Fintech News

AUGUST 26, 2024

Adams previously led engineering at Cash App, a division of Block, where he managed a global team of 1,500 engineers. His appointment has received approval from the Dutch Central Bank and awaits shareholder approval at an upcoming extraordinary general meeting.

Central Bank 113

Central Bank Blocks Innovation Continuity 113

PYMNTS

SEPTEMBER 27, 2019

Mark Cliffe, chief economist at Dutch financial service firm ING, said central banks around the globe will have “fully fledged” cryptocurrencies in a matter of just two to three years, according to reports. . Le Maire said he’d talked about creating a “public digital currency” instead. .

Central Bank 51

Central Bank Digital Currency Cryptocurrency Push-to-Card 51

PYMNTS

DECEMBER 7, 2018

The organization said in its report, “digital identity is the fundamental building block and a key area for governments to focus on … another important building block … is having digital versions of national currencies on the blockchain , for example, through blockchain-based central bank digital currencies (CBDCs).”.

Blockchain 75

Blockchain Central Bank Digital Currency Blocks 75

Fintech Finance

OCTOBER 23, 2024

Tom Adams will join Adyen from Cash App, a consumer business vertical of Block, where he served as Head of Engineering for four years. In the role as CTO at Adyen, Adams will oversee the strategic and technological vision of Adyen’s single platform which encompasses payments, data and financial products. “As

Central Bank 105

Central Bank Blocks Innovation Product 105

PYMNTS

JULY 20, 2020

The payments program from messenger service WhatsApp will be allowed to go forward in Brazil, the country’s central bank said, so long as all rules are respected, Reuters reported. Concerns over data protection and privacy also cropped up, Reuters reported. ” “Everyone can participate,” he said.

Rules 97

Rules Central Bank Visa Regulations 97

PYMNTS

JULY 2, 2020

Roberto Campos Neto also said in a webcast reported via the Congresso Em Foco news site that the government never blocked the service, which Facebook shut down last week — just days after launching it — due to what reports at the time said was a mandate from banking regulators. This news is not true,” he continued.

Central Bank 93

Central Bank Payments Blocks Rules 93

Fintech Finance

AUGUST 27, 2024

Adams will join Adyen from Cash App, a consumer business vertical of Block, where he served as Head of Engineering for four years. In the role as CTO at Adyen, Tom Adams will oversee the strategic and technological vision of Adyen’s single platform which encompasses payments, data and financial products. “As

Technology 97

Technology Central Bank Blocks Product 97

Fintech News

MARCH 27, 2024

The investment appears to have paid off, with Visa blocking US$40 billion in fraudulent activity last year, nearly doubling the amount from the previous year. A notable innovation is Visa’s real-time fraud prevention service for immediate payments, such as P2P digital wallets and instant payment systems operated by central banks.

Fraud Prevention 109

Fraud Prevention AI Value Added Service Fraud Detection 109

Open Banking Excellence

JULY 1, 2024

The programme gives access to invaluable insights, expertise and practical advice honed from the UK’s experience in creating the blueprint for open banking. This provides the building blocks for regulators globally to drive transformational change in their own countries.

Use Case 130

Use Case Cross-Border Regulations Best Practices 130

Payments Source

SEPTEMBER 25, 2019

One Republican lawmaker went so far as to suggest that Congress should try to block the central bank's effort, but Democrats said FedNow will promote competition in real-time payments.

Faster Payments 64

Faster Payments Payment Networks FedNow Fed 64

PYMNTS

OCTOBER 14, 2016

Emin Gün Sirer from Cornell made a pertinent statement on the final day of the Scaling Bitcoin conference: “We were all busy arguing about the block size, but everything else is crucial.” ” For many, block size is no longer the way to increase the network’s capacity. Let’s talk about throughput.

Bitcoin 77

Bitcoin Blocks Central Bank Digital Currency 77

The Fintech Times

JUNE 2, 2025

Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), is enhancing Jaywan , the UAEs domestic card scheme, by signing co-badging agreements with international card schemes, including Discover , Mastercard , UnionPay and Visa.

Agreements 45

Agreements Cross-Border Cross-Border Payments Payments 45

The Fintech Times

MARCH 13, 2025

Following the new partnership with INETCO and Agility, Elo will be able to implement a solution that ensures compliance with the Central Bank of Brazil ‘s regulations, and maximise its real-time payments services – simultaneously ensuring only legitimate transactions go through. Arlei Francioli Jr.,

Fraud Prevention 59

Fraud Prevention Payments Cybersecurity Transactions 59

PYMNTS

FEBRUARY 13, 2020

Elliptic, founded in 2013, has become known for cryptocurrency platform tools that help find and block illicit transactions. The Bank of International Settlements (BIS) said in December that central banks have to embrace the revolution in digital money.

