Ripple Uses Blockchain To Move Money Faster Than A Flying Courier
#Ripple is attracting attention from some #banks, and hiring some staff from SWIFT.
Financial Technology
Turns out, #banking #apps are higher up in consumers’ smartphones #than #photo or video apps. A study by Forrester Research, released this week, indicates that 32% of U.S. adults (18 and over) use banking apps via their smartphones weekly. The same number of respondents indicated using shopping apps weekly, while 30% and 23% said they […]
Bank Innovation
#Financial optimism is hard to come by, especially for women in the workforce. #Less #than one-#third (29%) of women are currently “#optimistic” #about #their finances, according to the 2017 Workplace Benefits Report released today by Bank of America Merrill Lynch. This is compared to the 44% of male respondents who are currently feeling positive regarding […]
Bank Innovation
Artificial intelligence and machine learning have found their way into lending. But can we trust robots with loan origination quite yet? Upstart — a five-year-old online lender &8212; bets you can (and you must). In fact, #more #than 25% of Upstart’s current #loans are #fully #automated, Bank Innovation has learned. “We have made this progress […]
Bank Innovation
The P2P market is set to #grow to $ 318 billion by #2020, thanks to increased consumer desires for faster services, #more convenient payment methods (such as mobile), and a decreasing interest in cash payments. According to a report by Aite Group’s analyst Talie Baker, P2P payment volume will hit $ 178 billion by the end of […]
Bank Innovation
#Bitcoin: $ 1,252.91. #Gold: $ 1,239.20. Guys. That’s right: currently, bitcoin is #worth #more #than an ounce of gold (but you should probably keep buying gold). Gold, upon which we pretty much based our entire system of financial exchange. The only other time this has happened since bitcoin’s creation by anonymous #cryptocurrency legend Satoshi Nakamoto—who may or may […]
Bank Innovation
Consumers are increasingly comfortable with automated investing, but that may not be such a good thing. According to a global study conducted by Accenture, seven out of ten consumers surveyed would “welcome” automation—or #robo-advisors—into their financial lives, including a high level of comfort, almost 80% (78%), with #robos in traditionalRead More
Bank Innovation
The leader of one of India’s biggest IT services firms said that his company is pursuing a wide range of potential #blockchain applications.
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