Sun.Jan 19, 2025

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1Money announces USD 20 million funding for stablecoin payments

The Paypers

1Money has officially launched from stealth mode, unveiling USD 20 million in seed funding to develop its Layer 1 blockchain network designed for stablecoin payments.

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Trump's day one: fire Chopra, reset CFPB, elevate crypto

American Banker

A one-page outline of priorities for Trump's inauguration day obtained American Banker includes financial policy items, including firing Consumer Financial Protection Bureau Director Rohit Chopra, issuing a "reset" of that agency and designating crypto as a "national priority.

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Apple Wallet integrated mobile driver's licence for Illinois residents

The Paypers

Illinois’s Secretary of State has revealed plans to bring IDs in Apple Wallet to Illinois residents, aiming for a launch by the end of 2025.

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Brown Brothers Harriman’s slavery links exposed by Liverpool campaign

TheGuardian

Liverpool Black History Research Group accused Americas oldest private investment bank of sanitising its history The links between the founders of the USs most prestigious investment bank and enslavement have come under scrutiny after a campaign by historians in Liverpool. Brown Brothers Harriman (BBH) is Wall Streets oldest private investment bank, known for the role alumni have played in shaping US politics and the global economic order, with former partners including Prescott Bush , patriarch

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Uncertainty over UK car finance scandal is putting off investors, warn CEOs

TheGuardian

Industry figures say unknown compensation bill makes it difficult to operate owing to fears of retrospection The car finance commission scandal in the UK is causing concern across the City about the countrys approach to rules and regulation, with bosses and investors saying that the uncertainty is making it difficult to operate. Lenders caught up in the scandal could be facing a compensation bill of up to 30bn, according to some estimates.