Results for Search Submit Filter by: Advanced Filter All results Solutions Industry Typelist People Client Story Insights/Blogs Filter Search Sort by RelevanceDate Order AscDesc Blog August 30, 2023 Cornell professor of trade policy: Digital revolution will transform currencies—and the world Physical money is slated to become a relic, with digital payment systems becoming the norm around the world. Whether that leads to greater economic efficiency, or a dystopian society—or both—remains to be seen.Despite all the hype, the proliferation of cryptocurrencies will not have a substantial disruptive effect on the major reserve currencies, especially the U.S. dollar. Unbacked… Blog September 5, 2023 The future is digital but fraud, volatility could cripple crypto, says Allianz Trade executive For the average person, I am hard pressed to find one use case where these cryptocurrencies provide what is not already handled by existing payment methods. While crypto offers fast and cheap transaction rates, the benefits do not outweigh the risks. It’s hard for me to rationalize a world where the U.S. dollar is not central to trade finance. While I am not an expert on geopolitics, I can… Blog September 29, 2023 Emerging tech and the future of payments with Swift’s Head of Oceania, Suresh Rajalingam "We are completely reimagining how transactions flow around the world, making it possible for banks to seamlessly work together, so that every payment can flow faster and further. It is all powered by transaction manager, which provides a centralized view of transaction data so that all participants can access it simultaneously in real time." "We have developed a solution with the community to… Blog October 11, 2023 Innovation versus regulation and the future of digital banking with Blockchain Coinvestors CEO "The role of government is always to create pro innovation regulation, in my opinion, since innovation is the driver of jobs, GDP, and economic growth in every economy of the world. And any economy and any government that purposefully tries to slow down innovation, always regrets it later.""The financial industry has not provided consumer benefit in the last 20 years in a substantial way. And so… Blog August 16, 2023 From cash to credit to crypto, exploring how we think about money The concept of credit dates back at least 5,000 years. Archaeologists unearthed clay tablets that show agreements between Mesopotamians and merchants from nearby Harappa to buy something in the moment and pay for it later—layaway in the cradle of civilization. Globally, there are no “cashless countries,” but several are getting close. Canada tops the list, with Sweden, the UK, France and the… Blog October 6, 2023 Protiviti-Oxford study: Execs see cashless future, expect big disruption from digital currency Two-thirds of global executives say their companies are at least “somewhat prepared” for a significant disruption to monetary policies and structure. A staggering 89% of business leaders say they are concerned about their ability to protect customer and client data in a digital currency future; 61% say crime, fraud and corruption will be more prevalent in future financial transactions.Global… Blog October 17, 2023 The past, present and future of the U.S. dollar with David Cowen, President and CEO of MoAF "This inflation is so bad, George Washington writes a letter in the middle of the war saying, 'A wagonful worth of money won’t buy a wagonful worth of provisions.' So, who is going to straighten all of this out? Well, we become a nation officially, April 30, 1789. George Washington takes the oath of office in New York City, and then he brings on Alexander Hamilton to be the secretary of the… Blog October 25, 2023 Exploring an evolving payments landscape with the Commonwealth Bank of Australia "Based on industry data, more than 30% of Australians have been using mobile wallets when they make payments instore. As compared to US, that’s 1.7% and for Germany at 6.1%, and I see that trend continue to grow." "Banks have a large and trusting customer base and extensive in-person and digital distribution network, which provides a strong starting point for gaining scale with payments… Blog November 6, 2023 J.P. Morgan global executive: With ISO 20022, a ‘generational change’ is coming in payments The move to ISO 20022 is a generational change in payments and probably the largest we will see in the payments space in our careers. At J.P. Morgan, we made a bold choice to be an early adopter.The payments industry has a socio-economic responsibility to continually innovate while safeguarding against systemic risk and financial crime. By 2035, I think we’ll edge closer to being a cashless… Blog November 7, 2023 Navigating an uncertain future with financial innovation expert Peter Davey of Alloy Labs "I do think that we have a good opportunity to continue to reduce cash, but I don't know that we'll ever get rid of it because unless there's some type of legislative capability that Congress holds to get rid of cash, I just don't think that constituency will ever let it go." "As you start to see some of these new real-time and instant payment capabilities adopted, including some of the… Load More
