Barry Ritholtz

FEBRUARY 17, 2025

Was finance and investing always part of the plan? And essentially decided to pivot from that original plan because it became clear to me as I got older that to really make a living as a concert pianist, you need to be the top 1% in the world. And so as the global financial markets were in a tailspin, they were actually very resilient.

Investments

CFO Dive

AUGUST 13, 2025

Jemal Countess/for TIME via Getty Images First published on Circle Internet Group has its sights set on “a big tent mentality” for its stablecoin and payments infrastructure, integrating it within a larger, rapidly expanding digital currency market, CEO Jeremy Allaire said Tuesday. dollar, to reduce their price volatility.

CFO

PYMNTS

JANUARY 6, 2021

Which meant, of course, that cash was, and still is, king — as tens of millions of people conduct daily commerce outside the confines of the traditional financial system. And they're used basically once with an ATM to withdraw" funds, said Diaz. Diaz estimated that cash still accounts for as much as 95 percent of transactions.

Banking

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). A lack of safety and soundness rules will expose the financial system to significant vulnerabilities.”.

Banking

PYMNTS

MAY 13, 2020

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.

Currencies

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

Currencies

PYMNTS

JUNE 1, 2018

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. We’re not building a new currency,” the official told Bloomberg. Other options aren’t on the table. In 2012, more than €7.3

Planning

PYMNTS

JUNE 26, 2019

Federal Reserve plans to hold Facebook ’s cryptocurrency, Libra , to high standards when it comes to consumer protection and regulation. Facebook revealed last week that it plans to launch its own digital currency next year. The international Financial Stability Board (FSB) and the U.K.’s financial system.

Planning

PYMNTS

JULY 3, 2019

The Democrats of the House Financial Services Committee have officially written the leadership of Facebook to ask them to stop the Libra cryptocurrency plan and its associated Calibra wallet plans, citing risks to security, financial stability and risks to the control the government of the United States has over monetary policy.

Planning

PYMNTS

JUNE 18, 2019

The endless speculation over Facebook ’s plans to build a new set of global payments rails and launch a global cryptocurrency comes to an end today with the official launch of Libra. And given the nature of the open source licensing protocol, potential forking by others to support global use cases that also use the Libra currency.

Currencies

PYMNTS

JULY 16, 2019

“Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs and human trafficking,” Mnuchin said, adding that he is “not comfortable today” with the social media giant’s planned launch.

Treasury

PYMNTS

OCTOBER 8, 2019

Despite the fact that Facebook’s planned cryptocurrency, Libra, has been under intense scrutiny, one crypto-futures exchange is planning for its future. In other news, Germany’s federal finance minister has sent out a warning about private currency projects like Libra. We should not leave the field to China, Russia, the U.S.

Currencies

PYMNTS

OCTOBER 23, 2018

The SBI Group plans to license Sepior ApS ’ wallet technology to use in its own wallet, which will become a part of its digital currency exchange platform, the company said in an announcement. Work remains to be done to determine how it can be set up to maximize the benefits for the whole financial system.”.

Startups

Future CFO

SEPTEMBER 2, 2024

The convergence of AI and ERP offers the potential to overcome traditional barriers to efficiency and accuracy in financial management, enabling Asian companies to compete more effectively on a global scale. These tools enable finance teams to simulate various scenarios, assess potential impacts, and develop contingency plans.

Compliance

PYMNTS

FEBRUARY 27, 2020

Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said that before they issue their own digital currencies, central banks around the world should attempt to get a better understanding of the pros and cons of the process, according to a report by Reuters. They will also confer with colleagues overseas on the topic.

Banking

PYMNTS

OCTOBER 7, 2019

Before the launch of Libra a few short months ago in June of 2019, the 28 (now 27) founding members of the Libra Association committed nothing more than to show up at a meeting to hear more about Libra’s plans at some point in the future. These are the same 1.5 billion people that Libra said at launch it intended to help.

Currencies

PYMNTS

JULY 13, 2020

The nation’s banks hoping to use COVID-19 as an excuse to shutter branches or get permanent concessions from regulators better think again, the Financial Times reported. Brian Brooks , Acting Comptroller of the Currency, an independent agency within the U.S. Brooks told U.S.

Banking

PYMNTS

NOVEMBER 28, 2019

Robinhood has announced that it giving up on its plans to become a federally insured bank. The stock-trading startup is voluntarily pulling its bank charter application with the Office of the Comptroller of the Currency, which was submitted earlier this year.

Banking

PYMNTS

SEPTEMBER 16, 2016

Smith went on in his speech to say that the lessons learned from the Bitfinex hack have improved the digital currency environment. Perhaps, with a few more $60 million learning opportunities, bitcoin should be well on its way to an established, viable currency. With time, the fundamentals surrounding the bitcoin market improved.

Currencies

PYMNTS

AUGUST 18, 2019

During an upcoming visit to Switzerland , American lawmakers plan to discuss Facebook’s proposed cryptocurrency, Libra. Waters has been a vocal critic of the social media giant’s plans for its own digital currency. He said Libra’s associated Calibra wallet plans will be regulated by the U.S.

