Why Nations Fail

Chris Skinner

Robinson from the University of Chicago and co-author of Why Nations Fail, a book that changed thinking about what makes for successful countries and what makes them fail. I had … The post Why Nations Fail appeared first on Chris Skinner's blog.

When national currencies fail (cryptocurrencies rise)

Chris Skinner

… The post When national currencies fail (cryptocurrencies rise) appeared first on Chris Skinner's blog. Venezuela is the latest country to spin into hyperinflation, showing the same signs as the meltdown in Zimbabwe that created the 100 trillion dollar note.

Lawmakers Hit A Wall In Creating National Privacy Law

PYMNTS

to come up with a national privacy law have hit a wall, with Senators unable to agree on how strict the rule should be. If Congress comes up with a national law, the tech companies hope it will override what California has on the books. Efforts from lawmakers in the U.S.

Chinese National Charged In Anthem Data Breach

PYMNTS

prosecutors have charged a Chinese national for his alleged involvement in the 2015 data breach at health insurance company Anthem , which led to the theft of 78.8 Legal Anthem Chinese national data breach hacker health insurance indictment legal News PII privacy What's Hot

Fifth Third Bank has applied for a national bank charter

Bank Innovation

Cincinnati-based Fifth Third Bank has applied for a national bank charter as it expands its suite of products and services. A national charter will ensure […].

Mastercard General Counsel Tapped To Chair National Urban League

PYMNTS

The world of payments has provided a new leader to the National Urban League. Murphy was elected to the post during the National Urban League’s Board of Trustees quarterly meeting in New York City. Mastercard financial inclusion MasterCard National Urban League News What's Hot

Patriot National Hits Regulatory Snag In SBA Platform Plans

PYMNTS

Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on Thursday (March 13) said the financial institution remains undeterred by the challenge.

Bump On The Road To National FinTech Charters?

PYMNTS

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The suit can proceed.

Mastercard Protests Payments ‘Nationalism’ In India

PYMNTS

government over the use of nationalism by the government in India to promote a domestic payments network there. ” Modi has said that using RuPay is akin to offering a service to the nation, given the fees associated with the use stay in India.

Wegagen Bank Teams With WorldRemit; Hatton National Bank Unveils eWallet

PYMNTS

Hatton National Bank PLC unveiled the rollout of HNB Solo in Sri Lanka , personal remittances from overseas Filipinos (OFs) are on the rise in the Philippines , and Canadian bank CIBC is launching a new small business platform called CIBC SmartBanking for Business.

JPMorgan Chase and National Bank of Canada Complete Blockchain Test

Bank Innovation

and the National Bank of Canada (NBC) announced today that they tested a debt insurance simulation on a new blockchain platform. JPMorgan Chase & Co.

National Bank Of Canada Blockchain Pilot Eyes Trade Finance Contracts

PYMNTS

The National Bank of Canada , the country’s sixth-largest bank, is collaborating with business consulting and IT company CGI to launch a blockchain-powered trade finance solution.

National Bank of Australia Adds Google Pay

Bank Innovation

National Australia Bank (NAB) today added Google Pay to its roster of mobile payments services. NAB customers can now use Google Pay to make contactless payments.

Google 158

Israel Considers Issuing National Cryptocurrency

Bank Innovation

The Israeli government is creating its own “digital shekel,” according to multiple reports. The move is apparently driven by the desire to reduce black market activity, which makes up 22% of the country’s GDP, the report says.

Apple Launches National Parks Initiative

PYMNTS

Apple has announced a new initiative that will help its customers support and enjoy America’s national parks. 24 through 31, the company is donating $1 to the National Park Foundation for every purchase made with Apple Pay at any Apple Store, online at apple.com or through the Apple Store app in the U.S. The App Store will also spotlight a collection of some of the best apps to help users explore the country’s national parks.

2019 To See Increase In Nation-State Cyberattacks, Ransomware

PYMNTS

There will also be a significant increase in nation-state attacks, infecting routers and networks connected to storage devices worldwide, while terrorist-related groups will work to carry out cyberattacks on cities through Crimeware-as-a-Service (CaaS).

National Australia Bank Cuts 6,000 Jobs, Shifts Staff to Digital

Bank Innovation

The National Australia Bank today announced it is slashing its workforce by 12%, or 6,000 job losses, over the next three years. Exclusive Online National Australia Bank Nordea

LaCroix Maker National Beverage Corp. Reports Drop In Sales

PYMNTS

Marking its first fall in quarterly sales in half a decade, LaCroix sparkling water maker National Beverage Corp. We are truly sorry for these results,” said National Beverage Corp. Retail earnings LaCroix National Beverage Corp.

Blockchain’s Inroads Through National Frameworks And Trade Finance

PYMNTS

Blockchain is increasingly being separated from cryptocurrency, with an eye toward disparate use cases — some done at the national level.

Island Nation Mauritius To Set Up Fintech Fund

Bank Innovation

The island nation of Mauritius will now have a sovereign fund dedicated to investment in fintech.

Square Partners With Washington Nationals To Offer In-Seat Concessions

PYMNTS

Payments company Square has partnered with the Washington Nationals and Levy Restaurants to let fans order concession menu items right from their seats, according to reports. “The Nationals take pride in delivering a first-class experience,” he said.

China Creates National Cyberattack Database

PYMNTS

China revealed that it is creating a national cyberattack database and will require telecom firms, internet companies and domain name providers to report any threats to it.

Digital Services Mean Every Bank Is a National Bank

Bank Innovation

But the most significant revelation from the company’s earnings call yesterday may be that digital banking allows any bank to become national.

Czech Banks To Invest $260M Into National Development Fund

PYMNTS

Czech Prime Minister Andrej Babis has proposed a national development fund to help invest in social issues, digitization of the economy, education and transportation, according to a report by Reuters.

