Remove cryptocurrency Remove Lending Remove National Remove Regional
article thumbnail

Retail Crisis In U.S., U.K. A Fizzle For 2020?

PYMNTS

National Returns Day : The dawn of the new year heralds a spike in returns of unwanted gifts. But online lending companies are seeing a surge in digital loans — up 19 percent year over year in 2019. These retailers — the surviving ones, of course — are in for an even rockier road if an economic downturn materializes.

Retail 131
article thumbnail

GDPR Challenges Indian Firms While FinTechs Eye Charters With Caution

PYMNTS

Despite direct exposure to the region, they remain unaware of the GDPR requirements. That caution comes even while the door is being opened for some lenders such as OnDeck Capital to operate nationally rather than contending with a patchwork of state regulations and operating in each market, in effect, locally.

Fintech 101
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds

PYMNTS

The importance of procuring those licenses – to offer web-based services in a manner that dovetails with and mirrors the products and functions that might be on offer from traditional FIs – was underscored by the news that the group behind the Facebook Libra cryptocurrency has applied for a payments license in Switzerland.

article thumbnail

Corporate Money Managers Lose Their Grip

PYMNTS

Most, the bureau noted, involved requests for wire transfers into bank accounts in Hong Kong and China, though 79 nations were identified within these requests, reports said. businesses last year due to cybercrime , a figure that marks a 22 percent increase in cybercrime in the nation, reports from Get Safe Online and Action Fraud said.

article thumbnail

Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. The regions involved in the initial pilot included Colombia, Chile, Hong Kong, Kenya, Indonesia, Malaysia, the Philippines, Peru, Taiwan, and Thailand. Amazon Lending. Amazon’s Next Financial Pillar. adults and 6.4M

Cards 101
article thumbnail

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.

article thumbnail

Are central banks a relic of the Industrial Revolution?

Tomorrow's Transactions

National currency and central banks were of their time. The report notes digital that digital currency does not mean cryptocurrency or require the distributed ledger, there a plenty of existing technologies that could do the job. In the current year seigniorage will be in the region of only 500 million or so.