Aubrey Moore | Aug 10, 2022 Introduction The term “fintech” is a relatively new one, coined in the early 21st century. It’s a blend of the words “financial” and “technology,” and it refers to the use of technology to deliver financial services. Fintech has become increasingly popular in recent years for several reasons. First, the
Bank of Canada (via email) | Aug 8, 2022 The Retail Payments Advisory Committee (RPAC) met on June 16, 2022, for a demonstration of the digital tools the Bank of Canada is developing as part of its retail payments supervision (RPS) mandate. These tools include: the self-assessment questionnaire to help businesses determine whether they should
Food costs climbed 1.1% in July, bringing the year-over-year gain to 10.9%, according to the latest Consumer Price Index figures.
High inflation points to a possible 9.6% Social Security cost-of-living adjustment in 2023, according to a new estimate based on data released on Wednesday.
The Paypers | Raluca Ochiana | Aug 3, 2022 Rapidly growing technologies also cast their shadows from a compliance perspective According to the 2022 Crypto Crime Report by Chainalysis, two main forms of illicit activity were observed in the past year: Wash trading to artificially increase the value of NFTs and money laundering through the
The Senate approved nearly $80 billion in IRS funding with $45.6 billion for "enforcement." Here's who may be affected by more audits.
If you receive a surprise call or letter about unpaid debts of which you are not aware, don't panic. Take these steps first.
The price for major components of vacation travel have declined for two consecutive months, according to the U.S. Department of Labor's Consumer Price Index.
Aug 10, 2022 When you are just launching your business and bringing that amazing idea to life, you will be focusing on the creative side of the business. Things like how you are going to produce the product, how you are going to market it, how you can make it better suited to customer needs,
Reuters | Christopher Bing and Daphne Psaledakis | Aug 8, 2022 WASHINGTON, Aug 8 (Reuters) - The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A senior Treasury Department official said Tornado Cash, one of
Senate passed bill limiting out-of-pocket spending on insulin to $35 per month for Medicare beneficiaries. Other patients still face high costs for treatment.
Increasingly, high school students are rethinking the value of a four-year degree. Many want a more direct path to a job without all the debt.
National Post | Ken Coates | Aug 6, 2022 The rules of national competitiveness keep changing. If the last few years were tough, the future looks even more confusing. Is Canada up to the challenges? The apparent answer is disquieting. Canadians should be razor-focused on ensuring the country remains at the top, but worrying signs
NCFA Canada | Mahi Sall | Aug 9, 2022 Thought Leadership Series of Expert interviews and insights related to a made-in-Canada open banking regime The National Crowdfunding & Fintech Association of Canada (NCFA), true to its mission of providing education, industry stewardship, networking, growth, and funding opportunities for innovative financial technologies and related sectors, is
Aug 9, 2022 Having a cloud-based platform is rapidly turning into the standard for IT modernization, especially in the finance and banking industries. At this point, cloud technology is already considered a critical tool and not just an emerging trend or futuristic concept. But while the importance of cloud computing has already been established in