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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

She said, too, that “an increase in protectionist policies” may present risks in a landscape where foreign payment service firms still hold sway. The ECB commentary, we contend, solidifies at least some regional approaches to CBDCs, but retail use cases may be gaining favor.

Boston 227
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Function Over Flash

Independent Banker

In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service. An ATM or branch locator is another standard mobile function. Check ordering.

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Function Over Flash

Independent Banker

In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service. An ATM or branch locator is another standard mobile function. Check ordering.

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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

Read our future of data security report for more on this topic. ). It comes as no surprise, then, that big tech players like Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are investing heavily in data security — especially as several have fallen victim to data breaches themselves.

Google 76
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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

MEMX was founded by 9 financial services institutions including Bank of America Merrill Lynch, Charles Schwab , and Citadel Securities with the goal of simplifying equity trading. Equity research — reports on companies, securities, and markets for investment banking clients — is an industry that has been in decline for the last decade.

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Fintech Favorites

Fintech Labs Insights

Having originally launched its dev platform in 2010, Mastercard this week announced an expansion of its platform that provides third-party developers single location access to more than 25 updated APIs in categories like payments, data, security, and financial inclusion.

Fintech 12
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242 Startup Failure Post-Mortems

CB Insights

The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts. Product: ChaCha. Product: Besomebody.

Company 78