PYMNTS

JANUARY 26, 2021

Signal is exploring the idea of adding cryptocurrency payments into its messaging app by integrating MobileCoin , a cryptocurrency supported by the Stellar blockchain, Platformer reported. Signal CEO Moxie Marlinspike “played down,” the cryptocurrency developments, telling Platformer it was only some “design explorations.”. “We

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PYMNTS

MARCH 29, 2019

It isn’t known if the partnership will include cryptocurrency or not, especially since the Reserve Bank of India (RBI), the country’s central bank, issued a statement saying it wouldn’t support the digital currency. Regardless of its position on cryptocurrency, the country is very pro-blockchain.

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Perficient

JANUARY 31, 2022

A couple of weeks ago, Crypto.com, one of the fastest-growing cryptocurrency platforms, was hacked on January 17, 2022. We shouldn’t be that surprised. One area mentioned by the company as an issue was a gap in its multi-factor authentication (MFA) system.

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Abrigo

DECEMBER 10, 2024

The statement provided examples of risk management and other practices that may be effective in combatting this often-underreported crime. This newer form of cryptocurrency fraud targets older adults by luring them into fake investment schemes, sometimes taking months to coerce as much money from the victim as possible.

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PYMNTS

DECEMBER 10, 2018

Facebook already has about a dozen people working on blockchain and cryptocurrency. Facebook CEO Mark Zuckerberg has been vocal about his support of cryptocurrency and blockchain, and the potential to use them to “take power from centralized systems and put it back into people’s hands.”.

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Perficient

JUNE 25, 2024

Learning from history, he referenced the lack of regulatory controls in derivatives and financial engineering before the 2008 financial crisis, and more recently, the unregulated growth of cryptocurrencies leading to the “Crypto Winter” of 2022.

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PYMNTS

NOVEMBER 19, 2019

Cryptocurrency risk management platform TRM Labs announced that it has raised $4.2 Founded in 2018, TRM helps financial institutions across the US, Latin America, Asia and Europe to measure, monitor and mitigate their cryptocurrency risk exposure, enabling them to simplify customer due diligence and meet regulatory requirements.

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PYMNTS

JULY 22, 2020

The Monetary Authority of Singapore (MAS) has proposed new regulations on cryptocurrency that will include those engaging in overseas activity, in an expansion on rules for the sector, according to a press release.

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Perficient

SEPTEMBER 16, 2022

The Federal Reserve will require a firm, prior to engaging in crypto-asset-related activities, to have in place adequate systems, risk management, and controls so the new activities are practiced in a safe and sound manner that is compliant with applicable consumer protection statutes and regulations. Financial risk.

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PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. Certainly, the use and availability of cryptocurrencies is another emerging area that is contending with its own unique set of compliance issues, but it is also one Wingert said appears to be closing gaps in regulation.

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PYMNTS

JUNE 27, 2018

According to Frey, if an exchange rate shift of more than 10 percent would negatively impact a company’s PNL (profit and loss) or ability to generate revenue, then, regardless of size, that company should deploy an FX risk mitigation strategy. That’s because mitigation against currency volatility isn’t an isolated endeavor.

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CFPB Monitor

JULY 27, 2020

cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys associated with cryptocurrency.” Through intermediated exchanges of payments, banks facilitate the flow of funds within our economy and serve important financial risk management and other financial needs of bank customers.

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Bobsguide

APRIL 7, 2022

London (5 April 2022): TS Imagine , the leader in trading, portfolio and risk management solutions for capital markets, today announces that it has successfully integrated with crypto platform Gemini. Gemini is a platform that allows customers to buy, sell, store, and earn cryptocurrencies like bitcoin, ether, and DeFi tokens.

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Payments Source

NOVEMBER 19, 2019

million for cryptocurrency risk management platform TRM Labs. PayPal Ventures is part of an investment group that has raised $4.2

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PYMNTS

SEPTEMBER 30, 2018

1) that IdentityMind’s pioneering compliance, risk management and fraud prevention platform has integrated CipherTrace ’s digital currency risk assessment technology. IdentityMind Global announced Monday (Oct.

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PYMNTS

NOVEMBER 2, 2020

“With this project we are aiming to explore the implications of a CBDC for efficiency, risk management and innovation in wholesale financial market transactions,” said Assistant Governor of the Financial System Michele Bullock in the release. RBA expects to finish the project at the end of this year.

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BankInovation

MARCH 23, 2022

Cross River Bank announced Wednesday that it will use blockchain data company Chainalysis for cryptocurrency compliance. The $5 billion bank will integrate Chainalysis’ real-time transaction compliance platform, investigations technology and risk management software into its existing crypto build.

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PYMNTS

MARCH 7, 2018

Japan’s Financial Services Agency is sending what Reuters terms “administrative punishment notices” on several of the nation’s cryptocurrency exchanges and some may be forced to suspend operations, the newswire reported , citing Nikkei’s business daily.

