The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services | World Economic Forum


The most impactful distributed ledger technology applications will require deep collaboration between incumbents, innovators, and regulators, adding complexity and delaying implementation Source: The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services | World Economic Forum

Payment companies fear to lose business to fintech: PwC survey – EconoTimes


The survey also revealed that with an influence of mobile apps outside financial services, consumers continue to demand faster and easier payments. 74% of payment companies, being the highest of all financial sector institutions, see this as a threat. 61% of respondents say that customer churn is also a serious concern for the industry and…

IBM’s Watson won Jeopardy, but can it win business from banks? | Reuters


For IBM the irony lies in the fact that senior bank executives say they believe its artificial intelligence software could help them achieve cost-cutting goals in coming years, but are not ready to pay for Watson today. Several technology executives from large banks told Reuters that while the software may have enormous potential, they would…

CVS Pharmacy launches its own mobile payments and loyalty solution, CVS Pay | TechCrunch


CVS Health today is launching its own mobile payments solution that will allow customers to pay for products, pick up prescriptions, earn ExtraCare loyalty rewards, as well as pay – just by scanning the barcode in the CVS mobile app. The idea, the company explains, is to eliminate the number of steps it takes today to complete…