Blockchain

Why banks should be more like software companies

10/11/17

Bankers need to set aside their post-crisis aversion to risk, recapture some of the magic they once practiced as innovators, fear fintechs less, and worry about the Googles and Amazons more, says Peter Memon, a bank IT veteran turned global consultant.

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Equifax offers breach details; Bank rally needs validation

10/11/17

Hackers accessed driver’s license data on nearly 11 million people, the company says; the rally in bank shares may sputter out if third-quarter earnings reports disappoint.

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More than 100 financial firms using Ripple blockchain software

10/10/17

Designed to compete with Swift, Ripple announced several new customers Tuesday. The startup says its software allows banks and others to send cross-border payments more quickly, transparently and cheaply.

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Senators question credit bureau model; Yellen (again) on 'appropriate' regs

10/05/17

Day two of Equifax hearing focuses as much on business model as on the data breach; Fed chair again says she supports bank rules that are not "unduly burdensome."

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Innovation vexing for banks and fintechs alike

10/03/17

Banks that find true innovation hard to accomplish can take heart — it’s no picnic for startups either. To hear both sides share their challenges is an argument for collaboration.

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Bank-issued bitcoin debit cards. No, really.

10/02/17

The explosion of interest in digital assets this year, and the multiplying of their market value, are making cryptocurrency debit cards newly attractive. Banks could partner with intermediaries or issue the cards directly, but obstacles remain before that day can arrive.

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Could Chinese regulators put an end to blockchain assets?

09/20/17

China’s crackdown on cryptocurrency exchanges raises questions about the future of digital asset innovation, a movement that some bankers view as a threat and others embrace as a boon to payments, P-to-P lending and other activities.

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Is democratized ID the answer to the Equifax breach?

09/15/17

Security professionals have long argued against the use of static identifiers like passwords and Social Security numbers, while consumers have long questioned why a handful of bureaus can claim to be the ultimate judges of their identities.

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Equifax hack sparks probes; mobile apps keep Houston banking

09/11/17

The FBI and at least two states are looking into the data breach; Harvey shut lots of banks, but mobile banking apps keep customers operating.

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That IBM blockchain? Northern Trust says it works

08/22/17

For high-value, low-volume transactions, that is. Big Blue formally launched the platform Tuesday, but the custody bank has been using it for months, as has a group of Canadian institutions.

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