FinTech Rising

Reports at the intersection of money, banking, securities, and payments with digital technologies

Cryptofinance

Digital Payments and Currencies in China. They’re Faster.

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The following is a guest post from John Browning, founding partner of Hong Kong commodity and financial futures broker BANDS Financial. In reporting on the state of and statistics on the Chinese economy, Browning follows the development of a digital currency by China's central bank. See our post Constructing the Future of Money for an introduction. This post, an excerpt from … [Read more...] about Digital Payments and Currencies in China. They’re Faster.

Chicago FinTech News – Corporate Cash Surges

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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

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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

Chicago FinTech News – Blockchain Innovations

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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

Could the Crypto Market Protect Against a New Global Recession?

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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?