clients about starting a crypto trading desk; no plans are set yet but the bank is talking to clients, including institutional clients, about opening the desk as more banks explore the emerging market. Source.
Monzo has become the first bank to offers its customers a free credit score service; starting in March the UK...
Apple announced more details about their card partnership with Goldman Sachs yesterday and the news provided a number of interesting...
Banks are seeing some good early signs in repayments with a significant number of borrowers committing to restart normal payment...
Quantum computing has the potential to dramatically affect banking in the coming years, especially from a cybersecurity standpoint; banks like...
The UK Financial Conduct Authority has granted Coinbase an E-Money License; Barclays is also allowing Coinbase to access the UK’s Faster Payments Scheme which is the core payment infrastructure in the UK; Coinbase’s Zeeshan Feroz stated, “There is no other exchange today that has access to domestic banking. UK consumers today have to jump through all sorts of hoops around sending money to European accounts using euros in order to get money in and out." Source
Speaking on a panel at the annual meeting of the Institute of International Finance in Washington, CEO Jes Staley stated, “There are some tectonic shifts going on, driven by tech and the geopolitical environment…All the banks are very focused on the payments space. That may be where the battleground of finance is fought over the next 15 years.”; cybersecurity is also a top concern for financial firms and the co-head of Deutsche Bank AG’s corporate and investment bank expressed concerns on whether regulators are holding fintech firms to the same regulatory standards. Source
Pindrop’s Vijay Balasubramaniyan on how top bank call centers are navigating the COVID crisis The Timing Of Apple’s QR Code...
Chris Skinner writes about the state of small business financing today and how alternative lenders are getting serious traction; companies...
Millennials are one of the largest target markets for digital only banks as they attempt to cut into the dominant...