Argenta Solutions Fintech

2022-01-25 09:24:21 Building a more inclusive banking sphere
Digital IDs are standard practice in fintech.

Currently, over 1.7 billion people worldwide (nearly a fourth of the population) don’t have a formal bank account, and yet 64 per cent of global consumers have used one or more fintech platforms. Part of the reason is people can more easily set up a digital ID online than go to an in-person bank appointment. Likewise, for people who live in rural areas or who don’t speak the local language, a digital ID is more attainable. Plus, digital IDs accommodate people who have limited mobility or cognitive disorders and can’t travel or remember their account details. Open / Comment

2022-01-20 09:42:20 Kazakhstan chaos hits global Bitcoin mining operation
As the Central Asian nation of Kazakhstan plunged into chaos this week, an internet shutdown hit the world’s second-biggest bitcoin mining hub, in yet another blow to miners searching for a permanent and stable home.
Kazakhstan is still filled with uncertainty and major bitcoin mining farms have gone offline but the impact is limited and expected to be short-lived, Bekbau said. Restored internet access should lead most miners back online, despite the usual winter power rationing measures as demand peaks between 6 pm and 11 pm most days due to increased energy usage by households, he said.
The question now is how much confidence Bitcoin miners have in the country’s stability, and where they will go next if the chaos continues. Some experts say the U.S. might soon see a new wave of crypto miners looking for a safer haven. Open / Comment

2022-01-19 11:51:20 Argenta Solutions provides a full set of services  of cryptocurrency exchange and crypto currency depository wallet operator authorization including company registration, preparation of all required AML/KYC policies and procedures. After the authorization process Argenta Solutions provides tax advice, bookkeeping and Lithuanian FIU compliance services for authorized entities. Argenta Solutions also assists in the opening of Bank and Electronic Money accounts for Crypto Companies. Open / Comment

2022-01-14 12:53:36 Open / Comment

2022-01-13 10:09:29 NEWS
Tinkoff Bank bought a controlling stake in the Swiss crypto exchange Aximetria.

A group of major US banks plans to launch their own USDF stablecoin.

A lucky solo miner with computing power of only 126 TH / s bypassed large mining pools, first choosing the right solution for adding a block, earning 6.25 BTC ($ 260,000). Open / Comment

2022-01-11 11:33:22 NEWS
The German Neobank N26, which serves more than 7 million clients in 25 countries and is valued at $ 9 billion, will launch cryptocurrency trading for its clients this year. Open / Comment

2022-01-06 08:35:00 How AI is affecting Fintech?

The FinTech industry is distinguished by its high degree of innovation within a complex ecosystem that includes, among others, banks, financial service providers, and start-ups.
Not surprisingly, then, in recent years, it has relied heavily on artificial intelligence (AI) and machine learning (ML) for strategic decision making, customer insights, understanding consumer purchasing behaviour, and improving the digital transaction experience.
Now, let’s examine some use cases of FinTech innovation driven by AI, and the main benefits FinTech companies can gain from this technology.
Increased Security
Improved Customer Service
Risk score profiling
Regtech Open / Comment

2022-01-04 10:25:18 3 leading Fintech trends to watch in 2022
We have seen dramatic growth in FinTech during the pandemic. As the banks shut down, people largely relied on virtual financial services. For example, in the United States, 59% of Americans use more fintech apps now than they did prior to the pandemic.
1. Autonomous finance
2. Digital only banks
3. Blockchain technology


Source https://www.fintechnews.org/3-leading-fintech-trends-to-watch-in-2022/ Open / Comment

2021-12-28 08:43:46 Being a part of Argenta Solutions
International consulting network operating in more than 10 countries around the world, Argenta Solutions currently is considered to be the most experienced financial licensing advisor in the EU and the UK. We licensed more than 15 different financial institutions. Argenta Solutions provides all necessary services for the bank licensing process, including preparation of the legal part of the licensing documentation, preparation of the business plan and financial part of the licensing documentation, representation in the Bank of Lithuania (Regulator) during the licensing procedure, advice on AML, IT, HR, compliance and other issues arising during the incorporation of banking business in Europe. When the licensing procedure is completed, Argenta Solutions offers accounting, audit, compliance and legal services for the operational banking business. Open / Comment

2021-12-23 14:30:45 Binance отменяет ежеквартальное сжигание BNB - вместо этого они запускают механизм BNB Auto-Burn, который работает независимо от прибыли, полученной на Binance благодаря использованию BNB.

Количество сжигаемых монет будет зависеть от цены BNB и количества блоков, созданных в течение квартала. Автоматическое сжигание BNB будет остановлено, когда эмиссия BNB упадет ниже 100 миллионов. Open / Comment