A new survey by Promotory Interfinancial Network of 543 senior bank executives showed that their number one fear is the...
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Senate Committee remained unconvinced by Greg Becker's apology citing multiple warnings and increased paychecks as risks mounted.
Swift says that blockchain technology is not yet ready to handle the billions in daily cross border bank payments; they recently completed a proof of concept test to reconcile international payments between 34 banks; they said the test went well but that progress was still needed before they can trust the technology to handle the scale; the other aspect to consider is that the 11,000 thousand banks on the Swift system would still need to make upgrades to switch to blockchain based payments. Source.
International payments network Swift has created their alternative to blockchain which they believe is a better, more reliable solution; global...
Messaging app Symphony will be integrated into OpenFin’s platform in hopes of creating a competitor to Bloomberg; “By enabling Symphony to run on the OpenFin operating system, we are making it easy for our mutual customers to unify the Symphony desktop experience with their other OpenFin-based apps," Mazy Dar, chief executive of OpenFin, said as reported by Business Insider; with the integration they are hoping to create a lower cost product and eat into some of the dominance that Bloomberg has over the market. Source.
Fresh off a new round of funding led by Andreessen Horowitz Synapse CEO sat down with American Banker to discuss...
According to Business Insider, fintech startup Synapse is laying off as many as 63 people or more than half of...
Digital banking fintech Synapse burst onto the scene in the last few years and is reportedly suffering from some serious...
T-Mobile is officially getting into banking with a big nationwide push to sign up customers for no-fee checking accounts; you...
The merger trend in the payments space continues with the $21.5bn deal between Global Payments and TSYS; American Banker takes...