As Covid-19 continues to impact almost every aspect of life and business, the question of how it has and will continue to reshape Fintech has been a major concern for industry members. Speakers at a recent Tech In Motion webinar took time to examine the issue, and while the answers are complex, the ultimate thesis is simple enough: this is a new era for the industry, and the … [Read more...] about A New Era For FinTech
Alternative Lenders Fill the Gap, But Must Be Careful
Already fulfilling the basic financing needs of small businesses, alternative lenders may help fill the gap in getting Payroll Protection Plan (PPP) money to small businesses. Since the program opened and ran out of money, nonbank lenders got approval to provide PPP loans. I had emails in my inbox from Ondeck (I'm a customer), Square Capital, and PayPal. This indicates an … [Read more...] about Alternative Lenders Fill the Gap, But Must Be Careful
Could the Crypto Market Protect Against a New Global Recession?
Note: Since this was published, the repo markets have not improved; the Fed supplied another $205 billion to the market on October 18. See James Bianco's LinkedIn post for more at: http://bit.ly/35MM8QJ The Federal Reserve has extended its recent interventions into the securities repurchase, or “repo” market, into November. It’s the first time that the Fed’s intervened in … [Read more...] about Could the Crypto Market Protect Against a New Global Recession?
FinTech Advertising On the Go in Chicago
Transit advertising for FinTech solutions has been a Chicago trend for awhile now. German Direct Bank N26 has joined in, making the rounds on Chicago transit to promote its high-speed banking service. The recently-launched Gemini Crypto Exchange is taking the train. … [Read more...] about FinTech Advertising On the Go in Chicago
New Bitcoin Offerings and Volatility Reflect Challenges and Promise For Cryptocurrency
The Intercontinental Exchange (ICE) launched its physically-settled bitcoin futures trading platform, Bakkt, on September 23. The Chicago Mercantile Exchange (CME) has been doing futures trading in bitcoin for even longer -- since 2017 -- and is now making plans to expand that platform by early next year with a bitcoin options contract. It's a market with promise, but one … [Read more...] about New Bitcoin Offerings and Volatility Reflect Challenges and Promise For Cryptocurrency
NACHA Promotes Blockchain-Backed B2B Payments Directory
B2B payments have historically caused problems in the financial services industry. Vendor onboarding, keeping current payment information, and ensuring the proper remittance are massive, time-consuming tasks that are only growing more complicated as real-time payments become a bigger factor. NACHA, through their October 1 acquisition of the Business Payments Directory … [Read more...] about NACHA Promotes Blockchain-Backed B2B Payments Directory