Search Results for: adverse media

Parametric Insurance: Revolutionizing Traditional Insurance Models
Guest Posts InsurTech

Parametric Insurance: Revolutionizing Traditional Insurance Models

Neha Batra
by Neha Batra0
Parametric insurance, a novel approach to risk management, represents a departure from traditional insurance methods. In contrast to indemnity-based insurance, where claims are assessed based on actual losses, parametric insurance operates on the principle of predefined triggers, typically related to weather benchmarks or other quantifiable parameters. This innovative model offers......
Dave Announces Repurchase of $100 Million Convertible Note from FTX for $71 Million
Banking News

Dave Announces Repurchase of $100 Million Convertible Note from FTX for $71 Million

PR Newswire
by PR Newswire0
Dave, one of the nation’s leading neobanks, announced it has reached an agreement with FTX Ventures Ltd. (“FTX”) to purchase a convertible promissory note that it previously issued to FTX in the original principal amount of $100 million, for a discounted purchase price of $71 million. FTX filed a motion in......
Canaan Inc. Provides Updates on Its Bitcoin Mining Operations
Cryptocurrency News

Canaan Inc. Provides Updates on Its Bitcoin Mining Operations

PR Newswire
by PR Newswire0
Canaan Inc., a leading high-performance computing solutions provider, announced that the challenges set forth below may adversely impact the Company’s bitcoin generation and revenue from its mining activities, primarily due to reduced uptime, beginning in the third quarter of 2023. Kazakhstan Regulatory Changes To ensure legal compliance, the Company decided......
Antier Expands its Enterprise Blockchain Development Services for Businesses Seeking a Competitive Edge
Blockchain News

Antier Expands its Enterprise Blockchain Development Services for Businesses Seeking a Competitive Edge

PR Newswire
by PR Newswire0
Antier, a leading enterprise Blockchain development company, gets to the bottom of the enterprise Blockchain future and delivers an advanced solution to serve various sectors of the economy. The enterprise Blockchain market has experienced significant advancements and progress in recent years. Despite the potential challenges or adverse events within the cryptocurrency industry, more......
Rpay Secures a License from the US Office of Foreign Asset Control to Provide Stablecoin Payments and Remittances
Cryptocurrency Finance News

Rpay Secures a License from the US Office of Foreign Asset Control to Provide Stablecoin Payments and Remittances

Fintech News Desk
by Fintech News Desk0
Rpay’s OFAC license issuance signals that building trust with U.S. regulators in the crypto industry is achievable when companies provide tangible value to ordinary people Rpay, a stablecoin wallet built by the team behind Reserve used throughout Latin America by regular people for savings, shopping, payroll, and remittances, announced it has successfully......
BIT to Utilize Circle’s ‘Fiat to Crypto’ On-Ramp and USDC Settled Products
Artificial Intelligence Finance News Technology

The Gap Between AI And Blockchain Has Finally Been Bridged With The Arrival Of OxAI

Fintech News Desk
by Fintech News Desk0
AI holds revolutionary power in its hands. Its incorporation into any sector of the world has always proven to be beneficial. According to statistics, this innovation holds the potential to add a whopping $13 trillion to the global GDP by 2030 and what’s more, it can add almost 133 million......
Australia Tightens the Competition and Consumer Act with Stricter Penalties
Compliance management Consumer protection laws Featured

Australia Tightens the Competition and Consumer Act with Stricter Penalties

Sudipto Ghosh
by Sudipto Ghosh0
Last week, the Australian lawmakers passed the Treasury Laws Amendment Bill 2022 to strengthen the existing  Competition & Consumer Act 2010. The new amendments to CCA 2010 would now attract harsher penalties for companies that indulge in unfair practices with the consumers and small businesses. Corporations found to contravene the......
Ceres Calls on Federal Banking Regulators to Strengthen Racial and Climate Equity in the Community Reinvestment Act
Banking News

Ceres Calls on Federal Banking Regulators to Strengthen Racial and Climate Equity in the Community Reinvestment Act

Fintech News Desk
by Fintech News Desk0
Ceres submitted comments to the Fed, the FDIC, and the OCC urging the agencies to modernize the Community Reinvestment Act (CRA) by explicitly incorporating racial equity and strengthening environmental and climate provisions. This NPR represents the most significant changes to the CRA regulations in over 20 years. Latest Fintech News: Citizens......
FNCB Recognized as One of the Top Community Banks in the United States
Banking News

FNCB Recognized as One of the Top Community Banks in the United States

Fintech News Desk
by Fintech News Desk0
FNCB Bancorp, Inc. the parent company of FNCB Bank, announced FNCB Bank has been recognized as one of American Banker’s Top 200 Community Banks in the U.S. for the second consecutive year. The list is published annually and is led by companies with strong profitability metrics, minimal credit losses and......
OwlTing Group Leverages Dow Jones Watchlist for OwlPay to Achieve Robust Global Regulatory Compliance
B2B News

OwlTing Group Leverages Dow Jones Watchlist for OwlPay to Achieve Robust Global Regulatory Compliance

Fintech News Desk
by Fintech News Desk0
Global cross-border transactions are increasing in demand. According to Juniper Research, a UK-based market research company, the total amount of global B2B cross-border transactions will grow from 34 trillion USD in 2021 to 42 trillion USD by 2026. With alternative transactions gaining popularity, the financial regulations in various countries become stricter. In light of......
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