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
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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
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
Chicago FinTech News 6-26-2020
Chicago Student Loans by A.M. Money offers no-cosign funding. Chicago born-and-raised black FinTEx member A.M. money has matched his life experience with a team and a vision to expand funding for students without access to a cosigner for student debt. Rapunzl Co-Founder Highlights Diversity Continuing Diversity Problems. Rapunzl co-founder (a previously-featured company on … [Read more...] about Chicago FinTech News 6-26-2020
FinTech Offers New Tools in Fighting Fraud
Cybercrime continues to become more sophisticated and more prevalent as ecommerce accelerates. Synthetic identities are being used to open accounts, and account takeovers can be automated by networks of bots. Fraud targeting businesses will likely only continue to expand as the post-Covid world turns increasingly to online business, and staying on top of those attacks will … [Read more...] about FinTech Offers New Tools in Fighting Fraud
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?