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 innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.

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PYMNTS

SEPTEMBER 18, 2020

This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their own end-clients," he added.

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PYMNTS

NOVEMBER 10, 2020

PayPal is opening its network to allow consumers to shop using cryptocurrency. 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. Square bought $50 million of bitcoin. Morgan said late in the month that it has gone live with JPM Coin.

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Bank Innovation

NOVEMBER 3, 2017

Amazon Technologies, a subsidiary of e-commerce giant Amazon, has acquired three domain names relating to cryptocurrency: “amazoncryptocurrency.com,” “amazoncryptocurrencies.com,” and “amazonethereum.com.” Exactly why Amazon decided to register all three of these domain names, no one really knows.

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Bank Innovation

FEBRUARY 6, 2018

EXCLUSIVE – When it comes to cryptocurrencies and Initial Coin Offerings (ICOs), it seems that the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have their work cut out for them to balance technological innovation with protecting investors.

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PYMNTS

JANUARY 4, 2019

A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports. Cryptocurrency, however, is more than just an asset that stores value.

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PYMNTS

MARCH 18, 2019

JPMorgan Chase isn’t the only bank that has been working on a cryptocurrency. When Citi kicked off the development in 2015, it code-named the cryptocurrency Citicoin, but never formally announced the project. That’s not to say Citi is abandoning blockchain, the technology that underpins cryptocurrency.

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Bank Innovation

SEPTEMBER 27, 2017

Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. 2017 has been a […].

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PYMNTS

APRIL 14, 2019

The International Monetary Fund ( IMF ) and the World Bank are partnering up to launch a private blockchain and “quasi-cryptocurrency.”. Since the coin has no monetary value, it’s not an actual cryptocurrency, according to The Financial Times.

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PYMNTS

APRIL 23, 2020

Business payment and accounting solutions provider Gilded said that digital currency data provider CoinMarketCap has implemented its cryptocurrency payment technology, according to an announcement. Our solution puts digital currency payments and accounting on autopilot, so businesses can focus on innovation and growth.”.

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Bank Innovation

SEPTEMBER 25, 2017

Even after shutting down dozens of bitcoin exchanges and banning bitcoin executives from leaving its borders, the“mouthpiece” for the People’s Bank of China, Financial News, published an article declaring that Beijing should “accelerate the process of launching a digital currency after it curbed the risks of [en]cryptocurrencies.”

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Chris Skinner

JANUARY 30, 2018

I was recently recorded on Roger Edwards’ podcast talking about FinTech, cryptocurrency and corporate change. You can checkout his website here, and here’s the low-down of our chat: On the show this week, I … The post FinTech, cryptocurrency and corporate change appeared first on Chris Skinner's blog.

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Bank Innovation

MARCH 21, 2017

Cryptocurrency and blockchain offer many potential benefits to banking customers, such as faster and more secure cross-border payments. But how about bank employees? A software development company Softjourn demoed “SJ Coins” (or Softjourn Coins)– a rewards system for employees– at the FinDEVr conference today.

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PYMNTS

FEBRUARY 7, 2019

Other times, innovators combine cutting-edge technologies in an attempt to bring more security and seamlessness to the healthcare space. Reducing friction also can be a relatively simple matter of point-of-sale innovating. 190 million: Amount of cryptocurrency stuck in storage after the death of the QuadrigaCX founder.

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PYMNTS

JULY 5, 2017

The Hive Project, a company that uses cryptocurrency and Ethereum blockchain for trade financing , has launched its platform. The company announced Friday (June 30) that its portal is up and running to link SMEs to trade financing by turning unpaid invoices into tradable assets.

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Bank Innovation

MAY 3, 2018

The ways businesses, consumers, and even banks make payments are changing, as technologies like realtime payments and APIs make it easier to send money across the globe. But one technology seems curiously absent from recent payment innovation, and that’s blockchain. “We

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CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space. In the introduction to the RFI, the FHFA noted President Biden’s March 2022 executive order.

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PYMNTS

NOVEMBER 29, 2018

The allure of blockchain was its potential to be a catch-all solution, but as innovators take a more practical approach to introducing the technology to the real world, its true opportunity may lie in addressing highly specialized, unique points of friction. trillion by 2025. trillion by 2025.

