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What is the State of Banking Innovation in 2017?

Bank Innovation

What is the state of banking innovation today? Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice banking, payments, and alternative credit scoring. This year, the pressure for banks to innovate is high, as banks no longer […].

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Bitcoin Daily: Rabobank Abandons Crypto Wallet Plans; Thai Bank Teases Ripple-Powered Blockchain Pilot

PYMNTS

“After careful consideration with our customers in mind, we recently decided that now is not the time to develop the idea further and bring it to the next phase of innovation,” a Rabobank spokesperson told The Next Web. Some users shared images on Twitter of a supposed Ripple-based app for cross-border transactions.

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Top 10 Crypto scams to look for in 2023

Abrigo

Crypto market a perfect environment for fraud. There are several reasons why cryptocurrency markets allow fraud to flourish: There is no bank or centralized authority to flag suspicious transactions and attempt to stop fraud before it happens, as there is with fiat currency. Growing popularity.

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Bitcoin (And Other Crypto) Use Cases Fizzle, Bit By Bit?

PYMNTS

Much hype and hope surrounds the adoption of cryptocurrencies — bitcoin among them as the marquee name in the space, of course — beyond the Wild West of speculative trading that exists now. Favor has met with disfavor, and bitcoin now trades at $3,990 — a bit above nadirs around $3,400 and well off highs that neared $20,000.

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And The Payments And Commerce Innovation Winners Are…

PYMNTS

And, as America found out what actually happens when the wrong name gets read on stage, PwC found out what happens when Twitter decides to rename your firm — as our CEO (and former PwC employee) Karen Webster told those assembled at the Innovation Project’s annual awards dinner last night. And the winners are… Best POS Innovation.

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Blockchain Begins Earning Some Bitcoin-Like Skepticism

PYMNTS

For years, throughout the volatility of cryptocurrency values, some industry experts have assured investors and innovators that blockchain is the disruptor in which the market should place its faith. Bitcoin and blockchain creator Satoshi Nakamoto developed these tools nearly a decade ago, he said. Broader Doubts Emerge.

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Libra Association Pursues FINMA Payment License

PYMNTS

The Libra Association is petitioning the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned Libra cryptocurrency, Reuters reported on Wednesday (Sept. The social media giant wants to move forward and launch Libra in June despite global questioning and hesitation.

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