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.
Built in Chicago recently put out its feature on the 50 rising startups to watch in the Chicago area. The stand-out FinTech crowd to watch for this year include: Aeropay, a payment platform that allows customers to pay local businesses via a secure networked transaction - bypassing standard credit card processing fees. Businesses on the platform pay less than 1% in fees, … [Read more...] about Built in Chicago Shines Spotlight on Rising FinTech Startups in 2019
THE WEEK IN FINTECH 01-24-2017 "Changing consumer preferences and behaviors are focused on ease of use, convenience, and immediacy of payment that can be obtained through the mobile channel," reports the Federal Reserve Bank of Boston in its most recent mobile payments study. Yet the mobile experience in the mainstream of U.S. commerce hardly meets that ideal. "Mobile … [Read more...] about The Mobile Mainstream
This week, the banking drama unfolds in three acts: I. Payments Possibilities II. Regulatory Ruminations III. Lending Lessons I. Top 10 trends in retail payments Today's digital culture is changing payments faster than any area of financial services, reports Jim Marous in The Financial Brand. Although payment usage remains relatively stable, the means of making … [Read more...] about The Banking Drama
FINTECH ARTICLES OF THE WEEK 08/31/17 More than 50 people showed up on a lovely late-summer Chicago evening to listen to me and two panelists from the Federal Reserve Bank of Chicago talk about “Mobile Payments: Looking Back, Looking Forward.” We were thrilled at the turnout, as was co-sponsor FinTank. In the first of what will be an ongoing series, participants got a sense … [Read more...] about Mobile Payments Past and Future
FINTECH ARTICLES OF THE WEEK 09/10/16 I am generally gung-ho on banks and their need to embrace FinTech partners and on the need for FinTech firms to build the systems that can help smaller banks compete. The record, yet rather paltry, $185 million fine levied on Wells Fargo for fraudulently opening accounts to meet sales targets gives some support to that thesis, even though … [Read more...] about Backing Banking?