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U.S payment startups are running headlong into a thicket of federal and fragmented state money transmitter regulations, resulting in large fees and often redundant compliance costs.tags: Fintech PaymentSystems
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JPMorgan Chase’s blockchain team has developed a privacy feature for ethereum-based blockchains, obscuring not only how much money is being sent but who is sending it.
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The FSB is developing a toolkit of effective practices relating to a financial institution’s response to, and recovery from, a cyber incident. The toolkit also aims to help supervisors and other relevant authorities in supporting financial institutions before, during and after a cyber incident.
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The Central Bank of Iran (CBI), via its Informatics and Services Corporation (ISC) and in conjunction with Areatak — a Tehran-based blockchain solutions provider — is developing a national blockchain project for its banking and financial sector.
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A new banking law drafted for the Central Bank of Egypt (CBE) would make it mandatory to obtain licenses in advance of creating, advertising or operating platforms for issuing or trading cryptocurrencies.
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VODACOM Tanzania in partnership with Amana Bank has launched a new M-Pesa mobile service dubbed “Halal Pesa” to reach out to the Muslim population who are excluded in the current mobile money services.tags: MobileMoney Fintech
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South Korean bank Shinhan is using blockchain technology to verify the items of proof required for credit lending, such as qualification or certification documents, to speed up loan approvals.tags: Fintech Blockchain
Kiffmeister’s Fintech Daily Digest 05/28/2019
