Bank Innovation

NOVEMBER 15, 2017

EXCLUSIVE- Bank Innovation has released the agenda for its seventh annual fintech conference, and it is completely overhauled to enhance the event experience for attendees.

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PYMNTS

JANUARY 1, 2021

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The outcome, should it come in 2021, would shape how app store and other platforms operate, and whether they promote or hinder competition and innovation in various tech marketplaces.

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Bank Innovation

SEPTEMBER 27, 2017

What is the state of banking innovation today? Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation? Each year, we poll the industry to find out.

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JANUARY 29, 2020

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. 29), and reported that total costs and expenses hit some $46.71 Challenges to Come. 31, stood at 2.5

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Bank Innovation

JUNE 8, 2018

What is the state of banking innovation today? This year, the pressure for banks to innovate is high, as banks no longer […]. Each year, we poll the industry to find out.

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PYMNTS

SEPTEMBER 11, 2019

The Libra Association is petitioning the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned Libra cryptocurrency, Reuters reported on Wednesday (Sept. The social media giant wants to move forward and launch Libra in June despite global questioning and hesitation.

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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.

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PYMNTS

JUNE 13, 2019

Technologies such as artificial intelligence (AI) and biometrics are changing the digital security landscape, and a recent study found that social media networks have become a more popular way for hackers to target new victims. 22 billion: Projected over-the-top (OTT) media revenue for 2019. All this, Today In Data.

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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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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. The startups are:[link] Avocado Payments, Budgit Inc., Community Capital Technologies, Denizen Financial, Diro Inc., Exagens Corp., Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI

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PYMNTS

FEBRUARY 14, 2020

12) that the federal government would be rolling out new regulations regarding cryptocurrency at the Financial Crimes Enforcement Network (FCEN). He said that there had to be a balancing act — the tech should be allowed to move forward and innovate. Secretary of the Treasury Steven Mnuchin said Wednesday (Feb. In the U.S.,

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Bussman Advisory

SEPTEMBER 24, 2021

The latest edition of the FinTech Ecosystem Newsletter is here : The post JPMorgan to replace US core banking system with Thought Machine | China bans all cryptocurrencies | Fantasy soccer NFT platform Sorare scores $680m appeared first on Bussmann Advisory AG.

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PYMNTS

JULY 1, 2019

With the idea of pegging Libra’s value to a basket of international currencies, Facebook ’s proposed cryptocurrency would bring tax challenges to European users, per tax lawyers. Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”.

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PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

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Bussman Advisory

DECEMBER 4, 2021

The post Dorsey resigns from Twitter | Facebook’s executive in charge of cryptocurrency is leaving the company | Investors see looming NFT bubble appeared first on Bussmann Advisory AG. We offer advisory services for the executive team and in-person or virtual courses with tailored topics.

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PYMNTS

FEBRUARY 27, 2020

A digital coin could also minimize financial innovation in the private sector and pull money from commercial banks, in terms of deposits, especially if they pull off a low-cost digital currency. One of the reasons that CBDCs are such a talked-about topic is Facebook’s push for its own cryptocurrency, Libra.

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Bussman Advisory

FEBRUARY 2, 2022

The post Facebook’s cryptocurrency venture to wind down after asset sale to Silvergate | Zuckerberg’s ‘metaverse’ business lost more than $10 billion | IOC launches Beijing Olympics-themed mobile game with NFTs appeared first on Bussmann Advisory AG. Contact us at info@bussmannadvisory.com for more details.

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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.

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PYMNTS

MARCH 7, 2018

Ripple — the blockchain company whose technology powers the cryptocurrency XRP — has created a new payment app in which transactions are settled instantly. While many regulators around the world are banning cryptocurrency trading, Japan has embraced it.

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PYMNTS

FEBRUARY 25, 2020

One way that banks or ambitious social media platforms will win this combat for customers is through the use of mobile credit and debit cards, with a highly configurable nature and full range of card and spend management controls to please the most vacillating of customers.

