Tag Archives: financial technology

Decentralized finance (DeFi) has grown exponentially this year and is becoming more popular on a regular basis.DeFi Is Heading for the StarsOne of the big things behind the growth of DeFi is Chainlink, which has become one of the largest cryptocurrencies available in the digital world today. At one point, Chainlink (LINK) was in 12th place when it come to the arena’s largest digital assets, but now, the currency has a total market cap of several billion and has moved into fifth place, marking...

New acting comptroller of the Office of the Comptroller of the Currency (OCC) Brian Brooks announced that this coming fall season, banks can expect to see what the OCC is calling the new Payments Charter 1.0, which could potentially provide service in the interest of both fintech and cryptocurrencies.A Payments Charter Is What’s Needed to Help Banks and Crypto AlikeAs it stands, the way the U.S. government works is that banks are required to earn money-transmitting certificates dependent on...

Sundrania Fund Services Corp (aka Sundrania) has unveiled its new crypto administration platform that can handle any unique needs of the world’s growing list of digital currencies.Sundrania Is Bringing the Cloud and Crypto TogetherThrough Sundrania, companies utilizing the platform will be able to outsources all their operations through cloud technology. The application will also allow these companies to integrate themselves with the world’s leading cryptocurrency exchanges. Thus, if they...

A new three-strike rule is now in effect for crypto businesses looking to apply for New York’s dreaded BitLicense.The Dreaded BitLicense Just Got a Lot WorseRegulators have issued a warning telling users that anyone looking to apply for a BitLicense could potentially have their applications thrown out or quickly rejected granted they do not follow the feedback or rules brought forth by New York-based lawmakers. Granted a rejection occurs three times, the company will not be permitted to try...

All over the world, financial technology is one of the most potent and growing industries, with the power to not only improve but also completely disrupt the traditional financial sector. There almost always is a new fintech focused firm springing up every day at different corners of the world, to not only solve certain problems that have existed for so long but also to create better effectiveness and efficiency. So far, however, they have been successful because there is a very real and...