PYMNTS

AUGUST 14, 2019

Cooperation in an environment that is rapidly advancing on many technological fronts was the theme when FinCEN Director Kenneth A. When it came to technology, Blanco was specifically interested in – and concerned about – two main areas. Mobile Gaming And Digital Currency . million.

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Compliance Currencies Financial Systems Budgeting 65

PYMNTS

APRIL 9, 2020

Below, PYMNTS looks at some of the other payments and financial technology companies that are either innovating on top of existing rails or looking to bypass those legacy networks altogether with entirely new solutions. Sila Raises Funding to Nix ACH. Billhop Eases B2B Card Acceptance. The company has rolled out its service in the U.K.

B2B 83

B2B Invoicing Currencies Banking 83

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. Secure, scalabale integration … that old thing. Cabs With Crypto.

Currencies 77

Currencies Concentration Securities Banking 77

PYMNTS

JUNE 9, 2017

With eCommerce transactions moving at the speed of light, the ability to have transparency between parties is likely crucial to preventing security breaches. The study, one of many on the blockchain topic, also showed that the technology could potentially assist businesses and governments manage the incoming influx of IoT data.

Financial Systems 68

Financial Systems Healthcare Technology Banking 68

PYMNTS

JANUARY 22, 2020

Sabre Vice President of Product Management Becky French discussed this strategy with PYMNTS in a recent Masterclass video , noting that this collaboration has already yielded stronger cash flow and financial management practices for joint clients. NY Labor Department Secures Payroll Card Win. NatWest Bolsters SMB Loans With Cards.

B2B 52

B2B Currencies Securities Education 52

PYMNTS

SEPTEMBER 30, 2019

Beyond the lures of money, there are other nation-states that may want access to a financial system, but for different reasons. wields a great deal of influence, especially in the international monetary system. Our currency is the world’s reserve currency,” said Visner, “and the U.S. The Corrosion Of Power.

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Nonprofit Currencies Financial Systems Securities 65

VCFO

AUGUST 16, 2023

Money Laundering Prevalence and Practices When bad actors possess large sums of cash that they want to place into the financial system without raising flags, money laundering techniques such as “structuring” are used. As a result, they’re also more susceptible to impacts like those described above.

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Compliance Banking Risk Management Currencies 87

PYMNTS

FEBRUARY 22, 2018

In a move to strengthen its digital money platform with secure payment applications, Uphold has acquired Cortex MCP. Cortex’s mobile-centric, closed-loop payment and secure tokenization solutions provide industry-leading technologies and security to our platform,” Uphold COO William Dennings said in the announcement.

Currencies 43

Currencies Financial Systems Leverage Securities 43

PYMNTS

JUNE 1, 2018

We’re not building a new currency,” the official told Bloomberg. 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

Planning 49

Planning Currencies Financial Systems Banking 49

PYMNTS

SEPTEMBER 28, 2016

Earlier this week, blockchain arrived on Capitol Hill by way of the formation of the Congressional Blockchain Caucus focused on examining and educating lawmakers on the payments technology and issues associated with the digital currency. can continue to secure its stance as the global leader of ingenuity.”. Mick Mulvaney (R-SC).

Startups 74

Startups Currencies Education Banking 74

PYMNTS

JUNE 25, 2019

financial system. The Senate Banking Committee will hold its own hearing on the social media giant’s digital currency, called Libra, the day before. to examine the impact of the proposed merger between BB&T and SunTrust banks to form Truist Financial. Committee Chairwoman Maxine Waters, D-Calif.,

Currencies 66

Currencies Financial Systems Banking Planning 66

PYMNTS

NOVEMBER 7, 2019

Hong Kong’s chief securities regulator is calling on the world regulators to get on the same page when it comes to Facebook’s Libra to avoid the “real risk of regulatory arbitrage.”. “If In 2018, the crypto world was seen to be of marginal importance to the global financial system.

Currencies 40

Currencies Financial Systems Securities Investments 40

CFO News Room

JANUARY 18, 2023

financial system, has been used mainly in the past against banks and other financial institutions and in most cases has forced the institution to close. This type of action, a rarely used so-called death-knell sanction that cuts off the entity from the U.S. Lisa Monaco. said Wednesday. Deputy Treasury Secretary. Wally Adeyemo.