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Banking Exchange

JUNE 9, 2021

ABA warns of wide-ranging impacts of central bank digital currencies Risk Management Technology Feature3 Fintech Feature Financial Trends Blockchain Bitcoin Cryptocurrency.

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Payments Source

MARCH 15, 2018

Merchants that accept bitcoin and other cryptocurrencies need an increased focus on the ways that fraudsters might try to exploit them.

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PYMNTS

MARCH 12, 2018

As cryptocurrencies fuel discussions on forums and news websites, a new version of a Thomson Reuters Corp tool will capture online chatter around bitcoin. According to Google’s data, searches for the term have plummeted by 80 percent since the cryptocurrency’s high in Dec.

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PYMNTS

JANUARY 13, 2021

The OCC conditionally approved the charter, meaning Anchorage had to agree to comply with certain capital and liquidity requirements, as well as the OCC’s risk management rules, the release stated. After receiving payments, the conspirators would convert them to cryptocurrency and send that to money launderers abroad, like Iossifov.

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PYMNTS

JUNE 18, 2020

Kellermann said there has been a rise in the instances of thefts and hacks at cryptocurrency exchanges. The IAMAI intends to work together with policymakers as well as regulators on a “sustainable policy framework” for digital assets in India to foster innovation in addition to the necessary procedures for risk management and security.

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Banking Exchange

JANUARY 6, 2023

Regulators have started 2023 with warnings surrounding investment in crypto for banks Risk Management Feature Feature3 Blockchain Bitcoin Cryptocurrency Digital Compliance Compliance/Regulatory.

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Banking Exchange

NOVEMBER 16, 2022

FTX filed for bankruptcy last week, but the OCC says US banks were largely unaffected Risk Management Technology Feature Feature3 Cryptocurrency Blockchain Bitcoin.

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Banking Exchange

AUGUST 2, 2021

Academics argue that universal digital dollars could threaten financial stability and privacy Risk Management Technology People Feature3 Feature Financial Trends Blockchain Bitcoin Cryptocurrency.

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Banking Exchange

JUNE 30, 2021

Randal Quarles “skeptical” of the proposed benefits of a Federal Reserve-backed digital currency Risk Management Technology Payments Feature3 Feature Bitcoin Cryptocurrency Blockchain.

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Banking Exchange

JANUARY 25, 2023

NY-based Signature hits out at media coverage while Silvergate Bank cuts headcount to manage costs Risk Management Digital Blockchain Bitcoin Cryptocurrency Feature Feature3

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PYMNTS

MARCH 6, 2019

Blockchain is increasingly garnering headlines and attention for its use cases beyond cryptocurrencies. One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management.

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Banking Exchange

JANUARY 11, 2023

Pivot away from digital assets has been in the works since 2017, says Metropolitan Commercial’s CEO Risk Management Blockchain Bitcoin Cryptocurrency Feature Duties Feature3 Technology Digital.

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Banking Exchange

JANUARY 6, 2022

billion, and the Bitcoin market is about $700 million, but the momentum is on the side of Bitcoin… Risk Management Feature3 Feature Financial Research The Economy Financial Trends Lines of Business Blockchain Bitcoin Cryptocurrency. The gold investment market is just over $2.5

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PYMNTS

JULY 27, 2020

Australia and Singapore … rolling out Revolut’s banking operations in Europe … strengthening risk management and compliance … multiple new product launches … $580m in new equity … and customer base up around 2.5x!” On July 15, Revolut began offering customers a way to buy cryptocurrency.

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PYMNTS

SEPTEMBER 25, 2018

. “It’s hard to escape from the hype surrounding all the possibilities available to finance leaders to help manage their organizational risk,” wrote D&B Global Head of the Trade Credit Business Eric Dowdell in the “ The Future of Risk Management ” report.

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FICO

DECEMBER 17, 2020

Cryptocurrency exchange rates have skyrocketed in the past month. According to a recent report , the total of cryptocurrency related frauds and thefts stands at a staggering $7.69b. At the same time, all top US banks now have customers transacting in cryptocurrency through virtual asset service providers (VASP’s).

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PYMNTS

JUNE 16, 2019

CoinDesk spoke to seven knowledgeable sources about GlobalCoin, also known as Project Libra, revealing that the project’s software has been delayed because of potential blockchain partners’ reluctance to work on something that doesn’t appear to be a true cryptocurrency.

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Banking Exchange

OCTOBER 14, 2019

Banks should not learn the wrong lessons, however Payments Technology Risk Management Financial Trends Cards Online Mobile Security Checks/Remote Deposit Capture Tech Management Operational Risk Compliance/Regulatory Cyberfraud/ID Theft Blockchain Fintech Feature Feature3.

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PYMNTS

FEBRUARY 15, 2018

As reported by Jakarta Globe , the bank had issued provisions to support innovation in the FinTech sector, also with the aim of supporting consumer protection, risk management and prudence. The central bank is also conducting a study on issuing digital currency.

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