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The private equity firm GTCR is interested in fintech companies looking to disrupt the status quo, so long as they have proved themselves and are paired with managers who have a long track record of success.

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Banks need to improve their use of technology designed for small-business customers soon, or risk losing them.
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Nearly all publicly traded equities and a majority of bonds are owned not by the investors themselves but by a little-known entity called Cede & Co. This attenuation of property rights creates systemic risk, but an effort is underway to transform the system.

One of the ostensible selling points of blockchain technology is its potential to bring greater transparency to financial markets. But this feature has turned out to be a bug for the institutions that would use the technology.

B of A says customers are becoming inundated with wallet options, so they are holding out on building their own.

The decision throws out the anti-money laundering charges against Michell Espinoza, who was arrested after agreeing to sell $30,000 to an undercover detective who declared he would use it in an illegal credit card scheme.

Several core processing vendors with mobile-age platforms have sprung up in the past year. Making a lasting mark in a field dominated by entrenched vendors will take time.
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Of the 10 fintech startups that pitched their wares at startupbootcamp FinTech New York on Wednesday, half plan to sell their software to banks. Only a few vie to take on established players.

The bank is using software "robots" — 30 of them, according to its CEO — to cut costs and shift workers to more fulfilling work.

Amalgamated Bank and Banco Popular, financial institutions with niche appeal, are rolling out national online platforms, calling into question what it means to be a community bank today.
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A certification process can provide participants in smart contracts with greater assurances they won't lose their money (see: the DAO). But in distributed systems, the true test of security comes when software is released into the wild.
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Disruptors
Many times, bitter rivals must set aside their differences for the common good. This has happened a lot in recent years as the payments industry adjusts to the fast pace of innovation.  read more »
8 Things Apple Pay Left Out

Apple's long-anticipated move into mobile payments seemed to cover all the bases -- Apple Pay will launch with the support of major banks, card networks and retailers. But there were several things that didn't make it into the first version of its mobile wallet.

(Image: Bloomberg News)