PYMNTS

FEBRUARY 20, 2020

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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PYMNTS

FEBRUARY 13, 2019

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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PYMNTS

MAY 21, 2020

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.

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PYMNTS

APRIL 23, 2019

Japanese billionaire and SoftBank Founder Masayoshi Son didn’t do well in his personal cryptocurrency investing, reportedly losing more than $130 million. There is so much innovation and disruption taking place in the region and I believe the business opportunities have never been stronger,” said Claure in a statement at the time.

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PYMNTS

SEPTEMBER 11, 2019

Cryptocurrencies tend to be exceptionally vulnerable to this form of attack, as coins are often heavily concentrated in the hands of a comparatively small number of individuals, whose market activities can dramatically impact the coin price,” noted the An.Chain researchers, according to Coin Telegraph.

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PYMNTS

MARCH 6, 2018

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. In addition, the EU would work toward creating common standards for the blockchain technology that supports cryptocurrencies. “An since the region represents the main FinTech market in Europe.

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PYMNTS

AUGUST 4, 2019

Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, which aims to identify crypto transactions associated with money laundering. billion won ($25 million) into the region by 2021, with development spread between the Munhyeon Innovation District, the Centum Innovation District and the Dongsam Innovation District.

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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. Amazon To Build $40M Robotics Innovation Hub Near Boston. Deutsche Bank told U.K. Money Laundering Epidemic.

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PYMNTS

SEPTEMBER 18, 2019

a platform that will help develop a center of AutoMobility innovation via partnerships for new technologies and/or business models. In other news, Opolis has revealed that it received a grant from MakerDAO that will be used to integrate its Dai cryptocurrency into its decentralized employer ecosystem for payroll and benefits.

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PYMNTS

DECEMBER 12, 2018

They tie in to public key storage offerings, and the tech giant has said that the offerings apply to smartphones and software The site maintained that the trademarks may be tied to offering storage for cryptocurrencies.

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Independent Banker

NOVEMBER 25, 2015

Even with technology’s increasing influence on retail banking, it’s not typical for a community bank to have one of its most senior and trusted executives concentrate primarily on leading consumer product and payments innovation. The role of Alex Jimenez, senior vice president and director of digital and payments innovation at the $7.2

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PYMNTS

JUNE 17, 2020

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.

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PYMNTS

JUNE 17, 2020

Kazakhstan authorities are expecting to attract 300 million tenge, or $738 billion, in cryptocurrency and investments in digital mining, according to Askar Zhumagaliyev, the country’s Minister of Digital Development, Innovation and Aerospace Industry. He could face up to 10 years in prison.

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PYMNTS

JANUARY 23, 2019

Demand remains an Achilles heel for all cryptocurrencies because most people have soured on this investment class, and have no interest in putting in new money. It is now set to launch that service throughout the region. Every bounce continues to be a selling opportunity.”

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PYMNTS

MARCH 19, 2019

“As a financial institution, we’re in a unique position to innovate when it comes to enabling instant settlement for payments,” Stronghold CEO and co-founder Tammy Camp said in a press release. Integrating our technology with IBM Blockchain World Wire represents a paradigm shift for payment processors.”.

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PYMNTS

AUGUST 20, 2018

Fifty percent of financial executives believe cryptocurrency will become somewhat common for business transactions in the next five years, according to a survey by Robert Half Finance & Accounting. China ranked third, while Japan came in at the bottom of the list with only 30 percent of SMBs adopting digital channels.

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PYMNTS

JULY 4, 2018

The news comes as the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region as the EU prepares for the U.K.’s In addition, the EU would work toward creating common standards for the blockchain technology that supports cryptocurrencies. s exit from the bloc next year.

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PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months.

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PYMNTS

OCTOBER 23, 2020

Volante CEO and Founder Vijay Oddiraju told Karen Webster during the latest This Week In Payments conversation that while the pandemic has been bad news, it has also opened up the door to innovation. . Digital innovations of every shape and size now all need to have been put into place yesterday. In the U.S. Crypto’s Big Future .

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PYMNTS

JULY 17, 2019

Simply put, some regions and countries are not ready for such comprehensive collection, storage or use of personal data. Facebook may be the marquee name of the moment, with the recent news that it intends to help bring a new cryptocurrency to market (that would be Libra, of course), but has seen regulators voice concerns from the U.S.,

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PYMNTS

JUNE 28, 2019

Facebook’s Libra cryptocurrency plans continued to dominate the week’s news, but Visa and Bank of America both made big news, and new PYMNTS research dug deep into the problems of HBO and Netflix subscriber churn and PSD2 challenges. Payments Execs Weigh In On Innovation For the Roaring 2020s.

