Post Tagged with: "regulation"

How to Approach Regulators as a Fintech Startup

How to Approach Regulators as a Fintech Startup

by April 29, 2016 at 12:39 pm 0 comments

Regulators have certainly kept a close eye on fintech upstarts. Last month, the Financial Stability Board (FSB) – comprised of 20 world economies – came together in Tokyo to establish a framework and assess the potential of fintech startups “disrupting” traditional banking. Many startups have learned the rule: Go to them, beforeRead More

PayPal’s Ellison: Regulators See Blockchain as Adding ‘Transparency’ [VIDEO]

by November 13, 2015 at 10:41 am 0 comments

Regulators’ hesitancy about blockchain may be a thing of the past. Scott Ellison, Senior Director, Corporate Strategy at PayPal, said at Bank Innovation Israel this week that regulators are increasingly seeing blockchain as adding transparency, not as a means for illicit behavior. The implications are clear: with regulatory blessing, we couldRead More

Pragmatic Banker Conversations About Bitcoin & Smart Contracts on Blockchain

by March 26, 2015 at 3:41 am 0 comments

Investors and entrepreneurs can make money at the transition between bleeding edge and leading edge. Bleeding edge means that there is technology risk, which is a quick way to lose money. The key at this stage is to experiment and learn cheaply. Leading edge means that lots of investors andRead More

Cross Border Regulatory Competition to attract Bitcoin ventures

by January 1, 2015 at 2:27 am 2 comments

Many Bitcoin ventures are classic micro-multinationals – tiny businesses that operate globally through a virtual office. In 2009, I was COO of ReadWriteWeb, which was run through virtual offices. Richard Macmanus was in New Zealand, Marshall Kirkpatrick was in Portland, I was in New York and we had writers andRead More

We need to #SaveXBRL from being overturned

by December 19, 2014 at 4:54 am 0 comments

In the wake of the financial crisis in 2008, the US Government mandated machine-readable financial reports via XBRL. That was a wonderfully progressive move that could dramatically change the efficiency and reliability of the capital markets by bringing financial reporting into the 21st century. (If you are new to XBRL,Read More

A simple technical solution to both Libor and FX Scandals

by November 14, 2014 at 2:37 am 0 comments

I was going to write “simple fix”, but fix is the problem. For the basics read this BBC explainer. The technical problem is that both Libor and FX have a batch closing cycle…how quaintly Victorian. The “close” (aka the “fix”) has a real need. Lots of financial systems need to enter a FX or Libor […]

Why IT Needs to Be Part of the Regulatory Compliance Debate

Why IT Needs to Be Part of the Regulatory Compliance Debate

by August 22, 2014 at 10:42 am 0 comments

The ABA’s Frank Keating argues that banks deserve “balanced, nuanced” regulatory compliance that does not upend their economic prospects, particularly for smaller community banks. But that argument rings hollow.

NYDFS Asks for Comments on Proposed Bitcoin Regulation

NYDFS Asks for Comments on Proposed Bitcoin Regulation

by August 5, 2014 at 10:42 am 4 comments

Bank Innovation spoke to the NYDFS about BitLicenses, bitcoin, and virtual currency regulation.

Proposed N.Y. State Regulation Would End Bitcoin Anonymity

Proposed N.Y. State Regulation Would End Bitcoin Anonymity

by July 17, 2014 at 3:45 pm 2 comments

The New York Department of Financial Services (NYDFS) released a proposal today to regulate bitcoins and other forms of virtual currency, making New York the first state to draft up regulatory legislation for virtual currencies. The NYDFS is proposing to issue “BitLicenses,” certificates allowing holders to transact in virtual currencies in NewRead More

Diverse Perspectives

Diverse Perspectives

by April 17, 2014 at 6:25 pm 0 comments

I go to more conferences than are good for me.  And if you’re like me, you don’t attend many sessions, and you meet with the same cast of characters.  I have two suggestions on breaking those rules.  If you read this blog, I’d argue there are two must-do conference on your calendar: Money2020 (in October) […]