The intersection of banking and technology, such as artificial intelligence, most prominently appears in fraud management and customer service.
United Bankshares Inc., which has 139 branches in five states and Washington, D.C., is also innovating.
A crypto asset can be used as an investment, to transfer amounts or for access to services, and does not constitute a form of legal currency.
Lorenzo de’ Medici founded the bank alongside Ed Boyle, who was previously managing director of Americas at Fidor Bank and vice president and general manager of American Express’ prepaid card business before that.
The launch of this new service will initially be aimed exclusively at institutional investors, who will invest through Fidelity’s new digital asset trading service, aptly dubbed Fidelity Digital Assets
It may sound over-simplistic, perhaps even trite, but investment managers must be clear about why they want to automate and have defined the outcomes they are seeking.