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. Diversified economy focused on information and communications technologies, tourism, business services, and transport. This tie to the euro has helped keep inflation low and links Bulgaria to the eurozone.

Education 52

Education Construction Economics Currencies 52

PYMNTS

SEPTEMBER 14, 2016

government seems to be accepting the positive impact that digital currencies and blockchain could have on legacy financial systems, according to Business Insider. House of Representatives, asking the government to establish a national policy for technology. A non-binding resolution was passed on Monday (Sept.

Currencies 78

Currencies Financial Systems Securities Technology 78

PYMNTS

DECEMBER 13, 2019

With the belief that it could cause instability within the country’s financial system, the government of Switzerland spoke against making a central bank digital currency available to the public. Instead, it would give rise to new risks, especially with regard to financial stability.”.

Currencies 40

Currencies Banking Financial Systems Technology 40

PYMNTS

JUNE 18, 2019

The announcement today establishes Libra as the foundation for a new, low or no cost, global payments and financial services ecosystem, one built by Facebook, to give billions of people access to the “internet of money.” The ecosystem’s first application is a stand-alone digital wallet, Calibra. The New Cryptocurrency — Libra.

Currencies 98

Currencies Accounting Banking Securities 98

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

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.”.

Banking 139

Banking Leverage Technology Compliance 139

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. Despite the interest and euphoria around AI, the technology will not be exempt from any ROI scrutiny.

Compliance 116

Compliance Leverage Forecasting Risk Management 116

PYMNTS

OCTOBER 8, 2019

In other news, Germany’s federal finance minister has sent out a warning about private currency projects like Libra. Minister Olaf Scholz said in an interview a local German outlet that he remains “very, very critical” of Libra, but conceded that an e-euro would be good for Europe’s financial system. or any private providers.”.

Currencies 40

Currencies Finance Financial Systems Securities 40

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

Currencies Concentration Financial Systems Leverage 85

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. US Government’s National Policy On Technology.

Currencies 77

Currencies Concentration Securities Banking 77

Global Finance

APRIL 7, 2025

At the same time, a new financial system is emerging based on digital assets that range from those issued by regional central banks to digital currencies. Bank funding will continue to play an important role, but this will be compounded by external financing via bilateral or multilateral efforts. respectively.

Economics 52

Economics Manufacturing Treasury Forecasting 52

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. However, with financial independence the BCB should have enough money for technology and innovation, which is imperative. This interview has been edited for clarity.

Banking 105

Banking Economics Currencies Finance 105

PYMNTS

SEPTEMBER 28, 2016

Earlier this week, blockchain arrived on Capitol Hill by way of the formation of the Congressional Blockchain Caucus focused on examining and educating lawmakers on the payments technology and issues associated with the digital currency. The bill is a direct aim against losing financial innovation to the U.K.’s

Startups 74

Startups Currencies Education Banking 74

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

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. Key Takeaway: Embracing digital payment technologies can lead to substantial efficiency gains.

CFO 52

CFO Strategic Planning Currencies Prioritization 52

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

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. JPMorgan also invested significantly in artificial intelligence and machine learning, identifying 400 instances where the technology can improve fraud detection.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

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. Spain’s very first banking blockchain consortium is now comprised of 33 percent of the country’s banks.

Financial Systems 68

Financial Systems Technology Healthcare Banking 68

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). Additional steps may be necessary to properly segment and secure bank networks if employees use personal devices to connect to bank systems,” the OCC wrote.

Compliance 66

Compliance Banking Currencies Financial Systems 66

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

Benchmarking Foreign Exchange Forecasting Economics 98

PYMNTS

AUGUST 29, 2019

Sentbe has done billions of local transactions, and MoneyGram says the company lines up with its own goal of giving customers a broad range of options when it comes to digital currency transfers. . Sentbe, which is based in South Korea, wants to improve cross-border person-to-person money transfers by using new technology.

Banking 75

Banking Currencies Financial Systems Technology 75

PYMNTS

APRIL 9, 2020

Below, PYMNTS looks at some of the other payments and financial technology companies that are either innovating on top of existing rails or looking to bypass those legacy networks altogether with entirely new solutions. Sila Raises Funding to Nix ACH. Billhop Eases B2B Card Acceptance. The company has rolled out its service in the U.K.

