Banking Concentration Currencies Financial Systems 
PYMNTS
SEPTEMBER 30, 2020
House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We Specific Concerns .
PYMNTS
JULY 26, 2017
Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy.
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PYMNTS
NOVEMBER 28, 2016
Some of the world’s largest banks were met with big change in recent days. Demonetization in India has financial institutions operating at full speed to exchange out discontinued bank notes but with some unexpectedly pleasant consequences. We dive into the latest banking news from around the world. $30
PYMNTS
SEPTEMBER 16, 2016
Also, high capital costs of the latest mining facilities and systems are creating a barrier to entry for new miners. The concentration of bitcoin mining increases the likelihood miners will collude to attack the blockchain, and as profitability goes down, fewer miners will operate and existing incumbents will consolidate.
PYMNTS
APRIL 30, 2018
Digital banks. Most of that spend will be concentrated in the U.S., with supporting use cases mostly related to financial services and cross-border settlement, for a grand total of $242 million in 2018. Marketplace lending models were about using tech to lend money while sidestepping the regulatory burdens of being a bank.
PYMNTS
MAY 15, 2017
Its creator, the pseudonymous Satoshi Nakamoto, gave it all of the qualities of cash, but in a digital format: peer-to-peer transfer of a currency in the absence of any intermediary that is pretty much anonymous — only wallet IDs are shared. Big banks have started to deny crypto traders access, limiting their ability to withdraw funds.
PYMNTS
OCTOBER 16, 2017
The ability to use an anonymous single currency to power a decentralized, permissionless distributed ledger operating over the public internet where miners compete to solve the math problems that enable the processing of transactions is a remarkable innovation. The Crypto Has No Clothes. The Need for a Balanced View.
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