PYMNTS

FEBRUARY 21, 2018

A former cryptocurrency exchange and its founder are facing charges from the Securities and Exchange Commission (SEC), the agency announced in a press release on Wednesday (Feb. Montroll operated an unregistered online securities exchange and defrauded its users by misappropriating their bitcoins.

Fraud 102

Fraud Bitcoin New York Regional 102

PYMNTS

JUNE 17, 2020

The military’s need for tracking its multi-part, expensive operations has only increased with the introduction of 3D printing, according to Coindesk. Robert Farkas, the 33-year-old co-founder of crypto project Centra Tech , has pleaded guilty in court to conspiring to commit securities and wire fraud, Coindesk reported.

blockchain 132

blockchain Fraud Indiana Bitcoin 132

PYMNTS

FEBRUARY 14, 2018

While investors are worried that the price of bitcoin might be artificially held high, a head of a cryptocurrency firm is not concerned, CNBC reported. Until the market matures, cryptocurrency price manipulation is “unavoidable,” according to NEM President Lon Wong. “You see it in mainstream markets as well.

Bitcoin 100

Bitcoin Rhode Island cryptocurrency New Hampshire 100

PYMNTS

JUNE 27, 2016

A startup in Singapore offering bitcoin exchange and cryptocurrency services just secured another major round of funding. According to reports, Quoine is the largest bitcoin exchange that operates in a major bitcoin market, Japan, as it has $50 million bitcoins transacted over its exchange per day.

Bitcoin 110

Bitcoin cryptocurrency Taxes Regional 110

PYMNTS

OCTOBER 2, 2017

The Securities and Exchange Commission announced late last week that it charged an individual and two companies with defrauding investors via two initial coin offerings that were supposed to be backed by real estate and diamond investments. Calamari, director of the SEC’s New York regional office, said in the press release.

Security 101

Security New York Fraud cryptocurrency 101

PYMNTS

MARCH 6, 2019

Blockchain is increasingly garnering headlines and attention for its use cases beyond cryptocurrencies. For instance, the ability to transfer data and various assets can help firms keep track of, and improve, operations. Yet, corporate finance especially is “operating, more or less, the same [way] it has for 20 years prior.

blockchain 189

blockchain Management Data User Experience 189

PYMNTS

MARCH 20, 2019

And in one example, Nash — a financial services platform registered in Liechtenstein — looks to provide a funds management service tied to digital wallets that will help users create and operate accounts across several blockchains while retaining custody of their assets. It means keeping your assets yourself, not with someone else.

blockchain 145

blockchain Security Mobile Capital 145

PYMNTS

MARCH 11, 2020

This year also kicked off the implementation of the Fifth Anti-Money Laundering Directive (5AMLD), which included among its provisions requirements that cryptocurrency companies be more vigilant in preventing financial crimes from being committed over their platforms. They also must keep their honest merchant customers protected from fraud.

Fraud 150

Fraud Payments Guidelines Regulation 150

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

AUGUST 15, 2018

And, as the site further noted, the World Bank and the CBA are using blockchain without cryptocurrencies, reporting that “it’s fair to say that mainstream financial institutions have gone as far as divorcing cryptocurrency from blockchain, with the former seen as an unnecessary byproduct of the technology.”.

blockchain 100

blockchain cryptocurrency Technology Report 100

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.”. Mr. Kitao comes at a perfect time for Ripple as we look to deepen our customer base in Asia and beyond.”.

Bitcoin 136

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PYMNTS

JUNE 18, 2019

The endless speculation over Facebook ’s plans to build a new set of global payments rails and launch a global cryptocurrency comes to an end today with the official launch of Libra. At some point, they will be asked to kick in few bucks to fund its operation and get it off the ground. The New Cryptocurrency — Libra. Or does it?

Payments 246

Payments Regulation blockchain cryptocurrency 246

PYMNTS

JULY 1, 2019

Facebook made waves this month when it announced its Project Libra cryptocurrency initiative. The announcement establishes a low-cost ecosystem that will enable Libra cryptocurrency users to make purchases both on Facebook and other online marketplaces. We will work hard to draw a distinction between the two things,” he said. “We

blockchain 100

blockchain cryptocurrency Retail Regulation 100

PYMNTS

JULY 17, 2019

“They leapfrogged all the traditional mechanisms and went straight to mobile adoption and biometrics , and that has a significant impact on how the digital identity market operates there, how people respond to it, and what their expectations are,” Cohen told Webster. But looking globally, a fragmented landscape frames the debate.

Course 185

Course Regional Policies Data 185

PYMNTS

AUGUST 12, 2019

During a Senate hearing at the end of July focused on the Secure and Fair Enforcement (SAFE) Banking Act , chairman and Sen. We’ve formed partnerships with other third-party providers to be able to bring similar solutions to cannabis operators that we would for any other business.”. Some Democrats skipped the hearing, too.

Puerto Rico 128

Puerto Rico New Hampshire New York Regulation 128

PYMNTS

SEPTEMBER 6, 2018

The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. Take cryptocurrencies, for instance. they can take place with tokens classified as securities.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

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.”. Securities and Exchange Commission has halted the trading of three companies based in Oregon after examining their balance sheets.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

NOVEMBER 13, 2017

” Such was the difficulty on the Ethereum cryptocurrency network this week, when a few hundred million dollars (no specific amount has been released yet) were frozen due to a vulnerability in the wallet. We’d say, don’t bank our future on cryptocurrency – but of course we already knew that. (Peanuts and sardines come to mind.)