Treasury 100

Treasury Compliance Financial Systems Finance 100

PYMNTS

JULY 19, 2019

Sentbe has done billions of local transactions, and MoneyGram says the company lines up with its own goal of giving customers a broad range of options when it comes to digital currency transfers. . Sentbe, which is based in South Korea, wants to improve cross-border person-to-person money transfers by using new technology.

Currencies 53

Currencies Financial Systems Numbers Securities 53

PYMNTS

OCTOBER 14, 2016

This rogue group also voiced fears that bitcoin’s strong position in the market could be usurped by an alternative digital currency. Governments the world over are struggling with bitcoin and blockchain; regulatory frameworks for conventional financial systems are not applicable to digital currencies. But until then….

Currencies 77

Currencies Banking Financial Systems Technology 77

PYMNTS

MARCH 10, 2017

That’s bad news for commercial mortgage-backed securities tied to real estate, where loan viability and payments visibility remains in doubt if rent is not there to cover interest payments or if no tenants are left to pay said rent. We made a qualified statement on bricks and mortar, the Amazon way, in the Sizzles section.

Retail 48

Retail Currencies Financial Systems Securities 48

PYMNTS

JUNE 30, 2017

Things that run the gamut from being more or less variations on existing database technologies to things that are really sci-fi and exciting but very different than anything that is out there right now,” he explained. Also important, he added, is resisting the tendency to attempt to boil the ocean in response to an emerging technology form.

B2B 77

B2B Currencies Banking Leverage 77

PYMNTS

JUNE 18, 2019

Yet, as scoutbee Founder and Managing Director Lee Galbraith explained in a recent interview with PYMNTS, product quality and prices are only the tip of the iceberg when it comes to strategic vendor sourcing, and what it means for corporate security, digital transformation journeys and bottom lines. ”

Compliance 50

Compliance Securities Invoicing Currencies 50

PYMNTS

MARCH 2, 2018

Why steal bitcoin when you can steal the technology that enables one to make more of it? ” A judge at the Reykjanes District Court on Friday ordered two people to remain in custody; one of those swept up in the arrests was a security guard. As for the computers themselves, they have not been found and are worth around $2 million.

Financial Systems 44

Financial Systems Currencies Economics Securities 44

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. Noreika, acting Comptroller of the Currency, in a statement. Today, the federal banking system remains healthy,” he continued. “As

Banking 46

Banking Compliance Currencies Concentration 46

PYMNTS

AUGUST 3, 2018

financial system around a set of core principles, offered guidance and recommendations that have long bounced around the FinTech space, and which no doubt already command the support of many executives. FinTech Improvements. The report , released in support of President Trump’s call to regulate the U.S. Re-examining Tradeoffs.

Treasury 46

Treasury Securities Currencies Financial Systems 46

PYMNTS

JUNE 5, 2018

According to reports in CoinDesk , care of a Chinese government official, China’s central bank has completed its work on a blockchain-based system for digitizing checks issued domestically by businesses. If it gets used as security as part of a loan, that is also visible in its history recorded by the blockchain. ”

Currencies 44

Currencies Financial Systems Leverage Banking 44

PYMNTS

AUGUST 1, 2018

financial system improve the ability of small businesses (SMBs) to get financing, driven in part by a decline in startup formation in recent decades. She said the “pragmatic recommendations” included in the report would make the financial system work better for entrepreneurs, no matter their business size or geographic location.

Financial Systems 40

Financial Systems Finance Economics Treasury 40

PYMNTS

SEPTEMBER 22, 2016

As digital currencies, like bitcoin, expand their reach and more people pay using their smartphone, there are concerns that the U.S. Definitely for it,” said Siddhartha Sharma, chief technology officer at Hedgeable. The FinTech industry is undoubtedly a competitive one — never mind the cross-country rivalry. To make sure the U.S.

Treasury 77

Treasury Education Currencies Financial Systems 77

PYMNTS

APRIL 29, 2016

It announced an investment in Digital Currency Group, a bitcoin/blockchain startup-focused investment firm, which includes former Treasury Secretary Larry Summers, who is serving as an advisor and also put money up. I am someone who believes in the capacity of technology to take out friction,” Summers told The Wall Street Journal.

