How quantum will change everything (including banking, money and security)
Chris Skinner
MARCH 21, 2018
I know that we deal with quite complicated things in financial technologies.
Bitcoin Daily: People’s Bank Of China To Certify Digital Payment Products; Korean Security Agency Supports Blockchain Projects With $9M Fund
PYMNTS
OCTOBER 30, 2019
The People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. His comments even caused a price boost of bitcoin and blockchain stocks to the point that the Chinese state media advised people to stay levelheaded.
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Thailand Govt Eyes Blockchain To Track Taxes
PYMNTS
NOVEMBER 14, 2018
To be certain of taxes, will blockchain seal the deal? Last week, Thailand’s Revenue Department was reported to be bringing blockchain projects into the fold to track tax payments, aided by machine learning. As might be expected, smart contracts are tied to those blockchain aims. Bread By Blockchain.
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Governments Sending Mixed Signals On Blockchain
PYMNTS
JANUARY 24, 2018
Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. securities bar.”. SEC Chairman Jay Clayton spoke Monday (Jan.
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Tencent Steps Into Blockchain Trade Finance Space In B2B Push
PYMNTS
NOVEMBER 5, 2018
Chinese conglomerate Tencent is the latest to step into the blockchain trade finance space via its FinTech unit Tencent Financial Technology, according to reports in China Daily on Friday (Nov.
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Blockchain Tracker: Governments Trust In Blockchain
PYMNTS
FEBRUARY 3, 2017
For government institutions, perhaps the answer lies in the ability to share information in a secure fashion between individuals and institutions. The research showed that by 2018, nine out of 10 organizations will invest in the use of blockchain technology for financial transaction, asset and contract management and regulatory compliance.
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Taiwan’s Central Bank Might Implement Blockchain
PYMNTS
FEBRUARY 28, 2018
Taiwan’s central bank is looking into implementing blockchain technology in order to improve its operations. Big Data and even artificial intelligence and other technologies [will] help our bank to predict and analyze economic and financial conditions more effectively.”. “Big
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Brazil’s Big Blockchain Bounce (And Other Digital Payments Advances)
PYMNTS
JUNE 27, 2019
The digital payments news out of Brazil has been fast and furious over the last few weeks – particularly when it comes to blockchain. The big story, however, has been blockchain, as entities public and private are hoping it might just be the digital magic bullet the entire ecosystem needs. The Blockchain Bonanza.
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US Government Sees The Benefits Of Blockchain
PYMNTS
SEPTEMBER 14, 2016
government seems to be accepting the positive impact that digital currencies and blockchain could have on legacy financial systems, according to Business Insider. House of Representatives, asking the government to establish a national policy for technology. A non-binding resolution was passed on Monday (Sept. 12) by the U.S.
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Cryptos, Blockchain Listed Among SEC Priorities In 2020
PYMNTS
JANUARY 8, 2020
8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. In addition, there will be examination of transfer agents (which help to settle transactions) that are developing blockchain technology.
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Former Google Exec Tries Blockchain Banking On For Size
PYMNTS
JULY 14, 2016
Reports on Wednesday (July 13) said Taylor has founded a company to provide financial institutions with a blockchain-based operating system. Dubbed Vault OS, the solution is geared towards banks that need to update their systems with secure technology, he said.
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Bitcoin Daily: Chinese Blockchain Co. Invests In Cannabis; Canada, Singapore See Positive Results In Cross-Border DLT Tests
PYMNTS
MAY 3, 2019
Only through continued collaboration and fundamental research will it be possible for this technology to mature and for policy-makers to fully understand its potential,” Scott Hendry, Bank of Canada senior special director of financial technology, said in a press release about Jasper-Ubin project3.
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Veem Grows Multi-Rail B2B Payment Capabilities
PYMNTS
DECEMBER 16, 2020
The company said that the advancements will better the method in which firms make and receive payments domestically and internationally, "following a successful year of growth for the financial technology firm," according to the announcement.
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Bitcoin Daily: Bank Of Canada Tests DLT; Crypto Startup Uphold Gets Into Loans
PYMNTS
OCTOBER 23, 2018
SBI President and CEO Yoshitaka Kitao said in the announcement that signatures based on MPC “offered our desired level of security, performance and scalability needed to manage transactions for our growing SBI Virtual Currencies customer base.”.
