Emerging technologies in finance and banking garnered the greatest attention in FinTech Rising, a newsletter published by Canright Communications. Financial professionals focused most on articles that covered practical application on new technology to financial market segments. 1. FinTech Platforms Emerge in Wealth Management. The most-read article originated from the last … [Read more...] about 5 Most-Read FinTech Rising Articles of 2020
Missed Payments, a Crypto Custodian, and Chicago Startup Successes
Missed credit card payments, payday loans, distrust in government mark Americans' pandemic financial struggles, reports a survey by the Chicago Booth Rustandy Center for Social Sector Innovation, as Congress passes a COVID-19 relief bill. Standard Chartered and Northern Trust partner to launch Zodia, a cryptocurrency custodian for institutional investors. A new study … [Read more...] about Missed Payments, a Crypto Custodian, and Chicago Startup Successes
Building Faster Payments: From Conception to Reality
Selling the concept of faster payments, in many of the myriad forms they can take, isn’t difficult. Most of the industry players agree it’s overdue: the U.S. hasn’t had a new payments structure in over 40 years. Needless to say, achieving it is a huge undertaking; not only in building the technology but also in getting large-scale adoption, as it requires buy-in from every … [Read more...] about Building Faster Payments: From Conception to Reality
Digital Payments and Currencies in China. They’re Faster.
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.
Where Health and Wealth Converge: Building New Solutions For Consumer Well-Being
The global pandemic, through necessity, has continued to drive digital innovations throughout almost all industries. But some changes are more revolutionary than others, and in looking at health and wealth management, new datasets and new business models are changing the way advisors and providers look to help individuals and employers alike, providing optimized solutions for … [Read more...] about Where Health and Wealth Converge: Building New Solutions For Consumer Well-Being
What Lessons Can Europe Teach the U.S. about Open Banking?
In late October, the Consumer Finance Protection Bureau (CFPB) put out a call for comment on the Dodd-Frank Act Section 1033, looking for input to drive clarifying rulemaking on the act’s language calling for banks to make available consumer information on request from the consumer. In Europe, similar language was part of the PSD2, and led to a new standard in open banking – … [Read more...] about What Lessons Can Europe Teach the U.S. about Open Banking?