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JUNE 20, 2019

Federal Reserve Chairman Jerome Powell revealed that Facebook has spoken to the central bank about its upcoming cryptocurrency, called Libra. There’s just a tremendous amount of innovation going on out there,” he said. But Powell believes the social media giant will overcome any issues before Libra is launched.

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Bobsguide

AUGUST 25, 2022

Australian creative technologies business Two Bulls and Thailand’s Translucia Global Innovation are developing a Metaverse R&D Center in Australia. It is a social platform that combines aspects from online gaming, virtual reality, augmented reality, social media and cryptocurrencies.

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PYMNTS

SEPTEMBER 24, 2019

Bank of Japan Head Haruhiko Kuroda spoke to business leaders in Osaka about the importance of having a coordinated global plan to regulate Libra and other cryptocurrencies, Reuters reported on Tuesday (Sept. Japanese authorities formed a task force in July to study the impact of Facebook’s proposed cryptocurrency.

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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. Never use @BitPay, folks.

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PYMNTS

JULY 14, 2019

Japanese authorities have formed a task force to study the impact of Facebook’s proposed cryptocurrency , Libra, according to reports. The G7 taskforce in France was created to address the issue of cryptocurrencies as well. The group is meeting ahead of the upcoming conference of the G7 finance ministers in France July 17-18.

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PYMNTS

APRIL 2, 2018

Cryptocurrencies continued to dip on the heels of various regulatory actions focused on trading activities and exchanges. Although the firms had advertised across social media, none of them had registered to offer or sell securities. International Innovation, With a UK Focus. Same alarms, different week.

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Bank Innovation

APRIL 6, 2018

Many expressed their anger at the Reserve Bank of India on social media platform under the hashtag #RBICantStopMe. India’s central bank’s decision to ban all banks and entities that come under its authority did not go well with the country’s crypto traders/investors.

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PYMNTS

AUGUST 13, 2019

The August Faster Payments Tracker details this new development, as well as other major developments hitting the world stage, from SWIFT’s instant cros s-border payments trial to Facebook’s cryptocurrency foray. Around the Faster Payments World.

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PYMNTS

JUNE 20, 2019

Bank of England (BOE) Governor Mark Carney said Facebook’s newly-announced cryptocurrency, Libra, can’t be the same unregulated type of service that Facebook is, according to a report by Reuters. Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”.

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Bank Innovation

APRIL 27, 2018

From those that focus on payments or mobile, to the ones leveraging social media, blockchain, and artificial intelligence, there’s a global hoard of startups that want to muscle into the banks’ territory […].

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PYMNTS

SEPTEMBER 12, 2018

In tech, innovation is everything. In innovation, intellectual property is, well, almost everything — it can be the hardware, the software, the processes that come from creative endeavor. As has been well-documented in this space, the damper on activity tied to cryptos has extended to social media. And patents?

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PYMNTS

JULY 15, 2019

The official, Philip Hammond, also noted that the government of Britain will “engage” with the cryptocurrency and will not try to halt it, CNBC reported. He continued, “Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”.

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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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Bank Innovation

SEPTEMBER 27, 2017

fintech firm, Bittrex, and South Korean app developer, Dunamu, an affiliate of the country’s largest messaging platform, Kakao, have teamed up to launch a new, massive cryptocurrency exchange platform in South Korea.

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PYMNTS

MAY 23, 2019

Dutch bank Rabobank announced it will not proceed with its plans for a cryptocurrency wallet called Rabobit. After careful consideration with our customers in mind, we recently decided that now is not the time to develop the idea further and bring it to the next phase of innovation,” a Rabobank spokesperson told The Next Web.

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Bank Innovation

APRIL 12, 2018

The price of bitcoin surged above $8,000 today for the first time in several weeks, a rise of more than 13% over the past 24 hours, prompting excitement in the cryptocurrency community. The combined market capitalization of all cryptocurrencies rose 16% over the same period.

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PYMNTS

JULY 27, 2018

Reuters , citing a 92-page analysis by the SEC of the bitcoin ETF — which was created by Cameron and Tyler Winklevoss, the twin brothers who started Gemini Trust , a cryptocurrency exchange — reported the SEC wasn’t convinced the ETF couldn’t be manipulated.

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