Illinois Innovation Regulation Technology 
PYMNTS
OCTOBER 26, 2016
The smart contract and blockchain technologies will prevent the use of the same shipment of goods to satisfy more than one contract.”. At the state level, Illinois’ government has shown interest in delving into incorporating blockchain into how it does business. Indeed, smart contracts are more efficient and, well, smart.
PYMNTS
APRIL 22, 2019
That would seem to apply to credit unions (CUs), and to Consumers Credit Union of Illinois specifically, one of the largest CUs around, which has been in business since 1930 (before the Great Depression reached its worst depths). We don’t have the resources [or] the money center banks do” to be more proactive on innovation. “We
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PYMNTS
FEBRUARY 15, 2018
Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?
PYMNTS
MAY 30, 2018
We recognize that so often the case is with new technology, there is a needle you have to thread,” he added later. “If If you don’t give any regulation at all, it has the chance to go off the rails and completely burn itself out, which is where I was fearing bitcoin was going to a couple months ago if they haven’t already. “If
PYMNTS
NOVEMBER 23, 2020
While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.
PYMNTS
DECEMBER 12, 2018
The city of Bakersfield, Illinois, for example, recently disclosed that cybercriminals had compromised the third-party website Click2Gov, used to process residents’ utility and municipal payments. Companies like Dunkin’ are not the only victims of a data breach, of course. Giving Gig Workers Faster, Safer Payments.
Payments Source
MAY 3, 2018
Although there's often a tension between regulation and innovation, the sandbox concept can help startups, regulators and incumbent banks better navigate experimental financial technologies.
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