LAS VEGAS, Nev. — Cross River Bank announced a collaboration with American Express at Money 20/20 Monday. The partnership enables Cross River to issue credit cards on behalf of fintech in the American Express network. Gilles Gade, Founder president, and CEO of Cross River, said the partnership enables more optionality for consumers. “Collaborating with American […]
A big attraction at the Fintech Nexus Merge event was the panel on ‘How Web3 Payments Will Go Mainstream.’ The panel was moderated by Mauricio Magaldi, Global Strategy Director at 11:FS, in discussion with Nikola Plecas, Crypto Business Lead at Visa Europe, and Nick Charteris, General Manager at Crypto.com. Related: Is there misplaced trust in […]
LAS VEGAS, Nev. — Consumer Finance Protection Bureau (CFPB) director Rohit Chopra lobbed a surprise grenade onto the expo floor at Money 20/20 Tuesday morning by announcing plans for an open banking “dormant authority” rule. Taken at face value, the details of the announcement depict a sense of urgency to enact open banking provisions that […]
The UK is currently being treated as a poor credit risk. There are worse risks within the Eurozone Seems like bond traders have got a downer on the UK. They should cast their beady eyes over the Eurozone where there is serious trouble on the horizon. Of course the UK government did a pretty lousy […]
Mark Twain once said that “History never repeats itself, but it does often rhyme.” This is certainly true of financial cycles. What all have in common is an attempt to use derivatives and leverage to make something risky appear safe. If you understand the above you are all set and can skip to the end […]
This year has been tough for many companies in the crypto market. Some have collapsed altogether, others have fired a huge number of employees to keep their heads above water and some are going all in on crypto. It’s no secret that in 2022 the price of bitcoin and other cryptocurrencies have been tumbling, and […]
Revolut shifts trading clients to Lithuania. Blames Brexit It seems that Fintech start up Revolut is moving the hosting of a million of its trading clients from the its UK trading subsidiary to its to Lithuania. Apparently, this is because the UK regulator has not yet granted the outfit a Mifid licence which would allow […]
Here are the most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Human rights reporting needs machine readable data The Danish Institute for Human Rights has published a notable discussion paper on sustainability reporting and human rights. It reports on a project which aimed […]
Here is our pick of the 3 most important stablecoin stories during the week. China’s CBDC slows, Tether gets T Bills and the USA has an ugly baby! This week we got an update from China on their CBDC, whose uptake has slowed to a crawl, whilst Tether in response to criticism has now put all […]
Binance is the world’s leading cryptocurrency exchange. It wasn’t hacked. Hackers stole $570M in tokens from Binance, the world’s largest cryptocurrency exchange. The hack targeted the BSC Token Hub, which serves as a link between two Binance systems. Binance reported in a blog post that an exploit affecting a cross-chain bridge between their BNB Beacon […]