Technology
Garrett Gafke, CEO of IdentityMind Global

IdentityMind Global will offer Confirm.io’s remote document verification technology to its clients.

Michelle Bowman

Federal Reserve Vice Chair for Supervision Michelle Bowman floated the idea of allowing employees to hold small amounts of digital currencies, arguing that it would help with retention and understanding of the product. But some questions whether the move will yield those results, or raise ethical problems instead.

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A close-up photograph shows a contactless payment being made. A person with a light-skinned hand holds a smartphone displaying a Monzo payment screen for £3.25 at "Francesco's Coffee House," with the text "Hold here to pay." Another person with a dark-skinned hand holds a bright red Monzo debit card just above the phone. The hands and devices are over a green, square-tiled table surface under bright, directional light.

Customers reported failed subscription payments and support issues, though a backup system kept some basic functionality online.

Defenses against financial schemes, both physical and digital, could leave executives scrambling to keep up with the pace of bad actors over the coming months.