Banking,
Keeping the bad guys out
- An integral part of a bank's KYC and AML work is focused on ensuring that Politically Exposed Persons (PEPs) cannot abuse the bank’s services for their own gain. Things slip through, though.
- But oversight overeagerness on the part of FIs can create issues for those associated to PEPs as well as prevent the FI from focusing on genuine detection.
Rabab Ahsan | November 28, 2023
Partner
- The shift towards digital currency adoption led to the the recent launch of PayPal USD, or “PYUSD,” marking a seminal moment in the finance industry’s evolution.
- On December 6th, executives from PayPal and Paxos will discuss the rise of stablecoins, the growth of PayPal USD, and the future of money.
Paxos | November 28, 2023
Payments
- In catering to pressing enterprise needs, ad hoc payments may complicate companies' routine invoicing and payroll processes, introducing interruptions.
- However, a spike in senders embracing instant payments in ad hoc transactions indicates that a shift toward speedier and more responsive payments is likely underway.
Sara Khairi | November 27, 2023
Banking
- Credit Karma is set to absorb Mint. Are Mint’s final hours harbingers of doom for the personal financial management space?
- Dive into our analysis of Mint's final hours to learn more about out whether PFM products are living their final days as useful B2C products.
Rabab Ahsan | November 22, 2023
Payments
- Adyen has taken another step forward with its alliance with Plaid, connecting a sequence of moves aimed at gaining traction in the US market.
- The new alliance can be a way to remedy the shortfall in both Adyen's stock value, which dropped about 39% since the start of the year.
Sara Khairi | November 22, 2023