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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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PYMNTS

JANUARY 9, 2018

Following in the footsteps of companies seeking to get in on the cryptocurrency craze, Eastman Kodak Co. The cryptocurrency, which the company is calling Kodakcoin, will be “a photocentric cryptocurrency to empower photographers and agencies to take greater control in image rights management.”. 9) — up $1.39 as of 12:56 P.M.

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PYMNTS

NOVEMBER 10, 2020

New technologies such as stablecoins — privately-issued digital currencies — could transform the way people store and exchange their money, making payments cheaper and faster,” the release stated. Peirce defended the slow pace for many securities regulations, but not when they limit new technologies from being used.

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Bank Innovation

NOVEMBER 22, 2017

EXCLUSIVE–With global payments service SWIFT gpi (global payments innovation) finishing up its first active year, how is SWIFT planning to push the service forward in 2018?

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Bank Innovation

JULY 31, 2018

It might seem like blockchain has been all the rage among banks and fintech companies, but a recent Bank Innovation poll found that many of these companies don’t have any blockchain projects in the current pipeline of their innovation initiatives.

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Bank Innovation

JUNE 8, 2018

What is the state of banking innovation today? Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice banking, payments, and alternative credit scoring. This year, the pressure for banks to innovate is high, as banks no longer […].

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Bank Innovation

JANUARY 22, 2019

IBM, one of the world’s largest technology companies, has agreed to sponsor Bank Innovation Ignite, which explores new ideas and technologies needed to push banking forward. Bank Innovation Ignite, March 11-12 in Seattle, offers high-level discussions and networking around the future of what’s next in banking.

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Bank Innovation

SEPTEMBER 26, 2018

Cryptocurrency and blockchain are becoming boring -- not just because the media has covered them so much (ahem!) but because large well-funded companies are using the technology to make the world more efficient. That's what they are supposed to do, after all. It was never supposed to be the Wild West, though the days of […].

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Bank Innovation

NOVEMBER 14, 2017

The finance landscape is witnessing some significant changes and disruptions due to fintech companies, blockchain technology, and AI. Innovation in this highly regulated field is necessary, and even giants are rising to the challenge and trying to get more customer-friendly, agile or at least aligned to the new standards set by start-ups.

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Bank Innovation

FEBRUARY 19, 2019

The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. Community Capital Technologies, Denizen Financial, Diro Inc., The startups are:[link] Avocado Payments, Budgit Inc., Exagens Corp., Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI

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PYMNTS

AUGUST 10, 2017

Distributed ledger technology (blockchain) has made significant headway this year, and people are starting to take notice. At the beginning of 2017, the cryptocurrency bitcoin was valued at just under $1,000 and soared up to over $3,000 in May. This gives way to countries opting to integrate cryptocurrencies for their own use.

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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. Those types of capabilities are very difficult to achieve without using blockchain technology.

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Bank Innovation

OCTOBER 16, 2017

Multinational tech mogul IBM is working with blockchain startup Stellar to establish a cross-border payment system, which will allow banks to use the technology. By using this technology, banks will be save both time as well as costs on the transfer process.

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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.

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PYMNTS

JULY 27, 2018

We’ve launched this cryptocurrency trading facility in response to demand from our user base,” said TransferGo Founder and CEO Daumantas Dvilinskas. The idea behind the service is to provide customers with a familiar environment to invest in cryptocurrencies.

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CFPB Monitor

NOVEMBER 7, 2022

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

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Bank Innovation

MARCH 7, 2018

EXCLUSIVE–The potential use cases of blockchain technology in banking continue to captivate bankers, but topics like cryptocurrency and Initial Coin Offerings, or ICOs, may be losing a bit of their edge. This is according to a panel on the subject during Bank Innovation 2018, which wrapped up yesterday in San Francisco.

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ABA Community Banking

APRIL 13, 2023

How can community bank emerging leaders take initiative in innovation? Tim Shangle advises bankers to take small steps and explore what new technologies can do. The post Podcast: The just-do-it mindset in community bank innovation appeared first on ABA Banking Journal.

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Perficient

JANUARY 27, 2022

Technological innovation has recently ushered in a wave of digital assets with money-like characteristics, including cryptocurrencies based on the combination of cryptographic and distributed ledger technologies, which together provide a foundation for decentralized, peer-to-peer payments.

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