What you need to know: Although established banks were fearful of disruptions in the past, banks and even Wall Street are already embracing fintech because it increases their net profits and reduces their complexities yearly. In addition, fintech is evolving so...
What you need to know: In the future, central banks will have to use the blockchain-type system, which removes inefficiencies, and provides oversight and control. Private Banks can be participants in the blockchain. Physical remittance centers will also accept Bitcoin...
Numerous articles are currently being published about Banking as a Service (BAAS) and Application Programming Interfaces (APIs), and how the banking industry will be transformed. However, it is very easy to get lost in jargon, excessive IT talk and comments about the...