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. In Hong Kong, 39 percent of new FinTech firms launched in the last year are now operating via blockchain, Cointelgraph reported.

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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

Bitcoin 212

Bitcoin cryptocurrency Fintech US 212

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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blockchain Bitcoin Fraud Report 206

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.

Bitcoin 201

Bitcoin Kentucky Payments cryptocurrency 201

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.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

PYMNTS

JULY 27, 2020

Banking veteran Richard Davies is leaving his role as CEO of banking at digital-banking shop Revolut , one year after coming aboard to bring his seasoned skills to the startup, the Financial Times reported. Davies’ exit comes just four days after the London-based operation announced $80 million in new funding.

United States 140

United States Leadership Risk Management California 140

PYMNTS

OCTOBER 12, 2020

BitMEX has announced a new Chief Compliance Officer in Malcolm Wright, who will serve in the role for 100x Group, which operates HDR Global Trading Limited, which runs BitMEX. Bank of England governor Andrew Bailey said he doesn’t see the value of Bitcoin as a mode of payment, cautioning it as a legitimate use, Reuters reports.

Bitcoin 261

Bitcoin Compliance Lending Regulation 261

PYMNTS

JULY 15, 2019

The cryptocurrency will reportedly be tested with select customers by the end of the year and demonstrates the firm’s goal to increase digital operations. Digital innovation enhanced the company’s Q1 earnings performance, which surpassed analyst’s predictions.

Innovation 139

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PYMNTS

DECEMBER 27, 2019

Daniel Pinto, the co-president and chief operating officer of JPMorgan Chase , told CNBC in an interview that 2020 will likely see sturdy economic growth of about 1.5 percent or 1.8 percent in the United States. That, he said, signaled an economy that is strong on consumer spending.

United States 153

United States cryptocurrency Digital Banking Google 153

PYMNTS

DECEMBER 27, 2019

Daniel Pinto, the co-president and chief operating officer of JPMorgan Chase , told CNBC in an interview that 2020 will likely see sturdy economic growth of about 1.5 percent or 1.8 percent in the United States. That, he said, signaled an economy that is strong on consumer spending.

United States 136

United States cryptocurrency Digital Banking Google 136

PYMNTS

NOVEMBER 13, 2020

Wells Fargo & Co is looking to sell its private-label credit card and point-of-sale (POS) financing division as part of a continuing strategic review of its operations. A recent Nilson report estimated the bank’s portion of private-label card spending was 5.75 ECB’s Lagarde Says Digital Euro Could Launch in Two to Four Years.

Cards 186

Cards cryptocurrency Report US 186

PYMNTS

NOVEMBER 16, 2020

City of London Group has spent the last couple of years developing the team to operate the new bank and get its IT backbone ready. Banks' Margins Suffer as US Consumers Pay Down Credit Card Debt. banks was $755 billion, down $100 billion from pre-COVID. BOE: Banks Don't Get Protection from Digital Currencies.

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PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. The growing prevalence of cryptocurrencies is also complicating the finance sectors’ security efforts.

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

SEPTEMBER 13, 2019

By being able to operate as a bank, we have the tools to take the next step and drive true positive change for the users.”. Northmill said it had a “constructive dialogue” with the SFSA, and that banking services like payment transfers, saving accounts and cards will all be added “in the near future.”. “The and Monzo in London.

cryptocurrency 156

cryptocurrency Fintech Innovation Operations 156

PYMNTS

NOVEMBER 15, 2019

Users of Facebook Pay , which the company said is not related to its proposed cryptocurrency Libra, will be able to enter a preferred payment method and then use the option to eventually pay throughout all of the related apps. But at this point, it seems unlikely that major changes are in store for the eCommerce operator.

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

SEPTEMBER 13, 2019

As you no doubt know, 50 attorneys general this week announced an antitrust investigation into Alphabet and Google’s operations. Digital banking: Multiple digital banking licenses are to be granted in Singapore, and Hong Kong amid concerted government efforts, showing traction for the online banking model.

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Rhode Island Google Apple Regulation 100

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?

Fintech 211

Fintech Mobile Analysis Technology 211

PYMNTS

SEPTEMBER 14, 2020

Standard Chartered debuted a new Banking as a Service solution, nexus, in March, which worked to give digital platforms like eCommerce or ride-hailing operations the option to ability to offer credit cards, loans and savings operations in their own brands.

blockchain 302

blockchain Report Operations Innovation 302

CB Insights

MARCH 8, 2018

Digital banking startups — or challenger banks — have gained traction over the past few years by bringing retail banking services mobile. Banks in Fintech: what’s ahead in 2018. Join us for data-driven look at how major banks are approaching fintech investments and taking on insurgents. First Name.

Retail 78

Retail Digital Banking Fintech Regulation 78

PYMNTS

OCTOBER 29, 2019

“Real-time payments offer a unique opportunity for banks to differentiate their retail and commercial products.”. Commercial payments company Bottomline Technologies announced the integration of RTP within its Digital Banking IQ suite of services. Bottomline Integrates RTP. B2BinPay Integrates Blockchain.

