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Bitcoin Daily: Ant Financial Starts Pilot For SMB Blockchain Network; Wyoming Announces Regulations For Crypto Custodians

PYMNTS

“While the blockchain is open to developers and institutions from all over the world, we will be cautious in terms of selecting nodes on the platform,” Jieli Li, senior director of technology and business innovation at Ant Financial, said in reports. This is the company’s latest move in the blockchain market.

Wyoming 101
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Avanti Plans Real-Time Settlement Solution For Corporate Treasurers

PYMNTS

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. Avanti made its Wyoming intentions clear in February. ”

Wyoming 153
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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Included in that movement toward tech in capital markets, he said that could include blockchain and artificial intelligence (AI).

Lending 150
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Digital License Plates Vie For Place In Connected Car Ecosystem

PYMNTS

The plates also offer geo-fencing technology that, at least for now, is meant to track “government or business vehicles,” though it could soon help with automated parking and serve as a conduit for marketing tasks. The technology could have a significant role in the connected vehicle ecosystem, and in the rise of smart cities.

Michigan 139
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Retail’s Voice-Assisted, Meatless Summer

PYMNTS

The world of retail is never for the faint-hearted, given its fierce competition, constant innovation and disruption – not to mention the ongoing shift to digital. The subscription commerce wars kept raging, and new operations and businesses entered the market or tweaked their models. New Subscription Push.

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The top-performing community banks of 2021

Independent Banker

Whether it’s products and services, technology strategies or employee benefits, independent community banks decide on their own terms what’s best for their business and their customers. Wyoming Bank & Trust. Dempster says his bank does have the technology to handle mortgage transactions virtually, and some customers prefer that.

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Chime, Uniswap, and the future of finance could soon struggle

Lex Sokolin

To the extent it pipes people to banking product, that goes to a $500 million market capitalization public company that makes prepaid cards. It doesn’t have an ILC charter from Utah, or a crypto bank charter from Wyoming, or a straight-up bank charter like Varo, nor has it acquired any banks like Lending Club or Jiko. No shenanigans.

Capital 52