Blockchain

A report by the Economist Intelligence Unit has found almost three quarters of bank IT executives believe moving to the cloud will help their companies reach their objectives.

France Fintech, a non-profit association whose mission is to promote Fintech excellence in France, and blockchain ecosystem and cryptocurrency exchange Binance, have launched a €100m initiative to support the development of the blockchain and cryptocurrency ecosystem in France and Europe.

A joint report from J.P Morgan and Oliver Wyman has predicted up to $100bn annually could be saved in transaction costs through a central bank digital currency (CBDC) network.

Boston-based FinTech company Paymynt Financial said to launch MYNT PayCard, a multicurrency hardware wallet.

A recent report has called on the US Congress to regulate the issuers of stablecoins and has urged agencies to assess whether the coins pose a systemic risk.

Like a wide range of other industries, the WealthTech sector has seen digitisation accelerate massively recently – with the pandemic only serving to speed up this trend.

The Central Bank of Nigeria (CBN) has unveiled its central bank digital currency (CBDC) eNaira in its pilot study named Project Giant.

Finance officials from the G7 have endorsed 13 public policy principles for retail central bank digital currencies (CBDCs).

A report by Lloyds Bank has found more UK banks are targeting collaboration and acquisitions with FinTech firms to strengthen their position in the growing market.

Wells Fargo managing director Mike Mayo has claimed he expects automation to eliminate over 100,000 banking jobs over the next five years.