The combination of speed and safety is
seeing more financial institutions sign up to use Ripple.
Not exact matches
This year I expect to
see an explosion of innovation in the
financial technology space, as banks and other
financial institutions decide to do
more with the volumes of data at their disposal.
But as Temin and Vines show, history is much
more usefully
seen as the evolution of often complex
institutions —
financial, political, legal, cultural, and so on — through which economic behavior is mediated and which affect the ways in which recurring patterns of finance, commerce and trade unfold, and that without an understanding of history we lose so much complexity in our models that we often end up making very obvious mistakes.
Seen as the most significant portion of the legislation is the increase in the level at which a
financial institution is considered a systemically important
financial institution or SIFI — which subjects
institutions to
more oversight than other banks not given this designation.
Of the politically and socially motivated standouts, The Social Network (d. David Fincher) and Black Venus (d. Abdellatif Kechiche) treated us to fictionalised accounts, vastly different in tone and aesthetic, of historical events (of which
more below); while Post Mortem (d. Pablo Larrain) offered a fictional personal story set in the time of and impacted by the coup in Chile by Augusto Pinochet that overthrew Salvador Allende; and Inside Job (d. Charles Ferguson) blazed across the screen, a searing must -
see documentary indictment of the men and
institutions that caused the international
financial crash of 2009 (again,
more below).
I don't care about Greece and I'm
more than happy to
see the stock market going a little in the red... if only my 8000 $ transfer could finally be settled by my
financial institutions... it takes eons just to transfer money from one FI to another.
The
more I thought about it, the
more it made sense — even if this trend ultimately proved a bust,
financial institutions, like nature, abhor a vacuum: if they
see an opportunity they will (eventually) rush in... something to exploit in the meantime.
And you're starting to
see the nation's
financial institutions paying a lot
more attention to this topic.
But amidst the threat and concern, there is an opportunity for
financial services
institutions to look beyond this and instead
see the challenge as a chance to build
more loyal and lasting customer relations.
Large
financial institutions are not always the best companies to create innovation — I should know, I used to work for one — and I think we will
see more and
more collaboration between large
institutions and innovative start - ups with great ideas.
If
more financial institutions continue to deploy Ripple's blockchain, and the company
sees a boost in payouts via transaction fees, then yes, investors have something to be excited about.
Fortunately, Bitcoin is now
seeing more and
more attention from mainstream
financial institutions, and it is quite likely that from this attention much
more high - quality exchanges will emerge.
Regulation is however needed to create
more stability in the cryptocurrency markets (
see my recent block «Regulating Cryptocurrencies: Walking the Tightrope», 12 February 2018) As soon as cryptocurrency regulations have taken a definitive path, banks and
financial institutions can really start using xRapid and XRP for cross-border payments so getting the most benefits out of these Ripple solutions.
People will
see that a cryptocurrency exchange is a part of the
financial mainstream and is supported by governmental
institutions, and there will be
more trust, claims the financier.
If the Real Estate Settlement Procedures Act regulations are redefined to encourage one - stop shopping and cross sales of real estate andfinancial services, you'll
see even
more interest from those local
financial institutions.