The CFPB Settles With National Credit Adjusters

PYMNTS

The Bureau of Consumer Financial Protection announced late last week it settled with the National Credit Adjusters , a private company, as well as its chief executive and part owner Bradley Hochstein. CFPB Debt Collection National Credit Adjusters News security & fraud What's Hot

KCB to acquire National Bank of Kenya

Bankelele

KCB has made an all-share offer to acquire National Bank of Kenya in a not too unexpected move. The post KCB to acquire National Bank of Kenya appeared first on Bankelele. Kenya’s largest bank will acquire the private, but state-controlled, NBK that was wrestling with an undercapitalized position. KCB will acquire NBK, which has assets of Kshs 115 billion by offering 1 share for every 10 NBK shares. KCB […].

First National Bank Of Omaha Shutters NRA Visa Card

PYMNTS

First National Bank of Omaha announced that it is not renewing a contract with the National Rifle Association (NRA) to offer customers an NRA-branded Visa card. First National Bank of Omaha offered two NRA cards with a $40 bonus and promoted it as “enough to reimburse your one-year NRA membership!” ” Customers lashed out at the bank via Twitter, promising to take their business elsewhere if First National didn’t cut ties with the NRA.

Omaha 158

National Funding Explores AltFin’s Uncertain Growth Trajectory

PYMNTS

However, Dave Gilbert, founder and chief executive officer of SMB alternative lending firm National Funding , said he’s seen a trend of growing traction within the small business community. B2B Payments alternative finance alternative lending B2B Banks economic growth FinTech loans National Funding News regulation SMB SMB finance working capital

National Retail Federation Projects Halloween Spending Will Hit $9B

PYMNTS

billion in Halloween spending, the National Retail Federation ’s (NRF’s) annual survey projects spending for the occasion will reach $9 billion this year. Retail Consumer Spending Halloween Millennials National Retail Federation News survey What's HotJust under last year’s record $9.1 In addition, celebrants are expected to spend $86.79 on average this year, which is slightly higher than $86.13 last year, the federation said in an announcement.

Citigroup Eyes Creation Of National Digital Bank

PYMNTS

Citigroup is gearing up to launch a digital consumer bank that will be national in scope and will arrive within the next three years. Citing Citigroup Chief Financial Officer (CFO) John Gerspach, Reuters reported the executive said at an investor conference that the financial company is “laying the groundwork for having a national digital bank.

Varo Money Raises $45M To Become ‘A National Bank’

Bank Innovation

Startup Varo Money has raised $45 million for its plans to become a full-fledged, “national bank,” the startup announced yesterday. The funds will go towards marketing its service as well as for laying “the foundation” to become a bank, company CEO Colin Walsh told TechCrunch.

Malware Attack On National Stores Inc. Exposed Payment Data

PYMNTS

Following a malware attack that allowed “unauthorized parties” to access customer credit card information, off-price retailer National Stores is seeking to prevent fraudulent activity and improve the security of its point-of-sale (POS) systems, the company said in an announcement. “We Based on National Stores’ investigation, the company believes customers who used their credit cards at its locations between July 16 and Dec.

National Bank of Kuwait Rolls Out SWIFT gpi; UCPB Launches InstaPay Transfer Service

PYMNTS

Coverage includes The National Bank of Kuwait ’s rollout of SWIFT Global Payments Innovation (gpi) services with the help of ACI Worldwide. Global Payments global payments innovation india National Bank of Kuwait News NoBroker SWIFT The Axis UCPB

Estonia Shelves Plans For National Cryptocurrency

PYMNTS

Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank. Estonia , which is among the most tech-friendly countries in eastern Europe, had been a leader in potentially issuing a national cryptocurrency, but the plan was criticized by Draghi earlier in the year when he said the euro can be the only currency in the country. “No

National Oil IPO?

Bankelele

The post National Oil IPO?

Wells Fargo to Take New App National by Year’s End

Bank Innovation

As the mobile-first generation starts to earn more money, the arms race to earn market share is heating up as large banks look to grow their digital-only brands and earn lifelong customers.

Will an OCC, FDIC Charter Help Varo Money Become the First National Mobile Bank?

Bank Innovation

Want a national bank that’s mobile-only? So does Varo Money.

FDIC 241

Bank Indonesia launches national standard QR code

The Paypers

(The Paypers) Bank Indonesia (BI) has launched its Quick Response Indonesia Standard (QRIS) code system that aims to universalise cashless payment in the country

National Bank of Australia to Hire 600 Tech Experts to Compete with Fintech Industry

Bank Innovation

The National Bank of Australia (NAB) will create 600 new technology jobs. Exclusive Mobile Open Fintech Operations Payments Uncategorized data fintech National Bank of Australia Security software engineering

Driverless Cars A Threat To National Security

PYMNTS

Transportation and public health experts maintain that self-driving cars will reduce the number of auto-related fatalities and injuries that are typically caused by human error, but Assistant Attorney General John Carlin, head of the national security division at the Justice Department, told Reuters: “The internet on wheels … clearly is going to present national security risks.”.

National Director's Roundtable Conference

Glatt Consulting

Join fellow board of directors, board chairs, CEOs, supervisory committee members and others from credit unions across the country at the 39th National Directors Roundtable Conference.

On National Burrito Day, Chipotle Serves Up Signs Of QSR Innovation

PYMNTS

As far as made-up, non-holiday holidays go, you could probably do worse than National Burrito Day , which takes place on Thursday (April 4).

SGR enters the Nairobi National Park

Bankelele

Kenya’s National Land Commission (NLC) has again published a list of land titles it is seeking to acquire on behalf of Kenya Railways for the construction of Phase 2A of the Standard Gauge Railway (SGR) between Nairobi and Naivasha.