The DAO heist and subsequent reversal of funds on the Ethereum blockchain demonstrate why developers and miners of public blockchains should have more accountability.
The recklessness of pioneers like the DAO and the need for learning are not unique to the blockchain ecosystem, pessimists notwithstanding. This technology is living through turbulent early days. It is bound to become safer and more powerful.
What was true in the late 1700s, the 1970s and the 1980s is still true today: bank customers want to interact with real-life people when managing finances.
Directors and senior executives have a duty to inculcate risk culture into banks so that everyone works as a team to contain cyber and other risks, including the human vulnerabilities within.
Confusion among bankers on what real-time ACH payments are and how the transactions are processed is a major barrier to adoption in the U.S. Here's what banks need to know.
As banks pull out of developing countries, we must seek a healthier balance between preventing money-laundering and maintaining banking systems of entire regions.
