Posts Tagged ‘banks’
Blockchain Job Creation

Banks And Tech Companies Prepare For Huge Blockchain Job Market

by JP Buntinxon September 4, 2016
Most people automatically assume blockchain technology and cryptocurrency will result in job losses. While it is true a good amount of processes can be automated, there will be newer jobs on the horizon. In fact, most of the major US banks are scrambling to increase their staff. That is, assuming they have some affinity with […]
Digital Strategy Mobile

Financial Institutions Need To Have A Mobile Strategy

by JP Buntinxon June 22, 2016
The mobile ecosystem remains the focus of attention for most of the Fintech startups in existence today. Committing to this new platform is more of a gamble than most companies think it is, though. Bank of America, of all institutions, is very open about their mobile strategy. Big data will play a fundamental role in […]
Fintechist_CAD-Coin Bitcoin DLT

CAD-Coin Could Become Canada’s Answer To Bitcoin

by JP Buntinxon June 18, 2016
Various financial institutions around the world are working on grasping blockchain technology and what it can do. The Bank of Canada is working on issuing their own digital currency. Unlike Bitcoin and other types of cryptocurrency, CAD-Coin will be centralized and controlled. This project is a collaboration between Canadian banks and the R3 blockchain consortium. […]

Fintechist_Future of Banking Artificial Intelligence Blockchain

Banks Are Turning Towards Blockchain And Artificial Intelligence

by JP Buntinxon June 6, 2016
Financial institutions all over the world are keeping a close eye on financial innovation these days. Blockchain technology and artificial intelligence both seem to be gaining importance. However, neither solution is cheap, and the price tag could be a significant entry barrier for a lot of players. Artificial intelligence has been referred to as a […]
Fintechist_Bank Revenues PSD2

UK Banks Stand To Lose 43% of Retail Payment Revenue By 2018

by JP Buntinxon May 16, 2016
Innovation and advancements in the financial sector are not always a good thing, although that heavily depends on how the changes are implemented. The revised Payment Service Directive in the United Kingdom could lead to banks losing 43% of their retail payment-based revenue. UK Banks Could Be In A Revenue Pickle Depending on which side […]
Fintechist_Banks Innovation Fintech

Unwillingness To Innovate Will Cost Banks Dearly

by JP Buntinxon April 9, 2016
There is no sign of reprieve for struggling banks around the world, especially in the United States. However, the expected losses could be the nudge these bankers need to get the ball rolling again and come up with ways to help the stock market bounce back. Also read: Can Fintech Companies Address Email Wire Fraud […]