"I'm glad to see the grifters go and glad to see the leveraged business models flushed, because I've consistently said for years, you cannot safely leverage bitcoin more than one to one ever, period," says Caitlin Long, CEO of Custodia Bank.
@CaitlinLong_
“Can we bring this into a more collaborative matrix with community banks and credit unions so that we don't all have to duplicate the services into every single institution,” said Pete Nohelty, chief technology officer of Vibrant.
BREAKING: Fed drops hammer on Wells Fargo as four board members ousted. Fed restricts Wells' growth, takes other steps. More information and updates here:
.
@SoFi
made more than $2 billion in personal loans last quarter, a 151% jump from a year earlier. Its CEO sees stronger demand ahead as higher rates prompt more interest in refinancing credit card debt. $SOFI
We are excited to welcome featured speaker, Caitlin Long, CEO of
@custodiabank
, to
#Digbanking
. At this conference, you will meet this Innovator of the Year, whom we recognize through our new celebratory program that highlights influencers. Register now.
“The last thing we need to do is add another regulator to a system that’s already got dozens of regulators,” said Brian Brooks, CEO of the crypto firm and a former head of
@USOCC
"Complaints from my constituents, confirmed by detailed reporting in the American Banker, described your company's security vulnerabilities, your mismanaged responses to data breaches, and your misleading and cruel customer service tactics when harmed consumers sought help."
The Fed instituted an effective ban on crypto-related-activities for state member banks all while depriving the public of an opportunity to meaningfully engage, writes
@MTCoppel
of
@BlockchainAssn
in
@AmerBanker
@BankThink
.
"Banks are caught in the middle between a public that reasonably expects money to move faster than Amazon, and a system run by the Federal Reserve that uses Blockbuster technology in a Netflix world."
Blockchain is one of the hottest new innovations to hit financial services in recent years.
@AmerBanker
takes a look at what one credit union is doing with the technology.
"The uncomfortable truth is that for centuries, banks have been a part of furthering these racist structures, and that means that we have a crucial responsibility, perhaps more than most organizations, to engage in long-term work" to rectify the situation.
“We can no longer exclude the tens of millions of people in the United States that have a bank account and have income, but do not have credit history," says Jason Gross, CEO Petal. "This score solves for that inequality in access directly.”
There are numerous benefits to tokenization in financial services, from automated and highly auditable recordkeeping to fast payments that can take place across borders at any time of day.