BAD – This Week’s Crossword Puzzle – Open Banking
This week’s FintechDaily Crossword Puzzle is about open banking: a term describing how banks or financial institutions share financial data with third party providers via application programming interfaces (APIs).
Adoption of New Real-Time Payment Option FedNow Is Slow But Steady
Now that FedNow is here, banks have another real-time payment option to offer customers.
Money20/20 Panel: Why DeFi Matters for Payment Systems
Will DeFi harmoniously coexist with or entirely disrupt and replace existing financial ecosystems? Money 2020 panel addresses the question.
Elon Musk Plans to Turn X Into a Fintech
Elon Musk is planning to add a variety of financial tools to the X platform, according to reports on a recent meeting Musk held with employees.
PayPal’s New Stablecoin Draws Regulatory Attention
A recent subpoena by the Securities and Exchange Commission has thrown a dash of cold water onto PayPal’s issuance of its new stablecoin, PYUSD.
Tech Leaders Unite to Decode the AI Revolution at Money20/20
Leaders in the tech and finance industries converged at the recent Money20/20 event held Oct. 22-25 in Las Vegas, embarking on a deep dive into the profound impact of artificial intelligence on the financial landscape.
Banks Gear Up for Expensive Transformation to AI
As generative AI transitions from experiments to enterprise applications, the banking industry appears to be gearing up to play a major role in what many believe will be transformative technology. Many banks still have a long way to go.
Blockchain Payment Companies Continue to Face Challenges
A number of blockchain payments companies and crypto trading services have failed in 2023 as bear market conditions in the crypto industry and regulatory uncertainty in the U.S. have challenged businesses that attempt to bridge the gap between cryptocurrency and the mainstream financial world.
The ATM is Still On Top
It may come as a surprise to learn that the humble automated teller machine (ATM) remains the most popular servicing method in the banking industry, according to a new survey.
Generative AI is a Watershed Moment for Financial Companies
Generative artificial intelligence applications like ChatGPT have potential to transform many parts of the financial industry, bringing with them enormous promises of improved productivity, personalized customer experiences, unprecedented analysis, and many questions about privacy, risk, and regulations.