PayThink

Banks' core ledger systems are a sclerotic holdover from the past. The future belongs to the banks that set them aside and allow transactions to close in real time.

Traditional banks ceded control of the fastest-growing segment of infrastructure finance — renewable energy — to private capital. The question now is whether they can reclaim some share of what's left over.

Goldman Sachs comes under fire for its commitment to diversity, and Jamie Dimon sounds like he's running for something.

Across Latin America, central bank-led instant payment networks have seen enormous growth. The next breakout market is Mexico. If bankers in the U.S. want to see the future of consumer payments, they should look south.

Consumer credit card balances are down, a sign consumers are pulling back on spending amid rising gas prices and the Iran war.

EWA programs benefit workers across the country, making it more likely that they will be able to avoid high-cost credit products like payday loans. Efforts to restrict them will harm consumers.

Prediction markets are a problem not just for banks, but also for banks' human resources departments; plus, the new Basel framework may end up recreating the environment it was intended to prevent.

As bitcoin plays an ever-larger role in cross-border transactions, what remains to be seen is how prepared the various bodies overseeing global finance are to engage with an asset that operates largely beyond their ability to meaningfully control it.

A former federal housing regulator warns that U.S. banks are not engaging with the real and growing risks that climate change is creating in their existing mortgage portfolios. The consequences of inaction could be punishing.

Quantum computers are one dire threat for cryptos, but public disinterest is a bigger one.