The Central Bank of the Russian Federation (CBR) announced that it has revoked the licenses of five Russian foreign exchange (FX) trading companies. According to a statement on the bank’s website, the decision was made due to “the repeated violations of the requirements of the...
It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech...
In 1960, Yul Brynner, Steve McQueen and Charles Bronson introduced America to “The Magnificent Seven,” a John Sturges film in which seven men are hired to defend a small village in Mexico from bandits. Get the Full Story Complete the form to unlock this article...
Open banking, bank APIs and data sharing flourished in 2018, with small business and corporate financial services squarely in the path of this financial services trend as banks and FinTechs consider new ways to enhance business payments, accounting, treasury and financial management. Get the Full...
With the payments acceleration trend of recent years promising disruption in peer-to-peer (P2P) payments, these initiatives were viewed only in the context of consumer payments — at first. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
An unstable stock market has led many small businesses (SMBs) to cut costs and change their hiring plans for the New Year. According to the Associated Press, while consumer spending and the economy are strong, consumers are spending less, which has led to worry for...
Blockchain seemed to be stuck in pilot phase in 2017, but in 2018, the financial services industry finally saw a stronger flow of real-world, working blockchain applications — many of which targeted pain points in B2B payments, including the time and lack of transparency in...
This year was a record one for corporate and small business optimism in the U.S. A strong national economy and plans to expand and welcome rising revenues allowed business owners and executives to retain a positive outlook, despite potentially disruptive issues like a global trade...
Open banking didn’t just kick off via PSD2 regulations across Europe and the U.K. Rather, banks around the globe began to understand the potential value in opening up customer data to third-party players, and with more bank APIs emerging in 2018, the year saw a...
