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Fintechs are under pressure to stop Russian sanctions evasion. This start-up raised $94 million to help
[ad_1] Fintechs have come under increased pressure to address Russian sanctions evasion, particularly amid concerns that their controls may be more lax than that of banks. Kirill Kudryavtsev | Afp | Getty Images LONDON — Seon, a start-up that helps fintech companies like Revolut tackle online fraud, has raised $94 million to develop new tools […]
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Don’t blame stimulus checks for inflation, says Andrew Yang, who still supports sending free cash to most Americans
[ad_1] MIAMI — Former presidential candidate Andrew Yang says that Covid stimulus checks are not to blame for the recent inflation spike — and he’s still in favor of sending people free cash as a way to insulate workers from economic shocks and technological disruption. The universal basic income (UBI) evangelist told CNBC on the […]
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We’re all gonna make it? Crypto bosses say the ‘tide is turning’ on regulation
[ad_1] Changpeng Zhao, founder and CEO of Binance, speaks at the Blockchain Week Summit in Paris, France, on April 13, 2022. Benjamin Girette | Bloomberg | Getty Images PARIS — The crypto world may have turned a corner when it comes to regulation. The bosses of several major crypto companies told CNBC regulators are beginning […]
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Crypto firm Ripple’s court battle with the SEC has gone ‘exceedingly well,’ CEO says
[ad_1] Brad Garlinghouse, chief executive officer of Ripple Labs Inc., speaks during a panel discussion at the Singapore FinTech Festival in Singapore, on Monday, Nov. 12, 2018. Wei Leng Tay | Bloomberg | Getty Images PARIS — Ripple CEO Brad Garlinghouse is confident the company will come out well as its lengthy court battle with […]
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U.S. fintech Plaid taps Booking.com veteran to lead its European expansion
[ad_1] Ripsy Bandourian, head of Europe at Plaid. Plaid LONDON — Financial technology firm Plaid has hired Ripsy Bandourian, a long-time Booking.com executive, to head up its European operations. Bandourian joined Plaid last week and is working out of its Dutch offices in Amsterdam. She’ll be tasked with leading the San Francisco-based start-up’s expansion in […]
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Binance deepens Middle East expansion with ‘in-principle’ Abu Dhabi approval; CEO says ‘more to come’
[ad_1] Binance CEO Changpeng Zhao said the company is “not shunned elsewhere” and that there’s “more to come.” Wei Leng Tay | Bloomberg | Getty Images Cryptocurrency exchange Binance has obtained a provisional green light from Abu Dhabi regulators, deepening its expansion in the Middle East. The company said Sunday it was given approval “in […]
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Morgan Stanley aims to serve the richest of the rich as family offices grow to $5.5 trillion in assets
[ad_1] Jed Finn, Chief Operating Officer for Morgan Stanley Wealth Management and Head of Corporate and Institutional Solutions Source: Morgan Stanley After making inroads managing money for the merely wealthy, Morgan Stanley is setting its sights on the richest of the rich — family offices with tens of billions of dollars in assets, CNBC has […]
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‘Bear market rally’ is setting stage for a correction, Morgan Stanley’s Mike Wilson warns
[ad_1] A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. Wilson cited technical headwinds on CNBC’s “Fast Money” on Monday. “It does have all the hallmarks of what I would call […]
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Britain announces plans to mint its own NFT as it looks to ‘lead the way’ in crypto
[ad_1] In this photo illustration a novelty Bitcoin token is photographed on £10 notes. Matt Cardy | Getty Images LONDON — The U.K. government on Monday announced plans to mint its own non-fungible token, as part of a push toward becoming a “world leader” in the cryptocurrency space. Finance Minister Rishi Sunak has asked the […]
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As Wall Street banks embrace crypto, high-flying start-ups look to lure top finance talent
[ad_1] Wall Street has been beefing up hiring for digital asset teams. But some employees are walking away from name-brand institutions in search of more risk, and potentially, more reward. JPMorgan Chase, Morgan Stanley and Goldman Sachs are among the firms with dedicated groups for cryptocurrency and its underlying blockchain technology. JPMorgan has one of […]
