For Blockchain Adoption, FIs Have to Solve Compliance First
Bank Innovation
MAY 26, 2017
The next big thing in financial services won’t make it very far off the ground if FIs don’t innovate with an eye towards compliance.
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Bank Innovation
MAY 26, 2017
The next big thing in financial services won’t make it very far off the ground if FIs don’t innovate with an eye towards compliance.
Bank Innovation
FEBRUARY 15, 2018
EXCLUSIVE- Global technology company IBM is involved in more than 400 blockchain projects, according to its vice president of blockchain technologies, Gennaro “Jerry” Cuomo, who testified before Congress yesterday.
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Insights on Business
JULY 26, 2018
IBM RegTech Innovations. One of the best things about working at IBM—and in the RegTech field in particular—is meeting daily with the engineers and developers who are driving technological innovation in the financial industry. Consider, for example, the blockchain space. IBM driving innovation.
Bank Innovation
NOVEMBER 16, 2018
Innovation is expensive. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But […].
Bank Innovation
NOVEMBER 16, 2018
Innovation is expensive. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But […].
Perficient
FEBRUARY 22, 2023
The Summit brings together experts in the field, including bank executives, technology vendors, and consultants, to discuss the latest advancements in automation and its impact on the banking industry. Perficient will also bring insight surrounding the banking industry’s growing use of blockchain to the Summit.
Bank Innovation
APRIL 27, 2018
EXCLUSIVE - Technology services provider Synechron launched a regtech program focused on helping its financial services clients on regulatory compliance issues. Although it is called an accelerator, the model of the program is based on Synechron's blockchain project (also called an […].
Bank Innovation
MARCH 29, 2018
Blockchain technology has been talked about in banking for so long that readers here can be excused for being a bit jaded on the subject. The technology has been touted as solving just about every problem bankers face, but as Adam Ludwin, CEO of Chain, told us in San Francisco at Bank Innovation 2018 earlier.Read More.
PYMNTS
NOVEMBER 19, 2020
This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. Plus, blockchain makes new inroads in the B2B arena. TOMIA and Clear Embrace Blockchain for Telecom B2B Payments. Canada Taps Vocalink for Real-Time Rail.
Bank Innovation
APRIL 7, 2017
Blockchain Capital, the first venture capital firm to focus exclusively on DLT technology is offering digital tokens that represent a stake in the firm’s third fund. The tokens are held on the Ethereum blockchain […].
PYMNTS
JANUARY 18, 2019
“The most advanced technology is [electronic data interchange (EDI)].” The technology first emerged in the 1970s. ” The reliance of B2B eCommerce on EDI technology demonstrates the importance of digital data in the sector. . Betting On Blockchain.
PYMNTS
SEPTEMBER 14, 2020
As for why it's using the unusual procurement method, the agency wrote in today's release: "The federal government struggles at times with identifying ways to test, purchase and deploy innovative technology solutions. The controls concerned vehicles already on the market and, as such, the entire compliance process needs to adjust now.
CFPB Monitor
MAY 31, 2022
On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.
Bank Innovation
JUNE 27, 2018
Blockchain‘s future in banking is bright, but right now, the industry is not prepared to take advantage of what the technology offers, according to a new McKinsey report on blockchain’s viability across various industries.
Insights on Business
OCTOBER 3, 2018
IBM RegTech Innovations. Advances in artificial intelligence (AI), blockchain, and cybersecurity are poised to transform the financial services industries. New hybrid cloud platforms will offer unprecedented scalability, agility, and security, optimized for enterprise AI and blockchain. Pay close attention to cybersecurity.
PYMNTS
OCTOBER 17, 2018
Blockchain company DMG Blockchain Solutions is rolling out a new supply chain management solution designed for the legal cannabis market. “The emerging cannabis industry demands product management solutions and blockchain is the most logical choice,” said DMG CEO Dan Reitzik in a statement.
