A number of American banks formed a consortium to mint USDF stablecoins in an effort to address consumer protection and regulatory concerns about the non-bank-issued stablecoins as we can see more today in our cryptocurrency news. The USDF Consortium is an association of the Federal Deposit Insurance Corporation that was launched on January 12th. The […]

Financial institutions should prepare for widespread use of real-time payments in the coming months, as well as the resulting security risks, group president of enterprise banking at core provider Computer Services Inc. (CSI) shares in this episode of “The Buzz” podcast. CSI’s Giovanni Mastronardi discusses how the Federal Reserve-backed instant Automated Clearing House (ACH) transactions, […]

The test was facilitated by JP Morgan’s new blockchain-focused business unit Onyx.

FinTech investments surpassed every year prior in 2021 – $134 billion. That’s more than double 2020’s final tally, and 2020 had already set records for that year. It is safe to say that FinTech’s moment has arrived, and the digital transformation has hit a transition point from a theoretical discussion into a simple reality for financial services across the board. At the end of last year, we asked you for your thoughts on the biggest trends in this new world of FinTech for the coming year.  Your answers pointed clearly to a 2022 in which the blockchain will continue to

The post FinTech Forecast 2022 first appeared on FinTech Rising.

Bahrain’s Central Bank has reported the completion of a test of JPMorgan Chase’s JPM Coin system.  The bank’s objective to “enhance client experience for safe and efficient settlement solutions” utilizing the JPM Coin System was successfully tested, according to the announcement, which was published on Thursday. Dedicated to an upgrade Banks used the JPM Coin […]

The post Central Bank of Bahrain completes JPMorgan’s coin system appeared first on BitcoinerX.

US Bankcorp announced Thursday that it will offer real-time payments for consumer bill pay in the first quarter. The $559 billion bank successfully completed a test that included real-time settlement of consumer bill payments using Request for Payment (RfP), US Bank spokesperson Todd Deutsch told Bank Automation News. “Following this successful test, we will be […]