PYMNTS

OCTOBER 1, 2018

31, 2018, will mark the 10th anniversary of the day that a link to a paper , authored by Satoshi Nakamoto , describing the digital currency called bitcoin was first publicly circulated. Ten years after bitcoin launched, it remains the go-to currency of criminals and a way for cybercrooks to wash their money. The end of this month, Oct.

Currencies 85

Currencies Concentration Financial Systems Leverage 85

PYMNTS

JULY 16, 2019

Mnuchin added that the Treasury has informed Facebook, as well as other cryptocurrency users, that they need to implement the same anti-money-laundering and counter-terrorism safeguards as other financial institutions. He added that the crypto is not intended to compete with principal currencies and won’t interfere with monetary policy.

Treasury 75

Treasury Securities Currencies Financial Systems 75

PYMNTS

MAY 15, 2019

These firms and providers no longer need to go through “50 operating environments to manage currencies and local rails. … We can be the network of networks with interconnection between all of the financial systems across the globe,” Sheley said. . That’s B2B Connect,” he said. That’s what we are driving [toward].

Treasury 74

Treasury B2C Financial Systems Banking 74

PYMNTS

SEPTEMBER 14, 2017

By some accounts, the value of cross-border B2B payments could reach $3.68 Many merchants understand cross-border trade ventures come with risks, especially when dealing with partners in other countries that use different currencies and languages and conduct business using their own preferred financial systems.

Education 76

Education Healthcare Currencies B2B 76

PYMNTS

JANUARY 22, 2020

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. According to the announcement, nearly 60 percent of the UAE workforce does not participate in the country’s traditional financial system.

B2B 52

B2B Currencies Securities Invoicing 52

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

PYMNTS

MARCH 29, 2016

While fintech innovators have instead turned towards the underlying technology of the cryptocurrency – blockchain and other distributed ledgers – bitcoin as its own currency is unlikely to take off like some once thought it would. At its core, the payments are much faster than what you can achieve through the banking system,” Chester claimed.

Currencies 41

Currencies B2B Invoicing Technology 41

PYMNTS

JANUARY 10, 2020

Are Virtual Cards The Future Of B2B Travel Payments? When Sabre and Visa announced a new partnership in April to pair Visa virtual commercial cards with the Sabre Virtual Payments gateway , the goals were fairly big: create a virtual B2B travel payments solution that was faster, more secure and more transparent for buyers and suppliers.

Healthcare 52

Healthcare B2B Startups Risk Management 52

PYMNTS

OCTOBER 19, 2016

Their investment strategies are also impacted by the issue of currency risks and inflation, both cited by about a fifth of survey respondents as a top macroeconomic concern. Low and negative interest rates have especially motivated these money managers to renew their investment strategies, the report noted.

Treasury 70

Treasury Economics Prioritization Leadership 70

PYMNTS

JULY 16, 2019

sanctions against Venezuela have largely isolated the troubled nation from the global financial system, while also damaging financing. And Venezuela’s President Nicolas Maduro recently ordered the Bank of Venezuela to allow customers to access the digital currency. “I

Treasury 55

Treasury Currencies Financial Systems Finance 55

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

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JULY 18, 2017

Office of the Comptroller of the Currency aimed to clarify KYC rules for banks in an effort to encourage cross-border activity. Analysts said it could signal clarification from regulators that banks are not responsible for their customers’ customers.

Compliance 40

Compliance Currencies Financial Systems Banking 40

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JANUARY 15, 2019

central bank, is getting a bit worried about sharing some of the financial infrastructure with tech upstarts such as OnDeck Capital and Kabbage , a sense of caution that the newswire said puts the bank “at odds with other regulators looking to bring [those firms] into the fold.”. Reuters reported early Monday (Jan.

Risk Management 59

Risk Management Banking Currencies Financial Systems 59

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SEPTEMBER 6, 2019

However, the digital currency does have some roadblocks ahead. Two years ago Colombia’s central bank, Banco de la República, ruled that crypto is not legal tender, while the Superintendencia Financiera said financial institutions cannot invest, broker, or manage virtual currencies. And Paxos Trust Co. And Paxos Trust Co.

Currencies 41

Currencies Financial Systems Leverage Investments 41

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Banking 56

Banking Currencies Technology Financial Systems 56

PYMNTS

NOVEMBER 28, 2016

Demonetization in India has financial institutions operating at full speed to exchange out discontinued bank notes but with some unexpectedly pleasant consequences. banks, meanwhile, have risen in financial stability regulators’ ranks for how much of a risk they pose to the global financial system should they fail.

Banking 46

Banking Concentration Financial Systems Investments 46

PYMNTS

FEBRUARY 19, 2019

The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said. That may be good news for banks, but some policymakers are concerned that industry consolidation is reducing access to financial services in rural areas.

Mergers and Acquisitions (M&A) 43

Mergers and Acquisitions (M&A) Banking Marketing Transportation 43

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JUNE 18, 2019

. “Data is scattered across supplier-relationship applications, ERP systems, financial systems and into production,” he explained. “This fragmented view prevents procurement [professionals] from being strategic in the way[s] they manage their portfolio[s], and the sourcing of suppliers.”

Compliance 50

Compliance Securities Invoicing Currencies 50

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MAY 31, 2016

Analysis from Marketforce, business applications firm Pegasystems and information technology company Cognizant was published last week that explored the sentiment surrounding blockchain among 500 financial services firms across 56 countries.

Technology 41

Technology Education Currencies Financial Systems 41

PYMNTS

JUNE 1, 2017

Last week reports said the yuan dropped to seventh place in the rankings of most-used currency in global trade. Compounding matters, separate analysis from SWIFT revealed that the Chinese yuan has slipped yet again in the global trade finance rankings. Though the U.S. dollar holds 42.1 percent, behind the Swiss franc.

Finance 43

Finance Banking Invoicing Currencies 43

PYMNTS

APRIL 11, 2016

One of the more loaded revelations from the report: Banks really only have to worry about disruption from blockchain technology in some aspects of the financial system, like trade finance, and less so in other aspects, like cross-border payments. Central banks are likely not willing to cede control of the money supply.”.

Banking 40

Banking Reconciliations Technology Finance 40

PYMNTS

DECEMBER 30, 2020

We see Coinbase’s growth as validation that the ecosystem will only continue to grow in size, influence and impact — ultimately ushering in a more open financial system for the world.” . The platform even has its own in-game currency called “Robux,” which users can exchange for real-world currency. Petco ($6 Billion) .

Marketing 79

Marketing Valuation B2B Currencies 79

PYMNTS

OCTOBER 14, 2019

14) may mark a vocal show of support from the 22 companies left in the consortium behind the would-be cryptocurrency that seeks to remake the global financial system, fostering financial inclusion on a global scale for more than 1 billion individuals. That financial inclusion argument? Today (Oct. The Great Unraveling.

Currencies 63

Currencies Nonprofit Financial Systems Transportation 63