In many people’s minds, cryptocurrency started as a dream of decentralization; of an asset not subject to government manipulation or many of the negative regulations that exist to steer the market in specific directions. And, for better or worse, those dreams have to some extent been realized. Technology has caught up to the ambitions, but bad actors have repeatedly shown the … [Read more...] about A More Mature Dream: Building Authentication into Cryptocurrency
Chicago FinTech News – Corporate Cash Surges
Corporate Cash Holdings Soar, Says New Carfang Group Study Corporations in the U.S. added $1.1 trillion or 38.5% to their cash holdings in the first half of 2020 according to recent data Federal Reserve data analyzed by The Carfang Group. For the second quarter, cash is up $424B or 12% and now stands at $3.9T. According to Anthony J. Carfang, Managing Director at The … [Read more...] about Chicago FinTech News – Corporate Cash Surges
The Programmable Future of Currency
It’s broadly agreed that the rails that exist for payments – both domestically and globally – are antiquated. While there has been any number of advances and shifts toward digital wrappers and new ways for consumers to move money around, on the backend the payment rails themselves are roughly the same as they were 50 years ago. Those rails have built the backbone for a … [Read more...] about The Programmable Future of Currency
Bridging the Gap to Faster Payments
The vision for a robust faster payments ecosystem in the United States is well-established. There are multiple contenders to bring it to life – from private offerings like The Clearing House (TCH) to the Federal Reserve’s continuing efforts into FedNow – but achieving true ubiquity can seem like an elusive target. How is that gap from vision to reality going to be … [Read more...] about Bridging the Gap to Faster Payments
Chicago FinTech News – Blockchain Innovations
BondEvalue and Northern Trust Complete World’s First Blockchain-based Bond Trade Northern Trust and partner BondEvalue completed the first trade of a fractionalized blockchain-based bond in Singapore this month. Northern Trust is providing securities services for the wholesale bonds. In what is believed to be a first for the industry, Northern Trust built the capability to … [Read more...] about Chicago FinTech News – Blockchain Innovations
Covid Crisis Leaves Unpredictable Marks on Financial Services
The global pandemic, beyond the crisis it represents for public health, has had a drastic effect on business sectors around the world throughout 2020. And while news that many business goals have been negatively affected for the financial services industry – along with many others – a survey conducted jointly by the UK-based Financial Services Club and US-based Ravco Marketing … [Read more...] about Covid Crisis Leaves Unpredictable Marks on Financial Services