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EU Proposed Law Aims To Make Friends With FinTech

PYMNTS

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. The proposed law would bypass the mixture of regulatory approaches FinTech firms currently have to deal with, as well as review how firms handle cybersecurity and cyber threats.

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Bitcoin Daily: FinTech Outpaces Blockchain In 2018 VC Funds; Chainalysis Raises $30M For Expansion

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South Korean cryptocurrency exchange Bithumb announced the launch of its own fiat-to-crypto exchange in the United Arab Emirates (UAE) with UAE-based firm Nvelop. The partnership will enable Bithumb to further expand in the Middle East and North Africa (MENA) region, including Saudi Arabia and Bahrain. times increase over five years.

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Core Unicorn Deals Rattling the Future of Financial Technology

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The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. This tech is also aimed to serve as the challenger bank or “sidecar” core offering for the digital subsidiaries of community and regional banks.

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Bitcoin Daily: Ripple Donates $9.95M To Boost Digital Financial Inclusion; Blockchain Payments Network Stellar CEO Named To IMF Panel On Cross-Border Payments

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And through work with RippleWorks, the nonprofit arm of the cryptocurrency, Mercy Corps will work to implement new digital technology like distributed ledgers and cryptocurrency over a three-year project. Scott Onder , senior managing director for Mercy Corps Ventures, said the initiative would help to fix a broken system. “The

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Bad Loans Slow Banks In FinTech Race

PYMNTS

FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority (EBA) said on Tuesday (July 3). In addition, the EBA said banks might be burdened with old technology, Reuters reported. s exit from the bloc next year.

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Lack Of Insurance Hurts Crypto’s Push To Go Mainstream

PYMNTS

Adoption of cryptocurrency by large fund managers is being hurt by the difficulty cryptocurrency exchanges and traders located in Asia are having trying to get insurance to protect against hacks and theft. However, getting such coverage is almost impossible despite their best efforts.”.

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ACI Worldwide, Mastercard Join Together To Ramp Up Real-Time Payments

PYMNTS

With more countries and regions embarking on the modernization of their payments systems to capitalize on real-time technologies and customer demand, the market opportunity is significant,” said Paul Stoddart , Mastercard president of new payment platforms. Payments giant Mastercard, based in Purchase, N.Y.,

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