In the financial ecosystem, various entities work in harmony to keep the flow of money, investments, and transactions running smoothly. One such crucial entity is the "Bank Holding Company" (BHC). Though the term might seem intimidating to
For international banks licensed in Puerto Rico and other foreign jurisdictions, establishing a branch in Florida can provide an opportunity to tap into the growing financial markets of the state. However, there is a specific procedure and
In this post, I’ll review the timeline to acquire and build out a bank in Puerto Rico. The purpose of this post is to cover the steps to turn a small international bank into a profitable larger
In this 10 page post I‘ll discuss the best offshore bank license jurisdictions for 2023 and beyond. There have been big time changes to the industry in the last few years. I think you’ll be surprised at
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
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
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 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
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
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