When discussing cryptocurrency, the Achilles’ heel for financial institutions and the banking industry is regulatory compliance. ISO 20022 is an internationally recognized standard, developed and maintained by the International Organization for Standards (ISO), for financial industry messaging in payments, securities, trader services, cards, and foreign exchange domains. The … [Read more...] about Cryptocurrency & ISO 2022 Compliance
Technology
A U.S. CBDC: Disaster or an Idea Whose Time Has Come?
The notion of a digital dollar for the United States has been increasingly in the news in recent months. Research by the Federal Reserve into a Central Bank Digital Currency (CBDC) has been ongoing, and it’s easy to see why: between efforts from China to use digital currency in apps, to the increasing adoption rate of cryptocurrencies, and other faster payments technologies, … [Read more...] about A U.S. CBDC: Disaster or an Idea Whose Time Has Come?
New Horizons in Cryptocurrency
What’s on the horizon for cryptocurrency and blockchain technologies? It’s a question on a lot of people’s minds, and there’s a potential for more than a good profit margin for financial professionals who come to the right answers: a potential paradigm shift in payments, investing, and the way we use the internet itself could be on the line. For its April talk, the Chicago … [Read more...] about New Horizons in Cryptocurrency
Could a Central Bank Digital Currency be in the Cards for the U.S.?
President Biden called last week for an urgent, government-wide focus from the U.S. into the research of a potential Central Bank Digital Currency (CBDC) in an Executive Order. It’s a move that’s been a long time coming—American efforts in the space have lagged far behind some other countries, including China, which has already launched a pilot for its own digital … [Read more...] about Could a Central Bank Digital Currency be in the Cards for the U.S.?
The Future of Digital Assets: Not a Zero-Sum Game
Blockchain technology and digital assets rose to new heights in 2021; with a record $30 billion in investments, interest in this sector of FinTech has never been stronger. But what's happening with all that money? That was the subject of 1871's recent Tech Talk: Digital Assets and Cryptocurrency: A Breakout Year, with experts weighing in on where developments in digital assets … [Read more...] about The Future of Digital Assets: Not a Zero-Sum Game
November FinTech in Review: FinTech Questions
Developments in faster payments, digital assets, and technical interfaces raise questions. Businesses wonder about how to adopt them and at what cost. Investors wonder how to profit from them. And regulators wonder how to keep them safe and conder control. We covered some of those competing agendas this month in the articles linked below. For a consumer-oriented view and … [Read more...] about November FinTech in Review: FinTech Questions