BankThink

The Federal Reserve and other central banks deciding whether to compete with private cryptocurrencies should heed the financial stability risks, such as expanding the economic power of governments and altering longstanding payments models.

Mitsubishi UFJ Financial Group and Standard Chartered are among the likely bidders; less than 7% of the bank’s U.S. workforce are Black, and a little more than 3% are senior executives.

Banks face increasing competition from fintechs, third-party lenders and large technology companies as customer demands evolve, says Mastercard's Fabrizio Burlando.

he regulatory establishment in the U.S. and Europe, the DeFi market has too much momentum, contends blockchain investor Giamo Arcaro.

If passed, the Affordable Housing Credit Improvement Act introduced last week could spur development of 2 million rental units for low- and moderate-income households over the next decade.

European fans are angry that the U.S. bank is financing a new “Super League” of elite teams; Ameribor hopes to compete with the Fed’s Secured Overnight Financing Rate.

Modern payment processors using AI to interpret and analyze trends and point-of-spend data can detect fraud across ecommerce in real time and provide that knowledge onwards to the bank just as quickly, says Paymentology's Abe Smith.

The time has come for the payments industry to take a long, hard look at how we market and sell enhanced pricing programs, says Clearent's Phil Ricci.

The bank plans to hire more than 2,000 bankers and support staff as part of its wealth push; CEO Quinn is abolishing the bank’s executive floor in London, where honchos will share desks.

We’ve seen many companies embrace faster and easier payments systems, says Citizens' Matt Richardson.