PYMNTS AM Radar: Crypto Financial institution Flagged

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At this time is Friday (April 22), and a crypto financial institution that was granted a conditional license final 12 months is now being referred to as to the carpet by the Workplace of the Comptroller of the Foreign money (OCC) for anti-money laundering (AML) violations. Plus digital funds agency TransferMate can have its brand on the aspect of a Haas F1 race automotive. Right here’s what else needs to be in your radar this morning. 

Crypto Financial institution Flagged: Anchorage Digital Financial institution was flagged by the OCC for violating AML legal guidelines. The flagship crypto financial institution based mostly in Sioux Falls, South Dakota was granted a conditional license final 12 months and did not undertake a compliance program that meets Financial institution Secrecy Act and AML protocols, OCC stated. READ MORE 

Digital Eating: The pandemic fueled the need of inventing new methods to dine out — and now that life is usually again to regular, customers have extra choices than ever earlier than: order forward for pickup, at-home supply, out of doors eating and indoor seating. Digital Divide: The Key Elements That Drive Restaurant Selection, a PYMNTS and Paytronix collaboration, surveyed customers to get an in-depth look into how they make the choices that drive which restaurant to order from or go to. READ MORE

Racing for Funds: World funds agency TransferMate is an official staff associate with the racing outfit Haas F1 Staff. The TransferMate brand will likely be featured on the Haas F1 Staff’s VF-22 automotive and the attire of drivers Kevin Magnussen and Mick Schumacher all through the 2022 FIA System 1 World Championship. READ MORE

M&A Enforcement: The Federal Commerce Fee (FTC) and the Division of Justice (DOJ) are engaged on new mandates that might embrace central updates to regulators’ strategy to how mergers are analyzed. Gary Zanfagna, chair of the antitrust group at Paul Hastings, instructed PYMNTS that the brand new guidelines have created a panorama of uncertainty. READ MORE



Plastiq - The Future Of Business Payables Innovation: How New B2B Payment Options Can Transform The SMB Back Office - April 2022 - Learn how all-in-one payment solutions can help businesses streamline B2B transactions and remove AP and AR management frictions

About: Whereas over half of SMBs imagine that an all-in-one cost platform can save them time and enhance visibility into money flows, 56% imagine that the answer might be tough to combine with current AP and AR techniques. The Future Of Enterprise Payables Innovation Report, a PYMNTS and Plastiq collaboration, surveyed 500 SMBs with revenues between $500,000 and $100 million to discover how all-in-one options can exceed SMBs’ expectations and assist future-proof their companies.


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