Monaize, an e-banking platform for freelancers and small businesses and Komodo, a top 30 cryptocurrency project met at Money 20/20 in June 2017 and forged a partnership. Their joint vision is to bridge banking Blockchain and help cryptocurrencies achieve mainstream adoption. Source: Banking Meets Blockchain
Various banks have been on a patents filing spree this year, with Bank of America filing the most number of patents so far. Source: American Express Files Patent on Blockchain-Based Personalized Customer Rewards System
Because of its disruptive nature, Bitcoin and other cryptocurrencies sit very uneasily with the traditional banking sector as there is a fear the digital currency could render them obsolete. The UK boasts about its relative dominance in the fintech sector, but its own banks are making life difficult for the country’s bitcoin businesses. Source: Bitcoin […]
Sales of digital tokens like Tezos coins have concerned regulators and become a sign for some investors of a bubble in the cryptocurrency world. One of the year’s biggest initial coin offerings, a $232 million token sale by Tezos, is embroiled in a management fight that is threatening the deal and highlighting the risks in this red-hot […]
Launching a fintech sandbox can help states promote investment, job growth and innovative products. States must recognize how their patchwork of different regimes stifles innovation, but they also have an opportunity to help maintain U.S. competitiveness in the global fintech marketplace. Source: Regulatory sandboxes can help states advance fintech | American Banker
First Tennessee ditched its multiple vendor relationships to revamp both online and mobile with D3 Banking, a relatively new entrant in the banking technology space; it was founded in 2008. First Tennessee took a leap of faith to hire a young digital services company for its overhaul of mobile and online operations, and it says […]
Episode 6 – Why Do Central Bank Hate Bitcoin Based Remittance If you are in the business of money transfer using bitcoin, you might want to give this a listen. It very briefly explains what central banks look for in remittances and why is it that they don’t like bitcoin based remittances.
Episode 5 – Money Transmitter License Agent If you are trying to be an agent of someone else’s money transmitter license, you might want to know about this.