Global Finance

APRIL 7, 2025

So too are a flat corporate and income tax rate of just 10% and a local currencythe levtied by a currency board to the euro. That [Croatia] has the highest absorption rate of the funds under Croatias ongoing National Recovery Plan economic program is due to governments strong commitment to the reform agenda, she says.

Education 52

Education Construction Economics Currencies 52

PYMNTS

JUNE 26, 2019

Federal Reserve plans to hold Facebook ’s cryptocurrency, Libra , to high standards when it comes to consumer protection and regulation. Facebook revealed last week that it plans to launch its own digital currency next year. The international Financial Stability Board (FSB) and the U.K.’s financial system.

Planning 51

Planning Currencies Financial Systems Banking 51

PYMNTS

JULY 3, 2019

The Democrats of the House Financial Services Committee have officially written the leadership of Facebook to ask them to stop the Libra cryptocurrency plan and its associated Calibra wallet plans, citing risks to security, financial stability and risks to the control the government of the United States has over monetary policy.

Planning 53

Planning Currencies Leadership Financial Systems 53

PYMNTS

JUNE 18, 2019

The endless speculation over Facebook ’s plans to build a new set of global payments rails and launch a global cryptocurrency comes to an end today with the official launch of Libra. And given the nature of the open source licensing protocol, potential forking by others to support global use cases that also use the Libra currency.

Currencies 98

Currencies Accounting Banking Securities 98

PYMNTS

JULY 16, 2019

“Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs and human trafficking,” Mnuchin said, adding that he is “not comfortable today” with the social media giant’s planned launch.

Treasury 75

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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

PYMNTS

OCTOBER 8, 2019

Despite the fact that Facebook’s planned cryptocurrency, Libra, has been under intense scrutiny, one crypto-futures exchange is planning for its future. In other news, Germany’s federal finance minister has sent out a warning about private currency projects like Libra. We should not leave the field to China, Russia, the U.S.

Currencies 40

Currencies Finance Financial Systems Securities 40

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. These tools enable finance teams to simulate various scenarios, assess potential impacts, and develop contingency plans.

Compliance 116

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PYMNTS

FEBRUARY 27, 2020

Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said that before they issue their own digital currencies, central banks around the world should attempt to get a better understanding of the pros and cons of the process, according to a report by Reuters. They will also confer with colleagues overseas on the topic.

Banking 64

Banking Currencies Financial Systems Planning 64

PYMNTS

OCTOBER 7, 2019

Before the launch of Libra a few short months ago in June of 2019, the 28 (now 27) founding members of the Libra Association committed nothing more than to show up at a meeting to hear more about Libra’s plans at some point in the future. These are the same 1.5 billion people that Libra said at launch it intended to help.

Currencies 79

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PYMNTS

JULY 13, 2020

The nation’s banks hoping to use COVID-19 as an excuse to shutter branches or get permanent concessions from regulators better think again, the Financial Times reported. Brian Brooks , Acting Comptroller of the Currency, an independent agency within the U.S. Brooks told U.S.

Banking 68

Banking Currencies Treasury Financial Systems 68

PYMNTS

NOVEMBER 28, 2019

Robinhood has announced that it giving up on its plans to become a federally insured bank. The stock-trading startup is voluntarily pulling its bank charter application with the Office of the Comptroller of the Currency, which was submitted earlier this year.

Banking 75

Banking Valuation Cash Management Currencies 75

PYMNTS

SEPTEMBER 16, 2016

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. With time, the fundamentals surrounding the bitcoin market improved.

Currencies 77

Currencies Concentration Securities Banking 77

PYMNTS

AUGUST 18, 2019

During an upcoming visit to Switzerland , American lawmakers plan to discuss Facebook’s proposed cryptocurrency, Libra. Waters has been a vocal critic of the social media giant’s plans for its own digital currency. He said Libra’s associated Calibra wallet plans will be regulated by the U.S.

Currencies 69

Currencies Financial Systems Securities Planning 69

PYMNTS

JULY 1, 2020

The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how the coronavirus is impacting compliance by financial institutions (FIs). As noted in this space last month, Brian Brooks, acting Comptroller of the Currency, said in letters to the National League of Cities, U.S.

Compliance 66

Compliance Banking Currencies Financial Systems 66

CFO Talks

JULY 4, 2024

Key Takeaway: Companies should consider candidates from diverse professional backgrounds for CFO roles to bring a holistic approach to financial leadership, encompassing not just accounting, but also operations, IT, HR, and strategic development.

CFO 52

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PYMNTS

JUNE 30, 2020

The Bank for International Settlements ( BIS ) Innovation Hub is planning on adding four new locations in Europe and North America, according to a press release. BIS General Manager Agustín Carstens called the move “an investment in the future of central banking and the financial system.”.

