PYMNTS

NOVEMBER 10, 2020

New technologies such as stablecoins — privately-issued digital currencies — could transform the way people store and exchange their money, making payments cheaper and faster,” the release stated. Regulators are slow, and there’s a reason we’re slow,” she said, speaking at CoinDesk ’s Bitcoin for Advisors event. “We

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Payments Source

NOVEMBER 13, 2018

Policymakers and industry officials should join forces in creating regulations and standards for cryptocurrencies, artificial intelligence and other innovations before they become more widespread.

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PYMNTS

APRIL 5, 2020

OneConnect Financial Technology and China Merchants Port Group ( CMPort ) will work to create a blockchain-based system with Shenzhen customs to serve the Guangdong-Hong Kong-Macao Greater Bay Area. The firm claimed it would return customer funds, but allegedly was in the process of liquidating the bitcoin for around $147 million.

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PYMNTS

DECEMBER 24, 2020

Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And one of the most notable events of 2020 was the big appreciation in bitcoin’s price, tied as it is (and was) to optimism about cryptos’ future.

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PYMNTS

OCTOBER 30, 2019

The People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. His comments even caused a price boost of bitcoin and blockchain stocks to the point that the Chinese state media advised people to stay levelheaded.

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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.”.

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The Paypers

APRIL 26, 2024

US-based financial technology conglomerate Block has decided to link its merchant services system Square and peer-to-peer payments app Cash App.

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Bankelele

JUNE 29, 2017

Kenya’s Capital Markets Authority (CMA) has proposed rules to create a regulatory fintech sandbox for innovations which do not fit within the country’s current financial regulatory framework. The post Kenya CMA drafts Sandbox Rules to test Bitcoin and other Fintech appeared first on Bankelele.

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PYMNTS

JANUARY 20, 2020

Thus, the RBA is positing the creation and administration of a digital offering that would track the Australian dollar, as well as ostensibly sidestep the volatility that has marked the likes of bitcoin and its brethren. As a] unit of account, people don’t post their prices in bitcoin, even [at] bitcoin conferences.

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PYMNTS

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

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PYMNTS

DECEMBER 4, 2019

OneConnect Financial Technology , the blockchain and AI subsidiary of China’s top insurance company Ping An Insurance, has filed paperwork for the terms of its IPO, where it will seek to raise between $432 million and $504 million. “I really see the world of crypto and digital exchanges being at that pivotal point,” he said. “If

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The Paypers

MARCH 29, 2023

Bitcoin custodian and licensed private bank Xapo Bank has partnered with financial technology company Circle to integrate USD Coin payment rails as an alternative to SWIFT.

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PYMNTS

AUGUST 3, 2020

One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets.

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Chris Skinner

MARCH 11, 2017

There are … BIS endorse Distributed Ledger Technology (DLT) for payments clearing and settlement I’ve just been alerted by friend Gijs Boudewijn to the release of a fascinating white paper by BIS, the Bank for International Settlements (the guys who do Basel stuff and are big cohonez in banking circles). However, it’s still early days.

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PYMNTS

JANUARY 21, 2021

Globe Telecom’s financial technology division, Globe Fintech Innovations of the Philippines, notched $175 million in additional venture funding in January. Plus, TransferWise is anticipated to file its initial public offering (IPO) with joint coordinators Goldman Sachs and Morgan Stanley.

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PYMNTS

JANUARY 12, 2017

blockchain banking payment technology company, said Wednesday (Jan. 11) its digital currency, dubbed XRP, will begin trading on Bitstamp, the Europe-based bitcoin exchange. Just like bitcoin, XPR can be moved around the globe in a speedy fashion and with anonymity. Ripple, the U.S.

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PYMNTS

FEBRUARY 28, 2018

Taiwan’s central bank is looking into implementing blockchain technology in order to improve its operations. Big Data and even artificial intelligence and other technologies [will] help our bank to predict and analyze economic and financial conditions more effectively.”. “In

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American Banker

JUNE 6, 2016

Federal Reserve Chair Janet Yellen encouraged her fellow central bankers to accelerate their studies of new financial technologies, specifically mentioning bitcoin, the blockchain, and other distributed ledgers, according to the trade group whose conference she attended.

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PYMNTS

JANUARY 20, 2020

Thus, the RBA is positing the creation and administration of a digital offering that would track the Australian dollar, as well as ostensibly sidestep the volatility that has marked the likes of bitcoin and its brethren. As a] unit of account, people don’t post their prices in bitcoin, even [at] bitcoin conferences.

