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 107

Banking Foreign Exchange Profit and Loss Finance 107

PYMNTS

DECEMBER 30, 2020

Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Popular stock-trading app Robinhood Markets reportedly recently hired Goldman Sachs to lead a possible 2021 IPO that would value the company at more than $20 billion. Then shares soared 85.8

Marketing 79

Marketing Valuation B2B Currencies 79

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 52

Benchmarking Foreign Exchange Forecasting Economics 52

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). A lack of safety and soundness rules will expose the financial system to significant vulnerabilities.”.

Banking 139

Banking Financial Systems Concentration Currencies 139

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

Marketing Economics Currencies Communication 46

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.”

Compliance 116

Compliance Leverage Forecasting Risk Management 116

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 70

Currencies Financial Systems Banking Economics 70

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

Banking Currencies Financial Systems Accounting 59

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

Forecasting Currencies Financial Systems Finance 103

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

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

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

Currencies Advertising B2B Finance 96

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

Banking Currencies Financial Systems Retail 69

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

Currencies Financial Systems Securities Investments 118

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

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

Currencies Treasury Financial Systems Marketing 51

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

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

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

Currencies Treasury Financial Systems Marketing 43

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

Banking Economics Leverage Marketing 100

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

Financial Systems Treasury Currencies Banking 69

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

Compliance Currencies Financial Systems Securities 65

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

Treasury Compliance Financial Systems Finance 100

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

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

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 Communication Financial Systems Finance 51

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

Banking Risk Management Compliance Currencies 64

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

Banking Compliance Currencies Financial Systems 86

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

Future CFO

MARCH 8, 2021

“Today’s announcements mark the final chapter in the process that began in 2017, to remove reliance on unsustainable Libor rates and build a more robust foundation for the financial system,” said Andrew Bailey, governor of the Bank of England. Hong Kong is also developing an alternative rate. As of Sep 2020, there were HK$4.8

Benchmarking 52

Benchmarking Currencies Risk Management Banking 52

PYMNTS

OCTOBER 16, 2019

While Mark Carney admitted that even though central banks won’t be “at the cutting edge of innovation,” they are necessary institutions that are paramount in making sure financial markets continue to be stable, CNBC reported. The fact is that the financial system … is the most heavily regulated part of the economy.

Banking 46

Banking Currencies Financial Systems Technology 46

PYMNTS

OCTOBER 30, 2017

China is increasing regulations on websites that offer cash loans, amid growing concerns about lax regulation in the fast-growing market. The news service noted that in 2017, the People’s Bank of China added wealth management products to its list of regulated items as part of an effort to control risks to the country’s financial system.

Finance 40

Finance Currencies Financial Systems Banking 40

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

Currencies Concentration Securities Banking 77

PYMNTS

JULY 15, 2019

Banking institutions will get “left behind” if they don’t evolve as big tech companies continue disrupting the financial system, the latest research from the International Monetary Fund (IMF) says. “ The role banks will play in the digital currency landscape is something the IMF has been researching.

Banking 43

Banking Financial Systems Startups Currencies 43

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

Banking Planning Accounting Currencies 145

PYMNTS

AUGUST 23, 2019

Traki has been one of the early adopters of cryptocurrencies in Venezuela, which highlights its commitment to improve the traditional financial system,” Zac Cheah, co-founder and CEO of Pundi X, said in a press release. “We Traki customers will be able to use various cryptocurrencies as payment options for the retailer’s products.

Compliance 49

Compliance Currencies Financial Systems Sales 49

PYMNTS

MAY 29, 2019

The company is going after consumers in tier 2 and tier 3 markets in India. They have limited access to the internet and less financial power. The company competes against Paytm , the leading digital payments company in India, as well as MobiKwik , Google , Amazon , and Flipkart.

Sales 51

Sales Startups Currencies Financial Systems 51