Digital banking startup Chime saw a big boost last week after Wells Fargo reported an outage where customers could not...
Chime CEO Chris Britt said the digital bank has surpassed 4 million customers, up from 1 million at this time...
On the heels of the Ant Financial IPO news earlier this week leading Chinese online wealth management platform Lufax is...
Last August U.S. lawmakers passed the National Defense Authorization Act which was designed in part to stem Chinese acquisitions of...
According to Visa 96 percent of U.S. payment volume took place on chip cards, with the large majority being chip and signature cards; starting next month major card brands will look to move customers to the chip and PIN cards that have been widely adopted across Europe; Merchants will be able to turn cell phones into terminals instead of buying expensive POS terminals with pin pads; wide adoption will take time as smaller retailers might not see the benefits as quickly and large retailers have invested a lot in the current technology. Source.
Chris Larsen, Ripple’s co-founder and executive chairman is benefiting from Ripple’s (XRP) recent rise; CNBC reports that his net worth climbed to $59.9 billion yesterday, at least on paper; this puts him high on the Forbes 400 list, just head of Larry Ellison; Larsen owns 5.19 billion of the digital currency and has a 17% stake in the company; he was previously a founder of Prosper. Source
Skinner revisits the predictions he made at the beginning of 2017; he discusses the rise of insurtech, regtech, PSD2, blockchain and more in his blog post. Source
CIOs from regional and community banks around the country are focused on helping employees transition to working from home; yet...
The project will help to connect multiple digital wallets to process money transactions; they say this will allow different currencies to flow through wallets like HTTPS, SMTP and SIP information goes between web browsers according to Banking Technology; this would allow an individual making a payment through WeChat to send money to a friend who uses PayPal. Source.