CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space. In the introduction to the RFI, the FHFA noted President Biden’s March 2022 executive order.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

CB Insights

NOVEMBER 11, 2022

Turbulent market conditions have rattled capital markets tech funding, which fell 84% YoY in Q3’22. . Nevertheless, continued investment and partnership activity in the space highlight emerging technologies that are helping firms use data to improve efficiency and maximize planning process outcomes. ESG reporting requirements.

Capital 66

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CB Insights

OCTOBER 29, 2020

Capital markets infrastructure powers the trade of stocks, bonds, and other securities, handling $3000T+ in transactions each year. But a growing number of companies want to employ distributed ledger technology (DLT) — which uses tech like blockchain to offer a simpler, streamlined way to verify transactions — to upend this status quo.

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PYMNTS

AUGUST 23, 2019

The bond, which is due August 2020, is the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger (blockchain) technology. It’s managed by the Commonwealth Bank of Australia ( CBA ), RBC Capital Markets ( RBC ) and TD Securities ( TD ).

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CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Company Name. Phone number.

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PYMNTS

JANUARY 19, 2018

The hot topics in B2B venture capital these days are often cutting-edge technologies like blockchain and data analytics. Indeed, these spaces secured significant funding in this week’s B2B venture capital roundup. But a lesser-discussed market grabbed the largest investment of the week: logistics. Cybersecurity.

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Chris Skinner

JULY 18, 2017

Now that it has burst, the interview seems quite prescient so, here it is … UBS interview with Chris Skinner Cryptocurrencies – digital currencies based on encryption – are in the midst of a bubble, but that should not overshadow the genuinely transformative change that is taking place within the financial services industry.

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Bank Innovation

APRIL 25, 2018

Cryptocurrency startup MobileCoin has just raised $30 million for the expansion of its technology, which will link the startup’s cryptocurrency network into mobile messaging applications such as WhatsApp or Signal.

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PYMNTS

JUNE 1, 2020

Mint’s decision to phase out production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be digital by 2030, Bloomberg News reported. The company raised $350 million in 2018 for startups working on the blockchain technology underpinning digital coins.

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PYMNTS

DECEMBER 13, 2017

The commentary reflects the surging value of cryptocurrencies and how eager investors are to take part in the industry. 250 | The number of countries’ government-issued IDs that identity verification solutions provider Jumio’s technology can currently verify, including multiple generations of IDs from all 50 U.S.

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Bank Innovation

NOVEMBER 16, 2018

And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. Innovation is expensive. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.

Innovation 150

Innovation Technology Google Compliance 150

Bank Innovation

NOVEMBER 16, 2018

And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. Innovation is expensive. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.

Innovation 150

Innovation Technology Google Compliance 150

PYMNTS

NOVEMBER 30, 2020

Pizza Hut will now accept cryptocurrency as a form of payment at its stores in Venezuela, Cointelegraph reported. 27 that it was partnering with the pizza chain to process cryptocurrencies, including Bitcoin, Litecoin, Binance Coin, Binance USD, Tether, Dash, Ether, Dai and XPT, Cryptobuyer’s native coin.

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PYMNTS

AUGUST 23, 2020

OSL, a member of BC Technology Group, will be allowed to operate a brokerage and trading platform for digital assets, such as security tokens, the release stated. The money is mostly invested in cryptocurrencies and other such businesses, and it's comprised of cryptocurrency assets, equity in companies and unspent cash from investors.

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PYMNTS

APRIL 11, 2018

Ripple , the blockchain company, announced news on Wednesday (April 11) that it has invested $25 million of its XRP cryptocurrency in Blockchain Capital’s $150 million fund Blockchain Capital Parallel IV. Blockchain Capital is the premiere fund for any project looking to get off the ground in the blockchain space.

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PYMNTS

MARCH 1, 2019

Facebook , Telegram and Signal are looking to launch their own cryptocurrencies that will allow users to send money internationally on their messaging systems. It’s pretty much the most fascinating thing happening in crypto right now,” said Eric Meltzer, co-founder of venture capital firm Primitive Ventures.

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PYMNTS

DECEMBER 20, 2018

Adoption of cryptocurrency by large fund managers is being hurt by the difficulty cryptocurrency exchanges and traders located in Asia are having trying to get insurance to protect against hacks and theft. However, getting such coverage is almost impossible despite their best efforts.”.

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PYMNTS

DECEMBER 18, 2019

18) outlined key risks associated with cryptocurrency in general and Facebook’s Libra in particular. At the start of Benoît’s ECB term, bitcoin’s market capitalization was small, and only a handful of cryptocurrencies existed. Federal Reserve Gov. Lael Brainard on Wednesday (Dec.

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PYMNTS

SEPTEMBER 30, 2018

Ripple , the blockchain startup, is heading up a new cryptocurrency lobbying group called Securing America’s Internet of Value Coalition. Its founder is the former chief technology officer at Ripple. Meanwhile, Hard Yaka is developing a prepaid card that lets users spend Ripple balances on the spot.

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Groups cryptocurrency blockchain Regulation 192

PYMNTS

APRIL 3, 2019

Andreessen Horowitz has revealed that it is transitioning from being a venture capital (VC) firm to a registered investment advisor (RIA). Last year Andreessen Horowitz became the first venture capital firm to raise a large fund focused on cryptocurrencies, worth $300 million. Securities and Exchange Commission.

