Bank Innovation

APRIL 24, 2017

The rise of insurtech is running parallel to the rise of regtech, as financial firms and startups apply artificial intelligence, blockchain, and other technologies to the dizzying world of financial regulation.

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PYMNTS

MAY 16, 2020

patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. 100 for User A in America, 200 pesos for User B in Mexico and so forth) in order to perform transactions in a secure, fast and reliable way.”.

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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 “.

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PYMNTS

SEPTEMBER 20, 2018

The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to data released this year by PricewaterhouseCoopers (PwC).

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blockchain Innovation Tools Survey 188

PYMNTS

MARCH 1, 2018

Banking and financial services firm HSBC says its blockchain-based trade finance solution is ready to launch — in pilot phase, at least. We’re much more comfortable with its security and scalability.”. According to Wednesday (Feb. According to Wednesday (Feb. The technology has come a long way.

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PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. said that national policy might not be enough in terms of crypto regulation. . “We

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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.

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PYMNTS

FEBRUARY 6, 2019

That reality, of course, places a premium on the accuracy of that data, as well as efficient access to it and the secure storage of all that deeply personal information. That leads us to the latest discussion about the potential role that blockchain can play in healthcare data. Healthcare Friction. So have biometrics.

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PYMNTS

NOVEMBER 10, 2020

Phixius provides interoperability between various participants connecting to the platform, enabling better security in moving data as opposed to storing it in a central repository like the cloud. According to Throckmorton, Phixius fixes issues with the old system by using congruent regulations and leveraging blockchain technology.

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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.

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PYMNTS

DECEMBER 20, 2017

As more businesses join collaborative groups and invest in internal research and development (R&D) to explore using blockchain for new services, some firms have begun to use the technology themselves. Mutual fund conglomerate Vanguard is reportedly readying to implement blockchain into its own processes early next year.

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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.

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PYMNTS

OCTOBER 18, 2019

Samsung SDS will reportedly launch a blockchain-based medical claims processing system this month. We know that embracing new technology is necessary for the future growth of our economy, and so, in Bermuda, we are making sure that we are leading the world in facilitating innovation.

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PYMNTS

JUNE 20, 2018

The skeptics are flocking out of the shadows to warn investors and innovators that blockchain may not be the catch-all solution and market-changing disruptor it promises to be. The latest vocal proponent of blockchain for the enterprise is Sergio Ermotti, CEO of UBS Group. “You need also to be able to price it correctly.”

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PYMNTS

JUNE 30, 2017

The blockchain has a bit of an identity crisis. And while it might be tempting to poke fun at those confident, if somewhat confused, CFOs, Adam Ludwin, co-founder & CEO at Chain , told Karen Webster that, actually, they are pretty much in the same boat as everyone else when it comes to the blockchain. “No Here’s a little proof.

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PYMNTS

SEPTEMBER 17, 2020

There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it. Department of Homeland Security is running a contest for the development of a digital wallet, CoinDesk reported. On another note, the Science and Technology Directorate ( S&T ) arm of the U.S.

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PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. 1 have just taken effect. 1 have just taken effect.

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PYMNTS

JANUARY 29, 2018

That includes cross-border payments , he said, which have been the recent target of FinTech innovation, and which are headed for more disruption to come. “Virtual cards also offer a very secure and time-efficient way of making payments.

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PYMNTS

JANUARY 13, 2017

Payment solutions powered by blockchain technology are showing promise in getting payment delivered across borders at a much faster rate. But with so many unknown questions about how the technology functions, greater regulation may be required to help governments and the public trust and accept it. Regulation required.

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PYMNTS

JULY 24, 2019

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. Security researchers Noam Rotem and Ran Locar discovered the database and reported their findings to TechCrunch. Lacewell said in a press release.

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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. The resolution implies that bitcoin and blockchain technology are ways to help the unbanked and empower the consumer. A non-binding resolution was passed on Monday (Sept.

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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. I would like to finish this series of posts by looking at the new Model Bank category we introduced this year – Emerging Innovation.

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PYMNTS

SEPTEMBER 14, 2017

Love or hate blockchain, there’s no denying that digital currencies have grown in popularity, and there is certainly a market for cryptocurrency acceptance at physical retail points of sale (POS). So far, said Lee, only the tech-minded are interested in blockchain adoption; it’s still too complex to be embraced by the average person.

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PYMNTS

AUGUST 2, 2019

Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. The regulation applies to individuals, companies and brokerages, and includes crypto-related activities such as buying and selling, donations, barters, deposits, withdrawals and more.

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blockchain Fraud Data Report 148

Insights on Business

MAY 23, 2019

Customer data drives innovations like artificial intelligence and blockchain solutions. But for companies that don’t master privacy and security, data can be toxic. Stricter regulations are changing the compliance landscape. The time to examine your approach to data privacy and security is now.

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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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PYMNTS

MARCH 10, 2017

Naturally, with ease of market entry into various parts of the world economy also comes security concerns. Blockchain technology is often used as the go-to source to enable faster and safer transactions, especially for smaller players in the retail market. and China alone was approximately $660 billion.

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PYMNTS

JANUARY 5, 2017

As more banks, industries, companies and even retail brands take on and use blockchain technology in their business, there are the enhanced and innate elements of efficiency and security. “A But blockchain has also become a tracking mechanism, more so a cost-cutting measure for a variety of reasons. billion for a typical lender.

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PYMNTS

JANUARY 31, 2018

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.

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PYMNTS

FEBRUARY 26, 2019

In other news, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has partnered with the Swinburne University of Technology in Melbourne for a blockchain trial to see how the technology could automate the reporting of cross-border transactions. A new world of tokenized assets and blockchain is coming.

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PYMNTS

MARCH 25, 2020

As commercial card innovation expands, service providers continue to target particular pain points for their business cardholders. Payhawk is able to operate in unison with businesses’ existing bank accounts, however, thanks to Europe’s PSD2 and open banking regulations. ”

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CB Insights

OCTOBER 29, 2020

Capital markets infrastructure powers the trade of stocks, bonds, and other securities, handling $3000T+ in transactions each year. This massive market, which includes a broad range of financial “plumbing” services, could be poised for a blockchain shake-up. Submit your application here before November 25. Please click to enlarge.

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PYMNTS

SEPTEMBER 28, 2016

showed that America’s capitol has increased interest in blockchain — through the formation of a caucus and an incubator. The blockchain has boundless potential. It’s vital for Americans, businesses and members of Congress to learn about blockchain technology so the U.S. Jared Polis in a statement. “It’s

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PYMNTS

JUNE 18, 2020

This raises the necessity of increased regulation of digital money,” he said, per the outlet. In other news, blockchain firm Binance has become a member of the Internet and Mobile Association of India’s (IAMAI) crypto-asset exchange committee, according to an announcement.

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Insights on Business

FEBRUARY 22, 2017

So when Northern Trust (NT) was looking for an innovative way to modernize private equity, it brought together all the relevant parties: the asset manager, investment managers, general partners, limited partners, fund administrators, auditors, the local government, even the primary regulator.

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Bank Innovation

JANUARY 6, 2017

Professionals in the financial services industry are focusing their energy on regulation and data management, according to a survey from consulting firm and technology services provider Synechron.

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Regulation Industry Management Data 210

PYMNTS

MAY 20, 2019

Securities and Exchange Commission (SEC) has delayed a decision to approve a bitcoin exchange-traded fund, asking for more comments in the meantime. The delay does not “indicate that the Commission has reached any conclusions with respect to any of the issues involved,” the regulator said, according to Bloomberg.

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