3 By Cary Springfield, International Banker It’s fair to say that the global financial landscape of today is starkly different from what it was, say, 20 years ago. There are several reasons for this, but few are starker in 2024 than the attention that the financial world now gives to issues beyond the profits
Wyoming is reportedly developing its own U.S. dollar-backed stablecoin to be used for consumer payments. The state plans to launch the Wyoming Stable Token in the first quarter of 2025, CNBC reported Friday (Aug. 23). “It is clear to me that digital assets are going to have a future,” Wyoming Governor Mark Gordon told CNBC
Nymbus, a leading provider of innovative financial technology solutions, has recently announced a significant strategic investment from Gesa Credit Union. Based in Washington, Gesa is a prominent financial institution with assets exceeding $5.5bn, serving close to 290,000 members across the Pacific Northwest. This new funding is set to bolster Nymbus’ mission to support credit unions
As the financial services landscape rapidly evolves, traditional banks and financial institutions (FIs) find themselves at a pivotal juncture. The emergence of embedded finance and banking-as-a-service (BaaS) is revolutionizing the industry, pushing banks to adapt or risk being outpaced by nimble competitors from the Big Tech and FinTech sectors. A recent PYMNTS Intelligence report, “Embedded
High interest rates usually spell trouble for venture capital (VC) firms. But with a hot hand to play like AI and cybersecurity, and a shrewd evaluation strategy for potential investments, VC companies can still find plenty of opportunity. It’s a formula that Geneva-based Forestay Capital has worked effectively recently. On Monday (July 8), it announced
New challenges for industry have appeared in 2024. Rapid developments involving AI are forcing industry players to speed up digital transformation to derive maximum benefit from this disruptive technology. This is also an opportunity for them to rethink their business models and develop new performance indicators to become more resilient, more productive, and more innovative.
Traydstream and 360tf partnered to digitize, innovate and expand global trade finance solutions. The collaboration aims to make trade finance “efficient and seamless” by bridging the global trade finance gap, reducing paper dependency and digitizing processes, the companies said in a Wednesday (June 12) press release. “360tf and Traydstream together aim to revolutionize the digitization
In a landscape defined by unprecedented digitization and global connectivity, cross-border payments remain a paradox. That’s because, despite the size of the total addressable market — which is projected to reach a staggering 290 trillion by 2030 — cross-border payments are fraught with inefficiencies, high fees and delayed transactions. A situation almost entirely due to