Financial Services Industry

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Facebook’s cryptocurrency ratchets up pressure on banks, but has big risks

While Facebook's Libra coin has the potential to disrupt traditional commercial banking by removing the middleman between buyers, sellers and money transfers, it also comes with significant risks.

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Facebook is going into the banking business with blockchain

The social media powerhouse plans to launch a blockchain-based financial network and cryptocurrency in 2020 that will allow users to make purchases or transfer funds with just a couple taps on an app.

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Apple may be prepping to turn your iPhone into a crypto wallet

Apple's CryptoKit is likely the first step in enabling the exchange of private and public keys that will unlock the ability to make purchases using bitcoin and other cryptocurrencies on stored on your iPhone.

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For real estate, blockchain could unshackle investment

A special interest group with the Enterprise Ethereum Alliance is detailing opportunities and offering examples of how blockchain can create new real estate markets.

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Financial firms bank on A.I. as pilot projects head to production

While AI is a buzzword in financial services, companies must be sure of a business use case even before putting together an AI dev team.

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Enterprise Ethereum upgrades to boost interoperability, performance

New APIs will enable off-chain processing, standardized permissioning processes, and a new consensus algorithm – all aimed at helping programmers build blockchains for business use.

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Microsoft touts its first managed blockchain service: JPMorgan’s Quorum

Microsoft's first fully managed blockchain suite based on JPMorgan's Quorum enterprise ledger will offer automatic software updates and key governance tools, along with the ability to build smart contracts.

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Coming soon: A token taxonomy to define the world of blockchain

The Enterprise Ethereum Alliance is calling on businesses to collaborate on standards that describe digital currencies and other assets for business use so they work across platforms, regardless of the type of blockchain involved.

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What's a crypto wallet (and how does it manage digital currency)?

Cryptocurrency wallets store secret keys used to digitally sign transactions for blockchain distributed ledgers, but their future goes far beyond being just a keeper of cryptocurrencies. They could one day represent your professional...

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Tax and finance execs show interest in blockchain, but see hurdles to adoption

Blockchain has the potential to eliminate routine tasks for finance and tax teams, but most back-office executives aren't even considering the technology, according to a KPMG survey.

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With its Apple Card, Apple edges further into financial services

Apple's new credit card threatens to cut out some of the financial services middlemen, though for now it's still tied to a bank and credit card issuer. That could change, however, giving users even greater benefits in the future.

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Apple pushes further into financial services with its card | TECH(talk)

It already had the Apple Wallet, then Apple Pay. And coming this summer is the Apple Card, a credit card that could help Apple tie itself even tighter to the financial services industry – and to its customers.

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Apple Card just defined right and wrong in FinTech

With the rollout of its own credit card, Apple just redefined what's right and what's wrong in the financial services business and is making a consumer-friendly stand.

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How blockchain is becoming the 5G of the payment industry

New blockchain-based financial networks like the one launched by IBM last week will enable faster and more transparent cross-border payments and eventually become the platform for retail and other consumer transactions.

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Facebook’s blockchain cryptocurrency could mean big money – and kill 'fake news'

Blockchain would enable Facebook users to make PayPal-like purchases of advertised products and authenticate people posting on the site, effectively creating an audit trail and confirming they're not bots.

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IBM launches global blockchain-based payments network

IBM has launched a global blockchain network for cross-border payments that will use both stable coin backed by U.S. dollars and cryptocurrency to make near real-time cross border financial transactions.

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Blockchain marches steadily into global financial transaction networks

SWIFT, which runs the world's largest payments messaging network, announced plans to test blockchain as a method of allowing shareholders of financial services clients to cast votes electronically.

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Global blockchain spending to hit $12.4B by 2022; finance sector leads growth

Blockchain spending is now expected to reach $12.4 billion within three years, according to IDC, with the U.S. spending more on the distributed ledger technology than any other region of the world.

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