Related
Social Security Benefit Cuts Coming
Inflation has reduced the value of social security benefits to recipients. But there will be further cuts in the long run. Experts say the increasing needs of seniors are burdening small benefit reserves. Americans are living longer because of lower lifestyle risks. Life expectancy was 47 years in 1900 and it was 76 in 2021.
New deadline for delivery of stimulus checks in the U.S.
In the United States, there is a territory that extended the deadline for the delivery of stimulus checks due to the high prices imposed by inflation. It is the so-called Golden State, California, where its Franchise Tax Board announced a delay in the review of the information.
fintechnexus.com
Custodia Bank rejection: What’s next?
On Friday, Jan. 27, 2023, the Federal Reserve Bank (FRB) of Kansas City announced its decision to reject Custodia Bank’s application for a master account. If approved, the bank would have access to the payment rails between banks without relying on an intermediary. “We believe that the Fed’s decisions...
fintechnexus.com
Web3 insurance is all about the basics
While Web3 and the crypto world provide some unique situations, when insurance providers assess their risk, they go back to the basics. That is if they touch it all. Most do not. Many companies’ policies explicitly state they will not cover cryptocurrency and blockchain. Vouch has policies designed to cover smart contract vulnerabilities, DAOs, cryptocurrencies, and regulatory defense coverage.
fintechnexus.com
B2B BNPL: Where does this leave banks?
The new year started with a bang for B2B BNPL. Already in the dregs of 2022, reports and announcements surfaced of the sector’s pivots into the B2B market. VCs (and their mountainous dry powder) have shown an interest in business-facing firms, and traditional players such as Santander have announced their steps into the B2B BNPL arena.
fintechnexus.com
ADL report suggests thinning of the crypto herd inevitable
In the latest Arthur D. Little (ADL) report on cryptocurrencies, study authors suggest the creme of the crypto crop will float to the top while the dregs will get dumped in the slop bucket. Undoubtedly it is an interesting time for cryptocurrencies. Price fluctuations are commonplace while conventional financial institutions...
fintechnexus.com
How organizations can reduce effects of inflation through AP automation
The following is a guest post from Laurent Charpentier, CEO of Yooz. Inflation leaves less disposable income for businesses and individuals, and a looming recession leads to less spending. Yet, four out of five small business owners believe they can survive a recession, according to the June 2022 Small Business...
fintechnexus.com
Binance partners with Mastercard to launch prepaid crypto card in Brazil
Binance announced a partnership with Mastercard this week to launch a prepaid card in Brazil, the second initiative of its kind in Latin America after a previous rollout in Argentina. The card, which is still in beta, will soon be available to all existing Binance users with a national ID....
fintechnexus.com
Plaid responds after CFPB finally addresses Section 1033
Structured changes to handling consumer data rights are making their way across the pond. Following the successful adoption of open banking standards in the UK and Europe, the rest of the world is catching on. Development of countries’ standards to match the innovation in Europe is underway, and the U.S. is no exception.
Comments / 0