Remove cryptocurrency Remove Financial Technology Remove Lending
article thumbnail

The Impact of Technology on Banking: Revolution or Evolution?

Bank Innovation

All that is changing due to emerging technologies. The banking industry is facing many unprecedented challenges due to the rise of financial technology companies. For quite a long time, traditional brick and mortar banks only had to worry about making money and being profitable.

article thumbnail

Bitcoin Daily: Bank Of Canada Tests DLT; Crypto Startup Uphold Gets Into Loans

PYMNTS

In a statement, Bank of Canada’s Senior Special Director of Financial Technology Scott Hendry said, “[Distributed ledger technology (DLT)] is a promising technology that has the potential to reduce costs for participants and open new opportunities.

Bitcoin 191
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Digital Currency Eyes Wholesale — Not Retail — Payments Down Under

PYMNTS

In the event that there was significant ongoing demand by households for CBDC, the implication would be … a fall in commercial bank deposits, and a reduction in the availability of funds for lending to households and businesses.”.

Retail 219
article thumbnail

SMB Challenger Banks A Hot Spot With VCs

PYMNTS

Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations. Open Financial Technologies. India’s Open Financial Technologies raised $4.6 Chainalysis also plans to open an office in the U.K

Capital 122
article thumbnail

Democratic Congressman Bill Foster seeks chairmanship of House Financial Services Committee Fintech taskforce

CFPB Monitor

Democratic Congressman Bill Foster, who represents the 11th District of Illinois, has sent a letter to Maxine Waters, Democratic Chairwoman of the House Financial Services Committee, to express his “strong interest in serving as the Chair of the Taskforce on Financial Technology and Innovation that will be convened in the coming weeks.”

Fintech 68
article thumbnail

Trends Driving the Financial Services Industry in 2019

Jack Henry

With rapid-fire changes in how we invest, borrow and save; how financial institutions control risk; and how financial institutions (FIs) analyze data and control lending, the financial technology, or fintech, market is bringing significant disruption to the $8.5 financial services industry. trillion U.S.

article thumbnail

Ballard Spahr creates cross-disciplinary fintech team

CFPB Monitor

As readers of our blog know, our consumer financial services group has been at the forefront of legal developments involving new technologies. Our Banking and Financial Services and Retail industry groups add further depth and specialized knowledge.

Fintech 60