Remove Concentration Remove Financial Systems Remove Marketing Remove Securities
article thumbnail

Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

PYMNTS

The groups argue that such efforts are secured under the current regulatory regime, and that allowing innovation at the expense of the financial system’s stability isn’t beneficial. A lack of safety and soundness rules will expose the financial system to significant vulnerabilities.”.

Banking 139
article thumbnail

Bitfinex Was A Teaching Moment

PYMNTS

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. “We

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

OCC Defines Top Threats To Banks This Season

PYMNTS

In some ways, the risks facing banks are longstanding: Non-traditional FIs and innovation are forcing banks to rethink their position in the market. The federal banking system is, and should be, a source of strength for the nation and its economy. But the Spring 2017 report reveals news of threats that are just beginning to flare up.

Banking 46
article thumbnail

François Masquelier (Simply Treasury): Small is Beautiful

Simply Treasury

Paradoxically, "retail" developments are often faster and more intense than "corporate" developments, notably for reasons of security and integration into the IT systems of large companies. Nevertheless, there has been much less innovation for servicing (larger) companies, despite the potential of this market.

Treasury 130
article thumbnail

Can FinTech Walk The FinTalk?

PYMNTS

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. trillion; on security-related hardware, software and services at 10 percent a year from a 2018 base of $91.4 billion growing to $120.7

Banking 73
article thumbnail

Why It’s Time To Come Down On Bitcoin

PYMNTS

market without further rigorous testing, citing concerns over the drug’s potential to penetrate a mother’s placenta and harm her unborn baby. They report that 2015 was a “banner year” for ransomware, with more than 100 new varieties introduced into the market. The drug was thalidomide. What Does Any of This Have To Do With Bitcoin?

Math 62
article thumbnail

Crypto Markets Lose $13B In Three Hours

PYMNTS

In about three hours, $13 billon of value was wiped out of the crypto market as the values of major digital currencies plunged. In a recent report, the International Monetary Fund noted that “continued rapid growth of crypto assets could create new vulnerabilities in the international financial system.” as of 9:38 a.m.