Fintech Regulators — Look South Where Mexico Shows How To Do It
#Mexico is the second country, after the UK FCA, to introduce regulation to support #fintech firms, including sandboxes which state #regulators in the U.S. deride.
Financial Technology
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Z/Yen Finance Center List Grows To 100 And Shows Asia Rising
The number of financial centers ranked by #Z/Yen in London has grown to 100, and Asian cities are #rising.
Financial Technology -
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DTCC Shows Private Blockchain Can Handle US Equity Trade Volumes
#Blockchain capacity has been measured in public blockchains, where transaction rates have been very slow. #DTCC showed that a #private permissioned distributed ledger can #handle high #volumes.
Financial Technology -
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Pivotus Shows Banks Actually Can Collaborate to Build Products
EXCLUSIVE- It’s a truism that #banks can&8217;t work together, but we live in an age of consortia, where groups of banks get together on things like #blockchain (though, some have said they are more like “blockchain support groups.”😉 #Pivotus Ventures, a wholly owned subsidiary of Umpqua Bank, famous for its highly designed branches and fanatical […]
Bank Innovation -
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Pivotus Shows Banks Actually Can Collaborate to Build Products
EXCLUSIVE- It’s a truism that #banks can&8217;t work together, but we live in an age of consortia, where groups of banks get together on things like #blockchain (though, some have said they are more like “blockchain support groups.”😉 #Pivotus Ventures, a wholly owned subsidiary of Umpqua Bank, famous for its highly designed branches and fanatical […]
Bank Innovation -
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Elevate’s Growth Shows It Pays to Focus on Non-Prime Consumers
Non-prime #consumers are getting a boost from credit solutions provider Elevate. The company’s #focus on this financial segment has led to extensive #growth this year, especially in products like its Elastic service—a bank-issued line of credit, backed by Republic Bank, that has just surpassed $ 200 million in total outstandings, the company announced today. “These consumers […]
Bank Innovation -
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Simple Shows Exactly Why Customers Don’t Trust Fintechs
Imagine waking up to an email from your bank saying that all your accounts will be shut down in a month, through no fault of your own. Seems unlikely, doesn’t it? How about getting that same email from a digital-only startup bank? Somehow — despite the increased popularity of #fintechs &8212; this seems more likely (or […]
Bank Innovation -
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Wells Shows Largest Mobile User Growth Among 3 Largest Banks
Three of the nation’s #largest #banks released their digital #user stats this morning, and yes, the banking world is still racing to #mobile. #Wells Fargo, in particular, demonstrated strong #growth both on yearly and quarterly basis, delivering on the CEO&8217;s promise of “continued focus” on tech and digital, despite theRead More
Bank Innovation -
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Moody’s Clients Working on 120 Blockchain Projects, Report Shows
As many as 120 #blockchain-related #projects are being undertaken by governments and companies rated by Moody’s, new data #shows.
CoinDesk -
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Kasisto Facebook Outage Shows Danger of Banks Being Tech Companies
It’s become common for bankers to say, “Our bank is a #technology company.” But technology #companies &8220;move fast and break things,&8221; and that doesn&8217;t square well with providing customers reliable access to their money. Case in point: MyKai, the remarkably clever chatbot from #Kasisto, suffered an #outage yesterday on oneRead More
Bank Innovation
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