PYMNTS

JANUARY 15, 2021

It also said the bank’s Check Cashing Group admitted that it failed to file thousands of suspicious activity reports (SARs) as well as thousands of Currency Transaction Reports (CTRs) from 2008 to 2014. financial system.”.

Banking 107

Banking Compliance Currencies Financial Systems 107

Global Finance

DECEMBER 26, 2024

Modular systems and automation are revolutionizing FX risk management, enhancing visibility, agility, and adaptability. With FX risk management, adaptability is critical because every company has its own risk profile shaped by its market, currencies, and business model. Connectivity goes beyond data aggregation.

Treasury 57

Treasury Risk Management Currencies SAP 57

PYMNTS

JUNE 21, 2019

The head of Germany’s central bank warned about stablecoins, which are cryptocurrencies tied to traditional currencies, according to a report by Reuters. Jens Weidmann said that if the new currency becomes widely used, it could undermine banks. The proposed currency has been on the minds of many regulators lately.

Banking 59

Banking Currencies Financial Systems Accounting 59

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. The technology aims to mix payment rails, with companies paying their invoices via card on the Billhop platform, and Billhop paying those vendors via direct deposit to their bank account.

B2B 83

B2B Invoicing Banking Currencies 83

PYMNTS

NOVEMBER 10, 2020

Many consumers move to new countries to pursue economic opportunities, but adjusting to these locations also requires learning the ins and outs of new financial systems — a transition that can be filled with friction. How Rayo Delivers Immigrant-Focused Financial Services. Consumers who move to the U.S.

Banking 86

Banking Compliance Currencies Financial Systems 86

PYMNTS

MARCH 3, 2020

The hacking of virtual currency exchanges and related money laundering for the benefit of North Korean actors poses a grave threat to the security and integrity of the global financial system,” said U.S. but did not register with the Financial Crimes Enforcement Network (FinCEN). Attorney Timothy J.

Currencies 56

Currencies Financial Systems Securities Economics 56

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 90

Benchmarking Foreign Exchange Forecasting Economics 90

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. Industry leadership, advancements in digitalization and corporate citizenship also factored in. Throughout 2023, JPMorgan Chase raised $2.3

Banking 105

Banking Foreign Exchange Profit and Loss Finance 105

CFO Talks

JULY 4, 2024

Here are the most valuable and practical insights from their discussion: Embrace Diverse Backgrounds for CFO Roles Traditionally, CFOs have come from strong accounting backgrounds. Key Takeaway: CFOs should develop strategic plans for the integration of digital currencies into their financial systems.

CFO 52

CFO Strategic Planning Currencies Prioritization 52

Global Finance

SEPTEMBER 4, 2024

“The Meli Dolar is an open solution from Mercado Pago, which has a unique capacity to scale financial products and services for everyone,” explains André Chaves, senior vice president at Mercado Pago, the Mercado Libre subsidiary responsible for the operation.

Currencies 52

Currencies Financial Systems Leverage Startups 52

PYMNTS

MAY 15, 2019

The acquisition, Bill Sheley, head of global push payments at Visa , told Karen Webster, helps move Visa “beyond the card” and, writ large, helps the payments giant to embrace a “two-account disbursement model.” These firms and providers no longer need to go through “50 operating environments to manage currencies and local rails.

Treasury 74

Treasury B2C Financial Systems Banking 74

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 78

Banking Strategic Planning Currencies Financial Systems 78

Global Finance

SEPTEMBER 4, 2024

He also provides an update on Brazil’s innovative financial initiatives, including the development of DREX, the country’s digital currency. Ultimately, in this new scenario of desynchronized policies, one important remaining challenge is to find a path to sustainable growth with low inflation and controlled fiscal accounts.

Banking 99

Banking Economics Currencies Finance 99

PYMNTS

JUNE 2, 2020

Brooks , Acting Comptroller of the Currency, said in a series of letters that some states’ long-term efforts to curb the coronavirus could lead to reduced real estate values and debt payments. The closures, Brooks said, were seemingly “indefinite” in some states, a press release from the Office of the Comptroller of the Currency (OCC) said.

Banking 52

Banking Currencies Financial Systems Numbers 52

PYMNTS

AUGUST 16, 2016

On the United Nation’s OnlineVolunteering.org website, the agency said it is looking for volunteers to help boost the adoption of the digital currency in Africa. We are looking for two tech geeks to help with research and training two staff members on how to use digital currencies (bitcoins) for fundraising.

Currencies 46

Currencies Education Financial Systems Economics 46

PYMNTS

JANUARY 10, 2017

India isn’t only trying to fight corruption with its move to take high-denomination currency out of the system; it is aiming to get rid of plastic money by 2020. In 30 seconds flat, we’ll all be doing our transactions by using our thumb.”. The government is gearing up to link that app to Aadhar, India’s unique identification program.

Currencies 52

Currencies Financial Systems Accounting Sales 52

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

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 Some 76 percent of all transactions in the euro area are in cash, accounting for over 50 percent of the total value of all payments.

Retail 52

Retail Currencies Banking Financial Systems 52

PYMNTS

JUNE 9, 2017

When executives in the finance industry think of blockchain technology, its perception has shifted in the past few years in terms of how it could shape financial services — and therefore the economy — as a residual impact.

Financial Systems 68

Financial Systems Healthcare Technology Banking 68

Future CFO

DECEMBER 4, 2024

From earning my accounting degree to professional qualifications, pursuing an MBA (Master of Business Administration), and now working toward a DBA (Doctor of Business Administration), I’ve committed to continuous growth and applying knowledge in ways that create real impact in my work.”

