HomeTagbanking Archives - CryptoTechNews

http://cryptotechnews.co/wp-content/uploads/2019/03/20170811-Flash-FX-584-852x720.jpeg

Traditionally, transferring money overseas was a long, arduous, not always secure, and expensive process. Thanks to innovative tech, changes in global regulations and a much more competitive landscape, this is no longer the case. Now you can send your money quickly, securely and track every step of the way. And, according to FlashFX, by using blockchain technology, you can get bank beating rates, a much more transparent process and no transaction fees too. We spoke with Michael O’Sullivan...

http://cryptotechnews.co/wp-content/uploads/2019/02/cryptocurrency-and-taxes.png

Skeptics and advocates for cryptocurrencies all wonder how the market will develop over the next few months. Will it replace money as we know it? Can we make it safe and universal? It might take longer for us to get all the answers however in the meantime, there is one factor traders and investors can’t ignore – taxation. Below is a deep dive into taxation on cryptocurrencies and how to manage your obligations when it...

http://cryptotechnews.co/wp-content/uploads/2019/02/private-bank-cryptocurrency-falcon-bank-1280x720.jpg

Utilization of cryptocurrencies and blockchain in the banking sector is not an entirely new concept. Banks around the globe have either reacted positively or negatively to crypto implementation. Blockchain technology has, however, evolved from being ignored and seen in a bad light, to providing innovative solutions in the banking industry. On realizing its potential, banks are finding ways to create applications that make transactions cheaper, faster and less complicated. Falcon’s Move Just recently, Falcon, a...

http://cryptotechnews.co/wp-content/uploads/2018/12/fintech-predictions-new-year-1280x720.jpg

Fintechs are big, growing and disruptive. Why wouldn’t they be on the up and up when they harness innovative technologies to help create efficiencies within the banking and financial services industry. So what are the predictors and futurists saying the landscape will look like in 2019 and beyond? Here’s a collection of some of the sources we think are on point! Bitcoin is Just the Beginning The Australian predicts that Bitcoin is Just the Beginning and...

http://cryptotechnews.co/wp-content/uploads/2018/12/blockchain-disrupt-banking-services.png

Blockchain has great potential to change the face of the financial industry. On this 2 part series we’re delving into some examples of different banking services that could be disrupted by blockchain. On part 1 we talked about the use of blockchain in payments, clearance and settlements systems, and fundraising. In this piece we delve into securities, loans and credit, trade finance and look beyond the hype. 1. Securities By tokenizing traditional securities such as...

http://cryptotechnews.co/wp-content/uploads/2018/12/how-blockchain-could-disrupt-banking-services-1280x720.jpg

Blockchain is transforming everything from payments transactions to how money is raised in the private market. Will traditional banking embrace this tech or be replaced by it? Blockchain technology provides a way for untrusted parties to come to agreement on the state of a database, without using a middleman. By providing a ledger that nobody administers, a blockchain could provide specific financial services — like payments, or securitization — without using a middleman, like a bank. For...

http://cryptotechnews.co/wp-content/uploads/2018/12/ivykoin-and-goldfields-bank.png

During a time of increased interest in KYC and KYT technologies, as they are necessary for banks, financial institutions and exchanges to meet regulatory requirements, Ivy and Goldfields Money partner to take a step toward further integration of blockchain technology into established financial institutions. Ivy Koin LLC (Ivy), a developer of blockchain-based solutions for financial institutions facilitating compliance needs for fiat and digital currency transactions, announced a partnership with Goldfields Money Ltd (Goldfields Money ASX:GMY). Goldfields Money...

http://cryptotechnews.co/wp-content/uploads/2018/11/Irina-Berkon-PLATIO-1280x720.jpg

As blockchain’s potential continues to unveil, especially in the disruption of financial services, we had a chat with Irina Berkon, CFO at PLATIO, a company creating a crypto banking ecosystem, about where the industry is going and if blockchain is the solution. “I think there is no stopping the progress of the blockchain technology. There are so many brilliant minds working on amazing and life changing solutions. I think that blockchain technology will be part of everyone’s life,...

http://cryptotechnews.co/wp-content/uploads/2018/10/Sibos-highlights-day-2.png

Sibos is one of the biggest banking and finance conferences in the world and is currently on in Sydney, Australia. Organised by SWIFT, the annual event aims to bring together experts, decision makers and business leaders to discuss industry trends and strategy. We wanted to bring you a summary of the highlights and have a few of our team sharing their top five on Friday for the entire conference. Following is a roundup from the...