PYMNTS

JANUARY 6, 2021

Getting there, he told Webster, involves expanding financial inclusion through digital transactions that, effectively are — for the merchants and consumers involved– free. “If But as Diaz stated, the model is based on sound economic principles. And they're used basically once with an ATM to withdraw" funds, said Diaz.

Banking 145

Banking Planning Accounting Currencies 145

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 98

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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

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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. In January, the U.S.

Currencies 56

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CFO News Room

NOVEMBER 18, 2022

In an interview with Lynn Parramore of the Institute for New Economic Thinking, Nomi Prins takes up and extends the argument that she has made over a series of books, that central bankers are ever-more administering policies that are good for the markets but very bad for the real economy and real people. economy and Wall Street.

Banking 100

Banking Economics Leverage Marketing 100

Barry Ritholtz

SEPTEMBER 30, 2022

John Paulson on Frothy US Housing Market: This Time Is Different Unlike subprime era, financial system is not at risk, he says Real interest rates blamed for lackluster gold price. Peterson Institute for International Economics ). The ultrawealthy are donating more than ever. That doesn’t mean the rest of us are giving less. (

Currencies 73

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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.

Banking 86

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PYMNTS

OCTOBER 19, 2016

The CFOs and treasurers throughout the globe are popping their bubbles when it comes to economic outlook. According to “ Managing Risk in Challenging Economic Times ,” released earlier this month, the majority of CFOs admit that they struggle to stay on top of how quickly the macroeconomic environment is changing.

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PYMNTS

AUGUST 31, 2020

Though the restrictions have been gradually lifted, there has been an impact on the economic activities,” MOSPI said. The AP reported that economists said Prime Minister Narendra Modi’s 2016 decision to strip the country’s currency of its status as legal tender and a goods and services tax hurt manufacturing.

Manufacturing 60

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PYMNTS

OCTOBER 11, 2018

In about three hours, $13 billon of value was wiped out of the crypto market as the values of major digital currencies plunged. Today’s drop happened as financial authorities are warning about a possible economic threat. HK/SIN time, CNBC reported. Ethereum, XRP and bitcoin are far from their highs. as of 9:38 a.m.

Marketing 49

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PYMNTS

OCTOBER 14, 2016

This rogue group also voiced fears that bitcoin’s strong position in the market could be usurped by an alternative digital currency. Governments the world over are struggling with bitcoin and blockchain; regulatory frameworks for conventional financial systems are not applicable to digital currencies. But until then….

Currencies 77

Currencies Banking Financial Systems Technology 77

Global Finance

OCTOBER 10, 2024

They usually react in real time to other central bank moves, including the possibility and risk of taking an independent stand with their interest rates based on a different assessment of economic conditions. Some central bankers kindly agreed to be interviewed for this special report, but none knew their report cards in advance.

Economics 52

Economics Currencies Banking Finance 52

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. in 2022, according to the International Monetary Fund’s July World Economic Outlook 2024. Industry leadership, advancements in digitalization and corporate citizenship also factored in.

Banking 111

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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

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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

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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

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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 Mersch pointed out that central banks are focused on wholesale CBDCs because retail could rattle the entire global financial system.

Retail 52

Retail Currencies Banking Financial Systems 52

PYMNTS

JUNE 23, 2017

Paytm, the leading digital payments company in India, is reportedly looking to obtain a license to create a money market fund in which users can keep their cash and earn interest, reported the Economic Times. The Economic Times reported Paytm aims to compete with Indian banks as the country moves away from cash.

Marketing 46

Marketing Currencies Economics Financial Systems 46

PYMNTS

OCTOBER 30, 2018

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.” “ Coinbase is, and will remain, a crypto-first company.

Valuation 72

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PYMNTS

SEPTEMBER 30, 2019

Beyond the lures of money, there are other nation-states that may want access to a financial system, but for different reasons. wields a great deal of influence, especially in the international monetary system. Our currency is the world’s reserve currency,” said Visner, “and the U.S. The Corrosion Of Power.

Currencies 65

Currencies Nonprofit Financial Systems Securities 65

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. The federal banking system is, and should be, a source of strength for the nation and its economy. Amid these fluctuations, the U.S.