Currencies 59

Currencies Financial Systems Banking Communication 59

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

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

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

OCTOBER 14, 2016

SegWit, or Segregated Witness, is a planned soft fork that will change how transactions are stored by the network. Let’s talk about weight, the weight of a transaction, the weight of a block, the externalities it puts on the system. ” For many, block size is no longer the way to increase the network’s capacity.

Currencies 77

Currencies Banking Financial Systems Technology 77

PYMNTS

APRIL 9, 2020

Although SWIFT revealed plans for its account-to-account functionality last month, the announcement only began making headlines a few days ago. Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. Billhop Eases B2B Card Acceptance. and Sweden, it noted.

B2B 83

B2B Invoicing Banking Currencies 83

PYMNTS

JUNE 25, 2019

The House Financial Services Committee has scheduled hearings about the proposed merger between BB&T and SunTrust Banks, as well as the Facebook-planned cryptocurrency Libra. financial system. Committee Chairwoman Maxine Waters, D-Calif., has already called for a moratorium on the crypto.

Currencies 66

Currencies Financial Systems Banking Planning 66

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. Many corporates have limited experience dealing with uncertainty, especially when combined with very high interest rates, and are unsure how to plan or adjust,” says Monaco.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

SEPTEMBER 10, 2019

The Paris-based Financial Action Task Force (FATF), an organization which acts as the standard-setter for anti-money laundering (AML) standards around the globe, said it is closely watching the development of Facebook ’s planned cryptocurrency, Libra , according to a report by Reuters. A senior U.S.

Finance 59

Finance Treasury Currencies Financial Systems 59

PYMNTS

OCTOBER 18, 2019

The Financial Action Task Force (FATF) said it is worried about “ stablecoins ,” like Facebook’s Libra , and how they could be used for illicit purposes. Facebook said Libra could help financial systems in developing countries, and give access to the unbanked population in those countries. Libra is planned for a 2020 release.

Currencies 40

Currencies Financial Systems Finance Planning 40

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

OCTOBER 5, 2020

The House committee held a hearing on the concept after Acting Comptroller of the Currency Brian Brooks put forward the concept of a new special purpose banking charter for payments firms. The banking industry, however, is against the idea. “We European Commission To Appeal Apple State Aid Decision. 25 statement.

Banking 91

Banking Compliance Advertising Tax Planning 91

PYMNTS

MARCH 24, 2020

In 2019, Hong Kong issued about eight digital banking licenses to companies like Ant Financial, and a team-up of Tencent and Standard Chartered. Other countries plan to follow Hong Kong’s lead and issue banking licenses of their own, including Taiwan, Malaysia and Singapore.

Banking 54

Banking Currencies Financial Systems Accounting 54

Global Finance

OCTOBER 10, 2024

György Matolcsy, governor of Hungary’s central bank (Magyar Nemzeti Bank), reflects on his second term and speaks about plans to potentially join the euro. György Matolcsy: After the global financial crisis, central banks realized that monetary institutions and policy needed to be renewed. What is the status of these plans now?

Economics 59

Economics Banking Concentration Currencies 59

PYMNTS

JUNE 17, 2019

Regulators say cyberattacks could cause havoc to financial systems, crashing payment systems, exposing confidential customer data and generally posing a threat to the banking industry, which relies much more heavily on data than it used to. Cybersecurity regulators want a similar approach. “At

Banking 53

Banking Credit Risk Currencies Financial Systems 53

PYMNTS

SEPTEMBER 20, 2019

Regulators and lawmakers around the world have expressed opposition to Facebook’s plan, especially France and Germany , who have said they would block the use of Libra if it was ever released. Libra will be a stablecoin, meaning it will be backed by real-world currency like bank deposits and short-term securities.

Currencies 43

Currencies Financial Systems Securities Planning 43

PYMNTS

DECEMBER 4, 2019

We founded this company to break down barriers to our financial system,” the company said in a blog post. “As As a result, we’re seeing changes across the industry: Other brokerages have dropped their commission fees, removing a needless barrier from the financial lives of millions.”.

Education 52

Education Currencies Financial Systems Startups 52

PYMNTS

JULY 9, 2019

Last month, Waters, who is the chairwoman of the House Financial Services Committee, called for a moratorium on the digital currency. With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users,” she wrote.

Nonprofit 48

Nonprofit Currencies Financial Systems Securities 48

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

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. As of Sep 2020, there were HK$4.8 trillion (US$618 billion) of assets and HK$1.4

Benchmarking 52

Benchmarking Currencies Risk Management Banking 52

PYMNTS

JUNE 23, 2017

The financial sector in India has been largely dominated by government-backed banks – similar to the financial system status in China – with the leading money market fund as state-owned and run by private banks such as the State Bank of India and ICICI Bank. Paytm, which is owned by One97 Communications, received a $1.4

Marketing 46

Marketing Currencies Economics Financial Systems 46