Future of Banking and FinTech

One of banking’s most wanted whistleblowers, Frenchman Herve Falciani, has picked unlikely new weapons to fight money-laundering and fraud – cryptocurrency and the blockchain technology behind it.

A messaging exchange over a potential $1 million deal, between a European asset manager looking to sell bitcoin and broker Joel Fruhman, illustrates the casual and often chaotic nature of cryptocurrency dealmaking.

Banks are set to miss out on as much as $280 billion in revenue from their payments operations by 2025, as new start-ups muscle in and more of the business of sending money to individuals and companies becomes instant and free, according to a new report.

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