21
Jun
2023
International Banks in Puerto Rico with Fedwire
Category: International Bank License, Puerto R...
Puerto Rico serves as a hub for various financial institutions, including international banks that possess a Fedwire account. While there are numerous credit unions and local banks...
20
May
2023
The Best Cities in Mexico to Set Up a Financial Services or Fintech Business
Category: Blockchain, Business Planning, Finan...
In this post, I’ll look at the best cities in Mexico to set up a financial services or fintech business. After 20+ years of doing business in Mexico, here are my thoughts on the mo...
19
May
2023
The Internet and ChatGBT are Wrong About International Bank Licenses in Puerto Rico
Category: International Bank License, Offshore...
In this post, I’ll look at an AI-generated article about setting up an international bank in Puerto Rico and explain where it is wrong. The bottom line is that most of the informat...
16
May
2023
Risks of Bank Acquisition in Puerto Rico: Compliance, Loan Books, and Regulatory Pitfalls
Category: Business Planning, International Ban...
In this post, I’ll consider the risks of buying an existing bank. All of these issues must be considered before buying a bank in Puerto Rico or elsewhere. The primary risk areas wh...
02
May
2023
US Banking License vs. Puerto Rico International Banking License
Category: International Bank License, Offshore...
In this post, I will compare and contrast US banking licenses with international banking licenses in Puerto Rico.
24
Apr
2023
New International Banking Regulations for Puerto Rico in 2024
Category: Business Plan, Business Planning, In...
In this post, I will look at the proposed changes to Puerto Rico's international banking law, Act 273. I expect these changes to be approved for 2024 and to improve the island's in...
24
Apr
2023
Puerto Rico Cracks Down on International Banks: A Look at the Recent Closures
Category: International Bank License, Offshore...
In this article, I look at the reasons several banks have been closed in Puerto Rico over the last couple of years. The regulations and requirements to operate in Puerto Rico have ...
23
Apr
2023
Process to Apply for a US Banking License
Category: Bank Holding Company, Sin categoría,...
This article looks at the process to start a bank in the United States under a state charter. It goes into great detail on the process, capital required, capital ratios, and the FD...
23
Apr
2023
Why Locate Your Fintech in Crypto Valley, Switzerland
Category: Bank Holding Company, Blockchain, Fi...
Crypto Valley, Switzerland: The Ultimate Destination for Fintech, Financial Services, and Crypto Businesses. I'm a big fan of Crypto Valley, Switzerland (the Canton of Zug). In thi...
23
Apr
2023
Aged Swiss Trust for Global Financial Services Company
Category: Business Planning, Financial Service...
Leveraging Aged Swiss Trust Companies for Financial Services, Crypto, Blockchain, and AI Ventures in Switzerland. In this post, I look at using aged Swiss Trust companies as holdin...