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Cryptocurrency risks, rewards and red flags for financial institutions

Abrigo

Cryptocurrency regulation is on the horizon The ups and downs of the cryptocurrency scene have illuminated a need for guidance for traditional financial institutions. You might also like this whitepaper, "Understanding Cryptocurrency." Historical benefits of cryptocurrency. Cryptocurrency's appeal to consumers.

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LATAM’s Payments Innovation Renaissance

PYMNTS

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. Opportunity, he noted, abounds. Opportunity, he noted, abounds. Meeting A Dynamic Market .

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MoneyGram Teams With LuLu Money To Power Asia-Pacific Transactions

PYMNTS

Adeeb Ahamed, managing director of LuLu Financial Group , which is headquartered in Abu Dhabi, said the collaboration with MoneyGram “will revolutionize” how remittances are handled in the Asia-Pacific region, “changing the way people approach digital transactions.”. ” Launched in 2009, Lulu Money has five million users processing 1.1

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How Singapore Is Fueling A ‘Smart Nation’

PYMNTS

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Between 2011 and 2015, the government allocated $16 billion to help accelerate Singapore’s research, innovation and enterprise landscape. With an estimated population of just 5.47

National 133
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Financial Stability Board Calls For Current Crypto Education

PYMNTS

Financial Stability Board (FSB) Chair Randal Quarles has warned global financial regulators that they must accelerate the creation of a framework for cryptocurrency and other forms of digital money, Reuters reported on Wednesday (Feb. He sent the letter ahead of the 2020 IIF G20 Conference happening in Riyadh, Saudi Arabia this weekend, Feb.

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China Proposes East-Asian Digital Currency, Taking Aim At The US Dollar

PYMNTS

A growing number of nations are looking to develop digital versions of their currencies, and now there might be regional initiatives taking shape to target the U.S. Though involving vast numbers of accounts, it would not be a particularly innovative option from a technological viewpoint,” he said.

US 223
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Will The Pandemic Finally Get Central Banks Interested In Building Digital Currencies?

PYMNTS

A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation. A central entity may be associated with a government of such a region.”. Though involving vast numbers of accounts, it would not be a particularly innovative option from a technological viewpoint.