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Central bank digital currencies (CBDCs) "deserve consideration" as an additional means of payment, says a report from the Bank for International Settlements (BIS).
25 June 2020
The Financial Solutions Lab, an initiative launched and managed by the Financial Health Network and JPMorgan Chase, has received an additional $10 million commitment by Prudential Financial, expanding the coffers to $60M over a 10-year period.
23 June 2020
London-based remittance outfit TransferGo has raised $10 million in a funding round led by Seventure and Vostok Emerging Finance, according to TechCrunch.
16 June 2020
Philippines-based digital banking startup tonik has raised $21 million in a Series A funding round led by Sequoia India and Point72 Ventures.
15 June 2020
Olaf Ransome, industry solutions adviser for Fnality, has shed light on the feasibility of wholesale central bank digital currencies (CBDCs), saying that the requirements of launching one are not within central banks’ specialisms.
12 June 2020
Muniy, a UK-based digital banking and mobile payments startup, is closing in on a £200,000 crowdfunding campaign.
As the Black Lives Matter movement gathers strength in the wake of the killing of George Floyd, PayPal has committed $530 million to support Black and minority-owned businesses and fight economic inequality.
11 June 2020
As it looks to get regulators onside, the Libra Association has brought in Credit Suisse's head of financial crime compliance, Sterling Daines, as chief compliance officer.
10 June 2020
Zenus Bank, a Puerto Rico-based digital bank that allows people and businesses around the world to open a US bank account, has appointed seasoned marketing executive John Woods to the role of chief marketing officer.
09 June 2020
A US federal banking regulator has called for public feedback on the use of cryptocurrencies ahead of what could be a change in the rules on digital banking.
05 June 2020
Accenture and the Digital Dollar Foundation have published a whitepaper laying out proposals for the development of a central bank digital currency (CBDC) in the US.
04 June 2020
Facebook and PayPal have invested in Gojek, the Indonesian firm which began life as a ride-hailing app but has since moved heavily into payments and financial services.
03 June 2020
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