Remove Concentration Remove Financial Systems Remove Numbers
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As Dominican Republic’s Fintech Sector Booms, Financial Inclusion Is Big Goal

Global Finance

The Inter-American Development Bank (IDB) reports that the number of companies the island nation hosts in the field grew from six in 2018 to 65 in 2024. Financial inclusion has lagged thus far, despite the republic’s consistent GDP growth; only 55% of adults are banked, making it “one of the Dominican Republic’s main challenges,” Adam argues.

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Transcript: Apollo’s Torsten Slok

Barry Ritholtz

But in fact, it is still the case that if you think about it, well hotel costs are important for a number of different reasons. And this has raised a number of important questions in financial markets. Even the last non-farm payrolls number we got was of course also very strong. Why are we looking at this?

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François Masquelier (Simply Treasury): Small is Beautiful

Simply Treasury

Number of fintech’s, but for whom? We could not name the solutions given their huge number. These companies are often managing finance and treasury on separate financial systems which are poorly integrated, if integrated at all. Treasury system needs is a huge pound. These are the two extreme strategies.

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Google Pay Co-founders’ Indian Neobank Has Raised $13.2M

PYMNTS

The startup was founded in May and will introduce a digital banking blueprint concentrated on serving millennials in India, Narayanan told TechCrunch. When we were building Google Tez, we realized that a consumer’s financial journey extends beyond digital payments. billion citizens outside the financial system. .

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Change Keeping Global Banks On Their Toes

PYMNTS

Demonetization in India has financial institutions operating at full speed to exchange out discontinued bank notes but with some unexpectedly pleasant consequences. banks, meanwhile, have risen in financial stability regulators’ ranks for how much of a risk they pose to the global financial system should they fail.

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OCC Defines Top Threats To Banks This Season

PYMNTS

As cyberattackers deploy more aggressive tactics, corporate banking firms have to respond with heightened cybersecurity measures to ensure confidence in the nation’s financial system, the OCC warned. Over time, consolidation among service providers has resulted in large numbers of banks reliant on a small number of service providers.”.

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World’s Best Banks 2024: Global Winners

Global Finance

The banks “failed as a result of a combination of unrealized interest rate losses from their long-term, fixed-rate assets and the loss of the low-rate deposits that had funded these assets,” Larry Wall, research center executive director of the Atlanta Fed’s Center for Financial Innovation and Stability, explained in a blog post.