U.S.-based financial giant Wells Fargo is developing a U.S. dollar-linked cryptocurrency that will run on the firm’s first blockchain platform. Dubbed Wells Fargo Digital Cash, the stablecoin will be used in a pilot initially for internal settlement across the company’s business.
Read MoreFrom workforce expenses to high value transactions between buyers and suppliers, the market that supports the initiating and acceptance of card-based business payments is big and growing. According to Mastercard, Visa and American Express, commercial card payments hit a five year high of US 2 trillion[1] in 2018.
Read MoreFaster payments is a buzzword in retail banking which typically does not include credit card payments. The movement of money in retail banking usually involves transferring funds from Bank A to Bank B, in a transact…
Read MorePeople still need banking services. But banks? How sustainable are they in 2019? That’s another matter. A traditional piece of banking business business model is going away. Namely, they will no longer make money off of money. Doing so is no longer profitable. High interest rates are gone and they are never coming back.
Read MoreFintech has become a fast-moving field, and the next decade should be no different. Not every startup threatens small and midsize banks, but community banks and credit unions should stay on top of fintech trends to know when it’s time to act on a new opportunity. Here are five trends I see shaping fintech into […]
Read MoreThe ATM made its U.S. debut 50 years ago, and a half-century later the future of cash and cash-dependent industries like ATMs is the subject of intense debate in industry forums and at city halls and state capitols. Chemical Bank, now part of JPMorgan Chase & Co., installed the first U.S.
Read MoreIncreased use of smartphones and superior digital apps are driving the increase of digital banking. Digital banking is traditional banking activities and programs that customers were only able to do inside a bank are done online.
Read MoreOver the past two decades, technology has altered many industries — music, retail and transport to name but a few. Yet during this period of technological disruption, financial services have continued to grow. Banking has always been about technology.
Read MoreWith tons of regulatory uncertainty and reports that some key partners are having second thoughts, will Facebook (NASDAQ: FB) still move forward with its Libra cryptocurrency? And negative interest rates are more prevalent than you might think around the world, but what would happen if they came to the U.S.
Read MoreThis article will take you 4 minute(s) to read At present, Fintech is the buzzword within the banking industry. Ever since the global economic crisis, the financial services industry has seen massive disruption, including new regulatory frameworks, greater transparency, and data protection, and much more.
Read MoreIn brief: Facebook’s Libra hasn’t even launched and some backers are discussing whether it would be in their best interest to jump ship before they attract unnecessary attention from regulators, who are probing every aspect of the social giant’s business.
Read MoreCompanies known for providing credit and debit cards may not be the most obvious stakeholders in the future of mobility, but the rollout of new mobility services could see the physical ticket resigned to the history books. In its place will be the digital wallet, which many commuters already use through contactless card and smartphone […]
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