Author Archives: Tom Groenfeldt

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About Tom Groenfeldt

I write - mostly about finance and technology, sometimes about art, occasionally about politics and the intersection of politics and economics. My work appears on Forbes.com and and occasionally in The American Banker and Banking Technology in London.

OpenFin Wins Award At Trading Tech Summit In London

OpenFin won the Fintech Innovation Award at the TradingTech Summit in London on the 27th February. This award complements OpenFin’s recent accolades, including: winning Best open source initiative at the HFM Technology European Technology Awards 2018; being named FinTech of … Continue reading

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Why The Fed Will Create Its Own Real-Time Payments System

Prediction — The Federal Reserve will announce before Labor Day that it will build a real-time payment system to offer an alternative to the system that has been started by TCH and Mastercard using the Vocalink technology it acquired when … Continue reading

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Payments Are Moving To Real-Time Around The World, The U.S. Plays Catch-Up

Payment systems are moving to real-time around the globe, according to a the fifth annual “Flavors of Fast” report from FIS, the financial technology powerhouse. The annual report was begun by Clear2Pay, which FIS acquired in 2014. FIS found 40 … Continue reading

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Money 2020 USA Hackathon Aimed At Financial Health And Inclusion

The Money 2020 USA Hackathon in Las Vegas this year set a challenge of financial inclusion. “Help Visa create a future where consumers, families, or small businesses are able to reach their financial goals using innovative solutions. Join us to … Continue reading

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Nerdwallet Wants To Make Comparison Shopping For Financial Services Simple

“Most people don’t want to learn about personal finance in detail; they just want to know they aren’t screwing up,” said Tim Chen, who is CEO of Nerdwallet, the comparison site for financial products from credit cards to mortgages. For … Continue reading

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Shazam! Experts Fell For a Fake Product From A Nonexistent Company In A Fraud Test

Cyber security pros and risk analysts should be better than the average person at detecting fraud, but a little over three percent submitted their personal identification information to sign up for an app described as “Shazam for voice identification.” Credit … Continue reading

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Gates Foundation Supports Expansion Of An Open Mobile Banking Platform in Africa

Two of Africa’s largest mobile operators and mobile money providers, Orange Group and MTN Group, have announced they will use open source financial services technology that was sponsored by the Bill and Melinda Gates Foundation. The two companies call their … Continue reading

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Social Security? The Numbers Say To Get In Early As Possible

Take Social Security as soon as you can — at 62 advises Steve Maersch, contradicting just about everyone in the retirement advice business. He even lists some of them: The Wall Street Journal, Forbes, Kiplinger magazine, Consumer Reports, Motley Fool, … Continue reading

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Does Anyone Outside PR Firms Think Surveys Are Newsworthy?

In a recent blog at Articulate Communications I wrote about the number of surveys that public relations firms send out, and how useless many of them are. I just reviewed my Inbox to see what the recent evidence is…the results … Continue reading

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SAS Beefs Up Cyber Protection With New Fraud and Security Unit

SAS has created a new global Fraud and Security Intelligence Division to help organizations better detect and combat threats from fraudsters and hackers. The division will further focus and sharpen the SAS efforts to combat fraud and cybersecurity threats. The … Continue reading

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