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Facebook Invests $130M In Content Oversight Board

PYMNTS

The content oversight board trust was made for accountability and good governance, to ensure that the funds are managed properly. It will have the role of handling such tasks as ensuring tax compliance, administering payroll and reviewing the annual budget of the board. Brown Brothers Harriman Trust Company of Delaware, N.A

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Who Should Lead The Digital ID Push?

PYMNTS

Use cases for the digital ID wallet could include accessing age-restricted places like bars, signing into services like online tax filing or verifying identities at polling stations. The advantage is that users could prove their ages if necessary without revealing their birthdates or other personal information.

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Watch 6 startups pitch in the “Entre x Pitch night NYC” Fintech Startup Competition

Fintech Labs Insights

Target customer: Primarily focused on enterprise HQ: Newark, Delaware Launched: 2019 Raised: No announced funding Founders: Jeremy Sutton , Yann Barbarroux. Synkbooks (aka Tax Labs Inc.). The audience and judges ranked all six (which you can see at the end of the post). Pre-seed Startups. Seed-Stage Startup.

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Beneficial Ownership: Is the U.S. Doing Enough to Pierce the Corporate Veil?

Abrigo

The global AML community has long seen the United States as behind in knowing their true customers (think Delaware incorporations). Shell companies, particularly in tax haven countries, can be used for legitimate business purposes, but they are also known to be vehicles for money laundering.

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Fintech Fundings: 35 Companies Raise $470 Million the Third Week of June

Fintech Labs Insights

HQ: Wilmington, Delaware. Income tax prep. Research management software for investors. Tags: Consumer, investing, financial planning, wealth management. Latest round: $46.76 million Series C. Total raised: $71.56 HQ: Costa Mesa, California. Source: Crunchbase. Shanghai Suntime Information Technology. HQ: Shanghai, China.

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Wyoming Lures Crypto Companies With Friendly Laws

PYMNTS

According to a report in Bloomberg back in March, Republican Governor Matt Mead signed into law legislation on limited liability corporations that is more friendly to blockchain companies, making so-called utility tokens an asset class and exempting cryptocurrency from state property taxes.

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