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PYMNTS

JANUARY 24, 2018

Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. SEC Chairman Jay Clayton spoke Monday (Jan. securities bar.”.

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Bankelele

MARCH 1, 2017

Recent events in the fintech (financial technology) payment space in East Africa. The post Fintech Moment in East Africa: AmEx FT Pesalink Bitcoin appeared first on Bankelele. Pesalink is a fully owned subsidiary of KBA and it will enable customers to make […].

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PYMNTS

MAY 30, 2018

We recognize that so often the case is with new technology, there is a needle you have to thread,” he added later. “If If you don’t give any regulation at all, it has the chance to go off the rails and completely burn itself out, which is where I was fearing bitcoin was going to a couple months ago if they haven’t already.

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PYMNTS

SEPTEMBER 14, 2016

House of Representatives, asking the government to establish a national policy for technology. The resolution implies that bitcoin and blockchain technology are ways to help the unbanked and empower the consumer. A non-binding resolution was passed on Monday (Sept. 12) by the U.S.

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PYMNTS

JANUARY 8, 2020

In addition, there will be examination of transfer agents (which help to settle transactions) that are developing blockchain technology. There are as of yet no bitcoin ETFs approved for trading. The decision had originally been scheduled for Dec. 28, but it is now slated for the end of February.

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PYMNTS

AUGUST 2, 2016

Department of Commerce’s International Trade Administration said in its “ 2016 Top Markets Report Financial Technology ” that Asia will hold sway over other regions. The confluence of technology and demographics means that the transition to the cashless economy is afoot. Department of Commerce in the report.

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PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. Cross-Border Friction — And Bitcoins And Blockchain.

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PYMNTS

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners.

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PYMNTS

NOVEMBER 11, 2016

Political conflict has wreaked havoc on the country’s financial health over the years, which has, in turn, caused many global venture capitalists to look elsewhere and talent to drastically exit in search of better opportunities. It is of no less significance than the creation of the internet. With the U.K.’s

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Abrigo

MAY 20, 2015

It’s not just the technology industry that is constantly evolving – many other industries must also remain adaptable to the changing landscape of the American consumer. An innovation like that can make the Apple Watch and Bitcoin seem archaic in comparison. One such industry is banking.

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PYMNTS

NOVEMBER 3, 2019

Huang Qifan, vice chairman of the China International Economic Exchange Center (CCIEE), revealed at the Bund Financial Summit 2019 in Shanghai that the People’s Bank of China will be launching a yuan-pegged Sovereign Digital Currency, likely becoming the first central bank in the world to launch a digital currency. “We

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Independent Banker

FEBRUARY 24, 2016

Thus, it’s not shocking that millennials are a driving factor in the growing financial technology, or FinTech, movement. Financial institutions are quickly rethinking how to engage the largest generation in American history and restructuring traditional banking processes, and it’s all centered on creating more accessible technology.

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Let's Talk Payments

SEPTEMBER 8, 2017

Startup Stories highlights the companies that are shaping the new Financial Technology industry. MEDICI now! Keep an eye out each week for new stories! If you or someone you know.

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Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. stake in Valley Bank.

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NCR

JUNE 1, 2016

Think of a technology-enabled phenomenon that leads to the creation of what is essentially a completely new medium that disrupts every kind of existing practice but entire industries. That’s surely the simplest way to describe the Internet itself, of course, but does it also apply to blockchain as a whole and Bitcoin in particular?

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NCR

DECEMBER 5, 2016

Not so long ago, blockchain technology was still something of a peripheral concern for most traditional financial institutions. Seen mainly as simply a part of the underlying infrastructure behind virtual currencies like Bitcoin, it was not considered a priority by many banks. appeared first on Banking.com.

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PYMNTS

AUGUST 10, 2016

A year ago, bitcoin was hot, companies rushed to add bitcoin to their checkout form. But when we started to look deeper we found an iceberg where our consumer app was one tiny piece of the front-end technology, and 90 percent of the work was beneath the surface on the back-end payment platform. Bill Clerico founded WePay, Inc.

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PYMNTS

JULY 26, 2017

Developers platforms have quickly gone from being cutting edge to being something like table stakes for serious financial technology players, as Karen Webster observed in a recent conversation with Vantiv’s Head of Developer Integration’s Matt Ozvat — “it feels a bit like everyone out there has their own version of a platform for the developer.”.

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