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
innovation
Digital Transformation Challenges Remain for Banks
The world of payments is going digital. That’s been a story for years, now – and one that took on a new urgency in the wake of a pandemic that demanded real changes to the ways banks do business. But for financial institutions to really achieve the kind of digital transformation that the times demand, they’re going to need more than a website or online balance … [Read more...] about Digital Transformation Challenges Remain for Banks
Bitcoin Gains Increasing Credibility
Bitcoin's captured media attention ever since its introduction a decade ago, and it's here again - setting new record prices multiple times over the past year, it's set for yet another rise following major investments in recent weeks. Bitcoin's rapid rises - and sometimes equally-rapid falls - are nothing new on their face, but this institutional attention is something that … [Read more...] about Bitcoin Gains Increasing Credibility
Banks Cautiously Optimistic for 2021
It doesn’t take special insight to note that 2020 was a tumultuous year for banks—along with the rest of the world—with the dramatic shift to digital and a heavy blow to projections across the board forcing financial institutions to reassess every aspect of how they do business. Now, looking forward to 2021, the banks are beginning to see challenges the new year will … [Read more...] about Banks Cautiously Optimistic for 2021
Building Faster Payments: From Conception to Reality
Selling the concept of faster payments, in many of the myriad forms they can take, isn’t difficult. Most of the industry players agree it’s overdue: the U.S. hasn’t had a new payments structure in over 40 years. Needless to say, achieving it is a huge undertaking; not only in building the technology but also in getting large-scale adoption, as it requires buy-in from every … [Read more...] about Building Faster Payments: From Conception to Reality
Digital Payments and Currencies in China. They’re Faster.
The following is a guest post from John Browning, founding partner of Hong Kong commodity and financial futures broker BANDS Financial. In reporting on the state of and statistics on the Chinese economy, Browning follows the development of a digital currency by China's central bank. See our post Constructing the Future of Money for an introduction. This post, an excerpt from … [Read more...] about Digital Payments and Currencies in China. They’re Faster.