With the overexcitement of blockchain technology beginning to quiet down to talk of more practical use cases of the technology, some industry analysts are betting on a few ways distributed ledgers can transform the market. Some argue trade finance and smart contracts will be the...
Large corporate banks have the resources to collaborate with — or even acquire — FinTech disruptors or to develop their own innovations in-house. Community banks, meanwhile, may struggle to compete, while the speed of innovation continues to accelerate. Late last week, a group of community...
Do small and medium-sized businesses have their priorities straight? In some cases, research suggests, business owners are a bit misguided and possibly stuck in the past. Researchers last week found evidence that SMEs remain committed to growth and value their relationships with traditional banks. However, when...
ATB Financial just completed the sending of a payment from its home base of Canada to a bank in Germany in 20 seconds via blockchain. Admittedly, most consumers, says SAP Senior Principal of Financial Services Kris Hansen, would simply shrug at this accomplishment. But, he...
May 02, 2016
While the depth and breadth of the FinTech revolution are no surprise to those of us with a front row seat to the disruption of the traditional banking landscape, CBS’ “60 Minutes” took the revolution mainstream on Sunday (May 1). The program took a look into the young entrepreneurs, or “FinTechies” as the reporter called them, […]
