FinTech Rising

Reports at the intersection of money, banking, securities, and payments with digital technologies

BLOCKCHAIN Watch 10/05/17

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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

Going Digital

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FINTECH ARTICLES OF THE WEEK 09/27/17 Three reports this week show how incumbent financial institutions grapple with going digital. Taking the certainties of studies at face value: 1. Bank branches will continue to add value to customers while incorporating more technology 2. Insurers will accelerate investments in digital technologies 3. Central banks will face a … [Read more...] about Going Digital

BLOCKCHAIN WATCH 09/27/2017

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Pitchbook's 3Q 2017 blockchain report gives the following summary of recent events: Regulatory statements in China and the U.S. have yet to temper market enthusiasm for the red-hot cryptocurrency and ICO market. SEC recognition that some tokens are securities and some are not is a sensible approach that will encourage the best ideas to continue in a sandbox, while … [Read more...] about BLOCKCHAIN WATCH 09/27/2017

Legacy Challenges

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FINTECH ARTICLES OF THE WEEK 09/20/17 As a follow up to last week's newsletter, Breached, the Equifax breach likely will have regulatory effects on FinTech that go beyond the credit-scoring business itself. In an ironic but not unsurprising development, legacy institutions questioned new technologies in relationship to legacy problems. Last week's Senate Banking hearing on … [Read more...] about Legacy Challenges

Breached

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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