The article, "Open Banking Stalemate" by Andrew Cornell, delves into the ongoing issues surrounding the Consumer Data Right (CDR) initiative, commonly referred to as "open banking" within Australia's financial landscape. This initiative was designed to facilitate greater
Morgan State University continues to make significant strides in the realm of blockchain and financial technology (FinTech) education, thanks to a renewed $1.05 million grant from Ripple, a leading entity in enterprise blockchain and crypto solutions. This latest financial boost builds on
The Federal Deposit Insurance Corporation (FDIC) has issued a stringent consent order to Thread Bank, based in Rogersville, Tennessee, necessitating significant improvements in its banking-as-a-service (BaaS) oversight. This move underscores the regulator's commitment to ensure robust risk
The global fintech blockchain market is transforming at an unprecedented pace, showing remarkable growth from a valuation of $2.2 billion in 2022 to an astounding projected $57.84 billion by 2031. This incredible surge, expected to achieve a compound annual growth rate (CAGR) of 43.8% from 2024 to
Bitcoin and its Influence on the Crypto Market The short-term outlook for Bitcoin has been a focal point of many market analyses, particularly as it hovers around key resistance levels. The current target range for Bitcoin is between $62,000 to $63,000, with the potential to hit $65,000 if it
Compliance in the asset management sector is transforming rapidly due to evolving regulatory requirements, presenting multiple challenges for compliance officers as they strive to ensure the integrity and success of financial operations. As legal and operational standards constantly evolve, the
Evolve Bancorp, along with its subsidiary Evolve Bank & Trust, has recently found itself in the regulatory spotlight. The US Federal Reserve Board issued a directive that mandates significant corrective measures to address deficiencies in the bank’s risk management, anti-money laundering (AML),
“Banking the unbanked” is one of the more significant catchphrases in FinTech. It underpins the industry’s existence, not progress for progress’ sake, but technology to overcome existing challenges and inequities. While many debate which technologies are the most appropriate for this, Decentralized
In a landmark decision, the US Securities and Exchange Commission (SEC) reached a $4.5 billion settlement with Terraform Labs and its former CEO, Do Kwon. This settlement follows the catastrophic collapse of TerraUSD and Luna that sent shockwaves through the cryptocurrency market in 2022. The
The trajectory of the global financial sector is decisively shifting towards an era of openness and interconnectivity, with open banking at its vanguard. Moldindconbank, a pivotal financial institution in Moldova, is steering this transformation in its stride, having strategically allied with
