Columbus, OH

Getting your Trinity Audio player ready... Deposit insurers or lenders that provide insurance to depositor funds against bank failures should take an interest in the degree of replacement of bank deposits by central bank digital currencies (CBDCs), according to the Reserve Bank of India (RBI). “For deposit insurers, factors of...

Replacement of bank deposits by CBDC an area of key interest for deposit insurers: RBI

PYMNTS

For Klarna, buy now, pay later (BNPL) may serve as an onramp toward building a wider financial ecosystem tied to its app — and perhaps, will give banks a run for their money (literally). The company said in a blog post on Thursday (Aug. 15) that it would debut...

As Klarna Eyes Banking, BNPL Becomes Onramp to NextGen Neobank

Strategy consultants at OC&C have shared a report unveiling a significant opportunity for Embedded Finance for scale SaaS ERP (Enterprise Resource Planning) and payroll providers. Embedded Finance refers to the “integration of financial products into non-financial customer journeys.”. The value chain for embedded finance typically “consists of three steps:...

Embedded Finance Landscape Is Shifting with Financial Services Enablers Moving Towards Full Banking Licenses – Report

Singapore’s DBS Bank, in partnership with Visa, unveiled its first multi-currency commercial debit card, the DBS Business Advance+ Card (BAC+), designed to bolster the financial operations of companies engaged in global digital markets. This launch is part of DBS’s broader strategy to facilitate smoother cross-border transactions for businesses amid...

Singapore: DBS Bank Unveils First Multi-Currency Commercial Debit Card

New York State

Getting your Trinity Audio player ready... The New York State Department of Financial Services (NYDFS) has announced that it is seeking an artificial intelligence (AI) and Web3 expert to assist in formulating consumer protection policies for residents. According to the job listing, the role falls under the Innovation Policy Unit...

New York’s financial regulator seeks digital currency, AI expert for policy unit

Swedish fintech firm, Klarna, is setting its sights on large-scale banking corporations like JPMorgan and Bank of America as it prepares to launch its own retail-banking services. This served as a strategic move towards the firm’s upcoming initial public offering (IPO). With a comprehensive plan to provide new features such as savings accounts and debit cards, Klarna aims to separate itself from traditional banking institutions and evolve into a fully-fledged bank.

Klarna plans foray into retail banking ahead of IPO

GenAI (generative artificial intelligence) can be a powerful business tool. Adopting this technology enables you to automate repetitive tasks, letting your staff focus on more revenue-driven activities. GenAI facilitates your company’s fast and personalized responses to customer inquiries and ensures data-driven business decisions. While GenAI has become increasingly popular...

4 GenAI Risks for Businesses

GGW Voices is an ongoing collaboration between CDC Gaming Reports and Global Gaming Women featuring commentary and insight from women in the gaming industry. It’s hard to believe G2E is only weeks away! As we move into the prime time of the gaming industry’s trade show season, the importance of customer centricity cannot be overstated. When every exhibitor is vying for attention, those who succeed are the ones who truly prioritize the needs and desires of their target audience. This customer-centric approach not only helps to attract attention but also fosters long-term loyalty, ensuring that your brand remains top-of-mind long after the trade show ends.

GGW Voices: Customer-centric solutions drive business growth

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

New Jersey State

Newark, NJ

Morristown Minute

NEW JERSEY - Alain Rodrigues, a 49-year-old Middlesex County resident and owner of a construction business in Old Bridge and Newark, New Jersey, has admitted to charges of tax evasion and failure to collect and pay over taxes. U.S. Attorney Philip R. Sellinger announced that Rodrigues entered his guilty plea on August 1, 2024, before U.S. District Judge Esther Salas in Newark federal court.

Construction Business Owner Admits Tax Evasion, Owes $1.35M

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The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Denver, CO

The Denver City Council accepted Monday two grants totaling $24.5 million from the state of Colorado to pay for the homeless navigation campus it opened last year. One council member wants answers as to why wraparound services at the campus aren't up and running.

Denver homeless hotel wins $24.5 million grant, experiences wraparound services delay

HTX Ventures has released its 2024 Half-Year Investment Report, outlining its strategic investments and focus areas for the first half of the year. As a significant player in the blockchain venture capital (VC) sector, HTX Ventures targeted six key areas and invested in 23 projects to drive innovation and address the core challenges of Web3, as shown in the Figure below.

Strategic blockchain investments by HTX Ventures: A mid-year analysis

Camden, NJ

Cornelius, NC

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

El Salvador – [August 19th 2024] – Gofaizen & Sherle, a leading provider of legal and business consulting services for FinTech projects, digital assets, investment funds, and financial organizations, is excited to announce the opening of its new office in El Salvador. This strategic expansion aims to enhance our global presence and better serve our clients in the burgeoning FinTech sector.

Gofaizen & Sherle Opens New Office in El Salvador, Strengthening Global FinTech Services

In the global view, small businesses aren’t so small. They represent 90% of all businesses and more than 50% of employment globally. And in emerging markets, they are contributing 40% of GDP. Those stats from the World Bank underscore the need for these smaller companies — the sole proprietorships,...

Visa’s Koenigsberg Says Small Businesses Are Ready to Embrace BNPL

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Digital natives have embraced GenAI with mostly open arms. Many use it weekly, if not daily, for quick information and effortless editing. At the same time, excitement over an older form of artificial intelligence technology, voice assistants, has cooled off. Ironically, this shift away from voice assistants is being led by its once-loudest cheerleaders. This trend raises broader questions about the long-term impact and staying power of “the next big thing.”

GenAI and Voice Assistants: Adoption and Trust Across Generations

Commonwealth, a nonprofit focused on building financial security, announced Tuesday a $7 million commitment from JPMorgan Chase & Co. to launch a three-year national project aimed at providing financial education and services to low- and moderate-income workers at participating employers. According to the announcement, JPMorgan has committed the funds to...

Commonwealth Launches Financial Well-Being Program With $7M From JPMorgan

Getting your Trinity Audio player ready... Christen Ager-Hanssen has been declared bankrupt—again—in the United Kingdom after failing to pay a court-ordered judgment to his former employer, enterprise blockchain technology research firm nChain Holding AG. On August 19, the Ager-Hanssen Exposed (AHE) site reported that a U.K. court had...

Fugitive Christen Ager-Hanssen bankrupted by UK court order

NewsBreak

India central bank: Integration of advanced technologies in financial sector brings opportunities, risks

Getting your Trinity Audio player ready... The Reserve Bank of India (RBI) believes that technology-induced systemic risk has become one of the key areas of concern...

India central bank: Integration of advanced technologies in financial sector brings opportunities, risks

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