The digital transformation is here in banking services. The pandemic crystallized just how far the technology has come, and for many users, there’s no going back. But making these services as approachable – or even better – than the traditional face-to-face experience is a key issue facing many financial institutions. These types of technologies will only become more and … [Read more...] about Building a More Human Digital Experience for Banking
banking
Buy Now Pay Later – A More Level Playing Field for Lending?
Buy now, pay later. It’s a simple and evocative term for a growing financial service that offers precisely what the name suggests – the ability to buy something without having to pay for it till a later date. Unlike revolving credit, the main sales pitch for the scheme is that if you make your payments on time, you do so with zero interest and zero additional processing … [Read more...] about Buy Now Pay Later – A More Level Playing Field for Lending?
Continuing the Growth of Cannabis Banking
Recreational marijuana is now legal in 16 states - with medical usage legal in 36. It's now a thriving billion-dollar industry in those states -- but it remains in an uncertain position, heavily reliant on cash and with uncertain prospects for banking partners due to the continued federal prohibition. The challenges are more difficult than some industries, to be sure; due to … [Read more...] about Continuing the Growth of Cannabis Banking
Navigating a Path to Digital Assets
It’s been a theme throughout the year: digital assets like Bitcoin are breaking into mainstream financial services. The expectation is that technology can bring its services to the consumer on a pre-dawn Sunday when they want to make an impulse buy – and that’s exactly what digital assets enable. They let financial institutions put a disposable asset in the hands of a … [Read more...] about Navigating a Path to Digital Assets
What Does the Future of Digital Finance Hold for Banks?
Note: The truism that the price of financial assets is correlated to events and the pronouncements of the institutions and individuals correlation of cryptocurrencies to news reports became even more apparent on Wednesday morning. A report by Chinese regulators that virtual currencies are not "real" currencies sparked this selloff. The selloff earlier in the week resulted from … [Read more...] about What Does the Future of Digital Finance Hold for Banks?
Banking on Crypto
THE WEEK IN FINTECH 05-01-2021 This column continues to follow the money into crypto, as large U.S. financial institutions made more product announcements and investments in cyptocurrency investment and custody services. It also follows the larger trend of banks increasing their strategic investments in FinTech. Enterprise banks ramped up their interest in digital assets … [Read more...] about Banking on Crypto