Crypto boosted by Russia’s digital rights bill

March 06, 2019 at 04:28PM Russia is moving towards cryptocurrency legislation as the nation has created a bill on digital rights for the development of the digital economy. Dreaming of a digital economy The State Duma (Russia’s lower legislative house) has adopted in the second reading amendments to the Civil Code of the Russian Federation on digital rights. Vyacheslav Volodin, chairman of the State Duma, explains: “This is a new area for our rights, because it is important for us to consolidate the basic concepts.” It follows on from President Vladimir Putin’s address to make this economy a “priority”. He … Continue reading Crypto boosted by Russia’s digital rights bill

Coinbase’s Neutrino acquisition caught in oppressive state

March 06, 2019 at 01:33PM Coinbase’s acquisition of blockchain intelligence platform Neutrino has caused a kerfuffle with revelations that it’s inherited staff members with links to states of oppression. “We had a gap in our diligence process” As reported last month, Coinbase bought the Milan-based firm. Financial details were not disclosed. Neutrino, which was founded in 2016, will continue to operate as a standalone business. However, as part of that deal it got senior management staff who were part of Italian company Hacking Team. The latter’s website explains that it sells “offensive technology to the worldwide law enforcement and intelligence … Continue reading Coinbase’s Neutrino acquisition caught in oppressive state

Moorwand picks ClearBank’s Banking-as-a-Service

March 05, 2019 at 04:36PM Moorwand, an international payments company offering issuing and acquiring solutions, has selected ClearBank as its agency banker. ClearBank’s cool design shows off its position in London The payments firm will use ClearBank’s Banking-as-a-Service (BaaS) offering to access API-based services, including access to real-time payments services across BACS and CHAPS, or Faster Payments. “We are excited to be able to offer even more value-add services to our issuing portfolio thanks to our partnership with ClearBank,” says Robert Courtneidge, CEO, Moorwand. “They are strides ahead of competitors in the field of ‘Banking as a Service’ and real-time … Continue reading Moorwand picks ClearBank’s Banking-as-a-Service

White paper: How to combat fraud in 3 easy steps

March 05, 2019 at 01:45PM Identity theft is the fastest growing crime in the US and accounts for half of all reported fraud in the UK, with 1 in 60 online transactions attempted globally being fraudulent. This white paper by Onfido looks at: 7 ways fraudsters are slipping through the net What to watch out for Efficient and simple ways to combat fraud Provide the details below and this free white paper will be all yours! Name* FirstLast Job title:* Company name:* Industry type* —Please select one—Bank/financial institutionTrading venueSoftware/hardware providerServices providerIndustry body/trade associationGovernment/regulatory organisationConsultancyPR/marketing agencyOther Country:* —Please select one—AlbaniaAlgeriaAmerican SamoaAndorraAngolaAntigua … Continue reading White paper: How to combat fraud in 3 easy steps

Esme Loans getting data warehouse courtesy of Microsoft

March 05, 2019 at 01:33PM Lendtech Esme Loans has enlisted Microsoft to build a new cloud-based data warehouse, to make better targeted lending decisions and to provide automated service assisted by artificial intelligence (AI). Microsoft will start building the data warehouse in April The bespoke data warehouse by Microsoft will be a centralised data repository held on an online server – which is hoped it will allow Esme to improve its customer journey, simplify integration with third parties, and provide a faster end to end application process for customers. Esme will also use the technology to build an AI assisted … Continue reading Esme Loans getting data warehouse courtesy of Microsoft

White paper: Intelligent business software solutions enabling fintech companies to grow

March 05, 2019 at 10:30AM Fintech is experiencing its heyday. As larger financial institutions are forced to spend more on meeting regulatory compliance mandates, they have smaller budgets for funding innovations crucial to meeting expanding customer expectations. Advances in technology itself have decentralised the financial services industry from its traditional hubs and opened up entirely new markets, especially in Europe and Asia. While Fintech companies themselves promise to ease and innovate on consumers’ financial interactions and partner with major financial institutions to increase access to their technology and services, they often lack the automation in their own financial and accounting … Continue reading White paper: Intelligent business software solutions enabling fintech companies to grow

UK police probe Revolut over fraud claims

March 05, 2019 at 09:01AM Revolut is facing a fraud investigation by The City of London Police due to a complaint about a £70,000 money transfer. Under investigation by The City of London Police The police confirmed the news to the Financial Times (FT) that its National Fraud Intelligence Bureau is checking the firm out. This latest chapter adds more pressure. As reported on 1 March, Revolut’s chief financial officer resigned as the digital challenger faced questions over its compliance systems. There were also acidic remarks about its work culture. Revolut adds that O’Higgins’ resignation was unconnected with concerns raised … Continue reading UK police probe Revolut over fraud claims

