Chris Skinner
NOVEMBER 28, 2019
Building on my discussion yesterday about offshore tax havens and decentralisation to avoid governance in both the physical and virtual world, there’s a more fundamental issue at large here. Tax avoidance. Some people hear the words “a tax” and interpret it as “attacks” I heard a figure the other day … The post How much tax is lost each year?
PYMNTS
NOVEMBER 28, 2019
Crypto-based donations are taking center stage this holiday season with #BitcoinTuesday. The event on Dec. 3 is a take on GivingTuesday, which allows people to make donations to charities. The event launched in 2012 and raised around $400 million in the U.S. last year. Now the Giving Block , a for-profit firm founded in 2018, is in charge of this year’s crypto Giving Tuesday with #BitcoinTuesday.
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Chris Skinner
NOVEMBER 28, 2019
Things we’re reading today include … RBS takes on Monzo with standalone digital bank Bó It’s the end of the World Trade Organisation as we know it Barclays chief Jes Staley could have pension payment cut in half Loan sharks cash in on Black Friday spending spree Antony Jenkins and … The post Things worth reading: 29th November 2019 appeared first on Chris Skinner's blog.
PYMNTS
NOVEMBER 28, 2019
India’s Minister of state for electronics and IT (MeitY) has announced that the government is drafting a national framework to expand the deployment of blockchain use cases. “Ministry of Electronics and Information Technology (MeitY) has identified Blockchain Technology as one of the important research areas having application potential in different domains such as Governance, Banking & Finance, Cyber Security and so on,” wrote Sanjay Dhotre.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
BankBazaar
NOVEMBER 28, 2019
Wondering how you can be a credit pro? You may already be one! Read on to discover the four signs that can confirm whether you’re a credit expert or not. Oftentimes, we tend to be too hard on ourselves when it comes to gauging our financial situation. Sure, there may be a bad month here and there, but we take for granted the many things that we may already be doing right.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Let's Talk Payments
NOVEMBER 28, 2019
Over the past few years, banking has far transcended from the typical brick-and-mortar system in more ways than one.
PYMNTS
NOVEMBER 28, 2019
Crypto startup Gladius Network announced Nov. 22 that it has shut down. The news comes after it settled charges with the U.S. Securities and Exchange Commission (SEC) earlier this year for selling an unregistered security. “We regret to inform you that Gladius Network LLC has ceased operations effective immediately and has filed for dissolution. Despite our best efforts, the company no longer has funds to continue operations.
PYMNTS
NOVEMBER 28, 2019
Importers around the world continue to reel from ongoing trade disputes that are redrawing supply chains — perhaps permanently — throughout Asia, causing importers and their suppliers across countries like Vietnam and South Korea to scramble. The supply chain changes are opening up new trade opportunities for small to medium-sized businesses (SMBs), but analysts warn importers face a new round of risks with shifting supplier bases.
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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
PYMNTS
NOVEMBER 28, 2019
The old carving knife will appear on countless tables this Thursday (Nov. 28) – and other longstanding Thanksgiving Day traditions will also take place. People will eat too much pie, some will drink too much booze and celebrants of all ages will fall asleep watching football, despite their best efforts to stay awake. Even so, Thanksgiving has firmly entered the 21 st century, and even the turkey – well, the whole dramatic process involving the preparation and serving of that big hunk of meat – h
PYMNTS
NOVEMBER 28, 2019
SEB believes there is no need to take further action after the bank was accused of having links to suspected money laundering in Estonia. Earlier this month, the bank revealed that it had been contacted by the Swedish public broadcaster SVT about “suspected money laundering in the Baltics.” SVT has accused Swedbank of a similar offense. But SEB said that SVT’s evidence didn’t amount to much.
PYMNTS
NOVEMBER 28, 2019
When you can’t beat ‘em, join ‘em. Or: If at first you don’t succeed … try, and try again. China is a market that most Western firms — especially online marketplaces — covet. But the walls are high. Amazon has learned that firsthand, having shuttered its domestic site in China this past July. Amazon still has at least some businesses in China — such as through Kindle, where there are “flagship” stores, and on Alibaba, for instance — but the July exit seemed a tacit admission that breaking into a
PYMNTS
NOVEMBER 28, 2019
Robinhood has announced that it giving up on its plans to become a federally insured bank. The stock-trading startup is voluntarily pulling its bank charter application with the Office of the Comptroller of the Currency, which was submitted earlier this year. “Robinhood will continue to focus on increasing participation in the financial system and challenging the industry to better serve everyone,” a spokesperson told CNBC.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
PYMNTS
NOVEMBER 28, 2019
One JPMorgan Chase executive says that CEOs are a bit nervous about earnings growth next year. According to J.P. Morgan Chase regional investment banking head John Richert, CEOs are expressing concerns about delivering earnings growth during increasingly uncertain times, which include slowing growth around the world, the U.S.-China trade war and the upcoming U.S. presidential election.
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