New FTX CEO slams 'complete failure of corporate controls' John Ray, the man who took over at Enron after its collapse and is now in charge of FTX has blasted his predecessor at the failed crypto exchange, Sam Bankman-Fried, declaring in court filings that he has never "seen such a complete failure of corporate controls…
SMEs Front and Centre How business needs are driving (Instant) Payments Innovation. According to the World Bank, Small and Medium Enterprises (SMEs) and businesses account for the majority of commercial companies worldwide and are important contributors to job creation and global economic development. Contributing up to 40% of national income in emerging economies, they represent…
Amex files metaverse-related trademark applications American Express has filed trademark applications to register its name, logo, and slogans for a range of banking services in the metaverse. AMEX GREEN CARD RETENTION OFFER 2022! The $150 annual fee on my American Express Green Card posted! Since some benefits overlap with the Amex Platinum Card, I decided…
Adapting to a shifting Cards Landscape Identifying opportunities for Issuers. The payment cards industry has changed dramatically in recent years, with new technologies and regulations spurring innovation and lowering the barriers to entry for issuers. Meanwhile, there has been a shift to digital payments, which has created opportunities for bank and non-bank issuers alike. Card…
What will drive the journey towards cashlessness and digitalisation? Market dynamics and infrastructure vary greatly per country and region but the direction of innovation and change are converging on the same outcome: digitisation and cashlessness. As the world adopts digitalisation in all sectors and societies, there is greater demand for unbanked communities to be banked…
Pandemic accelerates Bank of Canada's CBDC work The Bank of Canada has accelerated work on a central bank digital currency (CBDC) in response to Covid-19 and its impact on cash usage, says a senior official who nevertheless cautions that a digital loonie is still not a "forgone conclusion". Freedom Dies with the Central Bank Digital…
FTX Europe to have licence suspended – Bloomberg Embattled FTX is facing the suspension of its licence by the Cyprus Securities and Exchange Commission, revoking its ability to continue trading within the European Economic Area. FTX Goes Bankrupt: What’s Next? Bloomberg Crypto 11/22/2022 “Bloomberg Crypto” covers the people, transactions, and technology shaping the world of…
63% of SME leaders feel lonely in role – Starling Bank Research by Starling Bank has found that despite growth and record investment planned for 2022, small business owners struggle with loneliness, creativity and ideation. 10 Child Celebs Who Aged Badly! ▬Contents of this video▬00:00 – Introduction00:08 – Macaulay Culkin00:50 – Lark Voorhies01:28 – Jeremy…
Riksbank to run simulated tests of e-krona Sweden's central bank is to begin pilot tests of a digital krona that can work as a complement to cash. “Digital Currencies and Revolution in the Payment Space” with Professor Darrel Duffie Darrell Duffie, The Adams Distinguished Professor of Management and Professor of Finance at the Stanford Graduate…
Riksbank enlists Handelsbanken for e-krona pilot Sweden's central bank has called in Handelsbanken and software firm TietoEvry for the latest stage of its central bank digital currency pilot. What Deutsche Bank’s Restructuring Means for the Firm, Banking Industry Jul.08 — Deutsche Bank AG’s latest restructuring plan will trim 18,000 jobs while shuttering the bank’s equities…