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. This time, the failures disproportionally affected the venture capital-backed tech startup sector that these banks catered to. Throughout 2023, JPMorgan Chase raised $2.3

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

DECEMBER 4, 2019

Silicon Valley startup Robinhood has signed over 10 million subscribers to its free stock-trading service, the company said in a blog post on Wednesday (Dec. We founded this company to break down barriers to our financial system,” the company said in a blog post. “As

Education 52

Education Currencies Financial Systems Startups 52

PYMNTS

MAY 15, 2017

Its creator, the pseudonymous Satoshi Nakamoto, gave it all of the qualities of cash, but in a digital format: peer-to-peer transfer of a currency in the absence of any intermediary that is pretty much anonymous — only wallet IDs are shared. There’s only so many things you can buy on the dark web though. tell a very interesting story.

Currencies 62

Currencies Math Startups Technology 62

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 Economics Currencies Financial Systems 46

PYMNTS

AUGUST 4, 2019

Elliptic collaborated with researchers from the Massachusetts Institute of Technology (MIT) on the data set, which was taken from 200,000 bitcoin transactions worth $6 billion — the largest set of labeled transaction data publicly available in any digital currency in the world.

Compliance 46

Compliance Currencies Financial Systems Startups 46

Global Finance

SEPTEMBER 5, 2024

In 2023, the lab honed its focus to concentrate on startups between seed and Series A funding stages. The lab, which had previously nurtured 76 startups, invested 500,000 Brazilian reais (approximately $91,000) in each of the six startups accelerated last year. Thus far, 64 startups have graduated from the lab.

Startups 52

Startups Banking Finance Technology 52

PYMNTS

JANUARY 10, 2020

Alphabet-Backed Healthcare Startup, One Medical, To IPO. The San Francisco-headquartered startup runs membership-based healthcare clinics and was launched by internal medicine doctor Tom Lee, who served as the company’s CEO until 2017. Having held numerous strategic positions at the third-largest bank in the U.S., may get hit hard.

Healthcare 52

Healthcare B2B Startups Risk Management 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. She said the “pragmatic recommendations” included in the report would make the financial system work better for entrepreneurs, no matter their business size or geographic location.

Financial Systems 40

Financial Systems Finance Economics Treasury 40

PYMNTS

APRIL 29, 2016

It announced an investment in Digital Currency Group, a bitcoin/blockchain startup-focused investment firm, which includes former Treasury Secretary Larry Summers, who is serving as an advisor and also put money up. Western Union just put its toe in the bitcoin/blockchain waters. This includes fines up to $38,000 (2.5

Currencies 42

Currencies Auditing Finance Securities 42

PYMNTS

APRIL 30, 2018

According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. In a dynamic space like banking, lending, payments and financial services more broadly, time is a valuable currency.

Banking 73

Banking Investments Accounting Concentration 73

PYMNTS

APRIL 11, 2016

One of the more loaded revelations from the report: Banks really only have to worry about disruption from blockchain technology in some aspects of the financial system, like trade finance, and less so in other aspects, like cross-border payments. Central banks are likely not willing to cede control of the money supply.”.

Banking 40

Banking Reconciliations Technology Finance 40

PYMNTS

MARCH 14, 2016

Is it a stealth startup from Silicon Valley? Many of the most dynamic public companies, from Alibaba to Visa, and many of the most valuable startups, like Uber, are multisided platforms. The Next Big Fizzle: Blockchain Startups. It’s secure, it’s cheap, it’s faster than a speeding bullet. Petersburg, Florida.

Startups 43

Startups Economics Math Securities 43

Barry Ritholtz

NOVEMBER 8, 2022

I then was doing journalism for Breakingviews, which was the sort of dot-com startup, FX FT people known by Reuters, and started doing some — and then I did some research for Crispin Odey, London hedge fund guy. CHANCELLOR: They’re buying them to manipulate the currency of China, most of all. RITHOLTZ: And then investing.

Valuation 59

Valuation Finance Investments Banking 59

PYMNTS

OCTOBER 16, 2017

The ability to use an anonymous single currency to power a decentralized, permissionless distributed ledger operating over the public internet where miners compete to solve the math problems that enable the processing of transactions is a remarkable innovation. The Crypto Has No Clothes. The Need for a Balanced View.

Currencies 71

Currencies Concentration Financial Systems Investments 71

PYMNTS

AUGUST 3, 2018

financial system around a set of core principles, offered guidance and recommendations that have long bounced around the FinTech space, and which no doubt already command the support of many executives. FinTech Improvements. The report , released in support of President Trump’s call to regulate the U.S.

Treasury 46

Treasury Securities Currencies Financial Systems 46

PYMNTS

NOVEMBER 28, 2019

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. Robinhood has announced that it giving up on its plans to become a federally insured bank.

Banking 75

Banking Valuation Cash Management Currencies 75

Onplan

NOVEMBER 30, 2022

It also offers convenient multi-currency management. Because it’s from the same vendor, Adaptive works best with Workday Financial Management and Human Capital Management. While it’s an excellent modeling tool for users that already use Workday for all their financial systems, Adaptive can cause friction for those that don’t.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52

PYMNTS

AUGUST 6, 2018

The report bows under the byline of Treasury Secretary Steven Mnuchin as a response to the Trump administration’s drive to establish core principles that can govern the financial system overall. The recommendations come in light of a slippage in startups (which, of course, need capital to, well, start up).

Treasury 40

Treasury Financial Systems Startups Finance 40