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FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

Associate Director Evangelista stressed “responsible innovation” by the cryptocurrency industry, in order to protect consumers and national security interests, as well as to combat cybercrime and other illicit financial activity. Responsible Innovation “. Responsible Innovation “.

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BNY Mellon Outlines Innovation Agenda — Less Office Space, More Blockchain

Bank Innovation

BNY Mellon has made a lot of noise about blockchain technology in recent months and that continued in a discussion of the bank’s innovation agenda yesterday. This practice normally refers to branches — all the Read More.

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A Bank Automation Summit Preview: Key 2023 Banking Automation Trends

Perficient

The next offering for adoption within automation is more human-like Advance AI, which is being referred to as Autonomous Enterprise. Banks must embrace a culture of innovation and change if they are to successfully adopt new technologies such as RPA, AI, blockchain, and others.

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Banks Should Look Within for Fintech Entrepreneurs

Bank Innovation

Banks spend a great deal of time, money, and energy building technology to compete with fintech companies, but the CEO of innovation software maker Spigit has a message: Don’t bother. “You’re too late,” Spigit CEO Scott Raskin told Bank Innovation, referring to the banks.”By Why is that?

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Charles Potts: Assesing potential fintech partners

Independent Banker

Photo by Rido/Adobe Maximizing each step in the innovation journey, including the fintech evaluation process, will set you on the right path to a fruitful fintech partnership. By Charles Potts, ICBA When it comes to innovation, understanding how we do it may be even more important than why. This is the year of innovation in action.

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Main Street?s Digital Shift, ATM Innovation, PPP Loans Top This Week?s News

PYMNTS

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years. Innovating The ATM Beyond Cash. The Flaw In Demonizing Big Tech.

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In Financial Services, Innovation Versus Inertia

PYMNTS

In an interview with PYMNTs after a webinar by the pair titled, “Financial Services Innovation — The Risk of New vs. Nothing,” John Epperson, principal at Crowe Horwath LLP, and Jason Henrichs, managing director at FinTech Forge , discussed the challenges and rewards of embracing change, even as firms are mindful of what works.