Noncash payments in the U.S. continue to grow, with the total value increasing at a rate of 9.5% per year 2018 to 2021, according to the most recent survey data from the Federal Reserve. The survey also found that tht total number of noncash payments increased at a 5.6% CAGR over the same period, driven largely by increases in the value of card payments and ACH payments. … [Read more...] about Noncash Payments Continue to Grow in the U.S.
World Business Chicago recently hosted its first FinTech Exchange at the Illinois Institute of Technology's University Technology Park. Chicago's economic development agency added financial technology to its sixth priority industry this year. The idea is to draw on the strength of Chicago's traditional financial institutions and trading experts to attract new businesses … [Read more...] about World Business Chicago Hosts First Fintech Exchange
I'd like to read them all, but not now. These are some of the reports I've put aside over the last few weeks to refer to when "I have more time" or the need arises. Feel free to add your contributions in the comments. Research Reports On-chain Foreign Exchange and Cross-border Payments https://lnkd.in/gHheAT9B A study of the use of distributed ledger technologies in the … [Read more...] about Cryptofinance Reports I’d Like to Read
FinTech news this week spread out over the ecosystem, with no one theme dominating my view of the financial media. Here are some of the reports that caught my fragmented attention during the week after the holiday that marks the beginning of summer in the U.S. "Can traditional banks keep pace with FinTech challengers?," The Financial Brand asks. Traditional financial … [Read more...] about Banking on Stablecoins
Money20/20 Asia will bring together top global FinTech leaders in Singapore – from Ant Financial, GO-JEK, Ping An Group, ICICI Bank, Tencent and DBS Bank to Adyen, Google, Stripe, PayPal, Samsung Pay and many more – to create the future of money. The world’s leading FinTech and Payments event is nearing the March 13 launch of its APAC edition, taking place in Singapore at … [Read more...] about Money20/20 Asia Prepares for March 13 Launch
For an overview of Chicago's current FinTech ecosystem, take a look at Douglas Monieson's "FinTech on the prairie: What's the state of Chicago's FinTech ecosystem?" Chicago has always had a broad-based, business-to-business economy, and that's the reason "Why Chicago's B2B enterprises and startups thrive globally," writes Fred Hoch. … [Read more...] about Chicago Corner 10/15/17