Utah news and trends

Turkish Authorities Search For Suspect In US Tax Fraud Scheme
Security & Fraud // December 29, 2020

Turkish prosecutors have issued a detention warrant for Turkish businessman Sezgin Baran Korkmaz, who has ties to Utah business executives who recently pleaded guilty to a $511 million tax credit scheme in the U.S., the Associated Press (AP) reported. According to Anadolu Agency, Turkey’s state-run...

Road Tech That Can Alert Drivers To Hazards, Congestion In Testing
Internet of Things // July 19, 2020

Utah officials estimate that new vehicle-to-everything, or V2X, technology could reduce the severity of traffic crashes by 80 percent, the Wall Street Journal (WSJ) reports. Motor vehicle crashes claimed the lives of around 36,120 people in 2019, WSJ reported, and the V2X technology has been...

FDIC Approves Square For Banking License
Banking // March 19, 2020

The Federal Deposit Insurance Corporation (FDIC) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). Square Financial Services will originate commercial loans to the retailers that...

The Explanations Edition: Equifax, Apple and Square
Data Dive // September 11, 2017

All eyes were on the sky last week, as most of the Southeastern United States braced for Hurricane Irma. And, as post-Harvey rebuilding assessments are ongoing in Houston, our thoughts and prayers are with everyone, especially the rescue workers and first responders who are now tending to the situation...

Quick Reads
Square’s Utah Bank Now Open For Business

March 01, 2021
Square is now operating its state-chartered industrial bank, Square Financial Services, in Utah after the state’s Department of Financial Institutions gave it the green light, according to a press release emailed to PYMNTS. Square submitted its application back in September 2017. From there, it was amended in December 2018 and finally approved as of March […]

Turkish Authorities Search For Suspect In US Tax Fraud Scheme

December 29, 2020
Turkish prosecutors have issued a detention warrant for Turkish businessman Sezgin Baran Korkmaz, who has ties to Utah business executives who recently pleaded guilty to a $511 million tax credit...

Road Tech That Can Alert Drivers To Hazards, Congestion In Testing

July 19, 2020
Utah officials estimate that new vehicle-to-everything, or V2X, technology could reduce the severity of traffic crashes by 80 percent, the Wall Street Journal (WSJ) reports. Motor vehicle crashes claimed the...

FDIC Approves Square For Banking License

March 19, 2020
The Federal Deposit Insurance Corporation (FDIC) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said...