St. Louis 108

St. Louis cryptocurrency Cyber Security Fintech 108

NCR

AUGUST 18, 2017

Blockchain, or distributed ledger technology as it is sometimes called, is a database that is distributed across a network and cryptographically secured, such that records become immutable. Forecasts about medium-term cost savings of key operations are promising. Why banks are excited about blockchain. Significant savings to be made.

blockchain 75

blockchain Technology cryptocurrency Study 75

PYMNTS

JULY 1, 2016

In a region where mobile phone penetration grew from 92.7 A Singapore-based startup offering bitcoin exchange and cryptocurrency services secured another major round of funding this week. With an estimated population of just 5.47 million, an unemployment rate of 3 percent and an adult literacy rate of about 96.54

National 133

National Training Bitcoin Samsung 133

CB Insights

APRIL 18, 2019

Earlier this month, news broke that Chinese regulators were considering a ban on cryptocurrency mining (China is currently the world’s largest region for bitcoin mining). However, nothing has been formalized yet, and major mining companies Bitmain and Canaan have said the proposed ban won’t even affect operations.

blockchain 59

blockchain Capital Trends Bitcoin 59

PYMNTS

JANUARY 23, 2018

The result is a neglected stack of scanners in a corner of a storage room or rucked away in an operations area, with no way to assess the value of that inventory and what can be repurposed.”. 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.

Tools 109

Tools Payments Data Fintech 109

PYMNTS

JULY 1, 2019

Facebook’s launch of Libra on June 18 unleashed a firestorm of media coverage, mostly repetitive, and mostly a piling on over the regulatory bear that it poked when unveiling its global payments plus cryptocurrency plans. The Facebook Libra whitepaper states that Association Members must agree to operate as validators on the network.

Regulation 155

Regulation Strategy cryptocurrency Branding 155

FICO

MARCH 6, 2020

In 2014, I joined Tonbeller as Head of Sales & Channel Operations and became Management Board member shortly thereafter. It is the culture that ensures that employees operate within the prescribed risk appetite and limits and conduct in a way that will neither cause damage to the client nor the institution’s reputation.

Compliance 81

Compliance Technology Fraud Analytics 81

FICO

DECEMBER 23, 2020

Business intelligence to analyze the morass of data and alerts generated will be a key theme for the region and a global necessity as adoption of AI increases. One additional area where we expect to see an increased focus is cloud governance, as enhanced controls for security, data privacy, and operational resilience continue to expand.

Compliance 52

Compliance Regulation Data Risk Management 52

CB Insights

FEBRUARY 21, 2019

Blockchains operate through decentralized peer-to-peer platforms, building resilience against the spread of corrupted information and boosting resistance to fraud. Imbrex is reportedly planning to launch smart contract-enabled transactions using its own cryptocurrency. Why blockchain tech could benefit the real estate industry.

blockchain 78

blockchain Fraud Technology Management 78

PYMNTS

APRIL 6, 2018

It also operated dockless pedal-assist bikes in Washington, D.C. Reports further indicate that Uber is not JUMP’s only potential suitor, and “ that other parties ” have been increasing their offers over the past week in a bid to secure ownership. The firm has an 18-month exclusive permit for its electric bikes in San Francisco.

Apple 100

Apple San Francisco New York Sacramento 100

Gonzobanker

DECEMBER 19, 2022

Erin Simpson , chief operations officer, and Allan Rayson , chief innovation officer and chief technology officer, think about their operations and technology differently as well by partnering with fintechs that are also invested in the bank and understand the bank’s strategy with several of them on the board. talent market.

Community 216

Community Fintech Industry Innovation 216

CB Insights

MARCH 8, 2018

The UK, in particular, has seen the most challenger bank activity compared to other regions, as a result of progressive regulations enacted to promote competition and break up the banking monopoly. Tandem lost its banking charter after failing to secure funding. Branch operating costs (OPEX) now exceed the revenue they generate.

Retail 78

Retail Digital Banking Fintech Regulation 78

CB Insights

OCTOBER 10, 2018

One of the biggest challenges these companies face is that many operate without a bank charter or license. Existing startups like the UK’s Revolut are also looking to expand in the region. Neon quickly secured a new partner, BancoVotorantim, to resume card services. why profitability won’t come easy.

Retail 78

Retail Cards Millennials Mobile 78

Vitalik Buterin

AUGUST 26, 2018

Less than a year ago, Ethereum adopted the Byzantium hard fork, including operations to facilitate elliptic curve operations needed for ring signatures, ZK-SNARKs and other applications, using the alt-bn128 curve. That is, suppose that the blockchain state has regions A and B, where few or no nodes are processing both A and B.

Innovation 52

Innovation blockchain System Examples 52

CB Insights

MAY 15, 2019

With recent advances in blockchain, cryptocurrency, contactless payments, and more, finance is primed for disruption. DBS leaders expect to see more than 5,000 people actively innovating DBS’ services and operations at DAX each year. Get the entire 43-page PDF. One popular approach: in-house financial innovation labs.

Innovation 78

Innovation blockchain Technology Groups 78

Tomorrow's Transactions

FEBRUARY 15, 2016

Are central banks artefacts of the Industrial Revolution, like canal networks or newspapers, or are they indispensable to the operation of the modern economy? 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.

Industry 39

Industry Maine System Payments 39

CB Insights

DECEMBER 4, 2019

Despite charging lower fees, the company failed to gain enough traction with merchants who feared giving Amazon detailed data on their overall business operations. The regions involved in the initial pilot included Colombia, Chile, Hong Kong, Kenya, Indonesia, Malaysia, the Philippines, Peru, Taiwan, and Thailand.

Cards 101

Cards Lending Strategy US 101

CB Insights

OCTOBER 26, 2020

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. Even as the regulation pendulum swings back toward more limited oversight, how investment banks operate is fundamentally changing. Table of contents. The disruption of the IPO. INITIAL COIN OFFERINGS.

Management 78

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