Three facts led to the selection of this week's FinTech theme: 1 Bitcoin prices hovered near $60,000 this week, up from a $50,000 mark only a few weeks ago. 2 Hester Peirce, who won the moniker "crypto mom" for her support of pragmatic regulation of cryptocurrencies, will continue as a Securities and Exchange Commissioner for another five years. 3 Several of the … [Read more...] about Digital Asset Legitimation Announcements Continue
Blockchain Adoption Accelerates Across Finance
Adoption of blockchain technology continues to accelerate into 2021, driven in part by cryptocurrencies like bitcoin, but increasingly by investments across a wide range of financial services for a variety of use cases. According to the recently released Blockchain Technology Market Size report from Grandview Research, the blockchain market was valued at $3.67 billion for … [Read more...] about Blockchain Adoption Accelerates Across Finance
NFTs: Ugly Term for Beautiful Returns?
If the technical term "nonfungible token" was selected to describe how the art market meets FinTech as a way of catching attention, then it has succeeded mightily. It begs the inevitable questions: What the heck is that? Why would anyone buy that? The New York Times took that approach in its 03/12/2021 story on the largest sale of digital-asset token as art: "What Are NFTs, … [Read more...] about NFTs: Ugly Term for Beautiful Returns?
How Can Banks Achieve Hyperautomation?
As financial institutions continue the push for digital transformation, the need to build efficiencies through automation is only growing – and the push into that next phase, what some are starting to call hyperautomation, is a big part of that. The concept is relatively simple: it’s the end goal of digital transformation, that point at which transactions have been automated … [Read more...] about How Can Banks Achieve Hyperautomation?
Innovation and Regulation: Building Better International Payments
International trade and commerce are a major piece of the payments industry, with volume only increasing year over year as digital options further connect the globe – and yet, many of the systems that businesses and retail consumers alike rely on to make these payments remain too slow, too complex, and expensive. There’s a growing need to fundamentally rethink the payments … [Read more...] about Innovation and Regulation: Building Better International Payments
London Looks to FinTech Savior
"Where will you find the leading lights in financial technology?" It's London, according to a full-page ad placed by UK's investment office in this week's edition of The Economist. London is looking for an edge to maintain its position as Europe's financial center after Brexit and a brutal pandemic year. "UK fintech review unveils how the government can help the country stay … [Read more...] about London Looks to FinTech Savior