Blockchain 100

Blockchain Risk Management Cryptocurrency Central Bank 100

Fintech Finance

SEPTEMBER 26, 2024

and the Dutch Central Bank. Partners like Trulioo are essential to effectively identify and block fraud so that we can ensure the security of over 100,000 global businesses while allowing legitimate transactions to proceed without interruption.”

Fraud Prevention 98

Fraud Prevention Verification Payment APIs and Integration Compliance 98

PYMNTS

AUGUST 17, 2016

It looks like after all the Sturm und Drang, Bangladesh’s central bank will not take action against the Federal Reserve Bank of New York and SWIFT network over the $81 million theft it suffered earlier this year. This is important because the Fed requires “reasonable notice” to stop or block transactions.

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Fed SWIFT Central Bank Correspondent Bank 40

PYMNTS

APRIL 14, 2020

If users relied upon a stablecoin to make regular payments, significant operational disruptions could quickly affect real economic activity, e.g. by blocking remittances and other payments.”. A report will be delivered to G-20 finance ministers and central bank governors for their virtual meeting on Wednesday (April 15).

Stablecoins 72

Stablecoins Central Bank Cross-Border Consulting 72

PYMNTS

JULY 14, 2020

An international association for central banks has issued a report that “aims to make lasting improvements in cross-border payments.” The move by the Bank for International Settlements (BIS) comes as Facebook gears up to launch a cryptocurrency, Libra.

Cross-Border Payments 60

Cross-Border Payments Cross-Border Central Bank Cryptocurrency 60

PYMNTS

MARCH 30, 2018

And, in China, the country’s central bank is planning on cracking down on cryptocurrencies this year, Reuters reported. In addition, the bank plans to research and develop its own cryptocurrency. tax deadline approaches, CNBC reported. The price of bitcoin was $6,826.68 as of 11:13 p.m., according to CoinDesk.

Bitcoin 49

Bitcoin Blocks Cryptocurrency Cross-Border Payments 49

Finovate

JANUARY 17, 2025

Central and Eastern Europe Czech cybersecurity firm for financial institutions Wultra raised 3 million in funding. Lithuania required financial institutions in the country to block payment card transactions from unregulated operators. Ebury announced its acquisition of Lithuanian B2B cross-border payments solutions provider ArcaPay.

Cross-Border Payments 64

Cross-Border Payments Cross-Border Payments Acquirers 64

PYMNTS

APRIL 30, 2019

Danske Bank ignored warnings from Russia’s Central Bank about money laundering and suspicious transactions worth billions through Danske’s Estonian branch, Reuters reported. The warnings were sent in 2007 and 2013, and the information stems from the outcome of an investigation by the European Banking Authority (EBA).

Money Laundering 51

Money Laundering Central Bank Breach Rules 51

The Paypers

SEPTEMBER 29, 2021

Central Bank of Brazil has announced that financial institutions that suspect fraud may block suspicious resources from a receiving user’s account for up to 72 hours.

Blocks 28

Blocks Central Bank Accounts 28

PYMNTS

SEPTEMBER 13, 2019

13) that calls out Facebook’s proposed cryptocurrency Libra as potentially harmful to the financial sector, warning that it could block the coin’s authorization in Europe. The European Central Bank (ECB) recently said it was working on a public digital currency that would make projects like Libra unnecessary.

Digital Currency 55

Digital Currency Central Bank Cryptocurrency Direct Deposit 55

PYMNTS

SEPTEMBER 23, 2016

“The frequency and severity of attacks are always going to increase, but we’ve identified the type of attacks that do the most damage, and we focus our efforts on those,” Jonathan Block, VP of IT for sales and marketing advisory firm SiriusDecisions, explained. Central Banks Take A Stand.

Central Bank 73

Central Bank Breach Procedures Cybersecurity 73

PYMNTS

MARCH 3, 2020

The Bank of Khartoum, Qatar National Bank and United Capital Bank (Bank Almal) have all gotten approval to start using the systems, and they’ll get started in about three weeks, according to the head of electronic banking services (EBS) at Sudan’s central bank, Omar Amrabi.

