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Rules targeting financial criminals will require new filings for startups and small businesses

GeekWire

Treasury Department’s Financial Crimes Enforcement Network (FinCEN). Startup and small business owners take note: if your company has 20 or fewer full-time employees and gross annual sales of less than $5 million, there’s a new federal filing requirement that you need to know about. Insignia of the U.S.

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Digital banking boosts financial inclusion, new business models in Africa

CIO Business Intelligence

In early 2021, a wave of digital innovation in the African financial sector, born out of a response to the tight grip of the pandemic, fuelled services and applications that had the potential to really shake up the banking sector. African banks rush to offer new services. Fintech lowers costs for banks and consumers.

Banking 52
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Washington Dept. of Commerce helps launch ‘Equitable Innovations Accelerator’

GeekWire

Other commerce department initiatives with an emphasis on under-represented communities include the Small Business Flex Fund , backed by $30 million from the department and $40 million from several banks. The fund has provided low-interest loans of up to $150,000 to more than 110 small businesses since its inception this summer.

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Digital transformation is a truly global phenomenon

TM Forum

The group chief information officer at Malaysian multi-national operator Axiata, Anthony Rodrigo, a TM Forum board member, offers an excellent example of how communications service providers (CSPs) can use APIs to simplify their IT systems and create new business opportunities for customers. Harvard Business Review. Writing in the.

Financial 130
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Here are the Seattle-area tech companies that received a PPP loan from the federal government

GeekWire

The Small Business Administration on Monday revealed data from the Paycheck Protection Program (PPP) , a CARES Act initiative “designed to provide a direct incentive for small businesses to keep their workers on the payroll,” according to the SBA. Tempered Networks. Coding Dojo. Hardsuit Labs. JetClosing.

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Peer-to-peer banking - Trends in the Living Networks

Trends in the Living Networks

The principle is simple – you lend to individuals at interest rates based on their credit rating, and since you’re cutting out the bank as middleman, both lender and depositer get more attractive interest rates than they can get commercially. Banks are the archetypical intermediary, in this case between depositers and lenders.

Banking 83
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Sovereign Cloud: A Rising Customer Priority

CIO Business Intelligence

The UK government initiated ‘Open Banking’ in 2017 to increase competition in retail banking. 2 Collaboration between banks, third parties, and technical providers use a secure and regulated framework to protect sensitive data. Small Business For smaller businesses, complying with data sovereignty requirements can be daunting.

Cloud 52