Currencies

PYMNTS

JULY 1, 2020

The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how the coronavirus is impacting compliance by financial institutions (FIs). As noted in this space last month, Brian Brooks, acting Comptroller of the Currency, said in letters to the National League of Cities, U.S.

Compliance

PYMNTS

JUNE 30, 2020

The Bank for International Settlements ( BIS ) Innovation Hub is planning on adding four new locations in Europe and North America, according to a press release. BIS General Manager Agustín Carstens called the move “an investment in the future of central banking and the financial system.”.

Currencies

PYMNTS

AUGUST 26, 2019

House Financial Services Committee Chair Maxine Waters met with government officials in Switzerland about Libra, and said she remained concerned about the viability of the currency, according to a report by Reuters. Facebook, which announced the currency in June, wants to get regulators on board with Libra so that it can move forward.

Currencies

Global Finance

OCTOBER 10, 2024

Azerbaijan Taleh Kazimov: B+ Central bank Governor Taleh Kazimov, in office since 2022, had a boost in July when Fitch Ratings upgraded Azerbaijan’s long-term foreign currency issuer default rating to BBB- from BB+ with a stable outlook. Bangladesh has suffered years of financial system dysfunctionality.

Benchmarking

PYMNTS

MAY 2, 2019

He noted that “new finance can unlock more sustainable and inclusive growth, provide consumers greater choice, [provide small business (SMB)] access to credit to grow — all of which ensures the financial system can become more resilient,” according to the publication. Also in the U.K.,

Banking

PYMNTS

OCTOBER 14, 2016

SegWit, or Segregated Witness, is a planned soft fork that will change how transactions are stored by the network. Let’s talk about weight, the weight of a transaction, the weight of a block, the externalities it puts on the system. ” For many, block size is no longer the way to increase the network’s capacity.

Currencies

CFO Talks

JULY 4, 2024

Key Takeaway: Companies should consider candidates from diverse professional backgrounds for CFO roles to bring a holistic approach to financial leadership, encompassing not just accounting, but also operations, IT, HR, and strategic development.

CFO

PYMNTS

APRIL 9, 2020

Although SWIFT revealed plans for its account-to-account functionality last month, the announcement only began making headlines a few days ago. Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. Billhop Eases B2B Card Acceptance. and Sweden, it noted.

B2B

PYMNTS

JUNE 25, 2019

The House Financial Services Committee has scheduled hearings about the proposed merger between BB&T and SunTrust Banks, as well as the Facebook-planned cryptocurrency Libra. financial system. Committee Chairwoman Maxine Waters, D-Calif., has already called for a moratorium on the crypto.

Currencies

Global Finance

OCTOBER 11, 2024

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. Many corporates have limited experience dealing with uncertainty, especially when combined with very high interest rates, and are unsure how to plan or adjust,” says Monaco.

Banking

PYMNTS

SEPTEMBER 10, 2019

The Paris-based Financial Action Task Force (FATF), an organization which acts as the standard-setter for anti-money laundering (AML) standards around the globe, said it is closely watching the development of Facebook ’s planned cryptocurrency, Libra , according to a report by Reuters. A senior U.S.

Finance

PYMNTS

OCTOBER 18, 2019

The Financial Action Task Force (FATF) said it is worried about “ stablecoins ,” like Facebook’s Libra , and how they could be used for illicit purposes. Facebook said Libra could help financial systems in developing countries, and give access to the unbanked population in those countries. Libra is planned for a 2020 release.

Currencies

PYMNTS

MAY 11, 2020

Speaking at a virtual conference about the future of money, European Central Bank (ECB) executive board member Yves Mersch said a retail central bank digital currency (CBDC) is a game-changer. “A Mersch pointed out that central banks are focused on wholesale CBDCs because retail could rattle the entire global financial system.

Retail

PYMNTS

OCTOBER 5, 2020

The House committee held a hearing on the concept after Acting Comptroller of the Currency Brian Brooks put forward the concept of a new special purpose banking charter for payments firms. The banking industry, however, is against the idea. “We European Commission To Appeal Apple State Aid Decision. 25 statement.

Banking

PYMNTS

MARCH 24, 2020

In 2019, Hong Kong issued about eight digital banking licenses to companies like Ant Financial, and a team-up of Tencent and Standard Chartered. Other countries plan to follow Hong Kong’s lead and issue banking licenses of their own, including Taiwan, Malaysia and Singapore.

Banking

Global Finance

OCTOBER 10, 2024

György Matolcsy, governor of Hungary’s central bank (Magyar Nemzeti Bank), reflects on his second term and speaks about plans to potentially join the euro. György Matolcsy: After the global financial crisis, central banks realized that monetary institutions and policy needed to be renewed. What is the status of these plans now?

Economics

PYMNTS

JUNE 17, 2019

Regulators say cyberattacks could cause havoc to financial systems, crashing payment systems, exposing confidential customer data and generally posing a threat to the banking industry, which relies much more heavily on data than it used to. Cybersecurity regulators want a similar approach. “At

Banking