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Regulations

Time hasn’t stalled regulators’ resolve on Ripple, Robinhood cases

April 26, 2021

Via: Banking Dive

If Ripple executives had hoped a change in leadership at the Securities and Exchange Commission (SEC) would dial back momentum on the agency’s case against the company, they have at least received their answer. The SEC, in a court filing […]


Capital and Risk, Operational

5 Cyber Threats FinTech Companies Should Watch Out For

April 26, 2021

Via: TechBullion

FinTech companies have been gaining momentum since the beginning of the pandemic. They have significantly improved their services and even merged with the traditional banking methods. Major banks have integrated fintech into their existing systems to offer more options. So […]


Regulations

Senate banking chair ‘not ready to move’ on pot banking bill

April 23, 2021

Via: Banking Dive

Republicans have historically been the holdouts when it comes to backing cannabis legislation in Congress. With Democrats now in control of the Senate, SAFE Banking proponents are optimistic the bill could become law this year. The push among some party […]


Activity, Retail Banking

Cardless partners with Manchester United to issue credit cards for soccer fans

April 23, 2021

Via: Payments Dive

In a time when sports fandom has gone digital, sports organizations are looking at different avenues to hold on to and expand their support base and revenue stream. “Manchester United has a tremendous fanbase in the U.S., oftentimes larger than […]


Channels, Regulations

Saudi Arabia launches new real-time payments system with IBM and Mastercard

April 22, 2021

Via: FinTech Futures

The deployment is in collaboration with both IBM and Mastercard. It is part of Saudi Payments’ plan to boost Saudi Arabia’s financial ecosystem. Built on the ISO 20022 standard, sarie automatically supports all Saudi banks across the kingdom. Saudi Payments […]


Channels

PayPal to avoid Chinese competition with new cross-border wallet

April 22, 2021

Via: FinTech Futures

Hannah Qiu, CEO in China for PayPal, told the publication her firm is avoiding competition from local players Alipay and WeChat Pay by looking abroad. PayPal has a history of success in China, especially when it comes to breaking into […]


Capital and Risk, Liquidity, Macroeconomic

U.S. inflation could hit 3% or 4% by the middle of 2022, veteran strategist warns

April 21, 2021

Via: CNBC

More and more strategists believe investors are underestimating the outlook for consumer prices. David Roche, president of investment firm Independent Strategy, is among them. He told CNBC on Wednesday that the U.S. inflation rate, which stood at 2.6% in March […]


Activity, Corporate Banking

Mastercard announces an investment and a partnership in Black-owned businesses

April 20, 2021

Via: CNBC

Mastercard announced Tuesday a multimillion dollar investment in Fearless Fund, a venture capital firm founded by Black women with the mission of investing in minority female entrepreneurs. The exact amount was not disclosed. The credit card giant also unveiled a […]


Capital and Risk, Insurance

Time for a Property and Casualty Insurance Checkup

April 20, 2021

Via: TheStreet

Every year, you should be reviewing your property and casualty insurance policies. “P&C (property and casualty) reviews often get overlooked until something catastrophic happens,” said Judson Meinhart, a certified financial planner with Parsec Financial. “They can also be a great […]


Regulations

US mulls CBDC options in international race to advance payment systems

April 20, 2021

Via: Payments Dive

As nations across the globe launch studies into the potential benefits and mechanics of central bank digital currencies (CBDCs), many questions remain regarding the coins’ policy implications, said Bank Policy Institute (BPI) CEO Greg Baer. “A central bank digital currency […]