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Article & Blog, GAME OF FINTECH

Are Cryptocurrencies a bank´s business? Oh Yes! 

The recent open letter published by the OCC is nothing less than a door opener for Banks into the world of cryptoassets/-currencies. Now any national bank can hold onto the unique cryptographic keys for a cryptocurrency wallet, clearing the way for national banks to hold digital assets for their clients. With this regulatory gap now closed and banks as intermediaries trusted by investors being able to move into the cryptosphere, a massive inflow of investment into this market is likely to be expected. However, given this banking revolution, banks now need a new type of infrastructure. They must be able to hold, store, or transmit cryptographic assets that are being kept, managed, and secured for others. And this is where Fintechs come into play! FinTechs, like the silicon-valley based Vesto descirbed in the article, have moved beyond just offering custodial services to supporting a complete end-to-end crypto banking-as-a-service platform.

Article & Blog

The Path Towards Creating A Sustainable Global Fintech Ecosystem 

The Global Fintech Ecosystem of the future will hopefully be characterized by an increased financial diversity, financial inclusion, optimized digital fluency, enhanced socially responsible capital deployment, robust digital ethics programs and a human centric design. Only by investing in disruptive innovation and digital transformation, can the Global Fintech Ecosystem remain a key driver of the global economy. It is essential to collaborate with all other key players to further harmonize laws, regulatory guidelines or policies in order to facilitate a large scale adoption of state of the art financial technologies and financial instruments.

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