PYMNTS

JANUARY 3, 2020

Digital currencies, yes – but with limits. According to a paper that debuted this week from the European Central Bank (ECB), central bank currencies in digital form have their uses, but individuals should be dissuaded from holding too much of a hypothetical digital euro.

Currencies 52

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PYMNTS

AUGUST 6, 2020

McDermott, previously a managing director for Goldman who was in charge of running the company’s internal funding operations, is a veteran of old-school financing markets, according to the network. So what you’re doing today in the physical world, you just do digitally, creating huge efficiencies,” he said, according to CNBC.

Forecasting 103

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PYMNTS

NOVEMBER 16, 2020

Fitzpatrick, global head of CitiFXTechnicals, Citi’s market insight product, compared bitcoin’s movements to the gold market, which remained within a $20-$35 price range for 50 years before breaking out in 1971, according to CoinDesk. Thomas Fitzpatrick’s report was leaked on Twitter Friday (Nov. Meanwhile, Binance on Monday (Nov.

Currencies 118

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PYMNTS

APRIL 22, 2020

While the digital age has opened up doors for businesses to expand internationally, it’s a bit misleading to say that it’s easier than ever for small firms to step foot into new geographic markets. ” Easing Payments Friction. “Compare it to sending an email,” he continued. ”

Currencies 96

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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. At the same time, in Japan, the undoing of carry-trade operations also provoked a strong adjustment in financial markets. This interview has been edited for clarity.

Banking 105

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PYMNTS

OCTOBER 23, 2018

The SBI Group plans to license Sepior ApS ’ wallet technology to use in its own wallet, which will become a part of its digital currency exchange platform, the company said in an announcement. Work remains to be done to determine how it can be set up to maximize the benefits for the whole financial system.”.

Startups 76

Startups Banking Currencies Financial Systems 76

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. growth target.

Benchmarking 98

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PYMNTS

MARCH 22, 2019

He said if banks issued similar currency it could lead to people moving money away from commercial banks. A move like this could potentially undermine the whole system, he said. There are other downsides to central bank-issued digital currency (CBDC), he explained.

Banking 69

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PYMNTS

JANUARY 6, 2021

Which meant, of course, that cash was, and still is, king — as tens of millions of people conduct daily commerce outside the confines of the traditional financial system. And they're used basically once with an ATM to withdraw" funds, said Diaz. Diaz estimated that cash still accounts for as much as 95 percent of transactions.

Banking 145

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PYMNTS

MARCH 6, 2019

Twitter Chief Executive Jack Dorsey is spending thousands of dollars per week to purchase bitcoin, betting the digital currency’s value will rise again. Dorsey predicted that bitcoin or a competing digital token will morph into the internet’s currency with global reach.

Currencies 64

Currencies Financial Systems Marketing 64

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 money market fund Paytm is considering will place leftover digital cash into a fund that accrues interest for account holders.

Marketing 46

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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. This might disrupt transaction banking and financial market intermediation.”.

Banking 59

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PYMNTS

SEPTEMBER 16, 2016

With time, the fundamentals surrounding the bitcoin market improved. Smith went on in his speech to say that the lessons learned from the Bitfinex hack have improved the digital currency environment. Perhaps, with a few more $60 million learning opportunities, bitcoin should be well on its way to an established, viable currency.

Currencies 77

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PYMNTS

JUNE 19, 2019

It’s also tied to traditional currency. The launch of Libra has also attracted the attention of regulators around the world , and the Group of Seven (G7) has called for an investigation into the supposed risks of cryptocurrencies and how they would affect the current financial system.

Currencies 72

Currencies Financial Systems Finance Marketing 72

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. Along with the World’s Best Bank, global honors this year include awards for Best Corporate Bank, Best Consumer Bank, Best Banks Worldwide in Emerging and Frontier Markets and Best Sub-Custodian Bank.

Banking 111

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Future CFO

SEPTEMBER 2, 2024

The convergence of AI and ERP offers the potential to overcome traditional barriers to efficiency and accuracy in financial management, enabling Asian companies to compete more effectively on a global scale. However, we must stay focused on business outcomes to help guide our approach to AI and look beyond the hype.”

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PYMNTS

SEPTEMBER 21, 2020

The reality of the global financial system is that there will always be attempts to launder money and evade sanctions; the responsibility of banks is to build effective screening and monitoring systems, and we work closely with regulators and law enforcement to bring perpetrators to justice.”. billion in fines.

