Some Wall Street Banks Continue to Believe in Blockchain

There has been a lot of discussion in the last few years about blockchain technology and its potential impact on financial services; some banks like Bank of America and Wells Fargo have dismissed the technology and are not actively pursuing significant projects; other banks are believers and have begun sinking big dollars into long term efforts; American Banker takes a look at the blockchain progress for JPMorgan Chase, State Street, Northern Trust, Fidelity and BNY Mellon; Northern Trust had made advancements on smart contracts, State Street aims to be more efficient, JPMorgan Chase partnered with Microsoft to improve Quorom, BNY Mellon hired a new Blockchain head and Fidelity built a crypto trading desk. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!