PYMNTS

APRIL 14, 2019

The International Monetary Fund ( IMF ) and the World Bank are partnering up to launch a private blockchain and “quasi-cryptocurrency.”. Since the coin has no monetary value, it’s not an actual cryptocurrency, according to The Financial Times.

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PYMNTS

MAY 8, 2020

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. Ahn added that over the summer months, Samsung Pay will introduce a tool to help people better manage their financial lives. NFC works with digital wallets and powers contactless payments.

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PYMNTS

OCTOBER 10, 2019

Bank of America (BoA) may have hired a treasury product manager to work with Ripple. 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. “The

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PYMNTS

JANUARY 9, 2018

Following in the footsteps of companies seeking to get in on the cryptocurrency craze, Eastman Kodak Co. The cryptocurrency, which the company is calling Kodakcoin, will be “a photocentric cryptocurrency to empower photographers and agencies to take greater control in image rights management.”. 9) — up $1.39

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PYMNTS

JANUARY 31, 2021

India is looking into a new bill that could ban private cryptocurrencies in favor of a national digital coin, a report says. The bill, titled the “Cryptocurrency and Regulation of Official Digital Currency Bill,” could create a framework in which the official digital currency is rolled out and issued by the Reserve Bank of India.

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BankBazaar

NOVEMBER 18, 2022

Over the past few years, the sharp rise of cryptocurrencies has attracted investors from all over the world who want to diversify their portfolios and earn high returns. However, the impact of higher interest rates in the past year has impacted the cryptocurrency market, leading to a significant sell-off. What is Digital Rupee? .

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Banking Exchange

APRIL 21, 2021

Since its inception, cryptocurrency has had a dubious reputation Technology Retail Banking Financial Trends Tech Management Blockchain Bitcoin Cryptocurrency Feature Feature3.

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PYMNTS

AUGUST 6, 2020

The IT firm Coke One North America Services (CONA), owned by the major Coca-Cola bottling companies, will try out the Baseline Protocol, a public Ethereum blockchain technology targeted at large enterprises. Ethereum ’s website says that it is “a technology that lets you send cryptocurrency to anyone for a small fee.

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PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Cloud-based KYC activities were among the new technologies most used by U.S. Smaller companies were less likely to report investing in and using AML technologies.

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PYMNTS

NOVEMBER 2, 2017

Singapore residents will soon be able to make purchases with a prepaid Visa card backed by the cryptocurrency platform Monaco. This is an important step towards Monaco’s vision to introduce cryptocurrency to the mass market,” said Kris Marszalek, co-founder and CEO of Monaco, in a press release.

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PYMNTS

DECEMBER 26, 2019

Chinese technology company Tencent has announced it’s going to start researching cryptocurrency and its implications for an ongoing project in blockchain, according to reports. China has been increasingly interested in the blockchain network and its public utility, especially in the fields of energy management and telecommunications.

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ABA Community Banking

JANUARY 18, 2022

As more customers engage with cryptocurrency, they are increasingly looking to banks to help them safely hold these assets. The post Why ABA Invested in NYDIG: Supporting Banks as They Help Customers Access Cryptocurrency appeared first on ABA Banking Journal. Banks are responding to this new customer demand.

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Bank Innovation

NOVEMBER 22, 2017

The banking infrastructure provider will be moving gpi forward through new partnerships and new projects, most notably API capabilities, Stephen Grainger, managing director, head of North America for SWIFT, […].

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PYMNTS

MARCH 1, 2018

With the rise of digital coins, JPMorgan Chase has labeled cryptocurrencies as a threat to its business in its annual 10-K filing. JPMorgan Chase listed cryptocurrency’s impact on payment processing in its “risk factors” section. The bank’s comments mirror those by Bank of America (BoA) and Goldman Sachs , Coindesk reported.

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DECEMBER 14, 2018

Formosa Financial , a treasury management system for organizations to manage their crypto assets, is collaborating with CoolBitX , a blockchain security company, a press release said on Thursday (Dec. The companies have broader plans for their collaboration beyond the storage and management of crypto assets, however.

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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.

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PYMNTS

MARCH 31, 2020

CEO Moiz Kohari said per the report, “We could have retrofitted Hyperledger or any other blockchain project to do the management of consumers’ personally identifiable information, but it would have just added so much unnecessary burden on the platform that we felt that wasn’t necessary.”.

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PYMNTS

OCTOBER 31, 2017

The country’s state bank ruled that all cryptocurrency, not just Bitcoin, was an invalid form of payment. The financial authority released a statement last week declaring cryptocurrency an illegal, non-cash payment method. According to a statement from Martowardojo, users of cryptocurrency “would be dealt with.”

