What is the current relationship like between banks and Bitcoin? It continues to ebb and flow. In March, Reuters reported one of the biggest Bitcoin exchanges struck a rare deal to allow it to open a bank account with Britain’s Barclays. This was intended to make it easier for UK customers of the exchange to [...]
How often do you pay with Bitcoin? What about Ether? Up until recently, Bitcoin has been the dominant digital currency. Ether may change that. Unlike traditional currencies, Bitcoin and Ether are tracked and maintained by a network of computers. Specifically, a separate, global computer network of volunteers hosts and maintains each currency (e.g., Ethereum is [...]
High-profile names in retail banking like Barclays and HSBC have already adopted biometric authentication in some form. So, how comfortable are you with banks using biometrics to confirm your identity? In Great Britain, they seem pretty comfortable. According to research from Visa, British consumers are nearly twice as likely to trust banks (60 percent) to [...]
Who or what are you using to help make your investing decisions…a human or computer program? Mark Andress and Troy Hooper point out in Forbes that sophisticated financial advice used to be just for the wealthy. But in the last couple of years, “robo advisors” – which use computer programs to make intelligent investing decisions [...]
How did the U.S. banking industry look in the first quarter of 2016? According to the Financial Times, the six biggest U.S. banks have suffered their steepest decline in quarterly revenues since 2011, after a profound slump on Wall Street overshadowed a boost from their consumer businesses. JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, [...]
Financial technology (fintech) companies are threatening banks on many fronts according to American Banker. While this is true, it is in peer-to-peer (P-to-P) payments that banks may be most at risk. Banks may not have much time to reverse this trend. The advantages they have are their legacy as well as the history and trust [...]
Online advertising for banks is no longer defined by Web banners and pop-ups. Marketing departments are also building campaigns on what Kelly Colbert, vice president of social media at US Bank, calls "experimental canvases" in a SearchCIO article. Examples of these canvases include social media sites like Pinterest, Vine and Instagram. Recently, US Bank teamed [...]
According to USA Today, a potential debt deal for Greece appeared to stumble yesterday as Greek Prime Minister Alexis Tsipras suggested that international creditors did not accept the latest round of reform proposals from Athens. Global markets, which have been gaining all week on expectations that a last-minute deal is likely, declined as a result [...]
While “Pony Express” may sound like a potential offering from Wells Fargo (or possibly another visual to go with its iconic stage coach), it is not a creation of this bank. In fact, it is a service that Google has in the works. According to the tech news website Re/code, Google is developing this service [...]
How well are banks doing at preventing another major financial calamity? According to Forbes, financial regulators have been establishing tighter rules based on Basel III standards to ensure the sustainability of global banks in the event that another economic disaster occurs in the future. Basel III standards came about as a result of the inadequate [...]