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
Banking
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
Emerging Cannabis Market Presents Opportunities for Payments Trailblazers
In January 2020, Illinois joined 10 other states in the country (along with the District of Colombia) by legalizing recreational marijuana. While this has presented an immediate business opportunity that many have taken advantage of, the continued federal ban on the drug has led to unique challenges for both business owners seeking ways to process payments, as well as for … [Read more...] about Emerging Cannabis Market Presents Opportunities for Payments Trailblazers
FinTech Reaches a Digital Tipping Point
The world of digital transactions is in the middle of a meteoric rise, spurred by major lifestyle changes in the face of Covid-19. Ecommerce has developed more in the past three months than in the ten years prior, and that growth still hasn’t plateaued. How do FinTechs take advantage of that growth and adjust for the future? That was the theme of Plug and Play Ventures’ … [Read more...] about FinTech Reaches a Digital Tipping Point
Is Covid-19 Payments’ 9/11 Moment?
Like 9/11, the coronavirus can spur needed payment automation, I wrote in a recent Pay Think column published in PaymentsSource. You may remember that it took the 9/11 crisis to get U.S. federal legislation moving to put scanned check images on the same legal footing as the paper originals. 2020 should be that moment for the U.S. payments infrastructure. Not simply for the … [Read more...] about Is Covid-19 Payments’ 9/11 Moment?
Adding Human Values to Automated Systems
What we in marketing call “personalization” isn’t always personal. Products and services may be suggested based on a customer’s past—and personal—purchasing. And that can and certainly does lead to another purchase—or what we call a “conversion.” Conversions, however, are not personal. Conversations are. Conversions transact; conversations connect. Yet in the grand scheme … [Read more...] about Adding Human Values to Automated Systems