Blockchain Technology Not Suitable for Visa’s Core Business
Bank Innovation
MAY 17, 2018
Visa doesn’t see much use for blockchain in its core business, which is transactions at scale, according to CEO Alfred Kelly.
Blockchain Tracker: How Blockchain Technology Could Impact Voting in U.S. Elections
PYMNTS
APRIL 7, 2017
There is a technology that’s currently being used by the financial industry — which is starting to gain some commercial success thanks to IBM — that has the likelihood to be a solution for the overall voting process in America to help alleviate any concerns: blockchain technology. that are taking steps in that direction.
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Fidelity Aims To Be Leader In AI, Blockchain, Machine Learning
PYMNTS
SEPTEMBER 30, 2018
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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Blockchain Patent Wars Heating Up Among Big Banks
PYMNTS
DECEMBER 29, 2016
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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True Tickets, Shubert Partner To Trial Blockchain Broadway Ticketing
PYMNTS
OCTOBER 16, 2019
Boston startup True Tickets is teaming up with the Broadway theater company The Shubert Organization for blockchain-based mobile ticket delivery , the companies said in a press release Wednesday (Oct. We see True Tickets as a leader in the space and are excited to put their technology to the test on Broadway.”.
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True Tickets Partners With Shubert To Trial Blockchain Broadway Ticketing
PYMNTS
OCTOBER 16, 2019
Boston startup True Tickets is teaming up with the Broadway theater company The Shubert Organization for blockchain-based mobile ticket delivery , the companies said in a press release Wednesday (Oct. We see True Tickets as a leader in the space and are excited to put their technology to the test on Broadway.”.
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Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars
PYMNTS
AUGUST 21, 2020
And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there. Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.
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Amid Blockchain And Robotics Hype, Corporate Lenders Still Start With The Cloud
PYMNTS
APRIL 2, 2018
Josh Glover, EVP of the Americas at banking technology provider nCino, said that when it comes to corporate banking and lending, the end-user experience is just as much of a focus for traditional banks engaging in digital transformation as it is in the consumer banking market. According to Glover, that means banks in the U.S.
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Crypto 2020: One Step Up; Two Steps Back
PYMNTS
DECEMBER 24, 2020
Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . But as with any nascent payments technology, the bad guys are always lurking – especially with cryptos, where anonymity is prized.
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Congratulations to All Celent Model Bank 2017 Award Winners!
Celent Banking
APRIL 7, 2017
Many of us at Celent just came back from a busy and exciting week in Boston. The rain and clouds couldn't obscure spectacular views from the State Room overlooking the Boston harbour. Emerging Technology for Consumers. Emerging Technology for Businesses. Alior Bank S.A., Banco Original, Brazil. Bank of America, USA.
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189 Coming Full Circle: Boston Startup Brings Social Payments to U.K.
Payments Source
APRIL 21, 2016
where Circle hopes a collaboration with Barclays and a dash of blockchain will interest consumers in sending payments the same way the send tweets and texts. A relatively new concept in the U.S., social payments are even newer in the U.K.,
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Emerging Innovation in Banking
Celent Banking
MARCH 28, 2017
Over the past few weeks we have been previewing various content themes we will be discussing at our Insight and Innovation Day in Boston on April 4th. Blockchain: given how many banks have started exploring blockchain and other distributed ledger technologies, we were hoping to see some nominations describing their efforts in this space.
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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)
PYMNTS
SEPTEMBER 17, 2020
But: The bank is keeping an eye on the experiences and progress of other nations, and still is researching its own technological and “policy implications” of wholesale forms of CBDC. In at least some nod to the technicalities, back in January, the central bank envisioned that the digital currency might be issued via blockchain platform.
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SEC Charges Two Firms With ICO Violations
PYMNTS
NOVEMBER 18, 2018
According to the Securities and Exchange Commission (SEC) press release issued on November 16, the two technology companies agreed to register their digital token offerings as securities and to pay back investors.
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Model Bank 2017: Some First Impressions
Celent Banking
JANUARY 20, 2017
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.
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Little Farm Boxes Take A Bite Out Of Big Agra
PYMNTS
FEBRUARY 5, 2018
There are all sorts of technology-driven solutions cropping up in response to this demand. For instance, there are startups using blockchain, the distributed ledger technology behind cryptocurrencies like bitcoin, for supply chain tracking and transparency.
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Introducing Celent Model Bank 2017 Awards
Celent Banking
JANUARY 23, 2017
Process Automation – for the most effective deployment of technology to automate business processes or decision-making. Emerging Technology for Consumers – for creative deployment of emerging technologies for consumers (e.g. AI, ML, API, biometrics, wearables, voice, blockchain, etc.).
