Remove tag globally systemic banks
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10 Weekend Reads

Barry Ritholtz

The creator economy, as it’s known, is now a global industry valued at $250 billion, with tens of millions of workers, hundreds of millions of customers and its own trade association and work-credentialing programs. But Adidas had been tolerating his misconduct behind the scenes for nearly a decade. ( But do they work?

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Deep Dive: Accelerating Cross-Border Payments With Cloud Technology

PYMNTS

These challenges are only exacerbated when payments move across international borders, usually accomplished via correspondence banking. Banks are typically required to establish direct links with financial institutions (FIs) in other nations to make or receive cross-border payments.

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Brighterion CEO: How AI Can Stop Criminals Who Win By Gaming Banking Rules

PYMNTS

Despite receiving multiple warnings from various sources over the years, she noted in her Monday Conversation with Akli Adjaoute, founder and CEO of Brighterion , that Danske Bank’s Estonian money laundering issue carried on for eight years before journalists exposed the story and forced the bank to act. Webster wondered.

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TRENDING: Inside Hong Kong’s New Faster Payment System

PYMNTS

Last year, only 25 real-time payment systems were operational worldwide — that number is growing rapidly. Demand is also heating up for real-time gross settlement (RTGS) systems. Countries like Norway and Sweden already have systems in place, and Denmark recently joined the club, with Iceland soon to follow. Even as the U.S.

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Digital Fraud Is An Inside Job

PYMNTS

The new decade rises on a vast network of internet lawbreakers, from global syndicates to lone wolf hackers, some armed with military-grade means for cyber intrusion. Card-not-present theft — like when rideshare charges from a city you’ve never visited appear in your banking app — is traumatic enough for the typical person.

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Amex Inadvertently Confirms Ripple Blockchain Platform Plans

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New data from Greenwich Associates put a price tag on that effort: According to Bloomberg reports Tuesday (June 12), the financial services market spends an estimated $1.7 billion dollars every year on blockchain as banks and other companies emerge from proof-of-concept stage into market launches and commercial products.

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ToneTag CEO Sounds Off On Payments At The Speed Of Sound

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FinTech firm ToneTag said earlier this month that it has linked with First Abu Dhabi Bank, the largest bank in the United Arab Emirates (UAE). Through the partnership between ToneTag and First Abu Dhabi Bank, customers of the bank are able to pay using their PayIt app and make the payments from their mobile phone.