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Former Fed Nominee Moore Announces New Stablecoin

Economist Stephen Moore, who recently lost out on a bid to join the board of the Federal Reserve, is looking to launch his own cryptocurrency product, Fortune reported on Monday (Oct. 21). Moore and other entrepreneurs are seeking to start a digital stablecoin — Frax — as a “new type of central bank” to stabilize […]

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Mastercard To Host SMB Summit For Women Entrepreneurs

Mastercard is celebrating National Women’s Small Business Month by gathering it’s Women’s Business Advisory Council for a retreat and launching its first ever Small Business Summit in New York City. “Small Businesses are the heart of the nation. During a month where our attention turns to them, we are continuing to drive a dialogue with […]

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Amazon, Google Smart Speakers Could Be Breached By Hackers

Security researchers at SRLabs have discovered a new vulnerability that could leave Google and Amazon smart speakers exposed to hackers. “Through the standard development interfaces, SRLabs researchers were able to compromise the data privacy of users in two ways: 1) request and collect personal data, including user passwords, 2) eavesdrop on users after they believe […]

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FinCEN Head: FinTech Firms Must Follow AML Laws

The head of the Financial Crimes Enforcement Network (FinCEN) has warned FinTech firms that they must abide by anti-money laundering (AML) laws. “The expectation is that you will comply with existing regulation,” said Director Kenneth Blanco at a FinTech event, according to American Banker. The warning seems to be aimed toward cryptocurrency exchanges and FinTech […]

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Why Merchant Services Are Key To Small FI Deposit Growth

This developing world of payments and the fierce competition offered by non-traditional providers of financial services presents big challenges to smaller and community banks – those financial institutions (FIs) with less than $10 billion in assets. But merchant services programs can offer a way for those smaller FIs to gain and retain an edge – […]

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Visa: She’s Next Initiative Goes Global

In early 2019, Visa launched the “She’s Next, Empowered by Visa” initiative to boost women-owned small businesses (SMBs) around the world through shared research, experience and technologies. Since its launch in the U.S. earlier this year, the program has hosted workshops in New York, Atlanta and, most recently, Washington D.C. to connect like-minded women founders […]