Finance 98

Finance Leadership Problem Solving Benchmarking 98

PYMNTS

JULY 3, 2019

The co-creator of Facebook’s recently announced cryptocurrency, Libra , said the currency was created to help the unbanked population easily access the financial system, according to a Facebook post he wrote on Wednesday (July 3). owns and controls Calibra, it won’t see financial data from Calibra,” he wrote.

Financial Systems 43

Financial Systems Currencies Banking Financial Data 43

PYMNTS

SEPTEMBER 30, 2019

The bank accounts? Well, they’re frozen, and it doesn’t really matter, because all the accounts have been drained right down to zero. Beyond the lures of money, there are other nation-states that may want access to a financial system, but for different reasons. Go to sleep one night, and all is well.

Nonprofit 65

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.

Compliance 84

Compliance Banking Risk Management Currencies 84

CFO News Room

NOVEMBER 18, 2022

LP: You refer to this as wealth accumulation without accountability. The remaining money was leveraged into the financial system. And this was accumulated into the financial system and financial markets. NP: This goes back to the question of accountability. In what sense?

Banking 100

Banking Economics Leverage Marketing 100

PYMNTS

JUNE 3, 2019

After all, people around the globe continue to go about their daily lives without the benefits of bank accounts, payment cards or reliable access to digital payment services. For “people without disposable income, there is no rationale for them to be included in traditional financial systems,” he added.

Currencies 75

Currencies Financial Systems eCommerce Marketing 75

PYMNTS

DECEMBER 17, 2019

The Basel Committee has said in a paper that a “prudential” regulatory framework should be constructed by stakeholders in a bid to address concerns over risks to the financial system. The paper did not address the potential impacts of various countries issuing digital currency.

Financial Systems 52

Financial Systems Construction Currencies Banking 52

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. ZA Bank’s offerings include a deposit account with an interest rate of 1 percent yearly, and competitive lending. HSBC, for its part, offers 0.001 percent on savings deposits.

Banking 54

Banking Currencies Financial Systems Accounting 54

PYMNTS

FEBRUARY 14, 2017

According to a report by The Wall Street Journal , some of Bollywood’s biggest stars have been making public service announcements vowing to support the move away from cash ever since the government last year put a ban on high-denomination currency to fight corruption.

Currencies 40

Currencies Financial Systems Accounting Banking 40

PYMNTS

DECEMBER 4, 2019

We founded this company to break down barriers to our financial system,” the company said in a blog post. “As As a result, we’re seeing changes across the industry: Other brokerages have dropped their commission fees, removing a needless barrier from the financial lives of millions.”.

Education 52

Education Currencies Financial Systems Startups 52

PYMNTS

JUNE 23, 2017

The financial sector in India has been largely dominated by government-backed banks – similar to the financial system status in China – with the leading money market fund as state-owned and run by private banks such as the State Bank of India and ICICI Bank. Paytm, which is owned by One97 Communications, received a $1.4

Marketing 46

Marketing Economics Currencies Communication 46

PYMNTS

FEBRUARY 22, 2018

The deal enables Uphold to offer new digital ID/authentication capabilities and additional security solutions for Uphold members’ accounts. million partnership with former Ripple executive, Greg Kidd, to increase the company’s connectivity to financial systems. The acquisition follows Uphold’s announcement of a $57.5

Currencies 43

Currencies Financial Systems Leverage Securities 43

PYMNTS

OCTOBER 9, 2019

Crypto wallets will be considered bank accounts and will be subjected to rules like deposit insurance and cash flow. The “rules of engagement,” as the BoE calls them, shows that financial institutions are taking digital currencies like Libra seriously.

Banking 44

Banking Currencies Financial Systems Finance 44

PYMNTS

FEBRUARY 15, 2018

Bank was slapped with a $185 million civil penalty for what the Financial Crimes Enforcement Network (FinCEN), in coordination with the Office of the Comptroller of the Currency (OCC) and the U.S. The bank was charged with failing to flag suspicious activity and inadequately reporting currency transactions. “

Banking 43

Banking Currencies Treasury Financial Systems 43

PYMNTS

JANUARY 20, 2020

Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. A CBDC would be denominated in the sovereign currency, and convertible at par with other forms of money.”. The language is interesting — and noteworthy. The Rewards. And Risks.

Retail 40

Retail Currencies Banking Financial Systems 40

PYMNTS

MARCH 10, 2017

Between the price fluctuations, the speculators, the investors, the periodic hacking of the exchanges — whether you love bitcoin and think it is payments’ greatest hope, or hate bitcoin and think it’s payments’ greatest hype — no one has ever once complained that the digital currency beat is boring. Federal Reserve Jerome H.

Retail 48

Retail Currencies Financial Systems Securities 48

Barry Ritholtz

NOVEMBER 26, 2024

So, these ETFs make it easy to buy exposure to Bitcoin in a brokerage account and know that the crypto or the Bitcoin is being held by an institutional regulated custodian with insurance in place with all the bells and whistles, but they don’t have to worry about it. Moving into the traditional financial system.

Investments 59

Investments Currencies Financial Systems Marketing 59

Global Finance

OCTOBER 10, 2024

György Matolcsy: After the global financial crisis, central banks realized that monetary institutions and policy needed to be renewed. The crisis pointed out the vulnerability of the financial system; therefore, the merger of the central bank and financial supervision into one institution helped strengthen financial stability.

Economics 57

Economics Banking Concentration Currencies 57