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Bitcoin Daily: Speedy Crypto Exchange Launched By Former Morgan Stanley Developers; Starling Bank Co-founder Joins Winklevoss’ Gemini Trust
PYMNTS
DECEMBER 4, 2019
So a public blockchain enables instant transfer of value.”. This is the latest hire for Gemini, which has brought on executives from the New York Stock Exchange (NYSE) and International Securities Exchange (ISE) over the past 18 months. Jack Tao, who left Morgan Stanley after 11 years, co-founded the company.
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The year in IBM FinTech
Insights on Business
DECEMBER 27, 2017
Banking on blockchain for increased trust”. You would be hard-pressed to find tech industry jargon spoken and written about as much as the secure ledger technology known as blockchain. While it is currently revolutionizing a number of industries , blockchain might as well be the word of the year in technology.
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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending
PYMNTS
JANUARY 7, 2019
Separately, the Securities and Exchange Board of India (SEBI) is in the midst of plans for a “sandbox” that will help boost FinTech efforts for capital markets, as reported by The Hindu. The news outlet quoted SEBI Chairman Ajay Tyagi late last month that blockchain may pose challenges for exchanges and financial firms.
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How Treasurers Can Prepare For A Real-Time Payments Ecosystem
PYMNTS
AUGUST 3, 2020
One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets.
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SPEZA To Accept China’s New Sovereign Digital Currency
PYMNTS
NOVEMBER 3, 2019
Huang Qifan, vice chairman of the China International Economic Exchange Center (CCIEE), revealed at the Bund Financial Summit 2019 in Shanghai that the People’s Bank of China will be launching a yuan-pegged Sovereign Digital Currency, likely becoming the first central bank in the world to launch a digital currency. “We
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101 German Finance Minister Speaks Out Against Stablecoins
PYMNTS
SEPTEMBER 18, 2019
Speaking about stablecoins, which are cryptocurrencies backed by more traditional financial products, like fiat currency, securities or gold, Scholz said, “We cannot accept a parallel currency. It also will discuss how to deal with potential problems and challenges that come from using digital financial technologies.
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Circle Rolls Out USD Digital Coin
PYMNTS
SEPTEMBER 26, 2018
dollars and use them on public blockchain on the internet. “Just as HTTPS, SMTP and SIP enabled free borderless information sharing and communications, crypto assets and blockchain technology will enable us to exchange value and transact with one another in a similar way: instantly, globally, securely and at low cost.”
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Top Funded FinTech Startups Founded in 2018
Let's Talk Payments
JUNE 7, 2019
We were looking at MEDICI startup database stats of new FinTech startups & their growth stories and came across many interesting cases of new players that secured good equity in order funding within one year of entering the market.
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Bitcoin Daily: Tether Beats Out Bitcoin In Trading Volume; EOS Receives $24M Fine From SEC
PYMNTS
OCTOBER 2, 2019
If there is no Tether, we lose a massive amount of daily volume — around $1 billion or more depending on the data source,” Lex Sokolin, global financial technology co-head at ConsenSys, said, according to Bloomberg. Companies that offer or sell securities to U.S. A number of U.S.
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Mastercard Adds More Startups To Its Accelerate Program
PYMNTS
AUGUST 12, 2020
Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. 12) announcement. The company said its efforts recognize “the important role FinTechs play in the world’s rapid digital transformation.”.
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SIFMA Fintech Conference 2018
Insights on Business
JUNE 18, 2018
Some important financial technologies are changing the way the world is doing business and that change is now reaching the securities industry. Another technology in discussion will be the ever prevailing blockchain technologies. IBM keynote. IBM sessions.
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Can Moscow Overcome A Tarnished Tech Reputation?
PYMNTS
NOVEMBER 11, 2016
Russia has ambitions to be a leader in the blockchain space and currently has 500,000 blockchain users. Blockchain On The Brain. Russia has ambitions to one day be considered a world leader in blockchain. The country has the largest online market in Europe, with an estimated 66 million Russians accessing the internet.
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Amex, Santander Explore FinTech Using API
PYMNTS
JULY 19, 2018
American Express has filed for a blockchain-based proof of payment technology, and Santander U.K. Traditional banks and other financial institutions are undergoing tremendous pressure right now to compete in an environment where they are faced with enormous scrutiny from government regulators looking to mitigate risk.
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Beyond Blockchain: A Seminar on the Possible Future
NCR
JUNE 1, 2016
That’s surely the simplest way to describe the Internet itself, of course, but does it also apply to blockchain as a whole and Bitcoin in particular? They are fully aware of both the potential and the pitfalls of blockchain operations, and they know the subtleties between what it is, what it could be, and what it might be.
