Tom Groenfeldt

About Tom Groenfeldt

Tom Groenfeldt is a freelance reporter who focuses largely on finance and technology including trading, risk, back-office systems, big data, analytics, retail banking, international banking, and e-commerce. His work appears in several publications, including in the U.S. and Banking Technology in London. In 2015, he was named to the "FinServ 25," the top 25 top global influencers in banking, by The Financial Brand.

blockchain, finance, banking, digitalization, digitization, innovation

Blockchain: Biggest Trade Finance Innovation Since Cuneiform Tablets?

28-Dec-2017 | Tom Groenfeldt

Blockchain will get down to business in finance during 2018, according to Grainne McNamara, PwC’s financial services blockchain leader. "People are moving out of the lab experience and really loo

finance, financial analysis, analytics, profitability

Analytics Leaders In Finance Have Higher Profitability

15-Dec-2017 | Tom Groenfeldt

[no_syndicate_info][/no_syndicate_info] The phrase “Big Data is the new oil,” is looking more than a little shopworn. Most organizations have far more data than they know how to use, write Tom

real-time payments, finance, banking

U.S. Federal Reserve Takes No Position On Its Real-Time Payments Report

4-Aug-2017 | Tom Groenfeldt

After years of study, conferences, prodding, engaging consultants, trying to embarrass banks at how far the U.S. payments system lags behind other countries, and deflecting attempts at analysis paraly

Customer Trust Is The Key For Banks To Build Long-Term Relationships

23-Jun-2017 | Tom Groenfeldt

The most important factor in banking, according to Javelin Strategy & Research, is not branch location, slick mobile apps, or interest rates on savings (remember those?) Banking is fundamentall

mobile payments

Real-Time Payments Should Be Widely Available By Mid-2018

19-May-2017 | Tom Groenfeldt

Real-time payments will be available across much of the United States by the middle of next year, and the man driving the project at The Clearing House (TCH) said he is frequently surprised at the way

China Leads On Mobile Wallets — Will Others Follow?

28-Apr-2017 | Tom Groenfeldt

Mobile wallets have taken off faster in China than in the U.S., concluded a recent Forrester Research study. It found that 76% of metro Chinese consumers use mobile wallets or are interested in doing

Bankers Undecided – Are Fintechs Friend Or Foe?

27-Apr-2017 | Tom Groenfeldt

Financial services firm are keeping a wary eye on fintech companies, PwC concluded in its Global FinTech Report for 2017. Nine in 10 financial firms expect to lose revenue to fintechs, with expected l

Bots Are Coming To Restaurants And Financial Services

26-Apr-2017 | Tom Groenfeldt

The bots are coming for financial services. This week Mastercard announced Masterpass-enabled bots on Facebook Messenger for The Cheesecake Factory, Subway, and FreshDirect. With the bots, consumers c

China And Hong Kong Doubled Fintech Investment In 2016, Passing U.S.

31-Mar-2017 | Tom Groenfeldt

In 2016, China surpassed the U.S. in financial technology (fintech) investment for the first time, according to Accenture’s analysis of data from CB Insights, the authoritative global venture-financ

mobile payments, retail

Survey: Mobile Payments Can Boost Growth And Profitability

24-Mar-2017 | Tom Groenfeldt

Companies that accept mobile payments are growing faster and more profitably than companies that don’t, according to a recent study done for NTT Data. The fastest-growing companies are also the m