CFO News Room

JANUARY 18, 2023

Weeks before cryptocurrency exchange FTX filed for bankruptcy , dozens of young Nigerians in skintight dresses and brightly colored suits shimmied under limbo bars, posed for photos in front of the company’s logo and sipped expensive liquor at a swanky beachfront venue.

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PYMNTS

JUNE 24, 2020

The Australian Securities & Investment Commission (ASIC) has reported an increase in the volume of investment scam reports by investors and consumers in Australia amid the pandemic, according to a press release.

Currencies 67

Currencies Banking Investments Economics 67

PYMNTS

JULY 10, 2019

In its second known investment in a cryptocurrency startup, Visa has reportedly invested millions in the crypto storage company Anchorage. The payments firm co-led the funding round along with digital currency-focused venture capital firm Blockchain Capital, Fortune reported.

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Investments Currencies Nonprofit Startups 63

PYMNTS

OCTOBER 29, 2020

The Bank of Canada is progressing in its plans for a national digital currency, moving past proof of concepts to “executable” plans, according to Reuters. Currencies move across borders, and so we certainly wouldn’t want to be surprised by some other country,” he said in the report. percent fee tacked on to all purchases.

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Currencies Banking Planning Investments 63

PYMNTS

JULY 10, 2020

Stablecoins, the virtual currencies which seek price stability, could be the next target for money laundering and terrorist financing, a report found. The group said it was worried that the potential widespread adoption of stablecoins would be outside regulatory agencies and make it easier for criminals to break the law with the currency. “If

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Currencies Benchmarking Finance Economics 56

PYMNTS

NOVEMBER 21, 2017

20) that it secured equity investment from Allied Irish Banks. In an announcement emailed to PYMNTS, TransferMate said it received more than $35 million, with the investment seeing Allied Irish Banks (AIB) taking a minority stake in the company as a result.

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CFO News

FEBRUARY 9, 2024

Unlike direct purchase of cryptos, investing in an ETF is subscribing to units or securities issued by a regulated fund a feature that most think is a kosher trade.

Currencies 52

Currencies Investments Securities Banking 52

PYMNTS

NOVEMBER 3, 2019

FinTech company SPEZA announced that it will be able to accept China’s Digital Currency Electronic Payment (DCEP), the world’s first sovereign digital currency. The digital asset solutions provider, exchange operator and regulator, based in Malaysia, will also accept all major digital assets listed on SPEZA Digital Asset Exchange.

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Currencies Economics Banking Technology 40

PYMNTS

NOVEMBER 7, 2019

We wanted to change the way people think about trading and investing, ultimately reducing dependency on traditional financial institutions and making trading and investing more transparent and fun. When we started eToro our goal was to disrupt the world of trading.

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Currencies Securities Banking Investments 40

PYMNTS

APRIL 6, 2020

The plaintiffs, who are investors with the companies, allege the companies sold unregistered securities that totaled in the billions, according to published reports. The individual, a previous staffer at another financial services firm, and a certified general surgeon made a scheme seemingly as a way to join funds to trade digital currencies.

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Currencies Banking Securities Investments 52

PYMNTS

OCTOBER 14, 2020

Alternatively, an investor could trade sizable amounts of investments on a usual basis, have more than two years of experience at a financial organization or hold over $74,400 in securities to meet the requirement. As it stands, Russia has ratified legislation regarding digital securities issuance.

Investments 56

Investments Retail Currencies Treasury 56

PYMNTS

JUNE 27, 2018

Digital money platform Uphold announced that it has reached an agreement to acquire New York Stock Exchange member JNK Securities Corp. Uphold is the creator of an open, transparent digital money platform that allows users to quickly and safely access traditional currencies, cryptocurrencies and other investments in one place.

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Securities Currencies Compliance Sales 43

PYMNTS

DECEMBER 23, 2020

News came this week that the United States Securities and Exchange Commission has filed suit against Ripple over its XRP cryptocurrency. billion unregistered securities offering, and named CEO Brad Garlinghouse and Co-Founder Chris Larsen in the suit. Non-Investment Use? . “No The SEC has charged that Ripple held a $1.3

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Currencies Securities Investments Sales 93

CFO News Room

FEBRUARY 2, 2022

We specifically mentioned three cryptocurrencies in this article, but there are actually more than 10,000 coins in the crypto world, so it’s important to categorize the coins before making investment decisions. By knowing the top trends and investment opportunities, you can incorporate exposure to digital assets into your portfolio.