PYMNTS
MARCH 17, 2017
Blockchain technology has the potential to impact nearly every industry involving money. One area in which we’ve seen innovation break through recently may come as a surprise: insurance. PYMNTS: What are the benefits of implementing blockchain technology, and how is it impacting the insurance industry?
Bank Innovation
NOVEMBER 11, 2016
Blockchain is at a bit of a critical point, because it’s running up against the one universal enemy all new technologies have to face eventually: reality. In reality, how will banks use the blockchain? “To To do the real thing, it takes time, effort and expertise,” says Alex Wolff, head of Read More.
Perficient
APRIL 20, 2023
However, it’s not always obvious which of the many potential technology vendors and implementation partners will best drive an organization’s desired business goals. However, it’s not always obvious which of the many potential technology vendors and implementation partners will best drive an organization’s desired business goals.
Bank Innovation
FEBRUARY 18, 2016
Bank Innovation is pleased to welcome Marley Gray, Microsoft’s director of technology strategy for blockchain and financial services, to our speaker faculty. Gray will discuss corporate banking and blockchains on March 1 in Seattle with JP Jolly of Citigroup and Deva Annamalai of Fiserv.
PYMNTS
SEPTEMBER 6, 2017
Although many people equate blockchain technology with the banking and computer worlds, the technology is changing the food landscape as well. Companies like Walmart, Kroger and Nestle recently joined a partnership effort involving blockchain, signaling that the Internet of Things is making its way into Americans’ kitchens.
PYMNTS
DECEMBER 19, 2018
Blockchain has been steadily making inroads in the B2B realm as a way to help boost supply chain transparency and efficiencies. To that end, in South Korea, a number of government ministries are looking into blockchain, eyeing the potential boost distributed ledger technology can give to marine logistics.
PYMNTS
NOVEMBER 10, 2020
It is the rule of thumb, when it comes to secular change, that very few innovations come along to rapidly change the state of payments themselves. But in the decade since bitcoin’s debut, technologies have evolved in the payments ecosystem that are helping set the stage for cryptos to become more widely adopted.
PYMNTS
MARCH 11, 2019
CULedger , a credit union, has inked a partnership with IBM to create blockchain services geared toward credit unions. According to a report in Fintech Futures , the idea behind the project is to use permission-based blockchain technology so credit unions can reach more members that don’t have access to financial services.
Bank Innovation
MAY 1, 2019
Canada is making a big leap in modernizing identity verification, tapping blockchain technology to let consumers digitally prove who they are to securely access banking and other personal services. SecureKey Technologies Inc.’s s Verified.Me
Bank Innovation
NOVEMBER 28, 2016
Adam Carson, managing director, global technology strategy & partnerships at JPMorgan Chase & Co., will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., will feature dozens of speakers on investing in innovation, chatbots, blockchain and more.
PYMNTS
JULY 2, 2018
Financial Reporting Council’s Financial Reporting Lab has released a new report on the potential applications of blockchain in the corporate accounting space. According to reports, the group is taking a cautious approach to the technology.
PYMNTS
MARCH 14, 2018
.” Oliver was discussing cryptocurrencies and blockchain on his show, highlighting the massive potential the world of FinTech has touted for the last year or so. This balance of optimism and realism is taking over the blockchain space as of late. But the segment also warned to temper the hype with healthy skepticism.
PYMNTS
JANUARY 29, 2020
Swiss company Overfuture has been approved to incorporate for an initial public offering (IPO) that offers tokenized shares on a blockchain, according to a report Wednesday (Jan. The prospectus said that the company is offering 8,399,000 “common equity share security tokens” on the ethereum blockchain. 29) by Coindesk.
PYMNTS
FEBRUARY 14, 2018
Spending on blockchain technologies will ramp up to $9.2 Its latest Worldwide Semiannual Blockchain Spending Guide also calculated a compounded annual growth rate (CAGR) of blockchain spend of 81.2 As a leader in blockchain innovation and integration, the U.S. Microsoft IDs Its Next Blockchain Use Case.
