Real-time payments, also known as instant payments, promise faster processing times and improved security compared to traditional methods. Despite its potential benefits, its impact on the finance industry remains an area of concern that requires real planning. Understanding the current state of real-time payments and analysis of its future potential and challenges is critical … [Read more...] about Real-Time Payments: Complex, but Crucial
Disentangling the Crypto Crash of 2022
A reckoning in the digital asset industry that started in June after the collapse of improperly collateralized investment assets gained new urgency in November. Following the professional and possibly legal improprieties that led to bankruptcy and chaos at the FTX cryptocurrency exchange, the industry is regrouping and putting distance between legitimate market participants and … [Read more...] about Disentangling the Crypto Crash of 2022
FASB Votes to Approve Fair Market Value (FMV) for Digital Asset Accounting
Following is a guest post from Renata K. Szkoda, CFO at INX and Co-Chairwoman of the Global Digital Asset and Crypto Currency Association. The Financial Accounting Standards Board (FASB) reached a tentative decision to make fair market value (FMV) the primary accounting method for measuring crypto assets, reports the Global Digital Asset and Cryptocurrency Assn., which led … [Read more...] about FASB Votes to Approve Fair Market Value (FMV) for Digital Asset Accounting
Architecting The Future of Digital Assets in Banking
As major financial institutions continue wading into the digital waters of the future of currency, they're faced with questions that crypto, in many ways, has never really had to answer. What makes digital assets a currency? What makes stablecoins stable? Stablecoins are an increasingly important plank in the cryptosystem - greasing the wheels of the system and providing an … [Read more...] about Architecting The Future of Digital Assets in Banking
Chainlink & Decentralized Finance
Chainlink launched in 2019 as the first to market a decentralized oracle network. Since then, it has become the de-facto standard in how DeFi & smart contracts interact with the real world. By building a framework for decentralized oracle networks, Chainlink empowers hybrid smart contracts for expansive use by providing a secure foundation for connecting oracle data with … [Read more...] about Chainlink & Decentralized Finance
Cryptocurrency & ISO 2022 Compliance
When discussing cryptocurrency, the Achilles’ heel for financial institutions and the banking industry is regulatory compliance. ISO 20022 is an internationally recognized standard, developed and maintained by the International Organization for Standards (ISO), for financial industry messaging in payments, securities, trader services, cards, and foreign exchange domains. The … [Read more...] about Cryptocurrency & ISO 2022 Compliance