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Blockchain’s Wall Street Test And Satoshi Has A Birthday
PYMNTS
APRIL 8, 2016
Bitcoin plus blockchain plus banks still seems like an unlikely combination, despite news that JPMC and Citigroup have completed their tests about using it in support of credit default swaps. Blockchain advocates describe its ability to magically move money, trades and contracts faster — in ways that cut out the middleman.
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Navigating The Increasingly Murky Waters Of Trade Finance
PYMNTS
JANUARY 13, 2020
She pointed to 2019 research from the Boston Consulting Group, which predicted that global trading on open accounts will make up as much as 60 percent of trade finance revenues — up from the current 45 percent — by 2027. . “We’re talking about $1.5
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Celent Model Bank 2017 Awards: The Payments Preview
Celent Banking
MARCH 14, 2017
Until we announce all winners publicly on April 4 at our 2017 Innovation & Insight Day in Boston, we’re unable to say too much more – very frustrating! As a result, we had a number of entries submitted jointly by multiple FIs describing their initiatives on blockchain, P2P infrastructures, and other collaborative efforts.
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100 And The Payments And Commerce Innovation Winners Are…
PYMNTS
MARCH 17, 2017
Otherwise there would have been a rash of spontaneous hangings because swift, sweet death would be a far more welcome alternative to a blockchain conversation.”. On the other hand — having attended many in-depth blockchain conversations — well, it’s not the worst idea in the world, either. Developing those technologies of the future.
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Niche B2B Startups Surprise With High-Value Funding
PYMNTS
SEPTEMBER 9, 2016
Data from Tracxn Technologies released this week found less than half the volume of venture capital going to B2B startups in between January and August of this year compared to the same period the year before. “Our platform puts more eyes on the job to match orders with invoices. million in seed funding, announced on Thursday (Sept.
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Who needs a financial centre?
Chris Skinner
FEBRUARY 8, 2017
In September 2016, the last survey, some things had changed: London New York Singapore Hong Kong Tokyo San Francisco Boston Chicago Zurich Washington DC No Frankfurt. No China, although Hong Kong would be it.
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FinDEVr Live: Chain.com Partners with Financial Institutions to Apply to the Blockchain
Fintech Labs Insights
OCTOBER 7, 2015
Chain.com is the leading provider of blockchain solutions to financial institutions. “ The Blockchain Is Eating Financial Services: Money is a special type of information, so it is no wonder that a new type of database would transform how it moves around the world. . How the blockchain is being applied in financial markets.
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Second Day, Second Wind On Innovation Debates
PYMNTS
MARCH 17, 2017
With blizzard Stella faded like Blanche Dubois’ southern charm, Boston still had its winter chill. The money flow — between, say, the United States and Mexico, or as remittances evolve in newly (almost) cashless India — may be embracing technology, but interactions between banks, wires and processors are still required.
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103 Happy Birthday To PYMNTS
PYMNTS
OCTOBER 20, 2018
The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). No matter how good the technology you built is, payments is hard. When we started Square, the hardware, the servers, the technology was working in three weeks. Really hard.
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2021 GonzoBanker Awards
Gonzobanker
DECEMBER 17, 2021
Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships. Brandon Dewitt, MX co-founder and chief technology officer. Tom Sargent, CEO, First Technology Credit Union.
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148 Most Platforms Can’t Scale, Will Fail
PYMNTS
MARCH 14, 2016
Well, it is “an innovative new payment platform created to transform the payments industry by drastically altering the economics through Internet-based technology, generating significant consumer benefits.” Is it one those amazing blockchain things? The Next Big Fizzle: Blockchain Startups. Now, let’s drive back to payments.
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100 How Blockchain Tech Could Disrupt Real Estate
CB Insights
FEBRUARY 21, 2019
While historically a “pen and pencil” business, technology has begun to push the global real estate market into digitized approaches. Blockchains are becoming a key enabler of this digital transformation (in a similar way to how the emerging tech is disrupting other long-established industries like banking and insurance ).
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Fintech Fundings: 32 Companies Raise $210 Million Second Week of July
Fintech Labs Insights
AUGUST 8, 2016
The total value of deals this week was $206 million, with half ($100 million) going to Canadian blockchain technology provider Blockchain Intelligence. . Fintech deals by size from 9 July to 15 July, 2016: Blockchain Intelligence Group. Blockchain search & analytics. Alkami Technology. Alkami landed $3.7
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12 Bill Gates was spot on at SIBOS – there’s an identity problem
Tomorrow's Transactions
OCTOBER 9, 2014
This year it was in Boston and one of its notable features was a closing keynote by Bill Gates, focusing on the issue of financial inclusion. To discuss how any of the technologies discussed in this post can benefit your business, please contact Consult Hyperion. But back the point about identity.
