In the past several months, bad actors have escalated their attacks against critical infrastructure and industries. These actions are bringing renewed focus to the role of cryptocurrencies in facilitating criminal activity and helping foreign governments evade sanctions and to the resultant need for heightened regulatory intervention.
According to the 2020 Global Innovation Barometer from GE, COVID-19 had a significant downward influence on innovation. However, community banks found themselves in a different category—increasing their innovative thinking during the pandemic.
The past year has been a trying time for our nation, particularly for America’s elderly population who were disproportionately impacted — both in terms of hospitalizations and deaths — from the coronavirus pandemic.
In the wake of the high-profile cyberattacks on SolarWinds and Colonial Pipeline affecting national security and the everyday lives of Americans, cybersecurity has never been a more pressing concern to community banks.
CBDCs are taking center stage around the globe, with multiple research projects underway. As central banks lay the framework for digital currencies, how money movement is architected could have a significant impact on community banks.
What is galvanizing the world market to pursue central bank digital currencies? The factors are varied. In this edition of ICBA’s Digital Dollar Digest series, we explore the catalysts for global interest in central bank digital currency (CBDC).
Black-owned community banks have a long history of serving Americans historically left out of the mainstream banking system. Many well-established community banks continue this legacy today, but one troubling trend has emerged in the past two decades.
The payments industry is abuzz with excitement as one topic continues capturing headlines, with profound implications for community banks: Bitcoin. With digital currencies reshaping the U.S. payments system that community banks and their customers depend on, what exactly is Bitcoin and where did it come from?
While community banks have again proven their importance to local communities as Paycheck Protection Program leaders, public banking proponents in some states and municipalities threaten to undermine this system and its benefits to consumers.