Noelle Acheson points out that, while banks are unlikely to issue stablecoins, the related businesses they are likely to end up offering could set the stage for a transformation of their relationship with their clients.Adobe Stock Over the past few months, several U.S. banks have either hinted or said outright that they are looking into
As banking customers’ expectations for digital experiences rise and fintech competition grows, the cloud has become essential to staying relevant. But in the rush to modernize, many banks are overlooking a growing risk: cloud concentration, write Vikrant Rai and Graham Tasman. Adobe Stock Banking’s relationship with cloud computing has shifted dramatically. What started as cautious
The benefits of open banking are obvious and significant for consumers — especially those underserved by the current marketplace. Bankers and regulators should work to speed up its implementation, write Horacio Mendez, of the Woodstock Institute, and Phil Goldfeder, of the American Fintech Council.Adobe Stock It is common in the U.S. for consumers to scroll
Prometeo, a Latin American fintech, has launched what it calls “borderless banking” for business-to-business payments between the U.S. and Latin American countries. According to the company, Prometeo has developed middleware that integrates U.S. and Latin American financial infrastructures through a single application programming interface. Users can access local accounts to receive payments, automate collections, and