Worlds collide: JPM works with team behind anonymous crypto Zcash | American Banker


The creators of a top “altcoin” are building privacy features for JPMorgan’s blockchain platform. Source: Worlds collide: JPM works with team behind anonymous crypto Zcash | American Banker This is a well written and well-cited article. If you study the article and make use of all the hyperlinks, you will have learned a lot.

Only Robots Can Tally What the Largest U.S. Pension Fund Pays in Fees – WSJ


The nation’s largest pension plan has 380 people overseeing $320 billion in assets. But when one of its top officials was asked during a board meeting how much in performance fees was paid to private-equity managers, he had to acknowledge no one knew. Source: Only Robots Can Tally What the Largest U.S. Pension Fund Pays…

Hackers Just Stole $66,000 in Bitcoin. Now What? – WSJ


The hackers behind the massive WannaCry cyberattack have succeeded in extracting some ransom payments from people locked out of their computers. But they don’t yet have dollars to show for it. Source: Hackers Just Stole $66,000 in Bitcoin. Now What? – WSJ All that effort and misery for $66? They must just wanna cry.

OIG: The CFPB Can Improve Its Practices to Safeguard the Office of Enforcement’s Confidential Investigative Information – CFPB Report 2017-SR-C-011


Oops! The Office of Enforcement did not timely restrict access to confidential information for reassigned or transferred personnel. In addition, the office’s labeling and storage standards were inconsistently followed and its naming conventions for investigative files were inconsistent, which could increase the risk of unauthorized disclosures. During our fieldwork, the office took steps to improve…

Why Wells Fargo is stepping up fintech partnerships now | American Banker


In so doing, the $2 trillion-asset bank is adapting to a truth more banks are acknowledging: that customers are no longer coming directly to their branches, apps, websites or call centers. Instead, consumers are increasingly interacting with bank products in other places like Apple Pay, Facebook Messenger or Amazon Alexa. The internet of things promises…