The following is a guest post from SDK Finance, a FinTech digital banking platform provider. In one minute, an average person can speak five times as many words as they can type. After all, voice is the most natural and efficient form of communication. Awe-inspiring advancements in voice-related technologies took digital voice assistants mainstream. By early 2020, 75% … [Read more...] about Voice Payments: The Future of Customer Experience?
Touch Free Payments
PayPal did some transit advertising of touch-free payment solutions along Chicago's Michigan Ave. in October. The farmers at the Clark-and-Division farmers' market came up with their own DYI solutions, like this one: A little farther north on Michigan Ave., Google Cloud featured PayPal in its developer solutions Cloud adverts. … [Read more...] about Touch Free Payments
A More Mature Dream: Building Authentication into Cryptocurrency
In many people’s minds, cryptocurrency started as a dream of decentralization; of an asset not subject to government manipulation or many of the negative regulations that exist to steer the market in specific directions. And, for better or worse, those dreams have to some extent been realized. Technology has caught up to the ambitions, but bad actors have repeatedly shown the … [Read more...] about A More Mature Dream: Building Authentication into Cryptocurrency
Constructing the Future of Money
The articles in this issue of FinTech Rising showcase two paths to instant payments and their progress: the traditional bank-centric approach and the emerging decentralized digital-cash approach. Our articles come from the Federal Reserve Bank of Chicago Payments Symposium, held virtually on Sept. 22-23. They are not incompatible, and they will co-exist, certainly … [Read more...] about Constructing the Future of Money
Chicago FinTech News – Corporate Cash Surges
Corporate Cash Holdings Soar, Says New Carfang Group Study Corporations in the U.S. added $1.1 trillion or 38.5% to their cash holdings in the first half of 2020 according to recent data Federal Reserve data analyzed by The Carfang Group. For the second quarter, cash is up $424B or 12% and now stands at $3.9T. According to Anthony J. Carfang, Managing Director at The … [Read more...] about Chicago FinTech News – Corporate Cash Surges
The Programmable Future of Currency
It’s broadly agreed that the rails that exist for payments – both domestically and globally – are antiquated. While there has been any number of advances and shifts toward digital wrappers and new ways for consumers to move money around, on the backend the payment rails themselves are roughly the same as they were 50 years ago. Those rails have built the backbone for a … [Read more...] about The Programmable Future of Currency