Sun.May 19, 2019

If Facebook launch a cryptocurrency, will US government shut it down?

Chris Skinner

I’m writing more and more about Facebook launching its own cryptocurrency lately: Will Facebook become the world’s central bank? March 2019) Will a global platform connect all of our money?

NY Seizes Municipal Credit Union After Embezzlement

PYMNTS

New York’s Department of Financial Services seized Municipal Credit Union , New York’s oldest credit union, on Friday (May 17), saying it is facing “unsafe and unsound” conditions.

Things worth reading: 20th May 2019

Chris Skinner

Trump Blacklist Prompts Google To Cut Some Ties With Huawei

PYMNTS

Google is halting a business relationship with Huawei , the Chinese telecommunications company, in what is seen as a blow to the company that has been on the radar of the U.S. government.

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Top 7 Crypto Exchanges for IEOs

Daily Fintech

Last week our theme was “Bitcoin going parabolic. ALT Season is Almost Here!“ Our theme for this week is “Top 10 Crypto Exchanges for IEOs”. Initial Exchange Offerings (IEOs) are picking up steam, capturing the interest of investors, project teams, and exchanges.

Taxi Drivers Driven To Bankruptcy Over Medallion Loans

PYMNTS

The New York City taxicab industry has been suffering, with a series of suicides plaguing taxi drivers over the past year as they struggle with debt and financial strife.

‘We were willing to shock historical norms’: Otting on OCC’s makeover

BankThink

The comptroller, now a year and a half on the job, discusses his attempts to revamp the supervision process for national banks and make the agency run more efficiently. CRA Budgets Fintech regulations Licenses and charters Lawsuits Joseph Otting OCC FDIC

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Payments innovation isn't global enough

Payments Source

Advancements are bringing improvements to risk and user experience, but global reach remains a top priority, writes Marc Recker, global head of institutional market management and cash management for Deutsche Bank. ISO and agent Digital payments AML Payment processing Financial inclusion SWIFT

Bitcoin Daily: Bitfinex To List New Exchange After $1B IPO; Frank Timis Clashes With Argo Blockchain

PYMNTS

Crypto exchange Bitfinex announced that it will list its new exchange token on its platform and it will be tradeable against bitcoin, the U.S. dollar, the tether stablecoin, ether and EOS.

How green is your bank? Defining sustainable finance

The Banker

The banking industry is waking up to the importance of meeting – and being seen to meet – environmental standards. But progress will be limited until universal definitions and standards can be agreed. Silvia Pavoni reports on the various initiatives in progress

Bank Of Italy To Reward Eco-Friendly Companies

PYMNTS

The Bank of Italy is gearing up to reward companies that make moves to fight climate change, reported Reuters.

CapitalBay to launch P2P financing platform

The Paypers

(The Paypers) Multi-bank supply chain finance platform CapitalBay has received the approval from the Securities Commission Malaysia to operate a P2P financing platform

Regulators Investigate China’s Ex-Securities Regulator

PYMNTS

Liu Shiyu, the former head of China’s securities regulator, is being investigated for violating anti-corruption laws.

Tarabut Gateway to enable open banking services for NBB

The Paypers

(The Paypers) The National Bank of Bahrain has partnered with open banking systems provider Tarabut Gateway to deliver new open banking services to its customers

OneCoin Denies Crypto ‘Ponzi-Pyramid Scheme’ Allegations

PYMNTS

OneCoin has sent a letter to the press denying that it is a “hybrid Ponzi-pyramid scheme” and scam. In March, United States prosecutors announced criminal charges against the leaders of OneCoin: Konstantin Ignatov, 33, and his sister Ruja Ignatova, 38, known as the “Cryptoqueen.”

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Two CUs Move Forward with New HQ Buildings

Keith Leggett's Credit Union Watch

Two credit unions are moving forward with new headquarters buildings. Advia Credit Union (Parchment, MI) broke ground on a new 150,000-square-foot headquarters building in Oshtemo Township. The new headquarters building will include a branch, ATM and night deposit box. It will include seminar rooms, as well as retail spaces for lease by local businesses on the first floor. The design also calls for outdoor terraces that will overlook a landscaped water feature.

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How fraudsters forced Ticketmaster to become a digital ID innovator

Payments Source

Ticketmaster has battled fraud in paper ticketing for years — but mobile technology introduced new ways for fraudsters to steal, resell and counterfeit high-priced digital tickets. Fraud prevention Card fraud Fraud detection Payment fraud Digital ID Identity verification

Fintech Authority Chris Skinner Reveals Keys to Being True Digital Bank

The Financial Brand

Noted fintech influencer says traditional banking institutions have a strong future. if they adapt. He shares lessons from digital leaders. The post Fintech Authority Chris Skinner Reveals Keys to Being True Digital Bank appeared first on The Financial Brand.

Taking off on a global learning experience

CU Insight

Sometimes the best classroom is the one that’s found on another continent. A delegation of 14 credit union representatives will spend next week in Brazil as part of the World Council of Credit Unions ’ (WOCCU) Young Professional Exchange.

5G to Speed Digital Transformation of Banks and Credit Unions

The Financial Brand

Advanced wireless tech rolling out around the U.S. will complement banking institutions’ customer experience strategy on mobile and more. The post 5G to Speed Digital Transformation of Banks and Credit Unions appeared first on The Financial Brand. Mobile Channel

Hood addresses CECL, NOL, loan maturity limits in House hearing

CU Insight

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It’s Time To Move From Digital Banking To Embedded Experiences

The Financial Brand

Reimagining banking around proactive advice and product recommendations based on consumer behavior and lifestyles can up the industry's game. The post It’s Time To Move From Digital Banking To Embedded Experiences appeared first on The Financial Brand. Digital Banking Strategies Featured Content digital banking

CUNA News Podcasts now available on Spotify

CU Insight

The popular CUNA News Podcast is now available on Spotify, putting the program on the top four podcast directories. With more than 116,000 downloads, the CUNA News Podcast has welcomed a wide range of guests, from credit union visionaries to industry thought leaders.

It’s Time To Move Beyond Digital Banking

The Financial Brand

The future of digital banking requires proactive advice and product recommendations based on consumer behavior and lifestyle needs. The post It’s Time To Move Beyond Digital Banking appeared first on The Financial Brand. Digital Banking Strategies Featured Content digital banking