CFPB Monitor
JUNE 5, 2019
Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). The provisions requiring Wyoming’s Banking Commissioner and Secretary of State to adopt implementing regulations became effective on February 19, 2019.
PYMNTS
JULY 26, 2020
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. ”
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PYMNTS
OCTOBER 25, 2019
The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ). Jack Tate told CoinDesk.
PYMNTS
JANUARY 7, 2019
Separately, the Securities and Exchange Board of India (SEBI) is in the midst of plans for a “sandbox” that will help boost FinTech efforts for capital markets, as reported by The Hindu. Closer to home, in Wyoming, a bill has debuted in the state legislature to create a FinTech sandbox. Sandboxes, Gathering Steam.
PYMNTS
MARCH 12, 2020
More than a dozen states are taking steps to digitize these licenses and thus enable enhanced privacy, security and other benefits, but several questions regarding their implementation and use have made some states reluctant to follow suit. Digital driver’s licenses (DDLs) offer various advantages, including improved security.
Abrigo
JULY 22, 2022
Takeaway 1 Cryptocurrency has been able to offer good interest rates on high-yield savings accounts and secured loans with no credit check. . As recently as last fall, consumers could stash certain digital assets in a savings account and earn upwards of 10% interest, or even use cryptocurrency to secure a loan without a credit check.
PYMNTS
JANUARY 18, 2019
For citizens to engage with these services and trust them, seamless and secure digital identity tools will be essential. Though the technology may be a long way away, it will first require a secure and seamless digital identity solution before smart city citizens or officials are willing to trust it. Smarter Emergency Services.
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