CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space. In the introduction to the RFI, the FHFA noted President Biden’s March 2022 executive order.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

PYMNTS

NOVEMBER 29, 2018

The allure of blockchain was its potential to be a catch-all solution, but as innovators take a more practical approach to introducing the technology to the real world, its true opportunity may lie in addressing highly specialized, unique points of friction. trillion by 2025. trillion by 2025.

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cryptocurrency blockchain Industry Technology 135

BankUnderground

FEBRUARY 20, 2020

Speculative buying can drive cryptocurrency prices down. Blockchain technology limits how quickly transactions can be settled. But the future value of cryptocurrency depends on its usefulness as a means of payment. During 2017, there was a surge in cryptocurrency speculation. Cryptocurrency has no fundamental value.

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Bank Innovation

JUNE 6, 2017

billion increase in market cap (just under a 500% increase, compared to bitcoin’s 11% increase for the quarter), according to data from Coindesk’s State of Blockchain report for 1Q17. The cryptocurrency-slash-enterprise […]. The top rival of “digital gold,” i.e. bitcoin, had a banner first quarter in 2017, with a $3.6

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PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. 1 have just taken effect.

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blockchain cryptocurrency Bitcoin Compliance 160

Bank Innovation

JUNE 8, 2018

What is the state of banking innovation today? Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice banking, payments, and alternative credit scoring. This year, the pressure for banks to innovate is high, as banks no longer […].

Innovation 220

Innovation Bitcoin Fintech Industry 220

Abrigo

APRIL 18, 2022

Innovation is key in the world of decentralized currencies The United States will have to be creative to stay competitive globally as digital assets enter the mainstream. The innovative world of digital assets has made big strides since its inception in 2009. The industry's most significant market increase was between 2016 and 2018.

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Bank Innovation

JANUARY 22, 2019

IBM, one of the world’s largest technology companies, has agreed to sponsor Bank Innovation Ignite, which explores new ideas and technologies needed to push banking forward. Bank Innovation Ignite, March 11-12 in Seattle, offers high-level discussions and networking around the future of what’s next in banking.

Innovation 170

Innovation Seattle Fintech Technology 170

CFPB Monitor

NOVEMBER 7, 2022

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

Financial Technology 78

Financial Technology Technology Fintech Innovation 78

Bank Innovation

FEBRUARY 19, 2019

The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. Community Capital Technologies, Denizen Financial, Diro Inc., The startups are:[link] Avocado Payments, Budgit Inc., Exagens Corp., Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI

Innovation 240

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PYMNTS

JULY 27, 2018

We’ve launched this cryptocurrency trading facility in response to demand from our user base,” said TransferGo Founder and CEO Daumantas Dvilinskas. With over 4,000 users signing up in the first few hours, we can see there is a strong demand in the market for a simple and reliable investment and trading solution.”.

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PYMNTS

AUGUST 10, 2017

Distributed ledger technology (blockchain) has made significant headway this year, and people are starting to take notice. At the beginning of 2017, the cryptocurrency bitcoin was valued at just under $1,000 and soared up to over $3,000 in May. This gives way to countries opting to integrate cryptocurrencies for their own use.

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PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. ius noted, this is often because the heart of the cryptocurrency industry is often at odds with the nuances of regulation.

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Bank Innovation

APRIL 27, 2017

Ripple is taking strides to expand its network–and its technology offerings–in 2017. According to Asheesh Birla, vice president of product for the enterprise blockchain solutions provider, this year “is all about expansion” to new clients, countries, and markets.

Innovation 330

Innovation blockchain Technology Marketing 330

PYMNTS

OCTOBER 26, 2017

It’s been a big year for cryptocurrency. Goldman Sachs joined in the conversation earlier this month, saying that bitcoin and cryptocurrencies like it are “ not the new gold ” and lose out to the precious metal in a “majority of the key characteristics of money.”. “The blockchain is a technology [that] is a good technology.

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PYMNTS

AUGUST 9, 2017

Cryptocurrencies just made a huge leap from use in the financial arena to mainstream. Through this pairing, any one of Overstock’s customers will now have the option of making a purchase by using any one of the cryptocurrencies available, including Ethereum, Litecoin, Dash and Bitcoin Cash. Overstock CEO Patrick M.

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PYMNTS

SEPTEMBER 9, 2019

It’s also the start of another football gambling season — one that involves mobile commerce and digital payments, and companies trying to innovate their way to success in this growing field of transactions. And those payments, at least in general, are following larger consumer trends when it comes to methods and technology.

Innovation 137

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Gonzobanker

MARCH 9, 2022

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. As new cloud-native, API-driven solutions come to market, the term “core” seems to live in the eye of the beholder. Response From The Other Two Big 3 Players.

Financial Technology 149

Financial Technology Technology Fintech Community 149

PYMNTS

DECEMBER 30, 2020

At a time when 90 percent of Americans have never owned bitcoin and nearly 70 percent say they have no plans to do so in the future, the thought of widespread adoption and usage of cryptocurrency seems to be a distant prospect for most people. Janet Yellen supports blockchain as a technology. to take center stage. Bitcoin is awesome.

