IMF head: Cryptocurrency could be the future. Really. At a Bank of England conference in London: "In many ways, virtual currencies might just give existing currencies and monetary policy a run for their money," Christine Legarde said. . . . "It may not be wise to dismiss virtual currencies," she told the audience. "Instead, citizens may one day prefer virtual … [Read more...] about BLOCKCHAIN Watch 10/05/17
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Breached
FINTECH ARTICLES OF THE WEEK 09/13/17 The Bank for International Settlements (BIS), often described as the central bank for central banks, recently published its take on FinTech. The BIS's Basel Committee on Banking Supervision's report, "Implications of fintech developments for banks and bank supervisors," handily summarizes the changing face of banking: "A common theme … [Read more...] about Breached
Chicago Corner 9/13/17
FINTECH EVENTS CALENDAR Chicago is host to several major FinTech events in September. Click the logos for details: September 26-27 Federal Reserve Bank of Chicago For more, see our calendar of FinTech events, especially those in Chicago, which are indicated by CHI in the title. … [Read more...] about Chicago Corner 9/13/17
Mystical Millenials
FINTECH ARTICLES OF THE WEEK 05/28/17 "The Mystical Millennials are overly romanticized," said Vic Pascucci, managing partner at VC firm Lightbank. Panelists at Morningstar's New York FinTech Forum, agreed that FinTech services are overly focused on Millennials, with a tendency to focus on FinTech products over consumer experience. Recent … [Read more...] about Mystical Millenials
BLOCKCHAIN WATCH 05/28/17
I had a chance to sit down with Jeff Garzik, co-founder of enterprise blockchain firm Bloc during a lunch break at the Consensus conference last week in New York. The talk of the conference was initial coin offerings (ICOs), he said. TechCrunch provide an introduction in "WTF are ICOs." What they do is enable investors to monetize the network effects a company can produce … [Read more...] about BLOCKCHAIN WATCH 05/28/17
Digital Feds
FINTECH ARTICLES OF THE WEEK 05/22/17 "Digital currency is inevitable," I told a federal reserve researcher recently. "You mean fiat currency? Issued by the Fed?" She was a bit taken aback by my certainty. "Yes, it's inevitable. I'm not saying when or how or what, but that's where the market is moving." I recalled that conversation … [Read more...] about Digital Feds