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Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits
22.10.2019
In a normal world savers are expected to receive compensation for giving their money to the bank. Instead, due to negative interest rates, we are now seeing more financial institutions actually charging their clients for fiat cash deposits, with Credit Suisse the latest big bank to join in on this...
Bankers Start to Recognize Bitcoin’s Role in Financial Evolution
29.9.2019
Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that...
McAfee Hints Institutional Money Won’t Bring Bitcoin Revolution
25.9.2019
In a tweet posted Monday, September 23, Libertarian presidential candidate and crypto rebel John McAfee wrote: “BAKKT goes live today. It is institutionalized and monitored … if you are “initiated” into crypto, then you certainly won’t use it and will spend time luring...
Swiss Banks Team With Fintechs to Enter the Crypto Space
25.9.2019
Multiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies. It’s all happening in a regulated environment, generally friendly towards...
Crypto Facilitates Money Transfer for Restricted China
14.9.2019
Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in...
ECB: Stablecoins Could be Rendered Useless by Financial Institutions
30.8.2019
Euro symbol in front of the European Central Bank in Frankfurt, Germany. If financial institutions were to use DLT (distributed ledger technology) to record traditional assets, such as commercial bank money and regulated electronic money, stablecoins could be rendered redundant, claims the paper...
Initiative to Curtail Negative Interest Rates Gains Traction in Germany
24.8.2019
Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden on to their customers. Some political factions in Germany, however, aren’t happy with the trend...
Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be Bankers?
1.7.2019
Growth is a goal that’s worth achieving, in most cases, and the current economic paradigm favors it. But when central banks start undermining their fiat economies and crypto companies begin to mimic financial institutions in its name, growth becomes an end in itself with self-destructive...
FATF Releases Global Standards for Crypto Assets
22.6.2019
The Financial Action Task Force adopted its new rules on crypto assets and published its updated Guidance on Virtual Assets and Virtual Asset Service Providers Friday. Under these new measures, crypto service providers will be required to implement the same requirements as traditional financial...
Digital Automation via AI and RPA in Financial Institutions Held on June 19th to 21st in Atlanta
15.5.2019
Marcus Evans is organizing the Digital Automation via AI and RPA in Financial Institutions Conference on June 19th to 21st in Atlanta. This premier GFMI conference takes a strategic look at how financial institutions can automate their processes through RPA, AI and IPA to streamline their...
Blockchain FinTech Start-up Ethos Bedrock Growing Rapidly, Cardano (ADA) To Be Added Soon
10.5.2019
Among all the traditional business adopting blockchain, financial institutions are at most forward. Giants like Bank of America, HSBC, JPMorgan, etc. have embraced the innovative tech. However, interoperability among financial institutions has still not been achieved on a large scale. Going...