Banking 139

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PYMNTS

JULY 11, 2019

“This is a direct response to the Powell testimony and comments on Facebook’s Libra and the implications that could have for the entire cryptocurrency space,” said Craig Erlam, senior market analyst at FX trading platform OANDA. Libra also caught the attention of The BoE, the U.K.

Financial Systems 69

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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. . • What happened to giving money to charity? The ultrawealthy are donating more than ever. That doesn’t mean the rest of us are giving less. (

Currencies 72

Currencies Financial Systems Banking Economics 72

Global Finance

SEPTEMBER 4, 2024

The race for Latin America’s massive stablecoin market has become more competitive. 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

CFO Talks

JULY 4, 2024

Ayiku emphasized that modern CFOs often come from a variety of professional backgrounds, including engineering, marketing, and science. Understand and Adapt to Customer Payment Preferences One of the critical roles of a modern CFO is to ensure that the company’s financial systems are aligned with customer preferences.

CFO 52

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PYMNTS

AUGUST 26, 2019

House Financial Services Committee Chair Maxine Waters met with government officials in Switzerland about Libra, and said she remained concerned about the viability of the currency, according to a report by Reuters. Facebook, which announced the currency in June, wants to get regulators on board with Libra so that it can move forward.

Currencies 58

Currencies Compliance Financial Systems Investments 58

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. customers to recipients in Asia and Europe.

Banking 86

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PYMNTS

FEBRUARY 5, 2019

Currency supply in the country grew by 31 percent in the week of Jan. The printing has helped to drive hyperinflation in the country and tank the currency. financial system by Venezuela. Black market dollars often resell for double their value, and sometimes up to 10 times more, bringing in enormous profits.

Currencies 51

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PYMNTS

AUGUST 14, 2019

The second was the rise of cryptocurrency (though during his remarks he tended to refer to it as Convertible Virtual Currency or CVC). Mobile Gaming And Digital Currency . The first is the rise of mobile gaming and gambling. kilograms of methamphetamines and more than $5.5 million.

Compliance 65

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PYMNTS

SEPTEMBER 14, 2017

Before businesses can spread their global wings and reach new markets, though, they must first overcome their fears of engaging in global trade. The X-Border Receivables Report explores how cross-border trade is impacting a wide array of industries and markets, as well as the customers and workers that operate within them.

Education 76

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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.

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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.

Currencies 77

Currencies Banking Financial Systems Technology 77

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. But that was just a small part of it.

Banking 100

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PYMNTS

JUNE 18, 2018

In a press release , the New York State Department of Financial Services Superintendent Maria T. Vullo said the agency approved Square ‘s application for a virtual currency license. The payments company has a money-transmitter license from the Department of Financial Services (DFS). Didn’t see much.

Currencies 51

Currencies Financial Systems eCommerce Marketing 51

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. But unlike other collapses, it has largely avoided rippling into other markets. Lisa Monaco. said Wednesday. Deputy Treasury Secretary. Wally Adeyemo.

Treasury 100

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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 what we are driving [toward]. That’s B2B Connect,” he said.

Treasury 74

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PYMNTS

JUNE 25, 2019

financial system. The Senate Banking Committee will hold its own hearing on the social media giant’s digital currency, called Libra, the day before. The cryptocurrency market currently lacks a clear regulatory framework to provide strong protections for investors, consumers, and the economy.

Currencies 66

Currencies Financial Systems Banking Planning 66

PYMNTS

NOVEMBER 2, 2020

The financial ministry expects to kick off phase two, regarding licensing requirements, in June 2021, the release stated. RBA expects to finish the project at the end of this year.

Banking 64

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PYMNTS

NOVEMBER 27, 2018

He pleaded to one count of money laundering, and he was accused of accepting more than $1 billion in bribes to participate in an illegal foreign currency scheme. financial system by Venezuela. The country has rampant hyperinflation on its own currency. His case is part of a broader effort by the U.S.

Currencies 43

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PYMNTS

AUGUST 5, 2019

That news has brought out a multitude of regulators, lawmakers and leaders around the globe who are concerned that the currency won’t be regulated closely enough and could potentially upend the global financial market. Facebook has said it will release Libra sometime in 2020.

Currencies 51

Currencies Financial Systems Communication Finance 51

PYMNTS

JUNE 3, 2019

Sure, one may find numerous instances and specific markets in which cash use has given way to payment cards or mobile wallets, but, for various reasons, physical coins and bills endure, and will likely do so for quite some time. The Western Union service works in conjunction with Amazon’s cross-border payments option, Amazon PayCode.

Currencies 75

Currencies Financial Systems eCommerce Marketing 75