Empty wallets turn up in QuadrigaCX crypto exchange case

March 04, 2019 at 04:05PM The curious case of Canadian crypto exchange QuadrigaCX got a lot more curious when empty wallets were uncovered. The deceased CEO of QuadrigaCX – Gerald Cotten As reported last month, the CEO of QuadrigaCX – Gerald Cotten – died in India and up to $190 million in clients’ funds were trapped as a result. QuadrigaCX said it cannot repay most of the money in client holdings after its 30-year-old founder, the only person who knew the passwords to its “cold storage,” unexpectedly died. Cotten also filed his will 12 days before he died. This was followed by … Continue reading Empty wallets turn up in QuadrigaCX crypto exchange case

Live Webinar on Website Hot Issues: The Next Disability Law Litigation Hotspot

March 01, 2019 at 11:01PM OVERVIEW The Web is an increasingly important resource in many aspects of life: education, employment, government, commerce, health care, recreation, and more. It is essential that the Web be accessible to provide equal access and equal opportunity to people with diverse abilities. The Web offers the possibility of unprecedented access to information and interaction for The post Live Webinar on Website Hot Issues: The Next Disability Law Litigation Hotspot appeared first on Corporate Compliance Insights. (This is only a summary. Click on the headline to view the entire article at Corporate Compliance Insights and participate … Continue reading Live Webinar on Website Hot Issues: The Next Disability Law Litigation Hotspot

HIPAA & The medical practice: Requirements for Privacy, Security and Breach Notification

March 01, 2019 at 10:53PM Overview: Any provider that transmits any information in electronic form (doctors, clinics, hospitals, surgical centers, psychologists, dentists, chiropractors, nursing homes, assisted living, pharmacies, etc.) is a covered entity under HIPAA and, therefore, must comply with HIPAA laws and regulations. The Health Insurance Portability and Accountability Act of 1996 was passed by Congress in order to The post HIPAA & The medical practice: Requirements for Privacy, Security and Breach Notification appeared first on Corporate Compliance Insights. (This is only a summary. Click on the headline to view the entire article at Corporate Compliance Insights and participate … Continue reading HIPAA & The medical practice: Requirements for Privacy, Security and Breach Notification

New EEOC Report: Workplace Harassment Prevention Not Working-Harassment Continues to be a Problem

March 01, 2019 at 10:34PM The TrainHR Course is approved by HRCI and SHRM Recertification Provider. Overview: You have been in Human Resources or management for years. Your plate is full-too much to do and to know in your increasingly stressful job. You are expected to stay current in discrimination and harassment case law for all the federal and state The post New EEOC Report: Workplace Harassment Prevention Not Working-Harassment Continues to be a Problem appeared first on Corporate Compliance Insights. (This is only a summary. Click on the headline to view the entire article at Corporate Compliance Insights and … Continue reading New EEOC Report: Workplace Harassment Prevention Not Working-Harassment Continues to be a Problem

Live Webinar on Employment-at-Will ! Does It Protect Employers from Wrongful Termination Allegations ?

March 01, 2019 at 09:02PM OVERVIEW • You may have heard about at will employment but what does that mean? • If you employ your workers “at-will”, does that mean you can fire them whenever you want? • Does invoking the doctrine of employment-at-will protect you from wrongful termination lawsuit? WHY SHOULD YOU ATTEND Many employers make the mistake of The post Live Webinar on Employment-at-Will ! Does It Protect Employers from Wrongful Termination Allegations ? appeared first on Corporate Compliance Insights. (This is only a summary. Click on the headline to view the entire article at Corporate Compliance Insights … Continue reading Live Webinar on Employment-at-Will ! Does It Protect Employers from Wrongful Termination Allegations ?

Huawei to be arraigned in U.S. fraud case in New York on March 14

March 01, 2019 at 05:34PM Huawei Technologies Co Ltd and two affiliates will be arraigned on March 14 in U.S. District Court in Brooklyn, New York, on accusations the company committed bank and wire fraud and violated sanctions against Iran, according to a court filing on Friday. via Reuters: Technology News https://reut.rs/2TqrJO5 Continue reading Huawei to be arraigned in U.S. fraud case in New York on March 14

Australia upfront for better banking outback

March 01, 2019 at 03:50PM People living in remote areas of Australia or with basic bank accounts will receive new protections under a revamped “Banking Code of Practice”. Australia’s regulation overhaul will see more fair and consumer-focused banking. The Australian Banking Association (ABA) has set out its new code – and says its recommendations are a result of last month’s final report from the Royal Commission. At that time, Australia’s Treasurer Josh Frydenberg said the government agreed to take action on all 76 recommendations made by Commissioner Kenneth Hayne QC, and plans to focus on “restoring trust” in the financial … Continue reading Australia upfront for better banking outback

