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?
FinTech Trends
Why Institutional Investors are Turning to FinTech
FinTech is entering a third phase focusing on B2B and enterprise SaaS technologies. Following the development of consumer-based payment and small-business focused lending solutions, institutional investors are embracing FinTech solutions. They are both investing in FinTech and adopting technology and innovation in their day-to-day business, according to panelists at the 6th … [Read more...] about Why Institutional Investors are Turning to FinTech
Local FinTech Deals
Just as all politics is local, all business is ultimately local. National and international media tend to cover the large local companies, which tend to get identified with their country of origin. PayPal is American. Ant Group is Chinese. Wise is British. Klarna is Swedish. Yet the FinTech revolution is going local, as reflected in the following selection of FinTech deals … [Read more...] about Local FinTech Deals
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?
The Changing Face of Bitcoin
Note: On Tuesday morning 2/16, Bloomberg reports that bitcoin reached a new record price, breaking $50,000, as institutional investors continue to buy in. Bitcoin continues to capture headlines, as summarized by CoinDesk. As its price gains continued on news that Elon Musk purchased $1.5 billion worth of the cryptoasset for Tesla, several mainstream financial organizations … [Read more...] about The Changing Face of Bitcoin