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blockchain Payments Bitcoin cryptocurrency 101

PYMNTS

NOVEMBER 18, 2020

Among Visa's partners are Alipay, mPesa, Tencent, Bitcoin (and other cryptocurrencies). But even though these FinTechs operate separate payment technologies that could compete with Visa, he said, what has become increasingly apparent from its deal list over the last several years is that globally, the perspective is shifting. “We

Fintech 184

Fintech Community Community Bank Meeting 184

PYMNTS

JUNE 18, 2018

“Our clients are increasingly asking for mobile services that make their lives easier, and Erica is becoming a growing choice for its convenience and personal solutions,” said Michelle Moore, head of digital banking at Bank of America. “As The Loss: Ripple . Tie: The March Forward of Cashierless Checkout.

Data 101

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PYMNTS

JULY 8, 2019

The system has always had its flaws, noted Alain Meier, CEO of Cognito – but in a pre-digital banking world where onboarding was a multi-day process, it wasn’t completely out of step with modern practices. The entire world has gone digital – particularly when it comes to commerce and financial services. “The

Compliance 202

Compliance Data System Fintech 202

PYMNTS

OCTOBER 4, 2019

Once upon a time in the 1960s, banks were building a series of one-off card-based solutions , much the way today in the ending days of the 2010s we see global digital banking, mobile wallets and alternative underwriting schemes building one-off tech-based solutions for financial services products. Goldman’s Marcus Has Lost $1.3B

Fraud 108

Fraud Google Apple Chicago 108

American Banker

JUNE 29, 2016

The cryptocurrency ecosystem operates on the fringes of tradition, with "initial coin offerings" announced, discussed and carried out largely via online forums and without regulation. The phenomenon is high-risk and should be treated as such.

Innovation 51

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CB Insights

DECEMBER 10, 2020

Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. Other companies focus on savings accounts.

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America Lending Cards San Francisco 101

PYMNTS

AUGUST 6, 2020

Goldman Sachs has named Matthew McDermott its new global head of digital assets, in a move signaling the bank’s renewed commitment to that area of banking, CNBC reported.

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Bitcoin blockchain Conference Survey 259

Abrigo

MAY 20, 2022

For example, if your institution has always focused on monitoring check deposits for fraud, what will happen in your fraud program as the trend changes towards fraud with unconventional payment methods, such as Zelle, Venmo, or cryptocurrency?

Trends 195

Trends Fraud Training Survey 195

PYMNTS

SEPTEMBER 23, 2020

Mesh Payments pointed out that small and medium-sized businesses (SMBs) use over 40 subscription-based software packages on average, and many of them are key to business operations. Bank Team On Virtual Cards, Expense Management. Bank to connect the former’s expense and travel management technology with the U.S.

Cards 214

Cards Payments Management Software 214

CB Insights

JULY 11, 2019

get the building the bank of the future report. Download the free report to find out about the rise of digital banking, challenger bank strategies and how incumbents are fighting back. Technology has reduced the costs of financial services by automating roles and replacing physical locations with digital channels.

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Gonzobanker

DECEMBER 1, 2022

The ATMaaS model will include machines and maintenance as well as handling cash-in-transit, transaction processing, cash management and forecasting, back office operations, software licensing, monitoring, and security. Banks now have the ability to replace drive-thru lanes with ITMs instead of tubes.

ATM 153

ATM Resources Management Capital 153

Independent Banker

NOVEMBER 25, 2015

The role of Alex Jimenez, senior vice president and director of digital and payments innovation at the $7.2 billion-asset, 85-branch community bank based in Rockland, Mass., has evolved over the years from operations oversight to overseeing operations and innovation.

Innovation 70

Innovation Community Bank social media Community 70

Gonzobanker

FEBRUARY 1, 2023

Digital Transformation – More Digital Than Transformative As bankers shared notes on recent technology investments, it is clear that there has been more digitization of how bankers already do business rather than a rethink of how to create a customer experience and operate the business with new tools and capabilities.

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Arizona Kansas City Industry Phoenix 144

PYMNTS

NOVEMBER 29, 2017

According to the forthcoming digital bank-and-brokerage service combo’s co-founder and CEO, Stephane Lintner, the firm is launching a model that reimagines security in the digital age. In the future, Lintner hopes to bring his bank’s services to an arena he sees as a natural extension: cryptocurrency security.

Digital Banking 108

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Gonzobanker

MARCH 9, 2022

The valuations of these deals should signal to bank executives just how much the free market views the future of finance as very much unbundled from our traditional industry structure. Fiserv had previously been recommending Finxact as the occasional digital bank core alternative to its traditional DNA, Premier, and Cleartouch core platforms.

Financial Technology 134

Financial Technology Technology Fintech Community 134

Accenture

NOVEMBER 27, 2017

This is just one example of a growing realisation by both banks and central infrastructure providers that adoption of technologies such as AI and machine learning, real-time messaging, 24×7 operations, analytics, cloud, IoT and open APIs is a major driver of change.

Innovation 171

Innovation Conference Fintech blockchain 171

CB Insights

AUGUST 26, 2021

Many of SoftBank’s portfolio companies operate across a variety of different industries. The largest fintech deal SoftBank has backed in 2021 is cryptocurrency exchange FTX ’s $900M Series B-II in July. Digital banking. Bubble size and proximity to center correspond to number of investments. Retail & consumer.

Regional 94

Regional Fintech Analysis Company 94