Deep Dive: Security In The Time Of Faster Payments

March 01, 2019 at 02:30PM When credit cards first debuted in 1920s America,they brought with them myriad benefits. Consumers no longer had to carry hard currencies, and they could make purchases using money they expected to earn. In turn, businesses could more easily sell higher-priced items. While the benefits were great, the innovation came with its share of risks, too. For instance, prior to a law passed by Congress in the mid-1970s, companies could mail consumers activated credit cards without their consent. Such activities resulted in criminals stealing cards from prospective users’ mailboxes and racking up fraudulent debt. These fraudsters … Continue reading Deep Dive: Security In The Time Of Faster Payments

[Discussion] Help Finding an online Bank

February 28, 2019 at 12:04AM Hello , First let me explain my situation. I am from MOROCCO , there is a very stupid law here that states that any Moroccan individual only has the right to spend 1000$ online ( e-commerce purchases ). since I work online I use PayPal and Payoneer , the problem is that I can't link Payonneer with PAYPAL, to send funds from Paypal to Payoneer MasterCard. Ive looked a lot and every solution that I finds requires me to either be a resident in EU or US, I found also that I can open an … Continue reading [Discussion] Help Finding an online Bank

QuadrigaCX crypto exchange court case calls for $30m payout

March 01, 2019 at 12:28PM A Canadian judge in Nova Scotia has issued an order for the disbursement of more than $30 million that belonged to the insolvent crypto exchange QuadrigaCX. The banks had made it clear they were in uncharted territory. According to CBC News, this court decision follows the crash of the exchange in late January after $190 million went missing from clients’ funds. As FinTech Futures reported last month, the CEO of QuadrigaCX died and up to $190 million in clients’ funds were trapped as a result. This was followed by a Wall Street Journal (WSJ) report, … Continue reading QuadrigaCX crypto exchange court case calls for $30m payout

Banking Technology March 2019 issue out now

March 01, 2019 at 12:01AM Banking Technology March 2019 Pay attention. Fintech in the ascension. The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary. A note from our editor-in-chief, Tanya Andreasyan: Hello spring, time of new beginnings! In the March edition of the magazine, we are looking at the fresh faces of the industry – start-ups, challenger banks and financial services providers, and all those hoping to get a slice of the fintech pie. We’ve put together a comprehensive list of challenger banks … Continue reading Banking Technology March 2019 issue out now

ABA, Trade Groups Oppose Remittance Tax to Fund Border Security

February 28, 2019 at 10:06PM Imposing a 5 percent tax on cross-border remittances to fund border barriers — as envisioned in H.R. 85, the Fund and Complete the Border Wall Act — could have adverse consequences for law enforcement and consumers, a coalition of trade groups including the American Bankers Association said today. The post ABA, Trade Groups Oppose Remittance Tax to Fund Border Security appeared first on ABA Banking Journal. via ABA Banking Journal http://bit.ly/2Em3rLL Continue reading ABA, Trade Groups Oppose Remittance Tax to Fund Border Security

UK Finance wants to bring ethics to banking sector

February 28, 2019 at 04:39PM Goody two shoes trade body UK Finance is starring in its very own Mission Impossible as it seeks to bring ethics to our pragmatic and business-oriented world. Eye roll or heavenly idea? Called “Ethics in Banking and Finance”, the new online guide, launched in partnership with law firm Linklaters, provides firms and individuals operating in the sector with key reference points for governance, strategy and decision-making informed by ethical principles. Stephen Jones, UK Finance CEO and level 18 paladin, says: “Today, the role of business is under increasing scrutiny. As important as the profit and … Continue reading UK Finance wants to bring ethics to banking sector

Bitcoin Daily: Ex-SoFi Head Pairs Blockchain With Lending; Fidelity Trials Bitcoin ‘Lightning’ Payments

February 28, 2019 at 10:25AM The Lightning Network, a bitcoin experiment that allows users to quickly transfer funds around the world without a third party, has completed another transaction. According to CoinDesk, the latest to receive payments are the digital assets team at Fidelity Investments and LinkedIn Co-founder Reid Hoffman. The transaction — known as the “Lightning Torch” — has Twitter accounts receive a lightning payment, adding a nominal amount of bitcoin to the total before passing the “torch” on. “We and our research team at the Fidelity Center for Applied Technology have received the #LNTorch from @Wiz. Who should we pass … Continue reading Bitcoin Daily: Ex-SoFi Head Pairs Blockchain With Lending; Fidelity Trials Bitcoin ‘Lightning’ Payments