B2B 83

B2B Invoicing Banking Currencies 83

PYMNTS

AUGUST 14, 2019

Cooperation in an environment that is rapidly advancing on many technological fronts was the theme when FinCEN Director Kenneth A. When it came to technology, Blanco was specifically interested in – and concerned about – two main areas. Mobile Gaming And Digital Currency . million.

Compliance 65

Compliance Currencies Financial Systems Securities 65

PYMNTS

JANUARY 20, 2021

We already have good examples of embedded B2B finance to go by in manufacturing, technology and professional services: A limited number of firms are using embedded payments to streamline the international invoicing and AR processes with their customers. This simplifies a typically complex, costly and slow process for both parties.

B2C 70

B2C B2B Currencies Invoicing 70

PYMNTS

JULY 30, 2019

In a hearing titled “Examining Regulatory Frameworks for Digital Currencies and Blockchain,” the United States Senate Banking Committee heard from industry participants and analysts, with a common refrain that potential and risk are in the offing, and new regulations are needed. In crypto, only a few trust? In remarks Tuesday (July 30), Sen.

Currencies 56

Currencies Financial Systems Banking Securities 56

PYMNTS

JUNE 30, 2020

BIS General Manager Agustín Carstens called the move “an investment in the future of central banking and the financial system.”. BIS, in surveying 66 of the world’s banks, has also seen a shift toward creating central bank digital currencies (CBDC).

Currencies 59

Currencies Financial Systems Communication Banking 59

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. Check out the Tracker® to read more. About The Tracker.

Banking 86

Banking Compliance Currencies Financial Systems 86

PYMNTS

DECEMBER 4, 2018

The agencies tied to the joint release include the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration and the Office of the Comptroller of the Currency. financial system.”.

Compliance 64

Compliance Currencies Financial Systems Banking 64

PYMNTS

OCTOBER 5, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. Brussels also aims to have big platforms allow users to remove programs that come already installed on technologies like computers and smartphones.

Banking 91

Banking Compliance Advertising Tax Planning 91

PYMNTS

SEPTEMBER 22, 2016

As digital currencies, like bitcoin, expand their reach and more people pay using their smartphone, there are concerns that the U.S. Definitely for it,” said Siddhartha Sharma, chief technology officer at Hedgeable. The FinTech industry is undoubtedly a competitive one — never mind the cross-country rivalry. To make sure the U.S.

Treasury 77

Treasury Education Currencies Financial Systems 77

Global Finance

SEPTEMBER 4, 2024

“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

PYMNTS

OCTOBER 19, 2016

Their investment strategies are also impacted by the issue of currency risks and inflation, both cited by about a fifth of survey respondents as a top macroeconomic concern. Most of the CFOs surveyed also said technology is changing the way they do business, and many of these professionals are reluctant to adopt disruptive tools.

Treasury 70

Treasury Economics Prioritization Leadership 70

PYMNTS

JUNE 30, 2017

Things that run the gamut from being more or less variations on existing database technologies to things that are really sci-fi and exciting but very different than anything that is out there right now,” he explained. Also important, he added, is resisting the tendency to attempt to boil the ocean in response to an emerging technology form.

B2B 77

B2B Banking Currencies Leverage 77

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. to examine the impact of the proposed merger between BB&T and SunTrust banks to form Truist Financial. Committee Chairwoman Maxine Waters, D-Calif.,

Currencies 66

Currencies Financial Systems Banking Planning 66

PYMNTS

NOVEMBER 2, 2020

In other news, the Reserve Bank of Australia (RBA) is exploring the potential of a central bank digital currency (CBDC), in partnership with the National Australia Bank , Commonwealth Bank , Perpetual Limited and ConsenSys Software , the bank announced in a press release. RBA expects to finish the project at the end of this year.

Banking 64

Banking Risk Management Compliance Currencies 64

PYMNTS

MAY 15, 2019

In payments, to gain technology, reach and new use cases (and, sometimes, all of the above at once), the debate has always boiled down to “build or buy.” These firms and providers no longer need to go through “50 operating environments to manage currencies and local rails. That’s what we are driving [toward].

Treasury 74

Treasury B2C Financial Systems Banking 74

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