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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. As new cloud-native, API-driven solutions come to market, the term “core” seems to live in the eye of the beholder. Enter Finxact.

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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. Even as the regulation pendulum swings back toward more limited oversight, how investment banks operate is fundamentally changing. As a result, banks are facing dropping IPO profits. Table of contents.

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The 2022 GonzoBanker Awards

Gonzobanker

All of you with your hands up… … uh huh. It would have required a few trips to the local dispensary to dream up what bankers have endured this year. 1 issue raised by CEOs in our surveys, bankers had to craft a new and compelling post-Covid value proposition to attract it. OK, show of hands. Pull ’em down. Nobody did.

Community 216
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The 2023 GonzoBanker Awards

Gonzobanker

The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. Employees are back to work. We are in awe.

Fintech 194
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AML/CFT hot topics: What to expect in 2023

Abrigo

Beneficial ownership registry The AMLA was signed into effect in January 2021, paving the way for the first major BSA reform since the PATRIOT Act and encouraging a culture of compliance. You might also like this upcoming webinar, "BSA officer’s mindset: A comprehensive look at your AML/CFT program."

Fraud 195
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How Blockchain Could Disrupt Banking

CB Insights

But this very loud and public backlash against cryptocurrencies from banks begs the question: What do banks have to be afraid of? We’ll provide the definitions and analogies you need to know for bitcoin, blockchain, cryptocurrencies, and more. It won’t end well. Someone is going to get killed.”.

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What We’ve Learned From Libra

PYMNTS

PayPal’s endorsement of the Libra mission , signed by CEO Dan Schulman when Libra was officially unveiled in June, has also been removed from the Libra site. According to the FT , members have been asked to sign a membership declaration by today. We’ll know today how many others may follow. One: Solve A Solvable Problem.