PYMNTS

JULY 15, 2019

The rapid growth of cryptocurrency has come with closer scrutiny and a call for tighter anti-money-laundering (AML), know-your-customer (KYC) regulations. The anonymous nature of cryptocurrency, coupled with its irreversible transactions, is especially attractive to scammers and fraudsters.

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PYMNTS

JANUARY 2, 2020

The former head of technology at Barclays, Mark Hipperson, is launching a digital bank called Ziglu that will serve both crypto and fiat accounts, according to a report by Cointelegraph. challenger bank. The bank has applied to the U.K.’s In addition to working at Barclays, Hipperson was the former CTO at Starling, a U.K.

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Chris Skinner

FEBRUARY 17, 2019

Here’s a decent piece of coverage on CNBC: (JPM Coin) will be one of the first real-world applications for a cryptocurrency … The post Is JPMCoin a cryptocurrency and what should SWIFT do about it? appeared first on Chris Skinner's blog.

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PYMNTS

JANUARY 13, 2021

The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association.

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PYMNTS

OCTOBER 8, 2020

Bank Of Korea To Begin Testing Distribution Of Digital Currency. The Bank of Korea has indicated that it intends to start experimenting with distribution of its cryptocurrency next year. In April, the central bank said it had rolled out a 22-month test effort that would conclude in December 2021.

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Bank Innovation

OCTOBER 8, 2018

Not even a month has passed since Julie Demarigny, a veteran in digital entertainment industry having served Warner Bros. and Sony Music, has joined West Coast focused Union Bank as its head of digital banking.

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The Paypers

JANUARY 4, 2022

Assembled Financial ’s has introduced Anda , a digital bank solution that offers a low-cost digital bank account insured by the Federal Deposit Insurance and a loyalty program with a cryptocurrency component.

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PYMNTS

JANUARY 27, 2020

Singapore is aiming to boost cryptocurrency firms by offering them a chance to apply for operating licenses. The move, called the Payment Services Act, will allow global cryptocurrency firms the chance to expand their operations. After the Payment Services Act goes into effect on Thursday (Jan. and London-based Luno.

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PYMNTS

SEPTEMBER 11, 2019

As reported in this space, and via announcement sent to PYMNTS, the company’s CEO and Founder Neil Ambikar said that the firm will look to accelerate growth, with an eye on rolling out application programming interface (API) enabled banking services.

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PYMNTS

OCTOBER 12, 2020

European digital bank Revolut , the continent's largest such institution with 13 million users, is close to applying for a U.S. digital banking license, according to a report by CNBC.

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American Banker

JANUARY 25, 2024

The San Francisco technology company is partnering with Onramp Invest to offer registered investment experts tools for facilitating larger digital asset transactions.

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BankInovation

OCTOBER 21, 2021

The very fabric of banking and financial services is changing: What was once a digital supplement to in-person services is becoming the standard of business. trillion Royal Bank […]. That was one of the key observations from Jane Fraser, chief executive officer of $2.3

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CB Insights

APRIL 28, 2021

Current , a digital banking services platform has raised $220M in a Series D, led by Andreessen Horowitz. New York-based Current offers mobile banking solutions such as direct deposits, spend notifications, and banking insights, among others. The company started off as a provider for teen banking.

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The Financial Brand

SEPTEMBER 9, 2021

The post Are Cryptocurrencies Coming to Everybody’s Checking Accounts? appeared first on The Financial Brand - Banking Trends, Analysis & Insights. With interest in holding crypto rising fast among Americans, there's an opportunity to establish an early presence.

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PYMNTS

DECEMBER 21, 2020

Italian police charged the former head of cryptocurrency exchange BitGrail, identified by the initials of “F.F.,” with money laundering, fraudulent banking and computer fraud, Reuters reported. “It cryptocurrency exchange Exmo reported a “major” security breach on Mon. They allege that F.F. Meanwhile, U.K.

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BankInovation

FEBRUARY 6, 2023

San Juan, Puerto Rico-based FV Bank has added cross-border payment capabilities to its digital banking offerings to encourage customer retention. The new feature from the private digital bank runs on APIs and can send seven types of currency including U.S. At […]

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CFPB Monitor

APRIL 25, 2022

Anchorage is not any regular entity overseen by the OCC: it is a cryptocurrency custodian. Notably, Anchorage will pay no civil penalty. As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance.

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BankInovation

JANUARY 14, 2022

This week saw a funding round of more than $550 million for a commercial digital banking provider, as well as a $120 million round for a Swiss-licensed cryptocurrency assets trade and custody services provider.

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The Financial Brand

SEPTEMBER 1, 2021

The post 5 Cryptocurrency Issues Banks & Credit Unions Must Tackle Now appeared first on The Financial Brand - Banking Trends, Analysis & Insights. The definition of 'money' and 'investments' keeps expanding. Traditional institutions can't risk falling behind what consumers home in on.

