As finance has firmly entered the digital era, the concept of value has started to transcend formerly physical boundaries, manifesting in forms no one could have foreseen even just a decade ago. Today, the term digital assets doesn't simply refer to highly speculative cryptocurrencies or NFTs—the ecosystem has expanded dramatically to encapsulate a much wider range of purposes … [Read more...] about Digital Assets: Today’s Landscape, Tomorrow’s Potential
FedNow Launches
The Federal Reserve today announced the launch of its long-awaited real-time payment system, FedNow. After nearly four years of development, this initiative will establish the regulator's first nationwide network for instant payments, a feature already present in other countries and a major U.S. processor. The launch date comes as the adoption of faster payments increases in … [Read more...] about FedNow Launches
Planning Adoption of the Emerging Technologies Changing U.S. Payments Services
Traditional payment systems that require days-long transaction settlement, high retailer fees, and operational inefficiencies are getting a technology makeover. Led by enabling technologies like artificial intelligence and machine learning, banking, and payments services are expected to serve consumers with less friction while posing very real operational and security … [Read more...] about Planning Adoption of the Emerging Technologies Changing U.S. Payments Services
Harnessing the Power of Digital Marketplaces
The Rise of Embedded Finance and Open Banking Bidding to serve a new generation of buyers, FinTech companies seek to redefine how financial services are delivered, especially payments. With the rise of ecommerce marketplaces, FinTechs are taking advantage of an opportunity to tap into new revenue streams by providing embedded finance and open banking services. New … [Read more...] about Harnessing the Power of Digital Marketplaces
Crypto is Not Dead
Cboe Digital, a leading global exchange operator, announced that it has obtained approval from the Commodity Futures Trading Commission (CFTC) to introduce margin futures for crypto like bitcoin, and ether. The announcement marks a significant development in the crypto market because the approval signifies a major step forward in integrating cryptocurrencies into traditional … [Read more...] about Crypto is Not Dead
U.S. Faster Payments Implementation Increases
Consumers and businesses want to move payments faster. Three recent studies show growth in the use of the various flavors of faster payments in the United States. Instant payments services have reached an inflection point among financial services providers, with more than 60% using or setting up the RTP service and more than 40% setting up FedNow. Zell is approaching 80%, … [Read more...] about U.S. Faster Payments Implementation Increases