PYMNTS
JANUARY 10, 2020
Deribit , a popular global cryptocurrency options exchange, is moving to Panama in February to sidestep the Netherlands’ upcoming regulation changes on the industry, according to Bloomberg. Know Your Customer is literally the foundation of regulated financial services.”. million in a Series A funding round, led by WisdomTree.
PYMNTS
NOVEMBER 23, 2017
Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. 22), regulators in the U.K., s capital. According to a report in Fortune published Wednesday (Nov. Meanwhile, in the U.K.,
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PYMNTS
JUNE 12, 2017
Broadhaven Capital Partners was the sole advisor to R3 on this deal. Many of the world’s largest financial firms have come together not just with capital support, but with a robust commitment to work with R3 in developing industry solutions that will be the building blocks of the new financial services infrastructure.
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. Can the states make licensing – of the money movement kind – any easier?
PYMNTS
FEBRUARY 10, 2020
The impression may be that the tax amounts to a “papercut,” but it “could impact working capital of small businesses.”. Separately, Facebook has reportedly settled a lawsuit for violating laws in the state of Illinois tied to facial recognition technology, agreeing to pay a fine of $550 million.
PYMNTS
SEPTEMBER 25, 2018
The company has raised more than $205 million from Kleiner Perkins, August Capital, Shasta Ventures and Google Ventures. could face regulation similar to that of traditional car rental companies. The expansion comes as Turo and other car-sharing services in the U.S.
PYMNTS
NOVEMBER 23, 2020
In terms of mechanics, he explained, having a national bank charter in hand from the OCC means Figure will not have to obtain licenses to provide financial services on a state-by-state basis, but instead will be enabled to deliver its offerings on a nationwide basis while tailoring its compliance to the mandates of the OCC as sole regulator.
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