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The foreign exchange (forex/FX) sector within banks has unfortunately been portrayed in the media as having high-flying traders and extreme wink-and-nod culture of questionable dealings. Due to the misdeeds of a few FX currency traders, the reputation of several major banks have been put on the line as they now face regulatory fines. During the spring

Trulioo’s very own Nathan SooHoo will be presenting at NewFinance’s FinTech Open Mic Night series this week in San Francisco! NewFinance is a global network of over 5,500 professionals actively involved in financial innovation through technology. NewFinance members include entrepreneurs, technologists, investors, service providers, academics, students, government and other interested parties. Many of the new web

As a founding member of the European Union (EU) and one of the first EU countries to adopt the euro currency, the Netherlands is a modern industrialized nation actively involved in European affairs. The Dutch economy is the sixth largest in the EU, and heavily supported by high levels of agricultural exports. Although the Dutch

In the past 5 years, we’ve heard a lot of buzz about bitcoin. Canada is the second most popular destination for venture capital invested in bitcoin companies, behind the United States and ahead of China. Revenue Canada became the first Canadian government authority to issue an official statement declaring bitcoins to be simple goods exchanged under

The emergence of an open source cryptocurrency called bitcoin in 2009 and the revolutionary effect it’s had since continues to force global economic consideration and change. As with many technological innovations, governments around the world are trying to gauge the staying power of this digital currency and determine how best to regulate it. The former

The current state of affairs within the payment sector in Europe is in serious need of change. According to a press release issued by European Parliament, the existing European Union (EU) payment services market is highly fragmented and expensive, costing more than 1% of EU GDP, or $147 billion annually. In July 2013, the European

TechCrunch recently published an intriguing article on how Facebook has finally made its entry into payments space. Facebook is offering peer-to-peer money transfers at no charge to its users. Although the service is currently only available in the United States, the social network is reportedly awaiting approval from the Central Bank of Ireland to provide

Switzerland is a country renowned for its sovereignty and neutrality, which has been respected by all countries. Because of Switzerland’s determination not to take sides in any international conflict or dispute, it has been long been regarded as a safe haven for foreign investors because of its political and economic stability. Unfortunately, the desirability of

As mentioned in an earlier blog post, one approach to reducing global poverty that is gaining momentum is to provide easy and affordable access to the Internet to the poor in developing countries through mobile phones. The principle behind this approach is that greater levels of Internet adoption and use by the poor will provide