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Distributed Ledgers Expected to be Most Prominent Financial Technology in 2019, Poll Finds

Bank Innovation

Distributed ledger technology will be crucial to innovation in digital banking this year, according to a poll conducted by Bank Innovation. For the December poll, Bank Innovation asked readers to name a technology, aside from the obvious - artificial intelligence, that would be most prominent in 2019.

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Ant Financial’s Strategy for AI, Blockchain, Cybersecurity and more

Chris Skinner

I’ve been flying around a bit and was lucky enough to find myself onstage the other day, chairing the Ant Financial Technology Forum at Money20/20 Singapore.

Strategy 290
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OCC’s New Office of Financial Technology Portends Increased Supervisory Activity

CFPB Monitor

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

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Why FinTech start-ups think they can beat the banks

Chris Skinner

The pedestrian replies: “oh, if you want to get there, I wouldn’t start from here”, and this is exactly how banks feel today. They want to get to the nirvana of new technologies, but are stuck in a spaghetti of old systems. It is almost like banking in an apps store.

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Use Technology Vision for Banking as a guide to bolster traditional banking, before it’s too late

Accenture

Storm clouds are gathering over the banking industry in the form of a fragmenting value chain, rapid migration to digital channels, encroaching financial technology firms, and open banking regulations. As human interactions become rarer in banking, the importance of each one going well increases.

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FinTech Revolut’s Losses Triple As Customer Base Grows

PYMNTS

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The company posted a total loss of $139.6 million (£106.5

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An interview with Tom Blomfield, co-founder of Monzo

Chris Skinner

After studying law at Oxford, he went back to business and is now Co-Founder and CEO of digital bank Monzo. And it gave me this grounding in how money works, how FinTech, financial technology works, and sort of, how money moves around the world…I worked for a dating website for a year, after I left GoCardless, which was amazing fun.

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