FinTechUpdate

Bitcoin is Bad, Blockchain Is Revolutionizing, Says VMware CEO

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“Bitcoin as its implemented and implementation of blockchain and distributed ledger I assert is bad,” says VMware CEO Pat Gelsinger. “Its purpose is almost all illicit and it’s an environmental crisis. This is a terrible implementation of blockchain. I’m not saying that blockchain is bad. I think it is revolutionizing. This is breakthrough innovative technology […]

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Huge Wave Of Digital Transformation, Says Salesforce CEO

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“There’s a huge wave of digital transformation,” says Salesforce co-CEO Keith Block. “A lot of these different technologies are coming together. I have the opportunity and Mark has the opportunity to go around the world and talk to a lot of other CEOs. There’s just this huge imperative around digital transformation. Everybody needs to get

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People Are Going To Give a Hard Look At Cloud Security

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“People are going to really give a hard look at cloud security,” says Darktrace CEO Nicole Eagan. “At the end of the day, it also says when you have something of this scale why not use some artificial intelligence or something that could have spotted this. Actually what was done was pretty blatant. It was

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Our Efficiency Is Driven By Technology

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“It’s absolutely a fair statement that we are actually a technology company that is really fabulous at banking,” says Bank of America CEO Brian Moynihan. “We have 37 million digital customers, 28 million mobile customers. It’s all been automated, wires and stuff, but now the interface with the customers is much more automated. That efficiency

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Facebook’s Libra Is a Force For Good, Says PayPal Co-Founder

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“In general, Libra is a force for good,” says PayPal Co-Founder and Affirm CEO Max Levchin. “It’s a really interesting experiment. I’m glad they’re doing it in a way that isn’t just Facebook because of all the headwind that Facebook has experienced with the regulators. There are many questions to ask about the practical applications.

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How WEX Has Dramatically Diversified Its Payment Solutions

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“Over the last several years in the company’s history we’ve diversified the business so that we have less and less exposure to fuel,” says WEX CEO Melissa Smith. “But as fuel prices go up we do have some benefit from that and when fuel prices go down we do have something negative to that. When

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We’re Offering Technology-Driven Virtual Banking, Says WeLab CEO

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“We got our virtual banking license in April,” says WeLab CEO Simon Loong. “These are very exciting times. We’re busy building a bank, hiring, recruitment, that’s our core focus. What we’re working on right now is rebuilding the core functions of the bank but with a more innovative and more tech-driven approach. Traditional banks have

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Every Sector of the Economy is Going to Benefit From Robotics and AI

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“We are on the cusp of ubiquitous automation,” says ROBO Global President William Studebaker. “We have an undeniable inflection point because of the performance capabilities of computing and the cost curve declining such that these now are technologies that used to be science fiction but now have actual use applications. Fast forward six years later

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Incredibly Positive For Blockchain Market to Have Facebook Leaning In, Says Ripple CEO

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“It’s an incredibly positive signal for the overall blockchain and crypto market to have a player like Facebook leaning in,” says Ripple CEO Brad Garlinghouse. “There’s been obviously a lot of skepticism in the origins of crypto coming from kind of an anti-government and anti-bank point of view. To see major industry players lean in

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A Facebook Coin is Probably the Next Big One, Says Blockchain Capital Co-founder

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“For multinationals to issue their own currencies and request that their consumers purchase in that particular currency is not that outlandish,” says Blockchain Capital co-founder Gavin Brown.  “So perhaps with multinationals being what they are the fact that they are able now digitally and technologically to issue their own currencies and request their consumers to

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