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Fintech Fundings: 24 Companies Raise $560 Million Week Ending Jan 8
Fintech Labs Insights
JANUARY 13, 2016
million to advance its blockchain efforts. HQ: Boston, Massachusetts. Blockchain technology. Healthcare payment technology. Tags: Consumer, payments, P2P, bitcoin, blockchain, crypto-currency, mobile. And the number of deals was up 40% (24 compared to 17). Person-to-person student loan lender. Direct Match.
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Fintech Fundings: 29 Companies Raise $1.2 Billion Week Ending April 8
Fintech Labs Insights
APRIL 13, 2016
Messaging technology for financial institutions and others. HQ: Boston, Massechuesetts. Cambridge Blockchain. Enterprise blockchain applications. Financial trade automation technology. EMV and mobile payments technology . Total raised: Unknown. HQ: Hamburg, Germany. Source: Crunchbase. HQ: New York City.
Payment Rails Present Many Paths To B2B Payments Optimization
PYMNTS
MAY 12, 2020
The service is fully automated using the company’s proprietary blockchain platform, the company said, adding that the feature can help support businesses’ own supplier payments and cash flow management as a result of having quicker access to funds. Checks will be around for a while. In a statement, Kenneth C.
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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion
Fintech Labs Insights
OCTOBER 19, 2015
HQ: Boston, Massecheusetts. Real estate technology. Using the blockchain for managing records. Blockchain. Tags: Consumer, blockchain, crypto-currency, bitcoin. Total raised: $4.1 Source: Finovate. Real-time investment strategies. Latest round: $2.7 Total raised: $2.7 Source: FT Partners. Asset verification .
Killing The I-Bank: The Disruption Of Investment Banking
CB Insights
OCTOBER 26, 2020
At the same time, financial upstarts have built technologies that could eventually cut into the relationship-driven work that investment banks are used to doing. But there’s no question that the way these institutions function has shifted, pushed along especially by the financial crisis and technology trends. Table of contents.
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FinovateSpring 2016 Live Blog – Day 2
William Mills
MAY 11, 2016
Race Data brought bank client on stage who is thrilled with the product, he also states that the technology gives context to bank call center employees as well. ^KT. Katerina Frolovicheva (MD, Technologies Innovations). This certainly adds a lot of technological capacity to the community bank. Ijeoma (EJ) Onuosa (Founder).
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Beyond Bitcoin: Cryptocurrencies Flirt With Mainstream Commercial, Consumer Commerce
PYMNTS
NOVEMBER 4, 2020
Morgan said it established Onyx , a new business unit dedicated to blockchain and digital currencies. The Federal Reserve , as has been reported, and more specifically its Boston branch, has been working with the Massachusetts Institute of Technology to explore the tech and platforms needed for such digital coinage.
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208 B2B Startups Integrate Artificial Intelligence To Impress Investors
PYMNTS
APRIL 6, 2018
With more than $95 million in financing placed, startups across eProcurement, cybersecurity, logistics, alternative finance, blockchain and supply chain management secured support. Unsurprisingly, however, a blockchain company working to enhance B2B payments across borders beat out the competition with the largest funding round of the week.
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Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25
Fintech Labs Insights
MARCH 28, 2016
HQ: Boston, Massachusetts. Blockchain forensics tools. Payment technology for parking meters. Tags: SMB, security, authentication, bitcoin, contracts, legal, fraud, cryptocurrency, blockchain. Source: Crunchbase. Maxwell Health. Payroll & beneifts platform. Latest round: $22 million Series C. Total raised: $56.4
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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15
Fintech Labs Insights
JANUARY 18, 2016
Blockchain technology for securities. HQ: Boston, Massachusetts. Tags: Enterprise, investing, cyrpto-currency, blockchain. Source: Crunchbase. Latest round: $7 million. Total raised: $7 million. HQ: New York City. Source: Crunchbase. FinanceFox. Mobile insurance brokerage. Latest round: $5.5 Total raised: $5.5
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12 55 US Companies That Became Unicorns In 2018
CB Insights
MARCH 13, 2019
New York, Boston, Chicago, and Nashville, among other cities, all played host to newly minted unicorns last year. Select Investors: Camelot Venture Group, Align Technology, Kleiner Perkins Caufield & Byers, Spark Capital, Clayton Dubilier & Rice. Plaid Technologies. Valuation: $3.2B. Total Funding: $1.3B. Tempus Labs.
Fintech Favorites
Fintech Labs Insights
OCTOBER 2, 2016
Its BiSang Hackathon (“BiSang” is Korean for “Quantum Leap”) is devoted to global startups and developers, with the goal of helping JBFG discover potential collaborators to provide “innovative services and technologies to the financial and banking worlds.” Milestones.
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Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom
PYMNTS
DECEMBER 7, 2020
The issue is that, Facebook aside, many of these coins, which are in the process of being launched or even yet to be conceptualized, will be “minted” by a slew of smaller FinTech and non-bank companies (including those focused on blockchain ), with relatively limited resources to devote to hurdling regulatory challenges.
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