Interest in CBDC picks up in Latin America

Latin America and the Caribbean (LAC) are at the forefront of digital money adoption, offering valuable lessons for the rest of the world. While El Salvador has made headlines by granting legal tender status to Bitcoin, other LAC countries have made significant strides in the introduction of central bank digital currencies (CBDCs) to either enhance financial inclusion and payment systems’ resilience or lower cross-border remittances’ costs, as our recent research shows.

United States Fintech Market 2023 : Development and Key Factors

Report Ocean has recently published a comprehensive study on the United States Fintech Market, covering the prediction period of 2023-2031. Throughout the years, this report has diligently examined the industry, taking into account various factors such as macroeconomic parameters, consumer buying patterns, microeconomic parameters, GDP growth rate, inflation rate, and market demand-supply scenarios.

New Trends in Fintech Growing for 2024

The fintech industry is growing rapidly, and it is expected to continue to grow in the years to come. In 2024, the global fintech market is projected to reach $324 billion. This growth is being driven by a number of factors, including the increasing adoption of digital payments, the rise of mobile banking, and the growing demand for financial services by underserved populations.

Anti-Money Laundering Laws for 2023

Anti-money laundering (AML) laws are intimately connected with the law enforcement agencies of the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC), along with the Financial Crimes Enforcement Network, the Financial Intelligence Unit, and the Financial Action Task Force. OFAC is in charge of enforcing American economic sanctions with businesses or individuals involved with a foreign bank or financial institution.