Economic news

Banks have signaled bullishness for blockchain tech. But some say ignorance is leading to ill-informed choices.

Banks have traditonally lagged behind in embracing innovation, though blockchain provides the opportunity to quickly ramp up digital services.

Ellen Ford and Robert Miller have been names as members of the Federal Reserve Bank of Boston's First District Comunity Depository Institutions Advisory Council.

Blockchain, the technology behind bitcoin, is increasingly seen as a way to cut costs for international payments.

The fast-moving innovations enabled by blockchain technology defy the ability of state governments to regulate the distributed ledger space constructively and efficiently.

Tala, based in Santa Monica, Calif., makes its loan decisions after analyzing data on the mobile phones of users in Kenya and the Philippines.

China's role in the in bitcoin market has increased in recent years as its citizens are among the virtual currency's leading traders and miners.

The president’s vow to impose a 20% tax on Mexican imports could make life harder for the Citigroup-owned unit, which is Mexico’s second-largest bank.

Bank CEOs have recently raised red flags about the president's protectionist rhetoric, including his proposals to tax imports from China and Mexico. The concerns have arisen as import-export financing is already facing headwinds.

Spark ATM expects the deal will help expand services offered to local banks and retailers in South Africa and other markets in the region.

Bloomberg News conducted interviews and reviewed public statements to discover what each major bank is now planning in the wake of Brewxit.

In markets such as Africa there's a huge market for mobile payments, but a regulatory environment that has not caught up

While the true impacts of the United Kingdom's departure from the European Union are still unknown, there are a number of factors that will pressure payments innovation.

The goal of Deloitte's new blockchain-focused lab in New York is to turn proofs of concepts into real solutions.

In the headlong rush to revolutionize modern finance, blockchain enthusiasts are overlooking one potentially costly problem: their applications, built on open-source code, may actually belong to someone else.

As global e-commerce proliferates, payment platforms are stepping up to cater to U.S. merchants eager to sell their wares in emerging markets. But there can be as many risks as there are opportunities when entering a new market.

Sudden jolts in the currency market may be becoming more frequent, with at least three flash crashes over the course of 14 months. But there is some hope in finding out their causes more quickly.

Stellar, a Silicon Valley-based non-profit organization and blockchain platform that connects banks and payments systems, has gone global with partnerships in India, the Philippines, Africa and Europe.

The bank consortium R3 CEV has released its Corda platform as open source to encourage innovation and interoperability in the industry's development of blockchain technology.

The Internal Revenue Service's internal watchdog Tuesday called on the agency to develop a concerted strategy to address the possible use of virtual currencies in tax evasion or money-laundering schemes.