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JPMorgan among winners as Latin American wealth flocks to Miami

American Banker

Wealth under management in Miami from Mexico clients alone increased by roughly 10% this year at JPMorgan, with similar gains coming from Argentina, Chile, Peru and several other Latin American nations.

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Bitcoin Daily: Unicas Opens Physical Crypto Bank Branch In India; Mayor Eyes Investing 1 Pct Of Miami's Reserves In Bitcoin

PYMNTS

In other news, Miami Mayor Francis Suarez, a nonstop social media cheerleader for the notion of building a high-tech ecosystem in South Florida, publicly embraced exploring using cryptocurrency to store some government financial reserves and blockchain to secure processes such as online voting.

Miami 201
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Bitcoin Daily: 7,000 Crypto ATMs Worldwide, Data Says; Marshall Islands Plans National Digital Currency

PYMNTS

The appointed organizer for the initiative, SFB Technologies, tapped the Algorand protocol because of its scalability, speed, security and its “ability to effectively implement required compliance controls and the transaction finality needed for a national currency.” At that time, Robocoin put a machine in a café in Vancouver.

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Passport, the technology business for city transit systems, raises $43 million

PYMNTS

Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. The money, from Bain Capital Ventures, will go to help the company expand its payment and transaction services nationally and internationally.

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Spreading out the asset risk

ABA Community Banking

The goal of the Miami-based firm — Capstack Technologies — is to create a national platform to sell or buy loans and deposits, giving small and regional banks access to national […] The post Spreading out the asset risk appeared first on ABA Banking Journal.

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Celebrating FinCrime Fighter Day: Honoring the heroes of financial security

Abrigo

Say "thank you" this National FinCrime Fighter Day BSA professionals and financial crime fighters are tasked with the challenge of protecting our financial system daily. October 26 is National Financial Crime Fighter Day , and it’s the perfect time to pause and applaud everything these professionals do.

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PNB, Nymbus launch digital bank Facile 

BankInovation

Miami-based Pacific National Bank is using a stand-alone digital brand called Facile to reach younger customers and position itself for long-term success. It’s aimed at giving the bank a peak into what we think banking is going to look like. There is certainly a change that is going on now,” said Carlos Mejia, senior vice […].

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