In our industry if you’re not moving forward, you’re in danger of falling behind. It’s why we created the ICBA ThinkTECH Accelerator program—to foster community bank innovation. And it’s why we encourage community bankers to take part—serving as mentors and furthering their own professional development in the process.
We have had to juggle countless responsibilities this year—to our families, to our businesses, to our communities, to each other. With so many simultaneous demands, we have had to make no shortage of sacrifices.
As we near the close of 2020, we’re all crossing our fingers and hoping that 2021 brings a stronger sense of stability and normalcy. No matter how we define it, “normal” will differ dramatically from this point forward.
Bitcoin’s market cap is larger than the economies of some of the world’s smaller nations. The prices of popular cryptocurrencies continue to soar to new heights. Meanwhile, several financial institutions and tech giants announced significant digital asset initiatives.
As you know, there are currently two forms of central bank money in America: paper currency and money held by institutions on deposit at the Federal Reserve Banks. CBDC would be a new, third form — a “digital form of central bank money that is different from balances in traditional reserve or settlement accounts.”
To think differently, you have to, well, think differently. While that is not a profound concept, it can be alarmingly difficult to execute. Yet, having to meet those check boxes before running with an idea means that sometimes the process limits the potential.
Cybersecurity is an ever-changing, ever-evolving practice. Because of this, the right cybersecurity practitioner will require hands-on experience and continuing education throughout their career to stay current in the field.
The experiences of 2020 and our new digital normal have impacted the lens with which we view potential fintechs vying for a spot for next year’s ThinkTECH Accelerator. Much has changed. Here's what you need to know.