Author: Oksana
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The innovation of payments in the US market.
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A consumer survey on digital payments in the United States, conducted by McKinsey in 2022, indicated an uptick in demand for digital financial instruments, thereby unveiling new avenues for service providers in the fintech ecosystem. Among the most salient payment innovations in 2023 is the Federal Reserve System’s enhancement of its interbank settlement infrastructure and…
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Most Promising Fintech Firms as Ranked by CB Insights in 2022
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Annually, CB Insights employs a synergistic blend of big data algorithms and tools to curate a list of the top 250 standout private fintech companies globally. CB Insights operates a business analytics platform, a global database, and its proprietary Mosaic scoring tool, enabling in-depth market analysis, company information scrutiny, and investment attractiveness evaluation. In 2022,…
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How De-Risking Strategies are Changing the Caribbean’s Financial Sector
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In recent years, the banking system of the Caribbean region has been influenced by a de-risking trend — namely, the cessation or limitation of business relationships with specific clients or entire countries to mitigate exposure to questionable transactions. De-risking strategies were actively implemented between 2015 and 2020 with the objective of risk reduction and enhancing…
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The Financial Strength of the Caribbean Banks: Safe, Sound and Serving the Global Community
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When we think of banking in the Caribbean, perhaps the first image that comes to mind is that of a small, quaint branch office on a sandy beach. However, Caribbean banking reality is far from this stereotype. The islands’ banking sector is a hub of activity, with connections to many of the world’s largest banks,…