PYMNTS

MAY 29, 2019

A European Central Bank ( ECB ) official is throwing his support towards wholesale central bank digital currencies (CBDCs). While a retail CBDC would be available for the general public, wholesale would serve a limited circle, primarily banks. And while the Bank of Lithuania sees potential in CBDCs, it is “cautious.” “For

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Global Finance

JULY 16, 2024

Throughout its 30-year history, Converse Bank has been a trendsetter in Armenia. This began with it as the first bank since the country became independent to be set up with foreign investment – led by principal shareholder Eduardo Eurnekian, an Argentine-Armenian businessman. Being a pioneer seems to be in Converse Bank’s DNA.

Banking 98

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PYMNTS

MAY 13, 2020

The Bank of Mauritius is progressing toward providing a central bank digital currency (CBDC) per its governor, CoinDesk reported. Seegolam noted that any digital currency would need to be distributed via the current banking system to steer clear of the risk of putting the island’s financial system in an uneven position.

Currencies 61

Currencies Banking Forecasting Financial Systems 61

Global Finance

JULY 24, 2024

It was only in April 2020 that the Reserve Bank of India (RBI) removed foreign investment restrictions on certain rupee debt. Indications are that Indian G secs will be added to other indices such as the Bloomberg EM Local Currency Government Index from January 2025. JPMorgan placed the bonds on watch for inclusion in October 2021.

Securities 52

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Future CFO

OCTOBER 17, 2023

The China Securities Regulatory Commission (CSRC) ordered domestic brokerages’ overseas units to stop opening new stock accounts for onshore investors to stem capital outflows that have pushed the yuan to a 16-year low. The post Chinese securities regulator stops brokerages from opening overseas accounts appeared first on FutureCFO.

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PYMNTS

JUNE 8, 2020

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. In addition, Buonomo said digital currencies, especially central bank digital currencies (CBDC) may eventually be able to replace all bank accounts.

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Global Finance

OCTOBER 21, 2024

Following growth in cross-border payments, Bank of America on Sunday introduced Guaranteed FX Rates of up to one year, the longest tenor available in the industry. BofA launched Guaranteed FX Rates beyond a 24-hour period eight years ago, supporting over 200 currency pairs. The one-year tenor is available in 37 currency pairs.

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PYMNTS

MAY 1, 2020

Any business that trades internationally or manages a global workforce will be familiar with the pain points of traditional cross-border wires and bank transfers. “They accept cryptocurrency, facilitate the exchange, charge a professing fee then transfer funds into a bank account in one or two days. . The Benefits To AR.

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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. Scammers will many times ask for payment to an individual or firm into many or continuously changing bank accounts.

Currencies 67

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PYMNTS

JANUARY 9, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. The National Cyber Security Centre said it was providing technical support. The attack occurred on New Year’s Eve.

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PYMNTS

DECEMBER 6, 2020

MonetaGo , which specializes in blockchain technologies, and GUUD Company , which focuses on making international trade smooth, have teamed up on international financial transaction security, MonetaGo announced in a press release. Both companies are based in Singapore. Going paperless has to happen.”.

Securities 82

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PYMNTS

JANUARY 10, 2020

China’s central bank, the People’s Bank of China (PBOC), said it has completed the “top-level” design of its proposed digital currency, according to reports. Mu Changchun, the head of the digital currency research institute at the PBOC, said the focus will be on “stability, security and control.”

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Global Finance

OCTOBER 16, 2024

Lim Soon Chong , Group Head of Global Transaction Services, DBS As financial institutions seek to expand their cross-border payment capabilities, the challenge lies not only in scaling to new corridors but also in managing the complexity of currency volatility and compliance. Real-world applications of this approach are already in motion.

Currencies 105

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Global Finance

SEPTEMBER 4, 2024

Global Finance magazine interviewed Brazil Central Bank President Roberto Campos Neto, who has been at the helm since February 2019. In this interview, Campos Neto shares his insights on the global economy, Brazil’s economic outlook, the resilience of Latin American economies, and the importance of central bank independence.

Banking 105

Banking Economics Currencies Finance 105

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We Specific Concerns .

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PYMNTS

AUGUST 19, 2019

To provide users with different levels of access to funds that are stored, Bank of America is reportedly aiming to patent a security system that is “partitioned” for crypto-wallets. The office published the application last week and lists a senior tech manager at the bank, Manu Kurian, as the inventor.

Currencies 77

Currencies Transportation Securities Banking 77

Global Finance

OCTOBER 10, 2024

The governor of the Central Bank of Iraq, Ali Muhsen al-Allaq, speaks to Global Finance about the main challenges and top priorities for the bank. How did that impact the Iraqi banking sector? That created a major challenge for banks in settling deposits and loans, ultimately undermining public confidence in the banking system.

Banking 52

Banking Economics Compliance Construction 52

PYMNTS

JULY 16, 2020

United Nations Federal Credit Union (UNFCU) has partnered with cross-border payment network Thunes in order to bring mobile wallet money transfers in local currencies to members, according to a press release. “Since the launch of the service in February, transaction volume has grown 68 percent on average.

Currencies 67

Currencies B2B Banking Finance 67

Future CFO

MAY 10, 2021

Alibaba affiliate Ant Group is participating in China’s digital currency trial, according to a report by China Securities Journal. MYbank — an online bank in which Ant has a 30% stake — allows some users to link their accounts with China’s digital yuan app, the media report says.