Financial Inclusion 67

Financial Inclusion Electronic Banking Payments Central Bank 67

PYMNTS

DECEMBER 5, 2019

Ministers applauded a move by the European Central Bank (ECB) to explore creating a public digital currency. The central bank cautioned a public stablecoin could have a significant influence on the current financial system and “would need to be assessed carefully.”.

Digital Currency 52

Digital Currency Finance Stablecoins Central Bank 52

The Fintech Times

FEBRUARY 20, 2025

InTick, the listed derivatives blocking network, has appointed ex-JP Morgan EMEA head of future and options sales trading Jamie Philip, CTPO and technology entrepreneur Emanuel Kuce Radis , and director of AI and analytics for banking and financial services at Cognizant , Scott Harrison to its strategic advisory board.

FinTech 64

FinTech Cross-Border Payments Disaster Recovery Online and Mobile Banking 64

PYMNTS

JULY 14, 2020

An international association for central banks has issued a report that “aims to make lasting improvements in cross-border payments.” The move by the Bank for International Settlements (BIS) comes as Facebook gears up to launch a cryptocurrency, Libra.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Central Bank Payments 52

PYMNTS

SEPTEMBER 18, 2019

Germany’s national central bank, the Bundesbank , is also in talks with officials in Berlin about the development of digital currency. Both France and Germany have been vocal about the risks involved with the acceptance of Libra, and aim to block the currency in Europe. On Monday (Sept.

Stablecoins 54

Stablecoins Finance Cryptocurrency Central Bank 54

PYMNTS

AUGUST 21, 2020

New Report: How Behavioral Analytics Help FIs Block Fraud at the ITM. In August’s Digital-First Banking Tracker, Jason Powers, senior vice president at Ascend Federal Credit Union, explains how behavioral analytics at the ITM help keep fraudsters away. Central bank digital currencies (CBDC) are here to stay — if they work.

Federal Reserve 63

Federal Reserve Cryptocurrency CBDC Credit Union 63

Stax

MARCH 11, 2025

The login attempt may even be blocked entirely. Governments have been trying to get into the cryptocurrency game for a while now, but its decentralized nature that will make it difficult for central banks to regulate such a currency has largely mitigated its adoption by most countries.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

PYMNTS

JUNE 29, 2018

Santander also forms — along with other international banks — part of the Utility Settlement Coin (USC), a project that researches and aims to promote the use of digital money between financial institutions (FIs) and with central banks. InnoVentures invested in Ripple, the creator of xCurrent, in 2015.

Blockchain 83

Blockchain Global Payments Cross-Border Payments 83

Fintech Finance

MARCH 27, 2024

Last year, Visa helped block $40 billion in fraudulent activity, nearly double from the year prior. Real-Time, Account-to-Account Payment Protection: Visa’s first fraud prevention solution built specifically for immediate payments, including P2P digital wallets, account to account transactions, and central banks’ instant payment systems.

AI 52

AI Product Fraud Prevention Value Added Service 52

PYMNTS

NOVEMBER 6, 2018

Mohammad Shoaib, director of the cybercrime wing of the Federal Investigation Agency (FIA), said that based on a recent report it received, data from almost all of the banks in the country have been hacked. Shoaib said the FIA has written to all of the banks and is meeting with the heads and security management. 27, when it said Rs 2.6

Debit Card 55

Debit Card Breach International Payments NOV 55

PYMNTS

SEPTEMBER 12, 2019

Legislation in place before the Dutch House of Representatives will mandate that companies in the Netherlands tied to the crypto realm will need to register with the central bank. Proponents say the moves by the central bank and intended by the legislation are good for an industry that has yet to, well, see a lot of regulation.

Money Laundering 43

Money Laundering Central Bank Cryptocurrency AML 43

Fintech News

JULY 24, 2024

This directly leads to blocking accounts and can entail other sanctions by the regulator, but some companies play this game and lose it as it is a direct circumvention of the requirements for the companies regulated. Inflation is rising and central banks have been raising rates, as a result, the cost of borrowing has increased.

Non-Bank 113

Non-Bank Risk Regulations FinTech 113

PYMNTS

NOVEMBER 21, 2017

The president of the European Central Bank, Mario Draghi, said cryptocurrencies in the Eurozone have had a limited impact on the economy. So, it’s not yet something that could constitute a risk for central banks.”. We think that all this is pretty limited,” he said. “So,

Cryptocurrency 40

Cryptocurrency Central Bank Bitcoin Digital Currency 40