Banking

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How ISO 20022 Improves Cross-Border Payments

26 May 2023 2 minute read 0 comments Craig Borysowich $0.01

Full disclosure: I’ve been participating via the Standards Council of Canada in the International Standards Organization’s (ISO) financial services standards groups for Technical Committee 68 for over 15 years.  So, I’ve played a big part in developi...

Real-Time Payments Isn’t the End of the Payments Journey

19 May 2023 1 minute read 0 comments Craig Borysowich $0.04

I get a lot of conversations where people think that once you’ve created a mechanism for real-time payments, you don’t need any other way to move money. While real-time payments offer several advantages, they may not be suitable for every situation o...

The Value of Savings in 2023

12 May 2023 2 minute read 0 comments WinterYeti $0.04

If you're wondering whether savings accounts even have a purpose today, you're not alone. Only recently, thanks to inflation and a few other economic pressure, has the interest rate on these financial tools finally gotten back up to something over 4%...

Morocco :Inefficiency Of Raising Interest Rate

30 Apr 2023 3 minute read 2 comments Rachabel $0.17

    Inflation has become a preoccupation for central banks, which since the first quarter of this year declared a state of emergency with the aim of achieving consumer price targets in the markets. Therefore, the decision was to increase interest ra...

Why Did Credit Suisse Collapse?

28 Apr 2023 4 minute read 4 comments MintDice.com $0.97

The collapse of Credit Suisse, a global banking giant and a global systemically important bank (G-SIB), has sent shockwaves through the international financial system. The Swiss bank's demise was a result of a series of factors, including persistent...

The Euro-Pegged Stablecoin of Société Générale Has Functions to Recall or Burn Your Money. The Worst Is Yet to Come.

25 Apr 2023 1 minute read 0 comments ssaurel $1.08

A few days ago, we learned that the French bank Société Générale (SG) was working on a Euro-pegged Stablecoin project. This project is developed on the Ethereum blockchain in the form of a smart contract. The interesting thing about such a smart cont...

No Particular Date in History: the Invention of the Personal Check

23 Apr 2023 3 minute read 1 comment WinterYeti $0.17

Today, most personal payments are handled through credit cards, ATMs, electronic ACH transfers, digital accounts and, of course, crypto payments. However, the overall lifespan of all this digital movement of money is very short, maybe dating bac...

The Case for PayPal (Honestly!)

22 Apr 2023 2 minute read 0 comments WinterYeti $0.27

  As most who've used digital payment tools are aware, PayPal is one of the most widely used online payment platforms in the world, and it's been offering a simple service that allows users to invest in four core cryptocurrencies (BTC, ETH, LTC and B...

Bitcoin Is Here to Free You From the Playground of the Fed and the Famous “Don’t Fight the Fed!”

19 Apr 2023 4 minute read 3 comments ssaurel $0.87

Yesterday, I saw an article on CNBC that quoted Jamie Dimon, the CEO of JPMorgan. In essence, Jamie Dimon is telling us that we should expect the Fed's key interest rates to remain high for longer than the markets currently expect:   The famous...

Silicon Valley and Signature Bank Collapses: Crypto Market Reaction

13 Apr 2023 9 minute read 1 comment CryptoManiaks $0.58

This was one of the biggest failures in the banking industry in the US and the largest bank to crash since the end of the 2008 financial crisis. Silicon Valley is now under the control of the Federal Deposit Insurance Corporation (FDIC). The recent f...