Currencies 40

Currencies Banking Securities Accounting 40

PYMNTS

JUNE 18, 2019

In other news, malicious apps have managed to get around Google ’s security-enhancing measures, accessing one-time passwords (OTPs) and SMS-based two-factor authentication (2FA), as well as some email-based 2FA systems. Russia’s central bank might one day launch its own digital currency. Why would they?”

Currencies 53

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PYMNTS

NOVEMBER 1, 2020

Acting Comptroller Brian Brooks , speaking on a podcast recently, said banks in the U.S. 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. The bank will expand to over 100 by next year, according to the report.

Banking 84

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PYMNTS

DECEMBER 27, 2020

The rise of the currency's value has been surging just over the past holiday weekend, breaking $25,000 on Friday (Dec. The update will help to alleviate a common issue with bitcoin in that there were few user-friendly, secure methods to buy, sell and use cryptocurrency in general. The price of bitcoin has passed $28,000 on Sunday (Dec.

Currencies 101

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PYMNTS

OCTOBER 3, 2019

While Philadelphia Federal Reserve Bank President Patrick Harker believes it’s “inevitable” that central banks will eventually issue digital currencies, he warned that the United States shouldn’t be first in line. He admitted that when it comes to the future of the Fed, digital currency will most likely play a part. “I

Currencies 55

Currencies Banking Securities Planning 55

PYMNTS

DECEMBER 14, 2020

EMTECH is rolling out its new Modern Central Bank Sandbox, which will help to streamline regulatory reviews and test central bank digital currencies (CBDCs), a press release says. The platform will also help central banks that want to collaborate with innovators on new technology.

Banking 93

Banking Currencies Finance Securities 93

PYMNTS

JULY 29, 2020

The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg reported. He added that while cryptocurrency is important, the blockchain technology behind it is equally so.

Banking 58

Banking Securities Currencies eCommerce 58

Strategic Treasurer

OCTOBER 14, 2022

Global Payments Survey Shows Fraud Concern and Security Investment Plans. Results show the top challenges and areas of planned investment among companies of all sizes, with fraud and security as consistent themes. This survey’s questions probed corporate and bank respondents on their global payment practices and priorities.

Securities 52

Securities Investments Planning Treasury 52

PYMNTS

AUGUST 19, 2019

To provide users with different levels of access to funds that are stored, Bank of America is reportedly aiming to patent a security system that is “partitioned” for crypto-wallets. The office published the application last week and lists a senior tech manager at the bank, Manu Kurian, as the inventor.

Securities 43

Securities Banking Transportation Currencies 43

PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

Treasury 75

Treasury Securities Currencies Financial Systems 75

PYMNTS

DECEMBER 5, 2019

5) that digital currencies like Facebook’s Libra have no place in the European Union unless the consequences and pitfalls are adequately sorted out, Reuters reported. “No As a cryptocurrency, Libra is considered a stablecoin because it would be backed by traditional currency or securities.

Currencies 52

Currencies Finance Financial Systems Banking 52

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

JULY 23, 2019

Facebook’s inability to detect the circulation of fraudsters could further discredit Libra and generate even more distrust as regulators investigate the proposed global currency. It also introduces a new programming language, Move, designed to make it more efficient and secure.

Currencies 54

Currencies Communication Securities Numbers 54

PYMNTS

JANUARY 24, 2020

In other bitcoin news, a proposed bill in Hawaii would let banks hold onto crypto for customers, according to CoinDesk. 18, and would allow banks in Hawaii to hold onto digital securities, virtual currencies, digital consumer assets and open blockchain tokens. The bill was introduced on Jan.

Currencies 52

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PYMNTS

JULY 29, 2020

The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg reported. He added that while cryptocurrency is important, the blockchain technology behind it is equally so.

Banking 66

Banking Securities Currencies eCommerce 66

Global Finance

JUNE 6, 2024

Among the arrows in the bank’s quiver is NedSnap, a robotic process automation (RPA) platform that supports Nedbank’s employees by facilitating more-effective communication and timely results. It has already saved the bank the equivalent of five full-time employees across Singapore and neighboring regions.

Banking 52

Banking Benchmarking Leverage Prioritization 52

Global Finance

OCTOBER 22, 2024

Central bank leaders on Tuesday discussed the evolving landscape of Central Bank Digital Currencies (CBDC) at the Sibos conference in Beijing. Mu stressed the importance of AI and big data technologies in securing transactions and protecting user privacy.

Currencies 59

Currencies Banking Finance Technology 59

PYMNTS

NOVEMBER 7, 2016

4) it inked a partnership with Banque Régionale de Marchés (BRM) to provide a digital currency in the West African Economic and Monetary Union (WAEMU). The secure digital instrument can be used across all existing payment platforms and will be equivalent in value to physical legal tender, eCurrency said in the press release.

Currencies 73

Currencies Compliance Securities Economics 73

PYMNTS

SEPTEMBER 22, 2020

No longer is open banking solely for consolidating financial information into a single platform for one end user. Acumatica Links Its ERP Into Bank Data. Integrated into its ERP solution, the new feature links electronic banking fees to corporate card spend, allowing for automated receipt creation. In the U.K.,

Banking 110

Banking B2B Foreign Exchange Currencies 110