The Point Solution Paradox

A point solution is any software that’s designed to address a single use case or solve one specific business challenge. Tyfone’s Skip-a-Pay digital banking solution is a classic example of a point solution. It [...]

The tyfone Difference

We Really Do Get It! Digital banking moved from a “nice to have” to a “must have” decades ago. However, even after digital banking was well into its “must-have” phase, it was still somewhat of a [...]

Buzzwords 101: Decentralized Finance

As the definition above implies, DeFi is not necessarily the friend of community financial institutions. In its purest form, it seeks to completely eliminate the need for traditional FIs in much the same way that Travelocity, [...]

Buzzwords 101: Cryptocurrency

Before we get into what cryptocurrency is, it’s important to clarify what cryptocurrency isn’t. Specifically, cryptocurrency is not blockchain. The two are connected at the hip, but you can’t use these terms interchangeably. Simply stated, blockchain [...]

Buzzwords 101: Distributed Ledger Technology

To understand distributed ledger technology, or DLT for short, you first need to understand the difference between blockchain and cryptocurrency. It’s easy to conflate these two, so let’s be very clear. Blockchain is a technology platform [...]

Buzzwords 101: Banking as a Service

This may seem like a simple enough definition. However, within its confines lies two completely opposite business models. Exactly how you describe BaaS beyond this definition depends on who is supplying the digital services and who [...]

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