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Lessons Learned From the Fourth United States Bank Failure of 2023

Perficient

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. In 2011, Hanes put together a local investment group that purchased the bank from its former holding company, and he became President and CEO of the new bank. He was promoted to President and CEO in 2008.

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Today In Payments: Apple Parts Maker Foxconn Back To Work In China; Two Chinese Nationals Laundered $100M In Crypto

PYMNTS

In today’s top news, Apple manufacturer and supplier Foxconn has returned to production, the Department of Justice charged two Chinese nationals with laundering over $100 million in cryptocurrency, and TurboTax’s deal to buy Credit Karma has sparked antitrust concerns. Two Chinese Nationals Charged With Laundering $100M In Crypto.

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Barclays Shuts Down Online Banking Services on Easter Weekend

Bank Innovation

bank said it will be switching off access to 24 million customers as the bank restructures itself as required by national regulation. These changes were established by the Bank of England in 2011, and is referred […]. Barclays customers across Europe will not be able to use their mobile banking app this weekend. The major U.K.

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How Singapore Is Fueling A ‘Smart Nation’

PYMNTS

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Between 2011 and 2015, the government allocated $16 billion to help accelerate Singapore’s research, innovation and enterprise landscape. With an estimated population of just 5.47

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Tel Aviv Fuels Israel’s ‘Startup Nation’ Reputation

PYMNTS

Acceleration In the Startup Nation. Because it has more startups per capita than any other place in the world, Israel has gained the nickname “startup nation.” The company uses a chat-driven, bot-powered interface for security to help address the widening skills gap in many security operations teams.

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China May Move To Ban Bitcoin Mining

PYMNTS

According to a report in Reuters , citing China’s state planner, the National Development and Reform Commission, the agency is facing mounting pressure from the government to control the cryptocurrency market and as a result, may move to ban bitcoin mining. The list was first made back in 2011, noted the report.

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FinCEN AML/CTF Priorities Part 6: Transnational Organized Crime (TOC)

Abrigo

When the Financial Crimes Enforcement Network (FinCEN)’s released its inaugural national priorities list for policy related to anti-money laundering and countering the financing of terrorism (AML/CFT), one of the eight priorities included on the list was transnational organized crime (TOC). It is also growing. .

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