Banking 46

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PYMNTS

OCTOBER 9, 2019

Regulations include transparency that shows economic fortitude. Libra has the potential to become a systemically important payment system,” the committee said. The FPC also said Britain’s financial network is ready for a worst-case Brexit , but that some level of disruption is anticipated, especially for EU borrowers.

Banking 44

Banking Currencies Financial Systems Finance 44

PYMNTS

MARCH 2, 2018

But if the thieves intended to actually use the computers to extract bitcoin, they could theoretically pull in an even greater profit all in an untraceable digital currency. “Being part of the financial system brings enormous privileges, but with them great responsibilities,” Carney noted.

Financial Systems 44

Financial Systems Currencies Economics Securities 44

PYMNTS

JULY 28, 2016

currency around the world, and claim to have as much as $800 million in high-quality fake money for sale to clients in Iran and elsewhere,” prosecutors said. currency is a pillar of the global financial system,” U.S. currency is a pillar of the global financial system,” U.S. trillion.

Currencies 40

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Global Finance

OCTOBER 10, 2024

Much more is needed: The Central Bank of the Republic of Argentina (BCRA) still lacks independence from the government, and the ongoing economic and financial changes are part of a radical deregulation and modernization agenda that will take time to implement. Still, the rate of GDP expansion is petering out, from 17% in 2021 to 14.4%

Economics 52

Economics Currencies Foreign Exchange Banking 52

PYMNTS

AUGUST 1, 2018

financial system improve the ability of small businesses (SMBs) to get financing, driven in part by a decline in startup formation in recent decades. Small businesses are essential job generators, and the major driver of economic growth and vibrancy for all regions of the country.”. In addition, U.S.

Financial Systems 40

Financial Systems Finance Economics Treasury 40

PYMNTS

JUNE 5, 2018

According to reports in CoinDesk , care of a Chinese government official, China’s central bank has completed its work on a blockchain-based system for digitizing checks issued domestically by businesses. ” The work is the culmination of a years-long effort by the Central Bank’s R&D department, according to Di.

Currencies 44

Currencies Financial Systems Banking Leverage 44

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

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PYMNTS

OCTOBER 8, 2018

Buffet’s expertise in the economics of railroads grew out of his childhood fascination-turned lifelong interest in them. railroads were responsible for $274 billion in economic activity and employed 1.5 The economic impact of railroads isn’t felt only in the U.S. In 2014, the last time data was publicly reported , U.S.

B2B 76

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PYMNTS

JUNE 1, 2017

Last week reports said the yuan dropped to seventh place in the rankings of most-used currency in global trade. Moody’s told reporters that the decision was based on an array of factors, including a pessimistic forecast for the nation that predicts economic growth for the country to decline to 5 percent by 2020. Though the U.S.

Finance 43

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Global Finance

SEPTEMBER 5, 2024

Innovations in mobile banking, online and app-based payment, invoice management, and online currency exchange are some of the products that have arisen from the lab. Based in southern Brazil, Ailos Cooperative is a financial network comprising 13 member credit unions representing over 6,000 employees and serving more than 1.6

Startups 52

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PYMNTS

MARCH 14, 2016

Well, it is “an innovative new payment platform created to transform the payments industry by drastically altering the economics through Internet-based technology, generating significant consumer benefits.” The new economics of multisided platforms provides tremendous insights into the fizzles waiting to happen. What is it you ask?

Startups 43

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Barry Ritholtz

FEBRUARY 17, 2025

We’ll get to where you work at JP Morgan, but economics bachelor’s from Columbia MBA from Harvard. So I decided to become an economics major and a psychology minor. So the intersection of psychology and economics became really interesting. Christine Philpots. 00:01:37 [Speaker Changed] Thank you for having me.

Investments 59

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CFO News Room

JANUARY 18, 2023

financial system, has been used mainly in the past against banks and other financial institutions and in most cases has forced the institution to close. This type of action, a rarely used so-called death-knell sanction that cuts off the entity from the U.S. Lisa Monaco. said Wednesday. Deputy Treasury Secretary. Wally Adeyemo.

Treasury 100

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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

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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.

Currencies 63

Currencies Nonprofit Financial Systems Transportation 63

CFO News Room

NOVEMBER 2, 2022

By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of Bard College. Germany has become an economic satellite of America’s New Cold War with Russia, China and the rest of Eurasia. and allied Western financial oligarchies.

Economics 100

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