Technology

Even with the world’s best known virtual currency down more than 50 percent from its record high, thousands of advocates are expected to descend upon New York in what’s been dubbed Blockchain Week.

From a refresher on basic payments terminology to the new battle of VHS vs. Betamax, here are some of the highlights from the recent Trellance conference in Fort Lauderdale.

Each year, 50,000 small and medium-sized businesses in the U.K. are forced under due to late payments. This is the net result of a culture where many large companies regularly make their suppliers wait far beyond agreed terms, before processing payment.

If an organization can’t evolve to create the level of customer experience expected, someone else will, writes Jay King, president of financial services for Alorica.

Marcus unit will start taking deposits in the U.K. next month; the bank uses the technology to complete a trade finance letter of credit for Cargill.

It's a race to the finish line that also affects U.S. companies with European customers. In these final moments, every company must at least show good faith in attempting to follow the law and having procedures and technology in place to do so.

Robotics and automatically triggered transactions will pressure how data is collected and made trustworthy enough to be actionable, according to Raphael Davison, worldwide director of blockchain for Hewlett Packard Enterprises.

Many technology developers yearn to invent the future of payments through software, but Toast is also reaching to the past by trying to perfect the hardware that surrounds the new digital tools.

Artificial intelligence will reshape the job landscape at banks; people still want to open accounts at a branch; Mick Mulvaney stacks CFPB bench with political appointees; and more from this week's most-read stories.

As more consumer data is shared across banks, fintechs and data aggregators, the industry is asking for regulators to step in with better guidance.