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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

PYMNTS

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

Policies 181
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What banks can learn from Wal-Mart

Chris Skinner

Can Wal-Mart’s Expensive New E-Commerce Operation Compete With Amazon? But Lore’s 40-minute presentation doesn’t hold back about the threat posed by its most fearsome and increasingly powerful archrival. It’s a benchmark article showing how an incumbent giant finds it hard to adapt.

Omaha 277
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What Innovators Can Learn From Uber Cash

PYMNTS

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Decomposer for innovator large or small, established or emerging. Some spend much more in cities like Boston, New York and San Francisco. Consumer for the end user.

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Merchants Gone Wild: The Surcharge Edition

PYMNTS

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. This newfound friction is the result of the City of Boston passing a bill that bans plastic bags and gives merchants the right to charge for ones made of paper. Innovation by Any Other Name.

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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. Earlier in September at a presentation, Fidelity chief executive Abigail Johnson highlighted the fact the company has been doing FinTech since before FinTech was cool.

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Saving Main Street From Its Downward Pandemic Spiral

PYMNTS

More consumers mean more sales – and more sales means growth, expansion, jobs and prosperity for the business, its workforce and the local economy in which it operates. The owner of an upscale hair salon in Boston is an example of a business living this reality. Social proof can also work in reverse. Saving Main Street.

Maine 199
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Celent Model Bank Awards: Fraud, Risk Management, Process Automation and Flub-Free

Celent Banking

A large number of the entries show that a streamlined and automated operational risk framework is critical to run a successful risk management program. We will be announcing all winners publicly on April 4 at our 2017 Innovation & Insight Day in Boston. At the moment we are staying tight-lipped about who won the awards.