Our April stories mirrored many of those themes through articles covering banks' continuing investment in FinTech and the increasing legitimation of cryptofinance within traditional financial institutions. Here's a review. Banking on FinTech U.S. banks made more than 65 strategic bets in FinTech in 2020. Capital markets investments led the way. “Despite the economic … [Read more...] about April 2021: The Month in FinTech
Banking
Banking on Crypto
THE WEEK IN FINTECH 05-01-2021 This column continues to follow the money into crypto, as large U.S. financial institutions made more product announcements and investments in cyptocurrency investment and custody services. It also follows the larger trend of banks increasing their strategic investments in FinTech. Enterprise banks ramped up their interest in digital assets … [Read more...] about Banking on Crypto
Banks Increasingly Need Crypto Literacy
As bitcoin prices have exploded upward throughout the beginning of this year, many traditional financial institutions have been forced to one conclusion: cryptocurrency is here to stay. Even if your institution doesn’t plan to deal directly in the space, the need to be knowledgeable about it is becoming an increasing imperative. But it’s a complicated subject – a crowded … [Read more...] about Banks Increasingly Need Crypto Literacy
New Charter Law Could Make Illinois a Crypto Leader
Illinois FinTechs may soon have a new opportunity to provide safekeeping of digital assets such as cryptocurrencies, in a move that would make the state only the second in the nation to offer this authority to applying companies. A new charter for these “special purpose trust” companies got one step closer to passage through the state legislature Tuesday, with the Illinois … [Read more...] about New Charter Law Could Make Illinois a Crypto Leader
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
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?