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Fintech News
No more banking branches
Numerous banks around the world have been closing their branches in low-income areas. In the US, this trend was followed even such giants as J.P. Morgan, Wells Fargo and Bank…
Facebook – the world’s central bank
Recently, Lance Ng has published an article on Medium talking about Facebook’s plans to become the world’s central bank. The issue mainly relates to the New York Times publication that…
Cloud Banking: the Driver of Digital Innovation
Digitalization continues to increasingly conquer the financial sector and is gladly welcomed by bank customers, especially the younger generations. For instance, Generation Z only knows how to function in a…
Collaboration as the Core of Future Open Banking
As it is assumed within the open banking framework, traditional banks are projected to initiate a new wave of fintech innovation by authorizing different external parties to connect securely with…
SWIFT Chief Announcement: Trial DLT Integration With R3
As recently announced, the global banking payments network SWIFT is entering the phase of testing its GPI payments standard through R3’s Corda platform. The CEO of SWIFT, Gottfried Leibbrandt, has…
Banking-as-a-Service: Changing the Industry
It is not a secret to anyone following the events in the financial world that transaction banking is consistently vanishing, being replaced by modern and innovative financial tools. We have…