Announcements & Releases for February 15, 2019
Remine Raises $30M in Series A Funding Bank of England FMI Annual Report: The Growth of Fintech Continues to Have ...
JP Morgan Creates Digital Token for Payments
The news marks the first time a major US bank has created a cryptocurrency; the bank plans to start trials in a few months ...
Big Banks Providing Funding for CommonBond
CommonBond is receiving $750 million in lending capacity from Barclays, BMO, Citibank, Goldman Sachs and ING; CEO David Klein commented that the funds will allow ...
Key Lessons Banks Can Learn from Uber and Amazon
As financial services continues to become more digital there are a number of lessons they can take from leading companies like Amazon and Uber; ...
Senators Eye Legislative Action for Data Breaches
Top Senators on the Senate Banking Committee have asked stakeholders to provide information on breaches so they can consider legislative action; “Given the exponential ...
Wealthfront Launching High-Yield Savings Account
The robo-advisor is expanding their product offering to savings accounts which is a common theme these days; clients can open up a savings account ...
UBS Plans to Add 500 Robots as they Drive Down Manual Processes
UBS has been ramping up their use of robots to help reduce manual processes; the bank started at 50 in 2016 and plans to ...
Supply Chain Vendor Risk Continues to be a Growing Problem
The recent exposure of more than 24 million mortgage documents has brought to light an issue that has plagued financial services; third and fourth ...
What Does the Future Mix of Banks Look Like in the US?
Back in the late 1990s and early 2000s there was discussion about consolidation of banks creating a barbell effect, a handful of extremely large banks ...
The Future of Banking Will be a Mix of Old with New
Banking is continuing to evolve and there has been a trend to talk about how the challenger banks will take over the market; what ...