This week’s fintech picks feature a new lab in London, a new tech garage in San Francisco, tips before diving headfirst into a data lake and more!
UBS to Open Blockchain Research Lab in London
The lab will consist of 12 desks at Fintech accelerator space Level 39, which is a hub for financial technology startups. Oliver Bussmann, group chief information officer, said about [...Continue Reading]
Each week, we will be sharing five fintech-related articles that we find interesting. Take a look at the following picks that explore the digital revolution, how to attain the customer interface, Big Data and more. Dig in!
British Banking Association: Bitcoin is a Real Threat to Banks
According to a new report from the British Banking Association, cryptocurrencies continue to threaten revenue streams of [...Continue Reading]
The financial services industry is in the nascent phase of digital transformation. The industry that gave rise to the use of electronic computing in business enters its next stage of technological evolution.
We call our industry briefing “FinTech Rising” to emphasize the growing global traction and innovation in financial technology, the acceleration of the transition from the initial electronic financial technology systems to their digital FinTech cousins.
For the 30 years I have been involved as a marketer and journalist in the financial industry, banks have remained secure in their position in payments, despite warnings to the contrary. Existing payments systems and reserve currencies may be safe from a future of bitcoins and RMBs for now.
Yet technologies that can lower costs and increase competition by making business connections more direct win in the long run.
The legitimation of digital money accelerated with a push on the gas pedal by the U.S. Federal Reserve. The Fed’s highly anticipated paper paper Strategies for Improving the U.S. Payment System, provides a surprise and more of the same for business people interested in the development of a faster and more efficient system in the United States for making domestic and international payments.
Without [...Continue Reading]
FinTech is a term commonly used within the banking, finance, and technologies industries to describe the literal business of the companies that develop software, run networks, and integrate systems in banking, payments, trading, and beyond. It’s a large and lucrative sector—and in a literal sense, the earliest business to become automated through computing technologies.
These days, however, financial technology—often designated with the less formal [...Continue Reading]
Three developments indicating the future of money, finance, and payments
The year began with an emphasis on the acceleration of digital, mobile payments and ended with the introduction of Apple Pay leading the way. Yet in between my market research and industry reporting have led me to look at the coming year in terms of three developments and the long-term shift they portend for [...Continue Reading]
Cyrptocurrency has been a recent focus in the financial world. To play our part, we hosted a successful launch of the Chicago FinTech Forum by “The Rise and Rise of Bitcoin”, which gives a complete history of bitcoin, from its invention, early adoption, trading volatility, and regulatory acceptance (sort of). We live in a highly regulated financial environment, which makes it difficult for unregulated [...Continue Reading]