and services can be tracked. The concept of blockchain used in Brexit’s aftermath — specifically to help navigate a new customs landscape — is nothing new. As the U.K.

blockchain 201

blockchain Fraud Data Study 201

PYMNTS

SEPTEMBER 28, 2017

None of us operate in isolation in the ecosystem in which we live,” Gorman said. “If If banks behave badly, the government says, ‘Raise more capital.’ Earlier in September, JPMorgan Chase chief executive officer James Dimon called Bitcoin a fraud and predicted the cryptocurrency would implode.

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Bitcoin cryptocurrency Regulation US 104

Accenture

AUGUST 26, 2019

In addition, a number of revolutionary ideas have recently hit the financial services industry, including digital and cryptocurrencies, as well as distributed ledger technology and blockchain. A number of these developments do not sound particularly exciting. Adoption of ISO 20022 as “the global language for financial messaging”.

Industry 174

Industry Payments System Guidelines 174

PYMNTS

MARCH 23, 2018

Funders had a range of startup targets in mind, but blockchain and small business banking were the big winners this time, though four funding rounds for blockchain companies couldn’t compete with the single largest funding round of the week, which landed at alternative banking startup N26. Blockchain. Reports in City A.M.

blockchain 110

blockchain Capital Management Software 110

Gonzobanker

DECEMBER 19, 2022

In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy. 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. The Underhyped Tech of the Year – Blockchain.

Community 216

Community Fintech Industry Innovation 216

Lex Sokolin

OCTOBER 7, 2020

Crypto assets, and crypto capital markets. Those platforms shifts are the technology vectors of cloud and software-as-a-service, artificial intelligence, blockchain, and augmented reality. Fraud, trading, underwriting, client experience. You can keep asking these questions, and getting these sets of logo-based answers.

US 52

US Capital System blockchain 52

CB Insights

NOVEMBER 2, 2017

Over 143 million Americans will be at risk of financial fraud for years following the Equifax cybersecurity breach, while an estimated 3 million Wells Fargo customers unknowingly had their digital identity stolen to open fraudulent trading accounts. RegTech Trends. Today, solutions are complementing existing workflow.

Compliance 72

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Insights on Business

OCTOBER 11, 2017

Better yet for these companies, they are unburdened by assets such as brick and mortar retail branches, allowing them to operate on very thin margins. The risk is best summed up by the reality of “faster payment, faster fraud.” to this point, going with a single-operator approach for Faster Payments.

Industry 70

Industry Payments Course Meeting 70

CB Insights

OCTOBER 10, 2018

One of the biggest challenges these companies face is that many operate without a bank charter or license. Both have access to significant financial capital to scale far beyond what’s available to even well-funded startup challengers. why profitability won’t come easy. As a result, they can only offer limited services.

Retail 78

Retail Cards Millennials Mobile 78

Lex Sokolin

OCTOBER 14, 2020

So you soldier on and bring in hard-nosed hedge fund capital. So you decide to aggregate your own capital through deposits and buy Radius bank. This geography too had a p2p lending explosion, which in large part involved fraud and bankruptcy. Maybe sell them downstream into fixed income funds. You’re a bank now anyway.

Lending 52

Lending User Experience Google United States 52

Jeff For Banks

DECEMBER 12, 2015

Perhaps I should have mentioned blockchain. If a bank deems a vendor critical to its operation, it must analyze the vendor's financial statements to be confident in its viability. Firms started in the dorm room that have no employees, just an eager volunteer, no revenue, and no capital need not apply. And I suspect elsewhere.

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CB Insights

MARCH 21, 2018

Live briefing: BLOCKCHAIN TRENDS IN 2018. Join us for a deep dive into blockchain in 2018. Enter blockchain technology, a cryptographically secured form of shared record-keeping. While the blockchain has been subject to extreme hype, its true killer applications are likely to be in some of the most antiquated fields out there.

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blockchain Fraud Policies Industry 78

CB Insights

FEBRUARY 21, 2019

Blockchains are becoming a key enabler of this digital transformation (in a similar way to how the emerging tech is disrupting other long-established industries like banking and insurance ). GET the 47-page blockchain TRENDS report. Why blockchain tech could benefit the real estate industry. Table of Contents. Challenges.

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blockchain Fraud Technology Management 78

PYMNTS

MAY 3, 2020

Block.one, which is behind the EOSIO (EOS) protocol, now has a patent for a blockchain-based bidding system for promotional exposure for social media, according to Cointelegraph. The system could possibly monetize every single social media post on a given network for operators as well as content creators.

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social media Arizona Capital Colorado 131

PYMNTS

DECEMBER 7, 2017

Blockchain and crypto companies may be operating with cutting-edge technology, but in the back-office, accounting and bookkeeping strategies are stuck in the stone age. There is a huge gap right now, and traditional accounting software doesn’t integrate with blockchains and cryptocurrencies.”.

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blockchain cryptocurrency Software Regulation 131

PYMNTS

OCTOBER 20, 2018

It was not a technical challenge; it was a business challenge to get all the regulations, PCI, KYC, money transmitter relationships, banking relationships, the capital reserves, the fraud — all of the things we needed to do took a year and a half. It took us 18 months to launch the product in a legal and compliant and secure way.

Innovation 177

Innovation Payments Cards Retail 177

Gonzobanker

NOVEMBER 9, 2015

Can you say blockchain, blockchain, blockchain? Roughly 10% of all the individual track sessions were devoted to blockchain/bitcoin. For those with skin in the bitcoin game, the message was, “Why are we trying to separate blockchain from bitcoin?” Thoughts, Consumer Financial Protection Bureau?

blockchain 60

blockchain Bitcoin Lending Innovation 60