PYMNTS

DECEMBER 20, 2017

As more businesses join collaborative groups and invest in internal research and development (R&D) to explore using blockchain for new services, some firms have begun to use the technology themselves. Currently,” Citi explained in its announcement, “banks have to set aside capital as they wait for collateral to be settled.

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PYMNTS

NOVEMBER 8, 2019

Venture capital firm Andreessen Horowitz is offering a course to help entrepreneurs better understand blockchain technology and cryptocurrency companies, according to a report by CNBC. If they do go start a company, we hope we’ll be one of their first phone calls, but there’s no requirement for that.”.

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PYMNTS

JUNE 20, 2018

The skeptics are flocking out of the shadows to warn investors and innovators that blockchain may not be the catch-all solution and market-changing disruptor it promises to be. The latest vocal proponent of blockchain for the enterprise is Sergio Ermotti, CEO of UBS Group. “You need also to be able to price it correctly.”

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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. billion of venture capital invested in the sector across 2,304 deals, a 148 percent or 2.5 Bithumb has certainly been busy.

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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. Bitcoin and blockchain creator Satoshi Nakamoto developed these tools nearly a decade ago, he said. Broader Doubts Emerge.

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PYMNTS

JUNE 20, 2019

Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”. One thing he wants to do right away is to enhance the coordination between financial regulators in the country. “To The Bank of England approaches Libra with an open mind but not an open door,” Carney said.

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PYMNTS

JUNE 13, 2019

According to John Roth, chief compliance and ethics officer at Seattle-based exchange Bittrex, it will be costly and difficult for companies to follow these regulations. The company is developing the Spring Protocol, which is a blockchain-based platform designed to transform how information and data are shared globally. “We’re

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PYMNTS

MARCH 25, 2016

It may have been a big week for alternative lending in the consumer finance space, but in B2B payments, blockchain and eCommerce startups snagged the biggest share of venture capital. Blockchain. But that doesn’t mean blockchain is free from its notoriety. 30 million , to be exact.

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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.

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PYMNTS

NOVEMBER 23, 2020

Blockchain and a bank charter might do much to boost financial inclusion. While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments.

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PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. The news outlet quoted SEBI Chairman Ajay Tyagi late last month that blockchain may pose challenges for exchanges and financial firms. “We

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Insights on Business

OCTOBER 16, 2018

Regulations such as the second payment services directive (PSD2) and the Open Banking project spearheaded by the UK’s Competition and Market Authority (CMA) are driving disruption in the banking value chain. With the IBM Open Banking Platform , financial institutions can innovate faster, reduce risk and protect core banking applications.

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PYMNTS

MARCH 23, 2016

The whispers have grown to loud chatter when it comes to blockchain technology and the impact it might have on the financial services sector. The latest research from PwC found that banks are no longer taking blockchain technology as an easily ignored fad. For FIs, it’s better to be friend instead of foe with the disruptor.

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Insights on Business

OCTOBER 20, 2016

In March of 2016, I testified on the revolutionary nature of blockchains before the U.S. Since that time, blockchains have continued garnering interest across multiple industries from banking to health care, and have been explored for quite a few additional use cases. And let’s not forget blockchain’s nature as a disruptive technology.

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PYMNTS

FEBRUARY 20, 2018

Regulators, banks, customs, shipping, logistics and FinTech companies need to work together to inform new regulatory, legal and technical standards.”. Rather, it has meant that banks can increasingly collaborate with these new players in order to innovate and increase trade finance provision.

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PYMNTS

NOVEMBER 23, 2016

While more banks and businesses are delving into and even getting comfortable with the idea of blockchain, some businesses are removing themselves from it. This week Goldman Sachs opted out of renewing its membership to the R3CEV blockchain consortium. Another bank’s blockchain commitment that seems not firm is Germany’s central bank.

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PYMNTS

OCTOBER 17, 2017

The cross-border payments space presents a whole host of challenges for FinTech innovators to try to solve, with new solutions targeting everything from global eCommerce to international tuition payments. The October 2017 X-Border Receivables Report , released last week, outlines just how vast the cross-border payments market is today.

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PYMNTS

FEBRUARY 8, 2018

percent of domestic and cross-border payments in December 2017, SWIFT found, with the company’s Head of Payments Markets, Asia-Pacific, Michael Moon noting, “Experts suggest that capital controls and uncertainties over future regulations mean that a significant reversal of the decline in RMB usage for trade and payments is unlikely in 2018.”.

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PYMNTS

SEPTEMBER 11, 2019

“Switzerland offers a pathway for responsible financial services innovation harmonized with global financial norms and strong oversight,” Facebook’s Libra Association said in a statement to CoinTelegraph. “We Just yesterday , U.S.

