article thumbnail

Bitcoin Daily: Mauritius To Test Digital Currency; JPMorgan Adds 2 Crypto Exchanges As Bank Clients

PYMNTS

The Bank of Mauritius is progressing toward providing a central bank digital currency (CBDC) per its governor, CoinDesk reported. Seegolam noted that any digital currency would need to be distributed via the current banking system to steer clear of the risk of putting the island’s financial system in an uneven position.

article thumbnail

Goldman Sachs Appoints New Global Digital Asset Leader

PYMNTS

In an interview, the London-based executive projected that a transition to an all-blockchain-based financial system, with all assets and liabilities native to that, could happen in “the next five to 10 years,” CNBC reported. “So PYMNTS noted this spring that Goldman Sachs has shifted its forecast on bitcoin.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

The 5 best FP&A software solution for business growth

Spreadym

FP&A (Financial Planning and Analysis) software is typically designed to meet the specific needs of finance professionals, CFOs, financial analysts, and other stakeholders involved in financial planning and analysis. Also, this process includes such activity as budgeting, forecasting and scenario modelling.

article thumbnail

AI, Security And Loosened Rules: How The US Wants To Boost FinTech

PYMNTS

The Treasury Department report, entitled “ A Financial System That Creates Economic Opportunities ,” serves as a response to executive order 13772, President Trump’s call to regulate the U.S. financial system around a set of core principles. FinTech Growth. The report also comes at a time of ongoing growth for U.S.

article thumbnail

10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. OnPlan is a financial modeling and forecasting tool built by financial planners and analysts. Budgeting and rolling forecasts, as well as what-if scenario planning.

article thumbnail

Chinese Banks Pained By Shifting Position In Global Trade Finance

PYMNTS

Last week reports said the yuan dropped to seventh place in the rankings of most-used currency in global trade. Moody’s told reporters that the decision was based on an array of factors, including a pessimistic forecast for the nation that predicts economic growth for the country to decline to 5 percent by 2020. Though the U.S.

Finance 43
article thumbnail

How Cartoons Inspired The Future Of Tech

PYMNTS

“Star Trek” the original series, also launched in the 1960s, forecast that by the early 21st century (2063) humanity would have invented faster – than – light -t ravel and moved past the limitation of scarcity with the invention of the food replicator. Did that inspire Satoshi ?