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Avanti Plans Real-Time Settlement Solution For Corporate Treasurers

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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

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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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Who Should Lead The Digital ID Push?

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Despite all the discussion about verifying digital IDs without creating friction for the user, recent incidents like cybercriminals using AI to impersonate an energy company’s CEO to falsely request money could give security professionals nightmares. The digital identity verification market is projected to reach $12.8

Wyoming 136
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Bitcoin Daily: US Regulators Join Global Financial Innovation Network; Colorado Explores Crypto Banking For Cannabis Firms

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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 ). Colorado’s bill does have support from some lawmakers.

Colorado 102
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Boosting Access To Financial Services In Brazil

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A recent partnership in India aims to add further biometric security to the nation’s Aadhaar system. Identity Devices Sweden AB will provide a new biometric privacy platform (BPP) to Aadhaar, essentially adding a new layer of security to its online and offline authentication systems.

Wyoming 134
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Deep Dive: Digital ID Developments From Around The World

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Even though biometrics offer notable security advantages, they do come with risks. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . Colorado, Idaho, Maryland, Wyoming and Washington, D.C., A reported 3.6

Security 159
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Bitcoin Daily: Binance Sells Its Users’ Altcoins, Bitcoin Dives As Cryptos Caught In SEC Crosshairs

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The price of the marquee name in cryptocurrencies dipped as low as $9,450 in intraday trading when the Securities and Exchange Commission (SEC) announced there were “potentially unlawful” systems operating that allow the trading of cryptocurrencies. Bitcoin’s price staggered on Wednesday (March 7), Reuters reported. As of 7:48 p.m.,

Bitcoin 101