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Concentration Investments Securities Currencies 130

PYMNTS

MARCH 23, 2020

Both Kik and the Securities and Exchange Commission (SEC) are seeking a quick end to their legal dispute, CoinDesk reported. It contended that it had not had an unregistered securities sale as of the beginning of 2018 when the SEC first acted. securities rules. Kik contended in its summary judgment motion that it followed U.S.

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Sales Investments Currencies Securities 52

PYMNTS

NOVEMBER 26, 2019

Payments company Ripple has invested $50 million in MoneyGram , according to reports. Securities and Exchange Commission (SEC), Ripple made its final payment on the deal with $20 million in equity at $4.10 Partnerships with companies like Ripple support innovation and allow us to invest in creating better customer experiences.

Investments 57

Investments Currencies Securities Technology 57

PYMNTS

JUNE 19, 2018

Federal employees must now report any crypto investments on their financial disclosure statements. According to The Washington Post , virtual currencies will also be covered by conflict of interest laws, the United States Office of Government Ethics announced on Monday (June 18).

Investments 40

Investments Currencies Securities Sales 40

Future CFO

DECEMBER 7, 2023

This involves a meticulous evaluation of investment vulnerabilities and supply chain dependencies on the Chinese market. Strategic Diversification : Reducing reliance on China through diversification of investments and supply chains is a prudent step. Regulatory Vigilance : Staying updated with China’s regulatory landscape is vital.

Economics 52

Economics Currencies Communication Risk Management 52

CFO News Room

FEBRUARY 3, 2022

Budget 2022’s announcements on manufacturing, sustainability, electronics, digital currency, innovation and startups with technology as the cornerstone are expected to give a fillip to the tech industry. Overall LTCG on unlisted securities is now 23.92%, as opposed to 28.5% By Srinath Srinivasan. This is a Digital India budget.

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Budgeting Startups Currencies Manufacturing 130

PYMNTS

JANUARY 29, 2019

Much of that spend (nearly one-third, by Gartner accounts), will go toward investment in consulting and implementation services as companies seek guidance for changing cybersecurity regulations like GDPR in Europe. Less than half of IT professionals in the U.S.

Investments 59

Investments Compliance Education Benchmarking 59

PYMNTS

OCTOBER 8, 2019

If that doesn’t happen, investors will not receive anything, and will also lose their initial investment. In other news, Germany’s federal finance minister has sent out a warning about private currency projects like Libra. The political backlash has been brutal, and it’s anyone’s guess if Facebook will get this over the line.”.

Currencies 40

Currencies Finance Financial Systems Securities 40

PYMNTS

NOVEMBER 11, 2019

The company’s blockchain chief Yige Cai revealed last week that the Hong Kong Securities and Futures Commission (SFC) has approved a new license, and that the company is setting up a team to support the platform. In other news, the Queen of England isn’t a fan of a crypto — at least as a currency.

Currencies 43

Currencies Banking Planning Finance 43

PYMNTS

MAY 19, 2017

WannaCry’s explosive impact on the industry has enterprise security on everyone’s mind, and this startup is now a unicorn because of that attention, closing $100 million in Series D financing. Find out which startup landed the cash, along with the other B2B startups that saw their share of investments this week, below. secured $10.3

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B2B Investments B2C Cash Management 61

PYMNTS

JULY 27, 2017

Security in the digital age is a goal for most retailers and consumers — and nearly everyone else in the business world. When it comes to personal information, especially data linked to payment accounts, the level of privacy and accuracy of security are key in keeping the retail world spinning. Although most U.S. In other U.S.

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Securities Currencies Retail Financial Data 49

PYMNTS

SEPTEMBER 30, 2016

You don’t have to look far to see security flaws leading to massive data breaches. Security experts believe that may be what happened to Yahoo — the tech giant confirmed that over 500 million user accounts were compromised by hackers, marking what is said to be the largest data breach in U.S.