Succeeding with advanced analytics: The accelerator for asset management

February 28, 2019 at 08:00AM Get deeper insights and visibility into your assets and their underlying investment characteristics As a large asset manager you need to be able to unlock data insights traditionally trapped in systems and spreadsheets. Those insights improve processes, reduce cost, mitigate to risk, and monitor progress toward their competitive and strategic business goals. What more can your data do to improve the relationships with your investors and customers? Find out how the Information Builders Accelerator for Asset Management: Portfolio Outlook can help. Accelerators give you a quick start and speed ‘time to value’ for gaining deep insights … Continue reading Succeeding with advanced analytics: The accelerator for asset management

Al Rajhi Bank turns to Temenos for digital revamp

February 27, 2019 at 02:42PM Al Rajhi Bank in Saudi Arabia has chosen Temenos for a digital overhaul and to improve its Islamic lending and financing products. Al Rajhi, which is described as the nation’s second largest bank and the world’s largest Islamic bank, has total assets of over $97 billion. This “new signing further cements our presence in the country” It plans a “complete renovation” using Temenos T24 Transact and additional digital solutions including Temenos Infinity and Temenos Loan Origination product. It is already an existing customer of Temenos. Waleed Al Mogbel, deputy CEO, Al Rajhi Bank, says the … Continue reading Al Rajhi Bank turns to Temenos for digital revamp

UPDATE 1-EU tightens rules on big London-based investment firms

February 27, 2019 at 11:32AM BRUSSELS, Feb 27- European Union governments and lawmakers have reached agreement on tighter rules for asset managers and investment firms offering "bank-like" services, such as proprietary trading and underwriting of financial instruments. The agreement, which was reached late on Tuesday and confirmed an agreement in January by EU states, will give the… via Banks https://cnb.cx/2BRydLW Continue reading UPDATE 1-EU tightens rules on big London-based investment firms

UPDATE 3-Fed’s Powell says ‘no rush’ to hike rates in ‘solid’ but slowing economy

February 26, 2019 at 08:14PM WASHINGTON, Feb 26- The Federal Reserve is in "no rush to make a judgment" about further changes to interest rates, Fed Chairman Jerome Powell told U.S. lawmakers on Tuesday as he spelled out the central bank's approach to an economy that is likely slowing. In two hours of testimony to the Senate Banking Committee, Powell elaborated on the "conflicting signals" the Fed… via Banks https://cnb.cx/2Ey1Zah Continue reading UPDATE 3-Fed’s Powell says ‘no rush’ to hike rates in ‘solid’ but slowing economy

ABA Calls for Uniform National Privacy Standards

February 26, 2019 at 09:07PM Ahead of yesterday’s House Energy and Commerce Committee hearing and today’s Senate Commerce Committee hearing — both on data privacy — ABA submitted statements for the record urging lawmakers to enact uniform national privacy standards that preempt the existing patchwork of state laws. The post ABA Calls for Uniform National Privacy Standards appeared first on ABA Banking Journal. via ABA Banking Journal http://bit.ly/2tGFedY Continue reading ABA Calls for Uniform National Privacy Standards

ABA Calls for Updates to USDA’s Farm Loan Programs

February 26, 2019 at 08:26PM In a statement for the record before today’s House Agriculture Committee hearing on the rural economy, ABA called on lawmakers to ensure farmers’ ongoing access to adequate credit by updating the U.S. Department of Agriculture’s guaranteed farm loan programs. The post ABA Calls for Updates to USDA’s Farm Loan Programs appeared first on ABA Banking Journal. via ABA Banking Journal http://bit.ly/2SpULZD Continue reading ABA Calls for Updates to USDA’s Farm Loan Programs

CANADA FX DEBT-C$ claws back losses as oil rises, Fed signals patience

February 26, 2019 at 04:44PM TORONTO, Feb 26- The Canadian dollar was little changed against its U.S. counterpart on Tuesday, reversing an early decline as oil prices rose and Federal Reserve Chairman Jerome Powell signaled patience on raising interest rates further. The price of oil, one of Canada's major exports, rose as OPEC was expected to stick to production cuts despite pressure from… via Banks https://cnb.cx/2H0df0S Continue reading CANADA FX DEBT-C$ claws back losses as oil rises, Fed signals patience

Research paper: The rise of the instant bank

February 26, 2019 at 02:54PM Banks need to keep up with fast-changing customer demands to provide a seamless customer experience. five°degrees have surveyed more than 2,000 UK banking customers in order to explore what customers expect from their banks, and how banks can meet those demands. The 2019 UK Banking Customer Survey conducted by five°degrees reveals: 4 in 10 Brits expect to be able to set up their bank account instantly Challenger banks are leading the way in instant account set up but traditional banks are catching up Traditional banks own consumer market-share and challenger banks are winning business customers … Continue reading Research paper: The rise of the instant bank