The financial services industry has been leveraging artificial intelligence (AI) – specifically, machine learning (ML) – to support payments for over a decade. For example, early investments by PayPal in… Continue Reading
December 3, 2017
December 3, 2017
Solving The Problem of B2B Payments
Payments have never been easier or more convenient to initiate and settle than they are today, especially on an individual basis. Payment companies, banks, and FinTechs finally are approaching the… Continue Reading
December 3, 2017
Is Blockchain Technology Right for Banking?
Much has been written about blockchain technology during the past few years. After the initial attention that the Bitcoin crowd received, the recent increase in the price of Bitcoin, and… Continue Reading
December 3, 2017
BNY Mellon’s Gerald Hassell Discusses the Economy, Technology, and His 44-Year Career
Jim Aramanda, TCH: Let’s start off on a lighter note. As you know, Alexander Hamilton, who founded The Bank of New York 233 years ago, has been getting a lot… Continue Reading
December 3, 2017
Consumer Data in an API-Enabled World
Application Programming Interfaces (APIs) – long utilized within closely restricted environments by the financial services industry – provide a set of standardized procedures for data and applications to securely communicate… Continue Reading
December 3, 2017
As Real-Time Payments Rise, Payment Hubs See a Resurgence
In the early 2000s, when global banks were re-engineering their core systems, payment hubs were seen as the future of payment infrastructure. However, the hub offerings available at the time… Continue Reading
December 3, 2017
What Is a Bank?
Square’s and SoFi’s applications for industrial bank charters and Varo Money’s application for a national bank charter directly bring to the forefront these lingering questions: What is a bank? Who… Continue Reading
December 3, 2017
Why RTP Matters: 5 Perspectives on the Future of Faster Payments
We now live in a real-time economy, one in which consumers and businesses expect instant transactions and fulfillment of orders. Businesses increasingly demand that partners deliver services on shorter schedules… Continue Reading
December 3, 2017
Why-RTP-Matters: First New Payment System in 40 Years
The opportunity to go to the drawing board to build something new from the ground up does not come by often in any industry. In the payments industry, it’s been… Continue Reading
December 3, 2017
Why RTP Matters: The Benefits for Consumers
Fundamentally, payments are pocketbook issues that affect just about all of us. Questions such as “When do I get paid?” or “When is the mortgage due?” are payments questions, because… Continue Reading
December 3, 2017
Why RTP Matters: Better Cash Flow Management
The term “faster payments” has been expanded to not only describe the speed of payments but also to encompass other valuable payment features, such as ubiquity (anyone, anywhere), data extensibility… Continue Reading
December 3, 2017
Why RTP Matters: A Call to Action
Payment systems are critical to the economic vitality and competitiveness of the United States. Consider a company the size of Verizon, an enterprise delivering services and value to virtually every… Continue Reading
October 3, 2017
Why RTP Matters: Safe, Fast, and Convenient
We live in a real-time, always-on, always-connected world. The industry’s work to move money faster or make payments faster addresses this new normal in our culture, and that isn’t going… Continue Reading
October 1, 2017
Faster Payments: The Road to 2020
2020. What once seemed like a far-off and futuristic date is just around the corner. Even if 2020 doesn’t deliver on the space travel and intelligent robots promised in science… Continue Reading
October 1, 2017
October 1, 2017
Research Rundown
Capital Brookings Papers on Economic Activity: Strengthening and Streamlining Bank Capital Regulation (Greenwood, Hanson, Stein & Sunderam) This paper presents three core principles that should inform bank capital regulation. First,… Continue Reading
October 1, 2017
Rethinking the Basel Committee on Banking Supervision
The Basel Committee is an organization overdue for a rethinking. Its goal of consistent regulation of internationally active banks remains a worthy one, but its self-defined scope has increased dramatically post-crisis,… Continue Reading
October 1, 2017
TCH Bank Conditions Index
As shown in Exhibit 1, The Clearing House Bank Conditions Index (TCHBCI) decreased slightly in the second quarter of 2017 after displaying its highest level of resiliency in the first… Continue Reading