Collaboration will be the key for financial institutions to leverage embedded solutions an article written by Rajeeb Gurung Embedded finance is one of the biggest trends set to impact the financial industry this decade. The implementation of the PSD2 directive, and the introduction of open banking services, were the prelude to embedded finance, which has integrated certain banking services into retailer and e-commerce platform experiences. According to Joris Hensen, founder […]
Most of the executives of the largest 500 companies in Romania use BlackCab services. BlackCab aims to obtain financing and that an important part of the fleet to be electric at the end of 2023. Dan Boabeș, a manager with over 20 years of experience in telecommunications and IT, has been appointed country manager of BlackCab, a company that offers premium alternative transport services in Bucharest, Timișoara, Cluj and Constanța. […]
Fasten your seat belts for cloudy banking in a recessionary world: from all lock-down to everything price-up. The pandemic supercharged digital banking—and this shift created an array of new challenges and imposed banks to develop new business models, which allowed flows to be optimized and operational performance to be improved. Forced by lock-down, banks have invested heavily in digitization. But despite the amounts invested, banks still have – more or […]
The move comes amid a broad downturn in the cryptocurrency market and new scrutiny on stablecoins. It’s the last remnant of the Diem project, formerly known as Libra, that Facebook kicked off some years ago. Meta plans to shutter its Novi digital wallet on Sept. 1, just eleven months after the company formerly known as Facebook debuted it, according to CNBC. The company announced the upcoming closure on Novi’s website, informing customers that […]
The meltdown in cryptocurrency deepened in the past week as major players contended with liquidations, withdrawal freezes, trading halts – and, at least in one case, a bailout. Crypto broker Voyager Digital on Friday announced a suspension of trading, deposits and withdrawals, while BlockFi, a major digital asset lender, won the backing of exchange FTX US with the potential to be acquired. Both companies were upended by the woes of 3AC. Now Crypto hedge […]
The legislation is part of the new EU anti-money laundering package and will be aligned with the Markets in Crypto-assets rules (MiCA). Transfers of crypto-assets will be traced and identified to prevent money laundering, terrorist financing, and other crimes, says the new legislation agreed on Wednesday. Parliament and Council negotiators reached a provisional deal on a new bill aiming to ensure that crypto transfers can always be traced and suspicious transactions blocked. […]
Inspectorii Direcției Generale Antifraudă Fiscală, din cadrul ANAF, au inițiat controale pentru verificarea veniturilor obținute în perioada 2016-2021 din tranzacționarea criptomonedelor prin intermediul unor diferite platforme descentralizate, precumBinance, KuCoin, Maiar, BitMart, FTX ș.a „Într-o primă etapă au fost identificate venituri de peste 131 milioane euro obținute de către 63 cetățeni români. Până în prezent, inspectorii DGAF au identificat cca.48,67 milioane euro omiși de la declarare, parțial sau integral,” potrivit comunicatului institutiei. Până […]
El Salvador purchased 80 bitcoin at $19,000 each, President Nayib Bukele said on Thursday, according to coindesk.com. “Bitcoin is the future. Thank you for selling cheap,” Bukele tweeted, and accompanied the text with screenshots of 40 purchases made on Thursday, which totalled $1.52 million. El Salvador’s last bitcoin purchase was in May, according to Bukele, when the Central American country acquired 500 coins for a total of $15.3 million, at a price of […]