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Blockchain Technology Not Suitable for Visa’s Core Business

Bank Innovation

Visa doesn’t see much use for blockchain in its core business, which is transactions at scale, according to CEO Alfred Kelly.

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Blockchain Patent Wars Heating Up Among Big Banks

PYMNTS

Some of the largest banks already involved in blockchain development are now in a race to snatch up patents from the technology, reports said. The Boston Globe reported Wednesday (Dec. 28) that Bank of America and Goldman Sachs are just two of the top banks to begin pursuing the acquisition of blockchain patents.

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Fidelity Aims To Be Leader In AI, Blockchain, Machine Learning

PYMNTS

Fidelity Investments , the Boston-based fund company, is becoming a leader in blockchain technology, investing billions of dollars on that and other cutting-edge technologies. According to a report in CNBC citing Fidelity, billions of dollars are going toward Fidelity blockchain, Fidelity AI and Fidelity VR.

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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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Second Day, Second Wind On Innovation Debates

PYMNTS

With blizzard Stella faded like Blanche Dubois’ southern charm, Boston still had its winter chill. But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. What would a discussion about payments, innovation, cybersecurity and all manner of commerce be without a few laughs?

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In Cryptoland, Jobs Disappear As Speculators Flee

PYMNTS

The WSJ noted that Steemit, which offers a blockchain -based social network, has laid off 70 percent of its staff and has pointed to the selloff in digital currencies as a culprit. Similarly, the blockchain venture firm ConsenSys has announced that it will lay off 13 percent of its own roster. The anecdotes abound.

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Model Bank 2017: Some First Impressions

Celent Banking

Ongoing innovation in banking technology is clearly beginning to pay off, and we’ve been privileged to learn an immense amount from all of the financial institutions that took the time to tell us about their how they’ve been using technology and innovation to serve customers better, become more efficient, and mitigate risk.