article thumbnail

Banks’ leadership teams are fatally flawed

Chris Skinner

Though boards of banks in the United States and the United Kingdom have higher percentages of directors with professional … The post Banks’ leadership teams are fatally flawed appeared first on Chris Skinner's blog. In North American banks, 12.1% in European banks and 5% in Asian banks.

article thumbnail

FinCEN Announces New Digital Innovation Officer/Deputy Director

PYMNTS

The Financial Crimes Enforcement Network (FinCEN) has announced Michael Mosier as its new digital innovation officer and deputy director. Mosier oversees FinCEN’s wide-ranging work to protect the financial integrity and national security of the United States,” the release states.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Square Buys Up $50M In Bitcoin

PYMNTS

The company has previously invested in bitcoin “from a product, leadership and legal innovation perspective.”. Square was founded in 2009 in Silicon Valley and has offices in the United States, Canada, Japan, Australia, Ireland, Spain, and the U.K.

Bitcoin 289
article thumbnail

Bitcoin Daily: Bakkt Trust Crypto Platform Gets Trust License In NY

PYMNTS

This approval demonstrates New York’s competitiveness as a hub of innovation and leadership in emerging technologies.”. DFS became the first state or federal agency in the United States to supervise virtual currency n 2015 and has so far approved 22 charters or licenses for companies in the virtual currency marketplace.

Bitcoin 165
article thumbnail

This week’s podcast: a conversation with Paul Watkins, Director of the CFPB’s Office of Innovation

CFPB Monitor

Our guest for this week’s podcast is Paul Watkins, Director of the CFPB’s Office of Innovation. The Office has taken over the Bureau’s work that was formerly done under Project Catalyst, the initiative launched by the CFPB in 2012 for facilitating innovation in consumer financial products and services.

Arizona 60
article thumbnail

Treasury seeks comments on digital assets, including opportunities and risks for consumers

CFPB Monitor

On July 8, with limited fanfare, the Department of Treasury issued a request for public comment regarding the March 9, 2022 Executive Order entitled “Ensuring Responsible Innovation in Digital Assets” (the “Order”). leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.”

article thumbnail

Why Nearshore Development Will Boost Your Business in 2021

Perficient

How did an innovative culture take shape with our nearshore development team? That’s when our leadership sharpened the focus on building a culture of excellence and innovation. Our leadership chose Capability Maturity Model Integration® ( CMMI ) as the path to changing our culture. There will also be more motivation.

Software 501