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PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2

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PYMNTS

JULY 24, 2020

Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. Last week, Revolut, which recently debuted in the U.S.

San Francisco 255

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CB Insights

MAY 8, 2018

While the prices of cryptocurrencies and cryptoassets have fallen from their 2017 peaks, equity investment into blockchain startups is on pace to hit all-time highs in 2018. See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology. THE FUTURE OF BLOCKCHAIN TECH.

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PYMNTS

DECEMBER 17, 2019

The popular cryptocurrency could stay under pressure as those behind the PlusToken scandal unload tokens. Additional cryptocurrencies like Ether were also utilized to reportedly swindle investors. And the reported “tech mastermind” who assisted Bitmain Technologies Ltd. The price of bitcoin was $6,875.71 as of 2 a.m.

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PYMNTS

MAY 1, 2018

” Buffett has long been wary of bitcoin: He called the cryptocurrency a “mirage” back in 2014. ” In other news, Venezuela is looking to increase use of its Petro cryptocurrency, NewsBTC reported. Bacoin is “the first ever cryptocurrency backed by the gold standard of Oscar Mayer bacon,” the company said in a press release.

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PYMNTS

FEBRUARY 26, 2019

Jamie Dimon, the CEO of JPMorgan Chase, said the bank’s new cryptocurrency, JPM Coin, could one day be used by consumers, according to CNBC. The bank became the first to create its own cryptocurrency earlier this month. Dimon called bitcoin a “ fraud ” during the apex of the crypto boom.

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PYMNTS

DECEMBER 14, 2018

Boerse Stuttgart Group , Germany’s second-largest stock exchange, has announced the launch of its own cryptocurrency trading platform in the first half of 2019. “With its combination of technology and banking expertise, solarisBank is a great partner for us to offer central services along the value chain for digital assets.

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PYMNTS

JANUARY 28, 2021

With more emerging use cases and an increasingly accepting regulatory landscape, cryptocurrencies are gaining traction in new areas of the market, and corporate treasurers want in. Initially, businesses began to dabble in crypto with an experimental approach to the technology. But it may not be smooth sailing ahead.

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PYMNTS

OCTOBER 3, 2017

Cryptocurrencies may have naysayers on Wall Street, but Goldman Sachs isn’t one of them, according to news from The Wall Street Journal. Citing people familiar with the matter, the Wall Street Journal reported that Goldman Sachs is mulling whether to launch a new trading business that is focused on bitcoin and other cryptocurrencies.

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PYMNTS

FEBRUARY 19, 2019

As CoinDesk explained, the cryptocurrency’s boost indicates a bearish-to-bullish trend change, but it is still stuck in a symmetrical triangle. The new regulations state that these futures exchanges and clearing houses need to have paid-up capital of at least 1.5 trillion Indonesian rupiahs.

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PYMNTS

SEPTEMBER 29, 2020

With more countries and regions embarking on the modernization of their payments systems to capitalize on real-time technologies and customer demand, the market opportunity is significant,” said Paul Stoddart , Mastercard president of new payment platforms. Payments giant Mastercard, based in Purchase, N.Y.,

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CB Insights

MAY 21, 2021

Trade Republic , a commission-free trading app, has raised $900M in a Series C with participation from Founders Fund, Sequoia Capital, Accel, and Technology Crossover Ventures, among others. The post Sequoia Capital-Backed Trade Republic Raises $900M To Expand Commission-Free Trading appeared first on CB Insights Research.

Capital 36

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PYMNTS

FEBRUARY 13, 2019

South Korean cryptocurrency exchange Bithumb announced the launch of its own fiat-to-crypto exchange in the United Arab Emirates (UAE) with UAE-based firm Nvelop. In other news, Chainalysis , a crypto transaction analysis startup, announced that it has raised $30 million in Series B funding, led by venture capital (VC) firm Accel.

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PYMNTS

NOVEMBER 20, 2019

Cryptocurrency forensics and analysis firm Elliptic found that roughly $400 million worth of XRP tokens on the Ripple payment network is connected to illegal transactions, Elliptic said in a press release on Wednesday (Nov. XRP has a market capitalization of about $10.98 percent of total XRP transactions. . “We billion this year.

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PYMNTS

JULY 18, 2018

In the cryptocurrency market, some weeks are better than others. And this week, so far, is shaping up to be a strong time for bitcoin amid some positive developments, as the popular cryptocurrency reached almost $7,500 mid-Wednesday after falling to below $5,800 at the end of June. The week kicked off with the news that BlackRock Inc.

Bitcoin 102

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PYMNTS

JANUARY 24, 2018

The freight industry has just seen its first transaction settled via cryptocurrency. The company, headed by Chief Executive Officer Ivan Vikulov, is the result of collaboration between Quorum Capital and Interchart. As far as we know, this is the first freight deal done in cryptocurrency.”. Reports in Bloomberg on Tuesday (Jan.

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PYMNTS

JULY 29, 2020

Now, the use of distributed ledger technology (DLT) will help garner new blockchain advantages in direct peer-to-peer technology and more security through immutability. That way, even those operating in shorter-term positions will have access, the release reads. dollars, with privacy coins not allowed.

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