Currencies 42

Currencies Auditing Finance Economics 42

PYMNTS

DECEMBER 30, 2020

Massachusetts securities regulators recently sued the company , alleging that it exposes investors to “unnecessary trading risks” and prompts inexperienced investors to trade frequently through the “gamification” of stock-market investing. Robinhood denied the charges, but recently agreed to pay $65 million to settle U.S.

Marketing 79

Marketing Valuation B2B Currencies 79

PYMNTS

JANUARY 17, 2018

After all, crime is committed not just with guns, but also with currency, with funding from far-flung sources. That’s especially important when the technology in place to “follow the money” is not agile or robust enough to pinpoint suspicious activity. Regulation and technology must go hand in hand to combat the bad guys.

Currencies 41

Currencies Banking Technology Financial Systems 41

PYMNTS

OCTOBER 10, 2016

Also netting praise was the quick-charging technology that allows the phones to run for over seven hours on 15 minutes of charge (though the loss of wireless charging was bemoaned) and the 12.3-megapixel megapixel camera. The most lauded upgrade, however, was Google Assistant, available with a long press of the on-screen home button.

Currencies 60

Currencies Advertising Banking Compliance 60

PYMNTS

NOVEMBER 13, 2017

This is the second big bug that has plagued Parity in less than a year – at least that’s been discovered – and is serious enough to pose a threat to Ethereum, the currency it supports. So far, with this latest bug, a large amount of Ethereum’s digital currency is at risk, with estimates approaching as much as $150 million.

Currencies 43

Currencies Financial Systems Banking Securities 43

PYMNTS

APRIL 30, 2018

with supporting use cases mostly related to financial services and cross-border settlement, for a grand total of $242 million in 2018. trillion; on security-related hardware, software and services at 10 percent a year from a 2018 base of $91.4 Most of that spend will be concentrated in the U.S., billion growing to $120.7 And to learn.

Banking 73

Banking Investments Concentration Accounting 73

CFO News Room

NOVEMBER 18, 2022

The remaining money was leveraged into the financial system. And this was accumulated into the financial system and financial markets. They’re not necessarily the same thing, though they do share commonalities in that Bitcoin, for example, was created off of blockchain technology, which has been around for decades.

Banking 100

Banking Economics Leverage Currencies 100

PYMNTS

MARCH 14, 2016

Well, it is “an innovative new payment platform created to transform the payments industry by drastically altering the economics through Internet-based technology, generating significant consumer benefits.” It’s secure, it’s cheap, it’s faster than a speeding bullet. Is it one those amazing blockchain things?

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Startups Economics Math Securities 43

PYMNTS

SEPTEMBER 21, 2020

The reality of the global financial system is that there will always be attempts to launder money and evade sanctions; the responsibility of banks is to build effective screening and monitoring systems, and we work closely with regulators and law enforcement to bring perpetrators to justice.”.

Banking 139

Banking Leverage Compliance Currencies 139

PYMNTS

MAY 15, 2017

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. Bitcoin is a fascinating technology on the merits. That means bitcoin.

Math 62

Math Currencies Startups Concentration 62

Spreadym

MAY 15, 2023

Spreadym works as a corporate performance management system, so users can easily handle plan vs. actual analysis, what-if analysis or model several scenarios for future cash flow. Read more here about the advantages of using EPM and CPM systems among the traditional Excel based templates.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Financial Modeling 52

PYMNTS

FEBRUARY 19, 2020

Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said in a press release. . We will continue to bring the expertise of FIUs together to discuss emerging threats, to share effective techniques, and to join forces for our national security.” . The Sunday (Feb. FinCEN Director Kenneth A.

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Treasury Financial Systems Securities Finance 60

Barry Ritholtz

NOVEMBER 8, 2022

Railways were this revolutionary technology that was going to change the world, going to change civilization, the speed with which people — roughly at the same time, remember Mary Meeker of Morgan Stanley — RITHOLTZ: Sure. CHANCELLOR: They’re buying them to manipulate the currency of China, most of all.

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Valuation Finance Investments Banking 56