This is a roundup of industry news and links for the week of March 18th that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
Shaw Welcomes Fred Coia – Shaw Systems is growing again! Shaw welcomes Fred Coia to the Richmond office as our new Chief Strategy Officer. In this role, Fred will report to Chris Shaw and will be working on developing and executing our strategy across our company’s technology and client goals.
Regulatory Compliance Update March 2019 – We have reviewed the Compliance News for February 2019. The banking regulators (Federal Deposit Insurance Corporation, the Federal Reserve and the Office of the Comptroller of the Currency) have proposed changes. The FFIEC has announced changes in the Call Report and the NCUA has published changes in the Credit Union Call Report.
IBM debuts blockchain network for cross-border payments – IBM has unveiled a global blockchain network, Blockchain World Wire, that will offer near real-time cross-border payment exchange and international settlement.
Blockchain World Wire can transfer funds in 47 currencies to locations in 72 countries, and the company is calling it the first blockchain network of its kind to integrate payment messaging, clearing and settlement in a single unified network.