The vision for a robust faster payments ecosystem in the United States is well-established. There are multiple contenders to bring it to life – from private offerings like The Clearing House (TCH) to the Federal Reserve’s continuing efforts into FedNow – but achieving true ubiquity can seem like an elusive target. How is that gap from vision to reality going to be … [Read more...] about Bridging the Gap to Faster Payments
Chicago FinTech News – Blockchain Innovations
BondEvalue and Northern Trust Complete World’s First Blockchain-based Bond Trade Northern Trust and partner BondEvalue completed the first trade of a fractionalized blockchain-based bond in Singapore this month. Northern Trust is providing securities services for the wholesale bonds. In what is believed to be a first for the industry, Northern Trust built the capability to … [Read more...] about Chicago FinTech News – Blockchain Innovations
Covid Crisis Leaves Unpredictable Marks on Financial Services
The global pandemic, beyond the crisis it represents for public health, has had a drastic effect on business sectors around the world throughout 2020. And while news that many business goals have been negatively affected for the financial services industry – along with many others – a survey conducted jointly by the UK-based Financial Services Club and US-based Ravco Marketing … [Read more...] about Covid Crisis Leaves Unpredictable Marks on Financial Services
From Hype to Investment: The Changing Face of Blockchain
Blockchain was quite the buzzword just a couple of years ago; tracking alongside bitcoin, it generated quite a bit of hype and more than a few headlines before, for many financial professionals, seemingly fading back into the background. While those days of big headlines and market-redefining hypothetical use cases may be over, now, blockchain hasn’t gone anywhere. Investors … [Read more...] about From Hype to Investment: The Changing Face of Blockchain
Chicago FinTech News – Female Founders Lead
Survey to Study Financial Planning Behavior in a Pandemic Chicago wealth startup Genivity launched a behavior research survey, Financial Planning in a Pandemic-Driven Economy. The survey is designed to measure the consumer behavior and attitude towards long and short term financial planning in wake of the 2020 economic recession and a global pandemic. “This information will … [Read more...] about Chicago FinTech News – Female Founders Lead
Addressing the Challenges of Synthetic Identity Fraud
The Federal Reserve recently released a white paper sharing insights on combating the risk of synthetic identity fraud. As we noted in an earlier article on the subject, this type of fraud is particularly difficult for traditional detection methods to flag, and it represents the fastest-growing type of financial crime in the United States. It’s a problem uniquely built for … [Read more...] about Addressing the Challenges of Synthetic Identity Fraud