What’s true, what’s not and what’s next.
By Alaina Webster, Managing Editor
Chris Rentner, director of digital lending for Velocity Solutions, LLC and founder and former CEO of Akouba, remembers a time when digital lending for banks seemed like a pipe dream.
Among individuals who would not consider opening a checking account with a local financial institution, the top reason given (56 percent) is limited branch and ATM locations.
An overview of distributed ledgers and some benefits and risks of using them.
By Katherine West
Distributed ledger technology, sometimes referred to as DLT, is a relatively new technology that is quickly becoming a hot topic due to its association with cryptocurrencies like Bitcoin. But what exactly is it? Though often associated with cryptocurrencies, DLT is, at its core, a new form of record keeping that can be applied in a wide variety of settings.
By Philippe Benitez
Biometric technologies are here to stay. That much is evident, thanks to consumers’ avid adoption of mobile devices and everyday applications that leverage fingerprint identification, facial recognition and other modalities that already extend into the mobile banking realm. As that tech diffuses into other parts of daily life and business, including airports, automobiles and commerce, it’s worth considering how it might transform bank branches, one of the last bastions left relatively untouched by the digital revolution.
The American Bankers Association recently announced a partnership with Alloy Labs Alliance. The Alliance, a shared financial innovation lab and consortium co-founded by midsize and community banks, brings banks together to identify, evaluate and implement new technology and innovative products. Alloy is led by the team of financial technology experts at FinTech Forge.