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Bussman Advisory

FEBRUARY 21, 2018

There should be no doubt by now that initial coin offerings – token sale fundraisings by startups – have established themselves as new and very compelling forms of capital raising. Startups, primarily in the blockchain world, raised $4.6bn in various forms of token launches in 2017, a quantum leap from the $0.2

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PYMNTS

OCTOBER 14, 2017

We have come to spread the goods news of the latest financial services innovation. Enter blockchain, because cash no longer rules everything around the Wu-Tang Clan, and yet the ethos of CREAM can still live on. The CREAM in Cream Capital stands for Crypto. However, we have not come to bum you out on a Saturday.

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PYMNTS

DECEMBER 6, 2017

The evolution of blockchain-based services. And, much to the relief of corporates, the continuing focus on B2B payments innovation. We are definitely seeing more innovation in the cross-border B2B space in the last two years than we have ever before,” he recently told PYMNTS. “We Collaboration between FinTechs and banks.

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CB Insights

MAY 8, 2018

While the prices of cryptocurrencies and cryptoassets have fallen from their 2017 peaks, equity investment into blockchain startups is on pace to hit all-time highs in 2018. THE FUTURE OF BLOCKCHAIN TECH. See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology.

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PYMNTS

MARCH 4, 2019

The completion of the deal comes as talk abounds that the company wants to raise $250 million in fresh capital. They said the company is focused on bringing the breakthroughs of blockchain technology to traditional forms of financial contracts, including equities and other securities.

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PYMNTS

NOVEMBER 8, 2019

Venture capital firm Andreessen Horowitz is offering a course to help entrepreneurs better understand blockchain technology and cryptocurrency companies, according to a report by CNBC. If they do go start a company, we hope we’ll be one of their first phone calls, but there’s no requirement for that.”.

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Bank Innovation

MARCH 19, 2020

What is the role of innovation in response to these rapidly unfolding events? For insights into these questions, Bank Innovation and INV Fintech, its sister banking innovation services platform, will present a special Zoom meeting on […]. How will banks and startups work together?

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PYMNTS

FEBRUARY 14, 2020

12) that the federal government would be rolling out new regulations regarding cryptocurrency at the Financial Crimes Enforcement Network (FCEN). He said that there had to be a balancing act — the tech should be allowed to move forward and innovate. Secretary of the Treasury Steven Mnuchin said Wednesday (Feb. trillion budget proposal.

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Gonzobanker

FEBRUARY 1, 2023

While AOBA provides a fertile forum for buyers and potential sellers in the bank M&A space to commensurate, the crowd uses this valuable face time to also delve into discussions about the economy, strategic growth, fintech innovation, competition, and talent wars.

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PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Blockchain. Blockchain. Digital banks.

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Insights on Business

JANUARY 25, 2019

Blockchain is another technology area that is helping banks and large financial institutions in regard to regulatory change. The enhanced customer experience and cost savings offered by blockchain for KYC are significant and the transparency of blockchain technology empowers governance, risk and compliance across an organization.

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PYMNTS

MARCH 17, 2017

But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. They also face an uncertain future, as regulatory futures remain uncertain and at least one federal regulator seems determined to put them out of the marketplace. It’s a big problem. That is not true,” O’Neil noted.

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PYMNTS

JUNE 19, 2019

That move includes new rails (the Libra Blockchain), the new currency (Libra), and the new Geneva-headquartered nonprofit (the Libra Association) that will act as its governing network structure and hold the Libra reserves. The 28 Founding Members of the Libra Association are impressive, to say the least. He said to forget the 1.7

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PYMNTS

NOVEMBER 23, 2017

22) on the sidelines of a financial innovation conference hosted by Thomson Reuters. As part of the new law that has “legalized” Bitcoin in Japan, the nation’s Financial Services Agency has put capital requirements — along with cybersecurity and operational stipulations — in place for Bitcoin exchange. Russia, U.K.

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PYMNTS

MAY 13, 2016

Of course, when the former commissioner, Bart Chilton, says bitcoin, he’s talking blockchain and all digital currencies. Because he believes there should be proper protection and regulation over them. How Bill Clinton’s administration dealt with the Internet in order to ensure it was not over-regulated. Fair point.

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PYMNTS

MARCH 1, 2016

The tallies are in: Innovate Finance has calculated the state of investment in FinTech for 2015, and we have the numbers. Innovate Finance released The 2015 FinTech Investment Landscape this month, a report that offers a snapshot at how investors are placing their money among financial innovators. Corporate Venture Capital.

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PYMNTS

AUGUST 3, 2017

“Unfortunately the capital certainly has not improved,” said Bill Winters, chief executive at Standard Chartered, according to news reports in the Financial Times. “Regulators have been quite slow and it is bordering on shameful, to be quite honest. Revenues climbed 3 percent to $7.2

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Celent Banking

OCTOBER 17, 2016

SWIFT’s global payments innovation (gpi) initiative: SWIFT announced that it had successfully completed the first phase of the gpi pilot, surprising some bankers with SWIFT’s ability to meet the first milestone so quickly. A selection of Sibos session recordings is available on the Sibos website.

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