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PYMNTS

AUGUST 23, 2019

The bond, which is due August 2020, is the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger (blockchain) technology. It’s managed by the Commonwealth Bank of Australia ( CBA ), RBC Capital Markets ( RBC ) and TD Securities ( TD ).

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PYMNTS

FEBRUARY 28, 2020

Committee Chairwoman Nydia Velázquez said, according to the report, “it is vital that Congress keep pace with the evolving needs of our country’s innovative small businesses.” The “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses” hearing will be held on March 4 at 11:30 a.m.

blockchain 249

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PYMNTS

MARCH 15, 2020

Rapper Akon is launching the cryptocurrency, Akoin, that he says will financially power “Akon City” in West Africa. His whitepaper indicates that Akoins will work as “atomic swaps” between cryptocurrencies, fiat currencies, and mobile phone credits on the Akoin network. That sandbox concept is for the cryptocurrencies,” Place said.

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Bank Innovation

JANUARY 24, 2019

INV Fintech, the technology accelerator run in partnership with Fiserv, has opened its Demo Day event to financial institution executives attending Bank Innovation Ignite. Previously, only INV Fintech members were permitted to attend Demo Day on March 11 in Seattle.

Innovation 150

Innovation Seattle Fintech US 150

PYMNTS

NOVEMBER 25, 2019

Singapore-based BCB Blockchain announced that it has launched a $300,000 fund to support incubators and startup accelerators in the Philippines under the Department of Science and Technology (DOST). In other news, OKEx , the world’s largest futures cryptocurrency exchange, announced four major partners for OKB, its global utility token.

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PYMNTS

OCTOBER 10, 2019

“This role leads the product management team for the Ripple Project, a decentralized ledger technology-based solution to cross-border payments marketed to [global transaction services (GTS)] clients,” the job listing read. It also recently joined R3’s Marco Polo blockchain trade platform last month. .

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Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. You might also like this whitepaper, "Understanding cryptocurrency." Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. DOWNLOAD WHITEPAPER.

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CB Insights

OCTOBER 29, 2020

Capital markets infrastructure powers the trade of stocks, bonds, and other securities, handling $3000T+ in transactions each year. This massive market, which includes a broad range of financial “plumbing” services, could be poised for a blockchain shake-up. Submit your application here before November 25. Please click to enlarge.

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PYMNTS

JANUARY 29, 2018

Bitcoin grabs the headlines, but as investors rush to jump on the cryptocurrency bandwagon, there are other market forces at play ready to make an impact in cross-border payments – today. Virtual cards are another technology that have had an even more recent impact on global SMB payments, the executive noted.

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NCR

APRIL 10, 2018

The Reserve Bank of India (RBI) has announced new measures prohibiting the country’s regulated financial institutions from dealing in cryptocurrencies, also known as virtual currencies (VCs). RBI stressed it had “repeatedly cautioned” users, holders and traders of cryptocurrencies about these issues.

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Abrigo

MARCH 7, 2022

Cryptocurrency In general, traditional financial institutions have a low risk tolerance for banking cryptocurrency. Few banks and credit unions are settling cryptocurrency accounts, posing a higher risk for illicit activity. Once the risk is assessed, create procedures around the residual risk.

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PYMNTS

OCTOBER 21, 2019

However, most people assumed that was survivable, and that the new millennia — powered by the emerging, mysterious technology known as “the internet” — was going to be a great place to live. We have the end-to-end guide — and the lessons learned during the ride by the innovators who had a first-row vantage points.

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PYMNTS

JANUARY 19, 2020

Senator Nathan Dahm (R-OK) is sponsoring a bill that would establish a new state-chartered financial institution (FI) centered around blockchain technology, Cointelegraph reported on Saturday (Jan. In addition, t he bill would promote the growth of innovation, and thwart regulatory hindrance, while safeguarding people.

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CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. First name. Company Name. Phone number.

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PYMNTS

SEPTEMBER 17, 2020

Two individuals from Russia who were recently sanctioned by the Treasury Department purportedly put into place copycat websites for cryptocurrency exchanges that that tricked people into providing login information, CoinDesk reported. But they have grown in popularity in markets that are not stable.

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PYMNTS

JANUARY 9, 2018

In an interview with TheStreet.com, PayPal chief executive officer Dan Schulman said that while PayPal is focused on innovating in the payment market, it’s not focused specifically on the digital currency. “I PayPal has a lot of room to innovate with blockchain technology. “I

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PYMNTS

JUNE 24, 2019

The think pieces have come in waves, as have the reactions from analysts, cryptocurrency enthusiasts and regulators — and the world waits to see exactly what Facebook and its cadre of payments and commerce players design. The news about Libra has been out for about a week. There will be perceptual hurdles to clear, and regulators to convince.

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PYMNTS

DECEMBER 5, 2018

Cryptocurrency exchange ErisX announced that it has raised $27.5 The funding will be used to hire staff, “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” said ErisX Chief Executive Officer Thomas Chippas, according to Reuters.

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