Remove Lending Remove Operations Remove Regulation Remove Wyoming
article thumbnail

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
article thumbnail

How the OCC is building Crypto America

Lex Sokolin

American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., You can see that the overall share of regulated banking entities at the federal level is hovering around 20% to 30%.

America 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

How the OCC is building Crypto America

Lex Sokolin

American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., You can see that the overall share of regulated banking entities at the federal level is hovering around 20% to 30%.

America 52
article thumbnail

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

Lex Sokolin

Instead, it is replacing payday lending as an industry. This generated a good $6 billion of revenue in 2016, though that number is likely further compressed given attempts at regulating this sector. lending/trading/saving), and are computing concurrently on a giant programmable blockchain network. billion valuation.

Capital 52