For financial institutions deciding on their modernization strategy, what are the options? Does legacy technology need to be abandoned immediately or entirely? Or are there ways that financial institutions can leverage the infrastructure they have while embracing areas where digital and other modern solutions can bring real efficiency gains?
In this interview, I talk with Casey Ferguson, VP of Marketing at Zoot Enterprises, about the company's phased approach to modernizing financial...
- Financial infrastructure and blockchain technology company Ripple has secured $500 million in new funding at a valuation of $40 billion.
- The funding comes at time of great activity for the San Francisco, California-based fintech, which has announced six acquisitions in the past two years and whose stablecoin, RLUSD, topped the $1 billion market capitalization mark this month.
- As OpenCoin, Ripple made its Finovate debut at FinovateSpring 2013.
We shared this news in...
Just days after we featured Canada in our weekly Finovate Global column, we can now add to our understanding of what is driving fintech innovation in Canada with a look at the country's recently unveiled federal budget.
“Don't tell me what you value. Show me your budget—and I'll tell you what you value,” former US President Joe Biden liked to say. In this regard, Canada's budget—with CAD $141 billion in new spending and CAD $51 billion in cuts and other savings—reflects a...
- HSBC has partnered with bank account and payment intelligence specialist ValidiFi.
- ValidiFi will help ensure the integrity of bank accounts used to pay credit card balances.
- Headquartered in Florida, ValidiFi made its Finovate debut at FinovateFall 2019.
Banking and financial services company HSBC has selected ValidiFi to power its bank account validation and fraud monitoring operations. A leader in predictive bank account and payment intelligence, ValidiFi will help bolster...
Crypto solutions provider for businesses Ripple has announced its acquisition of digital asset wallet and custody company, Palisade. The move is designed to enhance Ripple's custody capabilities—specifically, the company's Ripple Custody offering—to better serve the needs of fintechs, corporates, and crypto-native companies. Terms of the transaction have not been disclosed.
Ripple Custody supports banks and other financial institutions looking for safe, secure ways to store digital...
