FINTECH ARTICLES OF THE WEEK 09/18/16 Banks are locked in a traditional structure of proprietary and legacy, and they strongly wish to keep it that way. The problem is more and more banking operations are increasingly done in marketplaces that level the playing field for new entrants, writes banking consultant Chris Skinner in "The banking bazaar and the bizarre … [Read more...] about Marketplace Banking
THE BLOCKCHAIN WATCH 09/18/16
First live blockchain trade transaction conducted In addition to speeding up the transaction time, Barclays found a way to cut costs for couriers using the Wave system. The use of blockchain to conduct such transactions reduces processes for banks, reduces risks for fraud and cuts down on delay-related expenses for companies. The Global Trade Review has the full … [Read more...] about THE BLOCKCHAIN WATCH 09/18/16
Backing Banking?
FINTECH ARTICLES OF THE WEEK 09/10/16 I am generally gung-ho on banks and their need to embrace FinTech partners and on the need for FinTech firms to build the systems that can help smaller banks compete. The record, yet rather paltry, $185 million fine levied on Wells Fargo for fraudulently opening accounts to meet sales targets gives some support to that thesis, even though … [Read more...] about Backing Banking?
THE BLOCKCHAIN WATCH 09/10/16
Blockchain and the credit union: the asset transfer revolution A new whitepaper from Public Service Credit Union and payments consultancy Glenbrook Partners takes a closer look at the applicability of blockchain for credit unions. Beware of blockchain hype Blockchain is meant for money, not health records, home deeds and voting systems, says the CEO of blockchain startup … [Read more...] about THE BLOCKCHAIN WATCH 09/10/16
Advice and Consent
FINTECH ARTICLES OF THE WEEK 09/04/16 My FinTech conversations this week have focused on the newer end of the ecosystem. An upcoming profile will feature a firm that provides bitcoin ATMs targeted at the unbanked so they can send money at lower fees than traditional transfers. Another conversation with a financial planner concerned how he is working as a coach and trusted … [Read more...] about Advice and Consent
THE BLOCKCHAIN WATCH 09/04/16
Blockchain, Payments, Disruption, Use Cases and Real-World Examples: Recent Developments Credit Suisse, Citibank and the World Economic Forum have all come forth with predictions about the potential for blockchain, ranging from improved tracking for payments and streamlined international payments to the elimination of the clearing house. Finextra provides a good summary or … [Read more...] about THE BLOCKCHAIN WATCH 09/04/16