A full-scale, multiple central bank digital currency (mCBDC) network could potentially save global corporates up to $100 billion in transaction costs annually, according to a joint research report from Oliver Wyman and JPMorgan.
The report found that the traditional playbook of developing branches and building relationships may count "for little in a world where a mobile phone is the principal' real estate', and word-of-mouth – often via social media – becomes the most powerful form of validation."
The paper, published by the President's Working Group on Financial Markets, argued that regulation must address defi money laundering and terrorism financing to create broader investor protection.
On episode 25 I talk with Duy Vo of Productfy. Productfy is a fast and easy developer-first platform for any company to build, test, and launch financial products.
Powered by their $300-million fundraise over the summer, Fireblocks is looking to drive infrastructure efforts of digital banking and crypto companies as the industry is poised for explosive growth.
Klarna, one of the world's largest private fintech companies, unveiled its new super app today, consolidating its installment payment technology with shopping, product support, delivery and returns, according to a press release.
Accrue Savings is introducing a savings account that is tied to specific retailers, allowing customers to gradually accumulate the amount they need to buy an item and earn cash rewards for making progress toward their goals.
Filipino financial services provider Mynt has landed a $300 million investment round valuing the company at over $2 billion.
Goldman Sachs is to use technology from Digital Asset to build a tokenised asset infrastructure supporting trades across multiple asset classes on permissioned and public blockchains.
Acting Comptroller of the Currency Michael Hsu delivered a compelling speech today during a presentation at the American Fintech Council, Fintech Policy Summit. The AFC largely represents digital and neo-banks as well as non-bank lenders. Hsu recently spoke at a Blockchain Association event where he