Last week at Finovate Fall 2023, MoneyGram CEO Alex Holmes was interviewed by a Forbes reporter, Leo Schwartz, about cryptocurrency and its potential impact on cross-border payments and remittances. The discussion shed light on the complexities and challenges surrounding the adoption of cryptocurrencies in the payments industry. Holmes began by acknowledging the allure of … [Read more...] about Cryptocurrency and Its Potential Impact on Cross-Border Payments
SupraFin’s Approach to Cryptocurrency Ratings
At Finovate Fall 2023 in New York, Liliana Reasor, SupraFin's founder, discussed the company's approach to cryptocurrency ratings. With 20 years of experience at institutions like JP Morgan, Deutsche Bank, and Moody’s Analytics, Reasor has a significant background in crypto, risk management, and investment banking. She highlighted the growing importance of comprehensive risk … [Read more...] about SupraFin’s Approach to Cryptocurrency Ratings
Embracing the Future of Faster Payments
The digital era continues to redefine industries, propelling the payment sector to the forefront of this transformation. Both consumers and businesses, driven by the pressing need for speed and convenience, have been gravitating towards faster and real-time payment mechanisms. Same Day ACH: Meeting the Urgency As an embodiment of this demand for swiftness, the growth of Same … [Read more...] about Embracing the Future of Faster Payments
Digital Assets: Today’s Landscape, Tomorrow’s Potential
As finance has firmly entered the digital era, the concept of value has started to transcend formerly physical boundaries, manifesting in forms no one could have foreseen even just a decade ago. Today, the term digital assets doesn't simply refer to highly speculative cryptocurrencies or NFTs—the ecosystem has expanded dramatically to encapsulate a much wider range of purposes … [Read more...] about Digital Assets: Today’s Landscape, Tomorrow’s Potential
FedNow Launches
The Federal Reserve today announced the launch of its long-awaited real-time payment system, FedNow. After nearly four years of development, this initiative will establish the regulator's first nationwide network for instant payments, a feature already present in other countries and a major U.S. processor. The launch date comes as the adoption of faster payments increases in … [Read more...] about FedNow Launches
Planning Adoption of the Emerging Technologies Changing U.S. Payments Services
Traditional payment systems that require days-long transaction settlement, high retailer fees, and operational inefficiencies are getting a technology makeover. Led by enabling technologies like artificial intelligence and machine learning, banking, and payments services are expected to serve consumers with less friction while posing very real operational and security … [Read more...] about Planning Adoption of the Emerging Technologies Changing U.S. Payments Services