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PYMNTS

NOVEMBER 8, 2020

According to the release, Ripple chose DIFC for its “innovative regulations, expansive network and reputation as a leading global financial centre,” according to the release, with the two companies “aligned” in their visions for the future.

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PYMNTS

FEBRUARY 28, 2018

Why should organizations say “yes” to purchase order matching and “no” to cryptocurrencies? More sellers and products can mean less visibility into what is being listed, thus leading to issues like counterfeit products — or the sale of controlled substances such as health supplements that may not be approved in certain regions.

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PYMNTS

MAY 5, 2019

The New York State Attorney General ( NYAG ) Letitia James wants to see documents regarding an alleged deal made between cryptocurrency exchange Bitfinex and stablecoin operator Tether that “misled their clients and investors.”. The design phase is underway, with testing to begin in Q2/Q3 2019.

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Gonzobanker

MARCH 9, 2022

While both firms have strong underlying technology and development shops, neither Finxact nor Technisys has the functional requirements to service all consumer and commercial account types for most regional and community banks. And it doesn’t appear that either will have those capabilities anytime soon.

Financial Technology 149

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PYMNTS

JULY 1, 2016

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

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PYMNTS

NOVEMBER 18, 2016

billion in EU funds aimed at promoting an innovative economy after joining the EU in 2014. Warsaw itself has quickly become the country’s entrepreneurial hotspot, attracting younger people from surrounding regions to a growing number of creative and productive hubs, accelerators and workshops. Poland brought in €7.2

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PYMNTS

JANUARY 26, 2019

“The drop in bitcoin prices from around $6,500 throughout much of October to below $4,000 now has increasingly pushed margins further and further negative for just about every region except low-cost Chinese miners,” analysts wrote.

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Alex Jimenez

NOVEMBER 4, 2023

Wealth Management: While Money20/20 has historically been a payments-focused conference, there was quite a bit of discussion on innovations in wealth management, with an emphasis on generational wealth transfer and the overall impact of technology. Two years ago, the buzz was all about cryptocurrency and blockchain/DLT.

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PYMNTS

JANUARY 19, 2018

The idea we are promoting with Razorpay is that there will be one comprehensive and innovative product that will manage the entire money movement for India’s huge underserved business community,” the company’s CEO and Co-Founder Harshil Mathur said in a statement. Blockchain. Data Nerds. vc and Techstars Ventures.

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NCR

AUGUST 18, 2017

It started out as the rails for cryptocurrencies like Bitcoin, but has evolved as a technology that can transform many legacy business paradigms in the banking sector. Blockchain is really a platform for disruptive innovation, its potential extending far beyond reshaping financial services.

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CB Insights

AUGUST 26, 2021

SoftBank has also backed a number of food delivery apps across regions in 2021, including India-based Swiggy , Colombia-based Rappi , China-based Dingdong Maicai (which went public in June), Norway-based Oda , and UAE-based Kitopi , a ghost kitchen that prepares and delivers food on behalf of restaurants. Blockchain & crypto fin services.

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PYMNTS

JANUARY 23, 2018

In the path of FinTech innovation, many expect the inevitable demise of the paper check. In no other region or part of the world does the paper check flourish in the volumes it still does today, and that is true for the U.S. But the data doesn’t lie: Paper checks are alive and well, despite efforts to kill it.

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PYMNTS

APRIL 6, 2018

Bicycles in their modern form became common in the early 20th century, making them a brilliant innovation that had the misfortune of showing up on the scene shortly before a slightly better one rolled out: the automobile. And what will happen when all the regional ridesharing champions start to clash as they grow globally?

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FICO

DECEMBER 23, 2020

It has also opened new doors for criminals, who have rushed to exploit the uncertainty in a pandemic world and devised new money laundering and terrorist financing schemes by taking advantage of loopholes in the regulations, new ways of working aided by advances in technology, and electronic payment innovations.

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Compliance Regulation Data Risk Management 52

PYMNTS

FEBRUARY 9, 2018

Coordination fosters a level playing field for innovation – who’da thunk it? Rural banking: Branches are evaporating in regions where consumers are least likely to replace them with digital banking. It’s a start, with a nod to process. If one state gives the thumbs-up for certain services to be provided, the others will as well.

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PYMNTS

SEPTEMBER 3, 2018

Almost 33 years ago, David Letterman introduced his singular innovation in stand-up comedy: the Top 10 List. Cryptocurrencies suffered through a rough day in mid-June, when prices plummeted fast during a few hours and wiped out a total of $15 billion in value. Crytpo’s Big Flash Crash. percent on the day. million users, up from 9.2

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