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Boston Fed Takes On Cyber Risks, FinTech Competition

PYMNTS

Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing today.

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Merchants Ready For Open Banking — And Its New Laws — To Impact US Rollout

PYMNTS

the Federal Reserve Bank of Boston said, “To date, U.S. This figure includes new users of online banking platforms or money management FinTechs, services that are covered under U.K. It’s part of that “stand back” posture the Boston Fed noted in its March brief. Artisanal APIs Derive From Deep Merchant Data.

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Today In Payments: $50B In Crypto Moved Out Of China; Uber Health To Deliver Meds

PYMNTS

Plus, Amazon has put some hiring on hold for its Alexa operation. Amazon has put some hiring on hold in its Alexa operation amid the pandemic. Jim Cunha, senior vice president of secure payments and FinTech at the Federal Reserve Bank of Boston, tells Karen Webster why the Fed is working with MIT to explore digital dollars.

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SEC Charges Founder Of Mozido With Defrauding Investors

PYMNTS

The Securities and Exchange Commission (SEC) announced news on Monday (April 2) that it charged Michael Liberty, the founder of Mozido , the FinTech startup, with scamming investors out of their money. Unscrupulous operators make it difficult for ordinary investors to assess such ‘investment opportunities.’”.

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Metro Joins Bacs For SMB Direct Debits

PYMNTS

operated Bacs and partnered with Boston payments firm Bottomline Technologies to enable direct debits for small to medium-sized businesses (SMBs), Metro announced on Wednesday (Feb. Direct debit is widely considered to be among the most secure and cost-effective ways to handle payments and most minor SMBs don’t have access to it. .

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Said Allaire of the bid to get digital currencies more front and center: “Regulators are getting their arms around them … the digital asset market is now moving, more and more, into the mainstream of finance, FinTech payments and banking world.”. And, of course, the crypto landscape extends well beyond bitcoin.

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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

PYMNTS

Earlier this year, as noted by PYMNTS , the bank said it “established a small in-house Innovation Lab as a way to strengthen engagement with, and understanding of, new and emerging technologies that are relevant to its policy and operational responsibilities.”

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