K6 Blog

With a majority of Americans using smartphones as their main entry point to the online world, consumer expectations of access to financial services from their mobile devices are on the rise.  Financial institutions are finding more and more that mobile options for consumers are not options at all but instead are imperatives to business success.  ​ So just how comfortable are consumers with using a mobile device t o review, understand, and sign actual legal documents? ​ Join Ken Moyle of K6 Partners and host Joe Hopper,  Ph.D. of Versta Research for a  free one hour webinar on Tuesday, September 12 at 2PM CST as we analyze two independent studies on consumer preferences, behaviors and expectations. The Electronic Signatures and Records Association (ESRA) and Wells Fargo are sponsoring this event.  This is your opportunity to enhance your digital electronic signature strategies through direct insight into today’s consumer needs, behaviors ...

Initial coin offerings (ICOs)   have been hailed as a disruptive new business paradigm that allows startups -- most of which are focused on blockchain or distributed ledger technology (DLT)-- to raise operating funds without the regulatory constraints and requirements that are applied to a traditional underwritten IPO. Being positioned safely outside the regulatory framework, ICOs have become a very attractive and flexible fundraising tool.  The SEC has made it clear , however, that some ICOs are subject to the full reach of the securities laws. ICO market participants must now distinguish those ICOs that may continue without regulatory constraints and those that must now conform to the U.S. securities laws. This treatment is not elective or optional - if the ICO involves the offering of a security, the ICO must be done in accordance with established securities law requirements or proceed under an exemption if available. In its July 25, 2017  Report , the SEC concl...

By Ken Moyle Here are five basic principles underlying blockchain technology. 1. Distributed Database  Each party on a blockchain has access to the entire database and its complete history. No single party controls the data or the information. Every party can verify the records of its transaction partners directly, without an intermediary. 2. Peer-to-Peer Transmission  Communication occurs directly between peers instead of through a central node. Each node stores and forwards information to all other nodes. 3. Transparency with Pseudonymity  Every transaction and its associated value are visible to anyone with access to the system. Each node, or user, on a blockchain has a unique 30-plus-character alphanumeric address that identifies it. Users can choose to remain anonymous or provide proof of their identity to others. Transactions occur between blockchain addresses. 4. Irreversibility of Records  Once a transaction is entered in the database an...

You're not Facebook. You're not Google. You are part of an institution that's been around a lot longer than the internet. Your business is healthy. You've got customers, employees and suppliers who know you and trust you. But something's happening out there. New employees roll their eyes at your form-laden onboarding process; customers complain about your rigid delivery constraints; vendors use contracting tools that outpace your procurement systems; new competitors are springing up with "disruptive" approaches to the market, ever more capable of providing what their customers want, at the time and place they want it. You are coming to realize that technology adoption is no longer an option. Companies less able to adapt have already disappeared, many unaware that the world had passed them by. You are different, and that's why you've been around so long. "90% of companies are likely to be disrupted, yet less than half are preparing fo...