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When you centralize a blockchain, you lose much of its inherent value. Acting Comptroller Michael Hsu's support for centralized tokenization betrays a misunderstanding of the value of decentralization.
January 3Lumida Wealth Management -
Brighton Bank entered a consent agreement with the regulator regarding violations of anti-money-laundering laws.
January 2 -
Eugene Ludwig, former Comptroller of the Currency and current co-founder of Canapi Ventures, a fintech VC, reflects on how 2023 treated fintechs, how far the fintech movement has come and what banks and their regulators need to look out for in 2024.
January 2 -
The fintech revolution has been more successful at working with banks than at trying to replace them, points out Gene Ludwig, former Comptroller of the Currency, chair of the Ludwig Institute for Shared Economic Prosperity, and co-founder of Canapi Ventures. Those with "must have" products will fare far better in 2024 than those with "nice to have" tools, he says.
January 2 -
Projects are underway at a number of payment firms including PayPal, Circle and Ripple. Location and regulation will also play a big role in what the market looks like in the next year.
December 29 - AB - Technology
Readers clicked most on stories about what companies like Ally Bank and JPMorgan Chase are doing with artificial intelligence.
December 27 -
Banks cannot shrug off the impact of sudden account closures as inevitable collateral damage involved in fighting money laundering.
December 27 -
Here is a highlight of 10 great American Banker Magazine features from the year. Topics range from redlining to the Most Influential Women in Fintech.
December 26 -
Arizent research shows that financial institutions will continue paying much closer attention to artificial intelligence next year.
December 22 -
The process allows artificial intelligence and machine learning to train on the data of many banks, without compromising customer privacy.
December 22Consilient