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PYMNTS
MAY 26, 2017
According to a report in Reuters , Daisuke Yamada, Mizuho’s chief digital innovation officer, said in an interview the company already has around 20 projects in the pipeline to launch the venture with some using blockchain technology and others focused on artificial intelligence in areas including farming and travel.
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The Future Of Payments Beyond The Pandemic
PYMNTS
JUNE 1, 2020
In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. Cross-Border Friction — And Bitcoins And Blockchain.
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172 Promontory Financial Group CEO on the future of RegTech
Insights on Business
MARCH 12, 2018
Gene Ludwig, the CEO and founder of Promontory Financial Group , recently sat down with Bloomberg Law in a wide-ranging interview to discuss his predictions for the future of RegTech, blockchain, and where he sees the markets going in the next three to five years.
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79 FinTech Collaborations and Frameworks Gain Steam in Asia
PYMNTS
AUGUST 28, 2019
As the site reported, the plan states that stronger FinTech risk controls should be in place, and adds that FinTech can help improve the quality of financial services through the country.
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Companies ‘Pivoting To Blockchain’ See Huge Stock Spikes — But Does The Hype Hold Up?
CB Insights
MARCH 27, 2018
When it comes to blockchain technology, there’s a lot of hype. Now some public companies are pivoting away from their core products — be that cameras, diagnostic machinery, or even iced tea — to adopt new blockchain strategies. Live briefing: BLOCKCHAIN TRENDS IN 2018.
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Don’t miss these IBM sessions at Money20/20
Insights on Business
OCTOBER 16, 2018
The IBM team will present on a variety of topics ranging from AI to the future of payments to the current trends in financial services. Carmelle Cadet, IBM Blockchain Payments Business Development Manager. Maura K Schoonmaker, IBM Program Director, System z Banking and Financial Markets. Digital trust in financial services.
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117 Wyoming creates fintech sandbox
CFPB Monitor
JUNE 5, 2019
Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). Arizona was the first state to create a fintech sandbox and we will soon be publishing a blog post about Utah’s new fintech sandbox.)
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60 SEC to hold fintech innovation public forum
CFPB Monitor
SEPTEMBER 29, 2016
The Securities and Exchange Commission has announced that it will host a public forum in Washington, D.C. on November 14, 2016 to discuss financial technology innovation in the financial services industry. The forum will be open to the public and webcast live on the SEC’s website.
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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. . Investors, we noted, watch other investors and may bid prices higher — in expectations that prices will go, well, higher. Dollars Done Digitally.
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Ballard Spahr creates cross-disciplinary fintech team
CFPB Monitor
JULY 17, 2019
Our Banking and Financial Services and Retail industry groups add further depth and specialized knowledge.
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FinTechs Find VC Favor Amid Collaborative Efforts
PYMNTS
AUGUST 7, 2018
The firm noted in its release that the API is a synchronous exchange of messages over a secure connection that can let those disparate payment systems transact digital fiat currency. That combined effort will explore joint product development and sales opportunities for its corporate blockchain solutions.
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101 Counterparty payments in seconds is an easy sell
Chris Skinner
MARCH 2, 2017
The background to this was announced in a press release on 1st February 2017: Ripple’s Distributed Financial Technology fits within NBAD’s existing infrastructure and offers a secure end-to-end payment flow providing transaction immutability and payment integrity.
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150 Evolution through digital reinvention in banking
Insights on Business
JUNE 14, 2018
Digital reinvention employs multiple technologies and approaches including cloud, blockchain, mobile, the Internet of Things (IoT), AI, automation, DevOps, Agile and Lean, but at the same time isn’t tied to any particular technology, and instead uses multiple supporting technologies.
Small Firms Demand Higher Speed, Lower Costs In Global Payments
PYMNTS
MAY 3, 2019
Small businesses (SMBs) are rarely early adopters of new financial technology (FinTech). Indeed, FinTech and alternative financial service providers have stepped in to try to combat those points of friction, wielding technologies like blockchain and IBAN solutions to find ways around the friction of correspondent banking.
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Canadian Fintech Market Map
CB Insights
NOVEMBER 21, 2019
Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. For instance, Bench Accounting (disclosed equity funding of US $44.22M) syncs with a company’s books and employs professional bookkeepers to provides tax-ready financial statements.
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Bridging the Digital Divide Between Banking Innovators and Those Stuck in Legacy Mode
NCR
FEBRUARY 22, 2016
Banking institutions and financial technology startups are putting their differences aside and working to find common ground. The chasm that has traditionally existed between the two is due primarily to their divergent approaches in providing financial services. Security and Compliance. Document management.
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