In this 32 post, I’ll review the most popular banking core systems, with a focus on small and medium sized banks, especially startups. This will be a review of each system's capabilities and costs. Note that this
In this post, I’ll look at the recent failures in the banking industry and then explain how moving crypto banking offshore and into international banks is the solution. I’ll conclude with a review of those international banks
Establishing a bank in any part of the world requires a nuanced understanding of the specific country's regulatory environment and associated risks. Puerto Rico, a U.S. territory, is no exception. Despite the island's allure for offshore banking
Bermuda has quickly emerged as a leading jurisdiction for digital asset businesses and cryptocurrency exchanges, thanks to its comprehensive regulatory framework, stable political and economic environment, skilled workforce, favorable tax regime, and a supportive government. The Bermuda
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 in Puerto Rico that also have Fedwire accounts, this article
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 most popular jurisdictions.
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 information on the internet is
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 when buying an operating bank
I’m often asked to compare a US banking license and an international banking license from the US territory of Puerto Rico. In my mind, these are not competing products because their target audiences are so different. But,
Puerto Rico's Governor Pedro Pierluisi and Financial Institutions Commissioner Natalia Zequeira have announced a proposal to amend the International Financial Center Regulatory Act (Act 273-2012) and the International Banking Center Regulatory Act (Act 52-1989). These changes aim