Category: digital currencies

The old carpentry saying “measure twice, cut once” is a reminder to make doubly sure that you know exactly what size you need from your lumber before you take out your saw. It aims to keep you from making mistakes, from cutting pieces that don’t fit properly, and ultimately, from wasting time and money. You can apply…

As a potential recession looms and inflation persists, individuals and organizations across the U.S. and globally are feeling pressures from the current macroeconomic environment. Banks are not immune to these challenges. Finastra’s recent “Financial Services State of the Nation Survey” found that four in five financial institutions have been “belt-tightening” and constraining their investments in…

The Bank of England and HM Treasury have launched a new consultation on the proposed introduction of a UK central bank digital currency – a “digital pound”. The consultation marks the next phase of work on a digital pound, which will involve assessing its feasibility and developing a detailed technical blueprint for implementation. A decision…

In a recent decision, the Court of Appeal held that the developers behind various bitcoin networks may owe fiduciary duties to owners of bitcoin held on their networks. Some market participants will understandably be alarmed by the potential implications of this. However, though the Court has opened the door to the existence of such duties,…

Klarna reported a $1 billion operating loss in 2022, up from a $680 million operating loss in 2021. Despite the loss, Klarna plans to return to profitability by this summer. Klarna last reported a full year profitability in 2018. Consumer payment services company Klarna is inching toward profitability, but is still in the red. The…

It’s a tough time to finance a startup.   Startups looking to secure capital to underwrite consumer auto loans this year face roadblocks as investors tighten their purse strings, driving up the cost of funds and stymieing the plentiful flow of capital fintechs tapped into two years ago.  Fintechs looking to secure warehouse lines of credit…

Lekha Banerjee, technology executive at Truist, will join the panel “Innovations in Business Intelligence for Banking” at Bank Automation Summit U.S. 2023 on Thursday, March 2, at 1:30 p.m. ET at the Westin Charlotte in Charlotte, N.C.  View the full agenda for the Bank Automation Summit U.S. 2023. Lekha Banerjee, Technology Executive, Truist Banerjee will discuss…

Almost a decade after the company made its Finovate debut at FinovateSpring, digital mortgage platform Roostify has agreed to be acquired by property information, analytics, and data-enabled solutions provider CoreLogic. Terms of the deal were not disclosed. “We believe that this is an important transaction for the industry,” Roostify co-founder and CEO Rajesh Bhat said.…

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. Fyndoo by Topicus will demo its impact-based pricing model, which determines a loan price based on sustainable impact. The company also will demo the ESG Policy Mix Panel: a tool for policy makers to model their…

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. Openfinance Ecosystem is a marketplace where the best wealthtech solutions are co-created together with the most innovative companies currently taking the lead. Features Reduces provider and operational risk Reduces integration costs and time to market Selects…