Author: hjenkins42

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in digital currencies, Doing Business Overseas, Trade & Industry

PayPal Holdings Inc. is pushing deeper into the rapidly expanding “buy now, pay later” arena by offering installment loans for larger purchases. Photo by Gabby Jones/Bloomberg Consumers will be able to make monthly payments on purchases of $199 to $10,000 for as long as two years, PayPal said in a statement. Annual percentage rates on…

Stablecoin News for the week ending Wednesday 15th June.

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in digital currencies, Doing Business Overseas, Trade & Industry

Here is our pick of the 3 most important Stablecoin news stories during the week. The what and how of Regulations! This week as markets continued to crash the discussion increased about what and how the stablecoin and broader Crypto market should be regulated. Everyone seems to be waiting on the U.S. which could have a…

Keeping human eyes on AI for regulatory tech compliance

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in digital currencies, Doing Business Overseas, Trade & Industry

Legacy banks have been historically slow to adopt technology. This is changing rapidly today, as intense competition has compelled these banks to overhaul their dated technology. This overhaul will have a profound effect on regulatory compliance, a dusty but vital corner of investment banking and capital markets. Challenges of tech adoption in compliance We are…

Listen: Green Dot sees opportunity in gig economy, SMB

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in digital currencies, Doing Business Overseas, Trade & Industry

Two trends emerging as opportunities for banking-as-a-service (BaaS) are the growth of the gig economy and small businesses, and Green Dot, the fintech and holding company that powers services for Uber, Walmart, Amazon Flex and Intuit, is getting in on the action. Green Dot is currently focusing on those BaaS opportunities, Amit Parikh, executive vice…

Seattle Bank CIO Jayson Callies joins Bank Automation Summit Fall

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in digital currencies, Doing Business Overseas, Trade & Industry

Jayson Callies, chief information and innovation officer at Seattle Bank, will join Bank Automation Summit Fall 2022 to speak on the “Embedded Finance: Frontiers in Open Banking” panel on Monday, Sept. 19 at 1:45 p.m. PT. Bank Automation Summit Fall 2022 will be held Sept. 19-20 at the Hyatt Olive 8 in Seattle. The Summit…

Voice Verification Solution Provider Illuma Labs Secures Investment from NYCUA and UsNet

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in digital currencies, Doing Business Overseas, Trade & Industry

Illuma Labs, maker of the Illuma Shield voice verification platform, raised new funding this week from NYCUA and UsNet. The amount of the investment was not disclosed. The funding comes one year after Illuma Labs secured $2.5 million in funding from the Curql Fund. This week’s funding comes one month after the company partnered with…

DeFi in turmoil as eye-popping yields prove too good to be true

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in digital currencies, Doing Business Overseas, Trade & Industry

The notion that the cryptocurrency industry has near-magical powers to pay out yields that dwarf those found in the traditional financial world without much added risk is undergoing a rapid and painful reality check. The Terra Luna stablecoin logo on a smartphone Photographer: Gabby Jones/Bloomberg Barely a month after the dramatic collapse of the Terra blockchain, whose Anchor protocol…

EU debates how to apply travel rule to cryptoassets

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in digital currencies, Doing Business Overseas, Trade & Industry

Electronic payment transactions in the EU generally need to be accompanied by information about the payer and payee. EU lawmakers are now debating how to extend this requirement, known as the “travel rule”, to combat money laundering via cryptoassets. The proposals have raised concerns in the industry about how cryptoasset service providers could comply with…

Five Key Features for Creating the Optimal Risk Decisioning Solution

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