IMF: Digital currency could remake 'cumbersome' cross-border payments
Just as we call letters "snail mail," in the future people may consider bank transfers snail money. ... Read full article
Just as we call letters "snail mail," in the future people may consider bank transfers snail money. ... Read full article
Vinny Lingham, founder and CEO of Civic, discusses the froth in cryptocurrency markets, the mania for "initial coin offerings," the right way to do token sales, the future of digital identity and the banking system's security failings. ... Read full article
Microsoft and Accenture have unveiled a blockchain-based digital-identification system in connection with the ID2020 international initiative. ... Read full article
IBM's Marc Andrews discusses AI and compliance; Dave Birch, Charlie Shrem and Anthony Di Iorio debate bitcoin and all that it's spawned. ... Read full article
Readers chime in on the GSE conservatorships, bitcoin’s future, regulatory relief for regional banks, a recent Supreme Court ruling on debt collection, and more. ... Read full article
Private companies incorporated in Delaware could start issuing and tracking shares of stock on a distributed ledger this summer. ... Read full article
The Florida Bankers Association recently canceled a fintech conference due to a lack of interest. Such aversion could prove costly for bankers in the future. ... Read full article
A recently announced partnership with Nasdaq is one of multiple investments Citi has made in ventures related to distributed ledger technology, its chief financial officer said Tuesday. ... Read full article
While banks are in various stages of development when it comes to distributed ledger technology, the industry is farther along than many would assume, big-bank technology executives say. ... Read full article
The world needs faster and cheaper international payments, but more than that it needs censorship-resistant ways to transact. ... Read full article
The vast majority of financial services executives surveyed by Cognizant predict open systems like bitcoin will gain greater prominence over the next five years — slightly more than said the same for private blockchains. ... Read full article
With such massive amounts of data bolstered by ubiquitous modes of distribution, the most meaningful fintech investment opportunities center around enabling a new truth equilibrium. ... Read full article
More business lending is shifting from banks to "murky" trusts as the government imposes more restrictions to reduce risky loans; 11 states advance suit as Justice Department retreats. ... Read full article
Fed Gov. Jerome Powell says central bank will provide more information to banks about how it conducts annual tests; bank CTO discusses its 2018 blockchain test. ... Read full article
The digital banker of the year is B of A’s Michelle Moore. TIAA's Kathie Andrade compares career advancement to a rock climb. Plus, Marianne Lake, Ellen Alemany and Wonder Woman. ... Read full article
Several leading banks and corporations in Spain are launching a cross-industry development platform called Red Lyra, leveraging blockchain technology to streamline the creation of services that use digital identities. ... Read full article
Blockchain platform's capital raising is its biggest to date; mutual fund giant now accepts digital currency in its cafeteria as CEO Abigail Johnson embraces it. ... Read full article
The money will be used to hire more people. It is also a morale boost for the group, which has suffered some high-profile recent defections. ... Read full article
Bank agrees to pay $97 million as DOJ drops criminal charges involving money laundering at Citi uni; digital currency price roars past $2,200 as Japanese catch the bitcoin bug. ... Read full article
Nasdaq and Citi are partnering to utilize blockchain technology to expand and improve cross-border and private company securities payments. ... Read full article