There is a lot of talk about all of the different ways blockchain technology can impact financial services; the Financial Times sat down with bankers, consultants, and analysts to come up with five areas where we are likely to see the most impact; categories include clearing and settlement, payments, trade finance, identity and syndicated loans. Source
A study of around 15,000 consumers in 15 different countries by Dutch bank ING found that the British are wary...
The new express branches are meant to help customers with routine transactions like withdrawals and deposits; customers looking for further advice or a loan would be able to connect via videoconference or go to a typical branch; they are looking to serve millennials in a more efficient way and allow them to access bankers and wealth managers through a digital experience using iPads; removing some of the human intensive areas of the bank and making it more self serve will cut down on costs and help to serve the younger, digital customers. Source.
Today, Cross River Bank (CRB), one of the leading banks supporting marketplace lending platforms, has announced they have closed a significant...
BM Technologies, a BaaS fintech that went public through a SPAC announced they plan to buy First Sound Bank, a community bank from Seattle.
Article shares the participants in the major consortia and networks; discusses the advantages to blockchain technology in banking and what banks need to keep in mind when looking at implementing the technology. Source
CIOs from regional and community banks around the country are focused on helping employees transition to working from home; yet...
Soul Htite (seated in the center in the above photo) is a very brave entrepreneur that has done something remarkable...
Oliver Wyman’s new report, Beyond Restructuring: The New Agenda - European Banking 2017, points out that banks have recovered from the crisis but face digital headwinds; for the most part banks have restructured into a new regulatory environment with more capital and smaller balance sheets; but they now they face digital challenges from fintechs and customers looking for better experiences. Source.