“Leveraging technology” is the mantra of the day for any business committed to relevance, or as we like to say, ‘remaining in business.’ For global fast-food chains and independent, local retailers alike, that means in-store [...]
Traditionally, new asset classes start at the top of the market and slowly filter down to everyday consumers. However, the internet era has turned that paradigm upside down, especially in the realm of finance. For [...]
In the ever-evolving financial services landscape, optimizing technology spend is not just a necessity; it's a strategic imperative. This immutable three-step approach ensures that every dollar invested translates into meaningful change, addressing pain points, leveraging [...]
Wire transfers, cross-border payments, and ACH settlements are about to change – and in many ways, they already have! The launch of FedNow is a milestone that shifts the tides of the financial industry. The implications [...]
It’s November, the holidays are just around the corner, Custodia Bank has just launched its Bitcoin custody platform, and Sam Bankman-Fried has been found guilty by jury for all of the charges against him [...]
In a world where the almighty US Dollar is teetering on the financial abyss, its worth eroded by inflation and the reckless proliferation of money to cover ever-escalating national debts, SWIFT's capacity to transfer funds ‘[...]
It’s happening now. The financial world is finally transforming, leaving behind the era of the electronic dollar. The age of 'streaming money' has arrived. Neo banks and crypto networks have been streaming money as [...]
When people think about digital assets, distributed ledgers, crypto, or the new world of tokenized payments, top of mind are “the fraudsters, the start-ups, the fly-by-night FTX-type situations.” Yet, “those examples have solidified why St. [...]
Working with a group of credit union leaders last week, hacking our way through the weeds of the exciting world of core selection, core conversion, and vendor consolidation, one of the senior executives asked a [...]
Here we are, nearly halfway through the year, and more than a few notable events have transpired. For starters, the second largest bank failure in history happened, not once, but twice, which seems a bit [...]
When it comes to a core conversion, as with any complex change management event, your FI faces numerous challenges. Our many credit union partners have successfully navigated the complex conversion process without any significant loss [...]
During the Great Recession of 2008, a few thousand people dared to “Occupy Wallstreet,” protesting the abuses of power and the devastating costs of greed which so often follow in the wake of banking 'booms.[...]
“The USD is losing its market share as a reserve currency at a much faster rate than is commonly believed. After declines in its global market share for the past two decades, in 2022 the [...]
“If you defer investing your time and energy until you see that you need to, chances are it will already be too late.”[1] As member-owned institutions, credit unions operate to strengthen communities and protect [...]
As the competitive landscape shifts from traditional electronic transactions to modern digital engagement, and money merges with the internet becoming a streaming phenomenon just as music, movies, and mail have in our lifetime, the time [...]