Insights on Business
DECEMBER 7, 2017
In a landscape where new technology arises, gets implemented and goes mainstream in a heartbeat, I wanted to cover five of the most impactful trends currently impacting the FinTech industry today: 1. Blockchain. Technology is gauging our emotional state based on our interactions with our devices. Human Digital Interfaces.
PYMNTS
MARCH 10, 2017
Blockchain technology is often used as the go-to source to enable faster and safer transactions, especially for smaller players in the retail market. With the advent and implementation of utilizing blockchain technology, funds can be verified in real-time to help avoid this issue.
PYMNTS
JANUARY 15, 2018
It was only (relatively) recently that B2B payments finally secured significant attention and investment from innovators. Just as Grewal highlighted, the issue of continued reliance on paper and manual processes is driving Finexio’s entrance in the market, with the use of APIs and sophisticated technologies as part of the effort.
Bank Innovation
APRIL 30, 2018
EXCLUSIVE— As open banking sweeps through Europe with the launch of PSD2, GDPR, and other regulations focused on transparency, North American financial institutions might want to consider looking to blockchain or artificial intelligence for their own compliance challenges.
Bank Innovation
FEBRUARY 11, 2019
BNY Mellon is on the hunt for fintech partnerships related to popular technologies like blockchain, data analytics, and AI, but also those related to more obscure technologies like natural language generation, Lucien Foster, head of digital partnerships at BNY, told Bank Innovation. “We
Insights on Business
FEBRUARY 21, 2019
Digitally transforming operations, operating models and technologies to compete in a changing industry structure. Optimizing risk, compliance and security. IBM has helped many regional and global organizations along this path with everything from migrating existing workloads to forward-looking projects such as blockchain and AI.
PYMNTS
OCTOBER 13, 2016
Regulation and compliance can be a tough space for many to wrap their heads around. As technology advances, the threat to digital security and identity protection becomes greater, forcing regulations to quickly adapt. Compliance Decoded. Why Compliance Is Going Social.
Perficient
JUNE 24, 2023
In today’s digital landscape, having a solid digital strategy and embracing cutting-edge technology are key factors for business success. However, many enterprise organizations face challenges when it comes to coordinating the rollout of new marketing technology products and achieving scalable growth.
PYMNTS
NOVEMBER 23, 2020
Blockchain and a bank charter might do much to boost financial inclusion. While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments.
PYMNTS
SEPTEMBER 24, 2020
When it comes to payment rails innovation, financial service providers can either improve upon existing infrastructure, or build entirely new rails altogether. This week's look at the latest innovation initiatives finds a big push for the latter. SatoshiPay Debuts Blockchain Payments Platform. BELLIN Secures SWIFT gpi Label.
Payments Source
MARCH 31, 2016
By reordering and automating complex, labor-intensive processes, blockchain technology can enable organizations of all sizes to operate faster and more efficiently. As a result, blockchain is opening entirely new possibilities for product and service innovation.
CB Insights
OCTOBER 29, 2020
This massive market, which includes a broad range of financial “plumbing” services, could be poised for a blockchain shake-up. Currently, complex processes are needed to ensure regulatory compliance and enable secure, trustworthy trades. Fill in your details here to get more information. First name. Company Name. Phone number.
PYMNTS
JUNE 27, 2017
As mobile devices continue to be a pervasive force in the technology arena, so does the need for forward thinkers in the field. He also offers advice for how to innovate in the field. Here is an excerpt of the conversation: PYMNTS: How would you define your company’s approach to innovation? How could we make this better?”.
PYMNTS
JANUARY 19, 2017
This year could be the year that blockchain emerges from its current status as a largely hypothetical game-changer to one that’s put to the test. While few working applications of blockchain technology are in use today by financial service providers, the industry continues to place its confidence — and money — behind the technology.
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