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Grasshopper Bank advances inclusion, stamps out ‘pattern matching’

Bank Innovation

New York City-based Grasshopper Bank is geared toward startups, with a focus on pain points for founders. Grasshopper opened in May 2019 after securing FDIC and OCC approval, a rare distinction for a digital-only bank.

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FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.”

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Deep Dive: COVID-19 Spurs Biometric Innovations For A Contactless Global Society

PYMNTS

Global concern over the coronavirus spreading on contaminated surfaces in public places is unleashing rapid development of innovative biometric products that could assist a touchless society. These surveillance technologies are opening a hornet’s nest of privacy and security concerns for citizens.

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Calling the true innovators: Venture into the future of financial services

Insights on Business

Two years ago, they were appointing chief innovation officers to dip their toes in with proof-of-concept projects or in-house incubators. They are reorganizing around agile, cross-functional teams that surface the best ideas and implement them in record time—all while promising privacy, security and compliance. Now, they are all in.

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UPS, Latch Pair On Last-Mile Delivery Security

PYMNTS

UPS is providing increased security to its customers through a pilot with Latch smart access devices that will allow its drivers to make in-building deliveries to multi-unit homes in New York City. UPS is the latest company to offer a more secure delivery service.

Security 100
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Ant Group IPO Pricing Could Reach $35B, Report Says

PYMNTS

Ma also noted that it’s the first time such a gargantuan deal has been conducted outside of New York City. “We Ma has criticized the financial and regulatory system in the past, saying they “stifle innovation,” according to Reuters. We didn’t dare to think about it five years ago, or even three years ago.

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ComplyAdvantage CEO sees regulatory headaches for big tech’s financial forays

Bank Innovation

ComplyAdvantage, a New York City-based firm that uses machine learning to […]. Charlie Delingpole, founder and CEO of regtech startup ComplyAdvantage, said big tech firms like Google, Apple, Facebook and Amazon face no shortage of regulatory headaches by venturing into financial services.