Category: digital currencies

After more than two years and 130 posts, we are concluding our regular programming on this channel with the following three items, all hailing from XBRL International. Thank you Bernard for providing this platform! Please continue following what’s happening in the world of XBRL by following XBRL International on Twitter and yours truly for tidbits on…

The U.S. Consumer Financial Protection Bureau (CFPB), which is tasked to protect consumers from unfair, deceptive, or abusive practices, has had a busy month. The bureau is in the headlines once again this week, this time with an update on the organization’s stance on regulating open banking and open finance. In an address to the…

Blockchain.com is launching a Visa debit card in partnership with Marqeta today. The fee-free card enables users to spend their crypto balance or cash within their Blockchain.com wallet. Blockchain.com counts 50,000 sign-ups for the card from users on its waitlist. Cryptocurrency platform Blockchain.com is making it easier for users to transact using crypto from their…

Experian announced a partnership with digital identity company Prove. The partnership will integrate up to four Prove solutions into Experian’s digital identity and fraud risk mitigation platform, CrossCore. Experian has been a Finovate alum since 2011. Earlier this month, the company announced a collaboration with U.K.-based NewDay. A global partnership between information services company Experian…

First Pryority Bank selected Teslar Software to automate workflows as the bank continues on a path of expansion.  The $315 million Pryor Creek, Okla.-based bank will be able to track exceptions, upload documents and automate workflows that previously required manual effort, according to a Teslar release. “Teslar’s technology, starting with pipeline and exceptions management tools,…

LAS VEGAS — The Consumer Financial Protection Bureau (CFPB) is planning to propose a new rule in 2023 requiring financial institutions to share consumer data upon consumers’ requests, CFPB Director Rohit Chopra said Tuesday at Money 20/20 in Las Vegas. As more financial institutions adopt open banking and data-sharing becomes the norm, a new rule…

Google added more than 12,000 employees in the third quarter, with around 2,600 solely focused on its cloud platform security. The company in March acquired cybersecurity firm Mandiant for $5.4 billion, and the cloud-based employee additions will help integrate new features into the Google Cloud platform, according to a company release. Google reported for Q3:…

Here is our pick of the 3 most important stablecoin stories during the week. Stablecoins and Crypto are stable whilst everything else is volatile! This week, I noticed an interesting thing while researching how successful Binance’s conversion of their customers from USDC to BUSD has been.  You may remember a few weeks back, Binance announced it…

Card issuance company Marqeta is launching a suite of banking products for its clients to offer their end customers. Marqeta for Banking is comprised of seven banking products made available through Marqeta’s banking partners. The new tools include Demand Deposit Accounts, Direct Deposit with Early Pay, ACH with Plaid Integration, Cash Loads, and Fee-Free ATMs,…

Louisville, Ala.-based 22nd State Bank is partnering with cloud software provider Quantalytix for quicker, more personalized loan decisioning. The $199 million bank’s new cloud-based solution provides loan portfolio reporting, analysis and profitability by leveraging Quantalytix’s Loan Portfolio Management platform, Chris Aliotta, chief executive at Quantalytix, told Bank Automation News. “One of the most essential things…