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Securities Currencies Accounting Numbers 76

PYMNTS

OCTOBER 14, 2020

This is the beginning of the adoption phase,” Ehrlich said, “as regulation legitimizes crypto assets, and yields remain ahead of traditional investment products.”. It’s a problem, Ehrlich predicts, that will see more companies taking action to hedge against the long-term effect on the dollar and other core currency holdings.

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Treasury Currencies Benchmarking Cash Management 129

PYMNTS

JANUARY 7, 2021

He added that a lot of new people jumped in to invest, worried they could be missing a good opportunity to “make easy, quick gain from the latest bull run.”. Morgan forecasting that the currency could reach $146,000 in the long run. Some bitcoin bulls have called bitcoin “digital gold,” CNBC said, with J.P.

Marketing 132

Marketing Forecasting Investments Currencies 132

PYMNTS

NOVEMBER 4, 2020

The Department of Justice (DOJ) has seized $24 million in virtual currency on behalf of the Brazilian government, according to a press release. They told investors the money would be going toward investments in virtual currencies.

Currencies 93

Currencies Investments Securities Banking 93

PYMNTS

OCTOBER 15, 2020

It will function as a “gathering place” for those interested in digital currencies or those who start businesses in addition to researchers, expats and digital nomads. Meanwhile, the federal government is Nigeria is said to be creating a framework to allow for countrywide digital currency adoption, CoinDesk reported.

Currencies 119

Currencies Communication Securities Investments 119

PYMNTS

JULY 25, 2018

Banco Santander was able to offset emerging market currency volatility and a slowdown in U.K. Quarterly earnings results came in just a few days after Santander announced it created a digital investment unit that will be headed by John Whelan, who is currently in charge of the bank’s blockchain unit.

Currencies 40

Currencies Marketing Restructuring Banking 40

PYMNTS

OCTOBER 7, 2020

SWIFT’s [Society for Worldwide Interbank Financial Telecommunication] new service offers the possibility of borderless low-cost account-to-account currency transfers from the bank’s own app or portal, and Oracle Banking Payments’ readiness makes this transition easy and fast for SMEs.”. The subsidiary of Oracle Corp.

Currencies 145

Currencies Banking Accounting Securities 145

Future CFO

JUNE 6, 2023

Emerging financial fault lines in Asia Pacific may induce sovereigns, central banks and companies in the region to diversify the currencies in which they raise funds, invest their reserves or invoice merchandise trade, said Moody’s recently.

Currencies 52

Currencies Invoicing Finance Banking 52

PYMNTS

MAY 18, 2018

B2B startups in the small business banking, expense management and analytics sectors led this week’s investment roundup, securing more than half of the $108 million raised. But it’s a startup in Africa that not only secured the largest investment round of the week, but set a new record in the process, raising $47.5

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B2B Investments Startups Reconciliations 53

PYMNTS

OCTOBER 9, 2020

Justice Department report is taking aim at the “emerging threats and enforcement challenges” associated with digital currencies, establishing a “Cryptocurrency Enforcement Framework” to address problems. For instance, a Singapore exchange faced a $200 million security breach. For instance, a new U.S. In unveiling the report , U.S.

Currencies 82

Currencies Securities Education Technology 82

PYMNTS

APRIL 9, 2019

In other news, Facebook reportedly wants to raise as much as $1 billion in investments for its stablecoin project. “Update on Facebook’s cryptocurrency: Sources tell me that Facebook is now looking to get VC firms to invest in the Facebook cryptocurrency project we reported on earlier this year.

Securities 48

Securities Currencies Startups Investments 48

PYMNTS

NOVEMBER 1, 2020

were exploring ways to adopt crypto after the Office of the Comptroller of the Currency (OCC) made a decision over the summer letting banks provide custody of crypto. Crypto trading platform INX is moving ahead with its acquisition of digital securities trading firm Openfinance , a company blog post states. Well, what I have heard.a

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Banking Currencies Securities Numbers 84

PYMNTS

OCTOBER 30, 2019

Recent filings show that China’s central bank will use its new verification system — the Certification of FinTech Products — on all of the products that could be used in digital payment technologies, including point-of-sale mobile terminals, embedded application software, user front-end software and security carriers and chips.

Securities 40

Securities Banking Currencies Technology 40