Last April, Bank Innovation reported that Paymentwall, a San Francisco-based payments company, had enabled payments to one of the world’s most closed markets, Iran. This news came shortly after the announcement of the deal between the United States, European Union and Iran for Iran’s pledge to cease work on itsRead More
Post Tagged with: "Treasury"
The tumult surrounding the $28,500 loan through Prosper to Syed Rizwan Farook, one of the shooters that killed 14 people, can only be called misguided. There’s also a streak of disingenuousness coming out of bank regulators that deserves to be called out. What is clear is that Farook, the husband inRead More
No one should be surprised that regulatory compliance concerns cast a long shadow over FinTech startups. What is surprising, however, is just how much longer is that shadow today. If you want to create a FinTech startup today, you are advised to start your strategic thinking with a review ofRead More
Jack Lew might want to pause before agreeing this week to take Timothy F. Geithner’s job as Secretary of the Department of the Treasury. Lew would be paid better — far better, in fact — as a rank-and-file staffer at the department, or even as an IT guy. Lew, whoRead More
Have you ever wondered why United States currency is still greenback-ed, while seemingly every other nation in the world goes tutti-fruitti with its bills? Well, someone who goes by the username leroideschoux via Gizmodo, a fun tech blog, did. Its conclusion: that dollars would look awful in color, as evidenced atRead More
By Tom Riesack and Ute Herzog In the ‘new normal’ of highly regulated financial markets, corporate treasurers are feeling the reverberations in their daily activities. Corporates are using swaps to hedge their commercial risks, stemming from currency, interest and commodity price exposure. To mitigate such risks treasurers have a wholeRead More
The Department of the Treasury today awarded $2,500 to six people for their winning ideas for new financial services applications. The winning ideas were more focused on helping consumers spending money more wisely than prudently managing their finances.
We aren’t on The Treasury’s official judge financial mobile app team announced yesterday, but that doesn’t mean we lack opinions on what personal finance ideas are ours favorites from the government’s contest running through next week.
Games, and we mean outright games, seem to have taken hold in banking just this week. There are two notable initiatives that have kicked off recently, and they offer proof positive that bankers are really starting to play around.