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PYMNTS

DECEMBER 19, 2017

Cryptocurrency holding company Integrated Ventures wants to disrupt the lending industry with blockchain. 18) of the launch of CryptoFunder, a blockchain platform that provides lenders with a way to store and manage lending information. The company announced news on Monday (Dec.

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PYMNTS

JULY 21, 2020

Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today. Or at least they didn’t until now. Crypto’s Path To Spendability.

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FICO

DECEMBER 17, 2020

Cryptocurrency exchange rates have skyrocketed in the past month. As digital currencies grow, criminals are taking advantage of the emerging technology. According to a recent report , the total of cryptocurrency related frauds and thefts stands at a staggering $7.69b. This includes $2.8 This includes $2.8

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Perficient

MARCH 27, 2023

” While the recent bank failures of Silicon Valley Bank and Signature Bank have many US congressmen and citizens wondering about the future of cryptocurrencies, across the pond, the Bank of England is soliciting input into the possibilities of issuing a digital pound. Timing of Digital Pound No need to throw away your pound notes yet.

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Bank Innovation

DECEMBER 18, 2017

Citi is now using distributed ledger technology to manage collateral and send cash and securities in a single click, Citi announced last week.

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Banking Exchange

JANUARY 11, 2023

Pivot away from digital assets has been in the works since 2017, says Metropolitan Commercial’s CEO Risk Management Blockchain Bitcoin Cryptocurrency Feature Duties Feature3 Technology Digital.

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Abrigo

MARCH 7, 2022

Takeaway 2 Planning ahead and informing management of expected changes will help financial institutions adapt to anticipated rules and guidance. However, the panel suggested thinking and planning around AMLA requirements and informing executive management of expected changes. 2022 Regulatory Focus.

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Banking Exchange

JUNE 19, 2019

With the introduction of Facebook’s Libra cryptocurrency, Bitcoin has just officially been given an expiration date The Economy Technology Payments Tech Management Mobile Online Cards Blockchain Fintech Feature Financial Trends Feature3.

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Banking Exchange

NOVEMBER 16, 2022

FTX filed for bankruptcy last week, but the OCC says US banks were largely unaffected Risk Management Technology Feature Feature3 Cryptocurrency Blockchain Bitcoin.

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Gonzobanker

MARCH 9, 2022

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. Through all the fun of bank techies getting rich and new players throttling old models, bank technology is still a gritty mess of hard work.

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PYMNTS

MAY 22, 2020

With new microchip tech by Cardano , cryptocurrency users would be able to access payment services without an internet connection. Cardano’s idea could create a fiat-like experience for users, and it could open up possibilities like authenticating and managing luxury goods, like the ability to identify a Louis Vuitton bag, for instance.

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Abrigo

MARCH 11, 2022

Takeaway 2 Planning now and informing executive management of expected changes will enable NBFIs to move forward with anticipated rules and guidance. Cryptocurrency In general, NBFIs have a higher risk tolerance for cryptocurrency than traditional financial institutions.

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PYMNTS

JANUARY 28, 2021

With more emerging use cases and an increasingly accepting regulatory landscape, cryptocurrencies are gaining traction in new areas of the market, and corporate treasurers want in. Initially, businesses began to dabble in crypto with an experimental approach to the technology. But it may not be smooth sailing ahead.

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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

NOVEMBER 27, 2018

Atiku Abubakar, a 2019 presidential candidate in Nigeria, said he will support cryptocurrency and blockchain if he becomes the country’s next leader, according to the Daily Post. Abubakar, who is a former vice president, plans to use cryptocurrency to help speed up the economy in the country. “In

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PYMNTS

DECEMBER 28, 2020

Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order books, CoinDesk reported. 22, also charging VQR Partners, Virgil Technologies, Montgomery Technologies and Virgil Quantitative Research.

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PYMNTS

DECEMBER 1, 2019

The Bank of Russia has voiced its support for a ban on cryptocurrency payments, saying that “private cryptocurrencies cannot be equated with fiat money and cannot be legal tender.”. “If And IBM has won a blockchain patent that would stop drones from stealing packages from consumers.

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PYMNTS

DECEMBER 20, 2018

Adoption of cryptocurrency by large fund managers is being hurt by the difficulty cryptocurrency exchanges and traders located in Asia are having trying to get insurance to protect against hacks and theft. However, getting such coverage is almost impossible despite their best efforts.”.

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PYMNTS

JULY 22, 2020

The Monetary Authority of Singapore (MAS) has proposed new regulations on cryptocurrency that will include those engaging in overseas activity, in an expansion on rules for the sector, according to a press release. The two organizations said an international consensus could help speed up transactions across borders.

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