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The Financial Brand

SEPTEMBER 22, 2021

The post Bank Regulator Sees Cryptocurrency Innovation Creating ‘Fool’s Gold’ appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Acting Comptroller draws parallels between booming blockchain-based currency businesses and innovations that ushered in the Great Recession.

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Chris Skinner

DECEMBER 3, 2017

Things we’re reading today include … Digital banking: a tough way to make money Best banking apps revealed IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency Bitcoin investors hoping to make billions may end up with a sack of fool’s gold UK banks warn over EU … The post Things worth reading: 4th December 2017 appeared (..)

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PYMNTS

OCTOBER 23, 2020

PayPal is looking at acquisition possibilities for cryptocurrency companies, including bitcoin custodian BitGo , a report from Bloomberg says. The move would help PayPal boost its embrace of digital coins.

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American Banker

JANUARY 13, 2021

said its digital bank, which will not take insured deposits, will enable the company to strengthen partnerships with financial institutions that offer custody services for clients’ cryptocurrency assets. A co-founder of Anchorage Trust Co.

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PYMNTS

JUNE 8, 2020

The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. The purchase, according to the IRS document, would be useful to help keep ahead of crimes related to cryptocurrency and digital banking.

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PYMNTS

OCTOBER 22, 2019

Carlos Costa, the head of the Bank of Portugal and member of the European Central Bank (ECB) board, said banks are going to have to be nimble and fast reacting if they want to stave off competition from FinTechs and digital banking apps. There will be an adjustment on the banks’ side,” Costa said.

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PYMNTS

NOVEMBER 1, 2020

number of big crypto custodians like Anchorage, Coinbase, and a number of others, have been contacted by banks about whether they’d be willing to be like the third-party custody providers for national banks whose customers want to invest in bitcoin,” he said, according to CoinDesk. “Well, what I have heard.a

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PYMNTS

DECEMBER 14, 2020

TCF, with 475 bank locations, will merge into Huntington, which has 839 bank locations in seven states. London Neobank Revolut Debuts Four New Cryptocurrencies. Revolut has launched four new digital currency tokens, including 0x, Tezos, OMG Network and EOS for Europe Economic Area (EEA) users.

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PYMNTS

JANUARY 11, 2021

After getting the banking license, Revolut said it would develop a “financial super app.” The FinTech startup has already created several financial services products, including cryptocurrency and stock trading, savings wallets, junior accounts and rewards. in March through a partnership with Metropolitan Commercial Bank.

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Chris Skinner

JANUARY 9, 2019

There has been a lot of thinking and rethinking during 2018 about blockchain, cryptocurrencies, bitcoin and everything digital currency related. I wrote about the challenges getting blockchains implemented for example, and was surprised to find myself enduing up as a network meme. The power of the pundit, ay?

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PYMNTS

OCTOBER 11, 2019

The founders of lending protocol Nuo have announced the launch of a new digital banking platform called Juno, which will be built on top of ethereum. The platform will rely on the Nuo protocol and is set to launch early next year. Juno’s flagship product will allow users to hold the dollar-pegged stablecoin and earn a 5.5

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PYMNTS

JANUARY 14, 2021

As quoted by Reuters, she termed the cryptocurrency a “highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity.” As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide.

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PYMNTS

MARCH 19, 2020

DeeMoney is using RippleNet to process inbound payments coming into Thailand as of now, and it is the first non-bank institution in the country to use RippleNet. In other news, Hawaii is rolling out its inaugural experimental program for cryptocurrency called the Digital Currency Innovation Lab, according to an announcement.

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Chris Skinner

OCTOBER 20, 2017

Continuing yesterday’s discussions about a big bank’s conference, I was intrigued at how often the subject of cryptocurrencies and bitcoin came up.

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Chris Skinner

OCTOBER 27, 2017

I’m guessing there were around 15,000 folks there this year, and everything but everything was being covered: AI, machine learning, mobile wallets, core banking, distributed ledger, blockchain, cryptocurrencies and just about … The post Survival of the most adaptable appeared first on Chris Skinner's blog.

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PYMNTS

JUNE 14, 2020

The move comes after the news of Xapo’s transition to a digital bank announced for this year. And, after reports that Chinese banks were considering shutting down cryptocurrency accounts, leaders have clarified that they have no intention of closing legal fiat to crypto operations, according to Cointelegraph.

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PYMNTS

DECEMBER 26, 2019

The intent is to start a fully-fledged central bank digital currency (CBDC). The bank stressed that the digital currency is not a cryptocurrency or a stablecoin — instead, it’s just a digital version of the existing paper currency, intended to help smooth things over for people without access to a physical bank, according to CoinDesk.

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The Financial Brand

JUNE 19, 2019

Facebook's Libra may be just another cryptocurrency, but the integration with digital wallet Calibra may be the real threat to banks. The post Why Retail Bankers Should Care About Facebook’s ‘Libra’ Cryptocurrency appeared first on The Financial Brand.

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