New York Fed releases pilot exercise results for wholesale CBDC
The Federal Reserve Bank of New York today published research demonstrating how a wholesale central bank digital currency could deliver significantly faster cross-border transactions.
Browsing: Blockchain
OCC’s Hsu continues call for stablecoin standards
Acting Comptroller of the Currency Michael Hsu advocated for stablecoin technical standards today during an event focused on artificial intelligence and the economy.
Hsu advocates for bank-like regulation for stablecoins
Acting Comptroller of the Currency Michael Hsu called for establishing an “intentional architecture” for stablecoins that would focus on “stability, interoperability and separability,” and also take into account privacy, security and the need to prevent illicit finance.
Financial Institutions Increase Digitization in Wake of Pandemic
In the wake of the COVID-19 pandemic, 85% of financial institutions said they have increased digitization efforts, according to a new survey from BAFT, ABA’s global transaction banking subsidiary, and CGI, an independent IT and business consulting firm.
How U.S. Banks Can Start Planning to Deliver Crypto Custody Services
Will the OCC’s clarification that U.S. banks can hold a cryptocurrency’s unique cryptographic keys turn out to be the onramp into a new revenue stream?
OCC Issues Proposals on Bank Activities, Innovation
The OCC today proposed changes to its rules for national bank and federal savings association activities and operations to ensure that they can continue to meet the shifting needs of consumers, businesses and communities.
Bankers Without Borders
Amid turbulent times for trade, community and midsize banks are helping fuel America’s export economy.
Five Global Fintech Trends in 2019
Financial innovation is happening worldwide. Here are some of the top developments to watch.
Podcast: U.S. Bank’s ‘Test and Learn’ Approach to Fintech Innovation
As the leader of a 32-person R&D team helping U.S. Bank’s business lines implement new technology and scout out the most promising financial innovations, Dominic Venturo is on the front lines of fintech innovation in the banking world. On the latest episode of the ABA Banking Journal Podcast, Venturo talks about recent and upcoming innovations that U.S. Bank is rolling out.
The Present and Future Payments Ecosystem
Financial institutions are leveraging technology to make payments faster, easier and safer.