As bitcoin prices have exploded upward throughout the beginning of this year, many traditional financial institutions have been forced to one conclusion: cryptocurrency is here to stay. Even if your institution doesn’t plan to deal directly in the space, the need to be knowledgeable about it is becoming an increasing imperative. But it’s a complicated subject – a crowded … [Read more...] about Banks Increasingly Need Crypto Literacy
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New Charter Law Could Make Illinois a Crypto Leader
Illinois FinTechs may soon have a new opportunity to provide safekeeping of digital assets such as cryptocurrencies, in a move that would make the state only the second in the nation to offer this authority to applying companies. A new charter for these “special purpose trust” companies got one step closer to passage through the state legislature Tuesday, with the Illinois … [Read more...] about New Charter Law Could Make Illinois a Crypto Leader
Blockchain Adoption Accelerates Across Finance
Adoption of blockchain technology continues to accelerate into 2021, driven in part by cryptocurrencies like bitcoin, but increasingly by investments across a wide range of financial services for a variety of use cases. According to the recently released Blockchain Technology Market Size report from Grandview Research, the blockchain market was valued at $3.67 billion for … [Read more...] about Blockchain Adoption Accelerates Across Finance
How Can Banks Achieve Hyperautomation?
As financial institutions continue the push for digital transformation, the need to build efficiencies through automation is only growing – and the push into that next phase, what some are starting to call hyperautomation, is a big part of that. The concept is relatively simple: it’s the end goal of digital transformation, that point at which transactions have been automated … [Read more...] about How Can Banks Achieve Hyperautomation?
Innovation and Regulation: Building Better International Payments
International trade and commerce are a major piece of the payments industry, with volume only increasing year over year as digital options further connect the globe – and yet, many of the systems that businesses and retail consumers alike rely on to make these payments remain too slow, too complex, and expensive. There’s a growing need to fundamentally rethink the payments … [Read more...] about Innovation and Regulation: Building Better International Payments
An Approaching Crisis in Consumer Lending
The past year’s been tumultuous for consumer loans – while almost every sector of the economy has been impacted in some way, federal moratoria on foreclosures and evictions in combination with mortgage forbearances have put a huge piece of consumer loan servicing on an indefinite hold, as deadlines have shifted from initial positions at the end of February to the end of June, … [Read more...] about An Approaching Crisis in Consumer Lending