Universal basic income is here—it just looks different from what you expected

Several years ago, when Elizabeth Softky first heard of the concept of universal basic income, she had her doubts. She was a public school teacher at the time, and she knew how hard it was to convince people to support even modest financial benefits, like pay raises for her coworkers. “Giving people money? I couldn’t … Read more

Bitcoin Daily: Resorts World Las Vegas, Gemini Crypto Exchange To Allow Patrons To Use Crypto Wallets; Cantaloupe To Accept Crypto, Loyalty Points At Cantaloupe’s Unattended Vending Locations

Resorts World Las Vegas and cryptocurrency exchange Gemini are now working together to “explore future opportunities” for casino patrons to pay for items using cryptocurrency, according to a press release. With the partnership, Resorts World is looking to become more crypto-friendly. The companies will be “pursuing creation and implementation of crypto-friendly services at best-in-class institutional … Read more

How China turned a prize-winning iPhone hack against the Uyghurs

In March 2017, a group of hackers from China arrived in Vancouver with one goal: Find hidden weak spots inside the world’s most popular technologies.  Google’s Chrome browser, Microsoft’s Windows operating system, and Apple’s iPhones were all in the crosshairs. But no one was breaking the law. These were just some of the people taking … Read more

Liberty Bank signs digital banking deal with Alkami Technology

Connecticut-based Liberty Bank has signed a “long-term contract” with Alkami Technology to improve its digital banking operations. Liberty Bank is Connecticut’s oldest lender Established in 1825, Liberty Bank is Connecticut’s oldest bank, with over $7 billion in assets and 64 offices. The bank offers consumer and commercial banking, home mortgages, insurance, and investment services. Alkami … Read more

Bitcoin Daily: Galaxy Digital Buys BitGo; Blockchain.com Acquires AiX

Financial services and investment manager Galaxy Digital has agreed to acquire BitGo, which works in digital asset infrastructure, according to a press release. With the acquisition, Galaxy Digital will be positioned as a global full-service platform for institutions looking to access the cryptocurrency economy, the release stated. It will offer a range of industry-leading products. … Read more

What I learned from a chatbot about the future of digital banking

Vipul Kaushal, SVP, group head of digital transformation at U.S. Bank, joins FinTech Futures’ upcoming virtual roundtable gathering, Dock Digital, on 18-19 May, to discuss the burning issues in banking, finance and tech. Here, he shares his thoughts on what – and how – digital banking should focus really on: people. We invite the digital transformation movers … Read more

Report: AI – the future of content management in financial services

When thinking of the myriad challenges banks face in their day-to-day operation, few might pinpoint the management, collation, and analysis of content as a major struggle. Yet dealing with it has been an onerous task for financial institutions for decades. The repository for the millions of documents banks deal with has changed from a dusty … Read more