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OKGroup leads $2M pre-IPO investment round in fiat-to-crypto service Banxa
Banxa, a full-service, internationally compliant digital banking infrastructure provider, announced today it has completed its USD $2 million Pre-IPO investment round. The round was led by OK Group, a global blockchain technology and service provider focused on the research and development of the technology and its all-scenario applications. дальше »
2020-7-1 18:54 | |
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Has the COVID-19 Crisis Rejuvenated the Blockchain Industry?
Blockchain is often touted as a potential solution to a great many sectors, with the technology’s perceived efficiency, security, and transparency seemingly able to innovate banking and financial systems, supply chains, and even the internet. дальше »
2020-6-23 16:37 | |
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How Central Bank Digital Currencies Could Inadvertently Destroy the Banking System
The rise of digital currencies has shone a bright light on the future of contactless payments, and central banks seem to be catching on the idea. Central Banks, in this case, represent governments that have realized the vigor of financial technology and moved to prevent a crisis as more people migrate from the use of […] дальше »
2020-6-17 20:47 | |
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OCC Possibly Eyeing Crypto Banking Regulations
The Office of the Comptroller of the Currency (OCC), may be looking to bridge the gap between cryptocurrencies, blockchain technology, and traditional banking institutions. The financial regulator recently issued an Advance Notice of Public Rulemaking (ANPR). дальше »
2020-6-5 16:28 | |
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RSK Blockchain Empowering the Social Impact Space
Although blockchain technology is consistently touted as a force to reckon with in the traditionally heavyweight industries including finance and banking, the technology’s peculiar characteristics such as immutability, and safety, among others, make it an ideal fit for the social impact sector. дальше »
2020-5-29 18:07 | |
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UAE Leverages Blockchain Technology to Flatten Corona Curve
Blockchain is finding its way into almost everything these days. From banking to medical insurance, to even growing flowers, the technology is positioned by most as a one-size-fits-all. Now, the ongoing COVID-19 pandemic is causing countries around the world to search for novel ways to curb the spread. дальше »
2020-5-21 14:00 | |
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Tech Consortium Behind Zilliqa Partners German Bank’s Fintech Arm to Explore Blockchain Solutions
According to a press release issued on May 15, 2020, Singapore-based group of technology companies Anquan Capital Pvt. Ltd. – responsible for the launch of the high-throughput network Zilliqa (ZIL) – has joined forces with the fintech arm of German bank WEG Bank AG to explore blockchain applications for banking and financial services. дальше »
2020-5-19 14:00 | |
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Spanish Banking Giant Santander to Bring Ripple’s Payments Solution to Mexico
According to a report published by The Block, on March 30, 2020, Spanish banking titan, Santander, is all set to bring its Ripple-enabled payment solution to Mexico later this year. Ripple Looking to Tap the Mexican Remittance Market San Francisco-based distributed ledger technology (DLT) firm, Ripple Inc. дальше »
2020-3-30 17:00 | |
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Japanese Securities Regulator Launches Blockchain Initiative
The Financial Services Agency (FSA), Japan’s premier regulator for securities, banking, and insurance, has announced the Blockchain Governance Initiative Network (BGIN) as a means of gathering stakeholders so they can broaden their understanding of the technology and implement it in a sustainable manner, as reported by Finextra, March 11, 2020. дальше »
2020-3-12 22:00 | |
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NetCents to expand white-label crypto banking solution within Europe
NetCents, a cryptocurrency payments technology solutions provider, announced that it is expanding its global presence with a defined growth plan for its operations in the European Market. The company is negotiating with multiple European banks in the development of two specific outcomes: 1) facilitating the ability to service its growing European merchant-base to support transaction growth; […] CryptoNinjas: NetCents to expand white-label crypto banking solution within Europe дальше »
2020-3-5 21:19 | |
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HSBC to Drop 35,000 Jobs and Invest in Digital Finance
Banking giant HSBC plans to terminate about 35,000 of global jobs while doubling down on disruptive technology
дальше »2020-2-20 01:08 | |
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What is DeFi? New World of Decentralized Finance
DeFi in a nutshell What is Decentralized Finance? Decentralized Finance, short DeFi, stands for the combination of classic financial concepts and products, as they are known from the banking industry, with blockchain technology. дальше »
2020-1-31 16:55 | |
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Japan’s Second Biggest Bank Joins SBI Holdings By Investing In Ripple-Powered MoneyTap
Japan’s second-biggest banking institution has teamed up with SBI Holdings to develop a financial service platform that will be based on blockchain, Japanese based Nikkei reports. Sumitomo Mitsui Banking Corporation (SMBC) is set to deposit money in Japanese financial conglomerate in efforts to enhance the utilization of distributed ledger technology (DLT) within the trade finance […] дальше »
2020-1-31 02:12 | |
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Blockchain usecase in insurance
Blockchain usecase in insurance: Blockchain is a huge distributed ledger technology that is widely being adopted for implementation in various fields of work. Presently, a lot of applications of blockchain have been identified in the financial and banking industry. дальше »
2020-1-25 10:30 | |
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American Economist Jeffrey Tucker Calls XRP Actively Used by Ripple ‘Brilliant Technology’
Coinspeaker American Economist Jeffrey Tucker Calls XRP Actively Used by Ripple ‘Brilliant Technology’The American economist said that Ripple's XRP-based solutions address the concerns of modern banking and thrive on the failure of banking systems like SWIFT to adapt to today's world. дальше »
2019-12-24 20:18 | |
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$980 Billion Dutch Banking Giant, ING, To Step Into Cryptocurrency Custody Game
ING, a Dutch bank, is presently seeking to get involved in cryptocurrency with a new custody solution of their own. According to reports from Reuters, sources familiar with the matter have stated that the new technology will make it possible for clients to store digital assets with the bank. дальше »
2019-12-12 17:39 | |
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Berlin-based solarisBank launches subsidiary for digital asset services
solarisBank AG, a Berlin-based banking technology company, today announced the establishment of its subsidiary solaris Digital Assets GmbH. The 100% subsidiary of solarisBank will provide an API-accessible platform that adds a custody solution to the full range of solarisBank’s digital white-label banking services. дальше »
2019-12-11 19:24 | |
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India: Minister Says Government Working on National Level Blockchain Framework
According to a report by The Economic Times published on November 27, 2019, the Indian Minister of State for Electronics and Information Technology (MeitY) – Sanjay Dhotre – has stressed the importance of blockchain technology in streamlining operations in various domains such as governance, banking and finance, and cybersecurity. дальше »
2019-11-28 12:00 | |
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China Digs Deeper into Digital Banking with Blockchain Investment Fund Launch
As the price of bitcoin drops back down to $8,300 level for the first time since October 25th, the Chair of the Shenzhen’s HDFH, which stands for the Hande Financial Technology Holdings, has made an announcement at the today’s second China International Import Expo event. What he had to say in his speech is that […] дальше »
2019-11-19 01:54 | |
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Northern Trust To Test Fractionalize Bonds On Hyperledger Sawtooth In Partnership With BondEvalue
Northern Trust, a custody bank, has begun to test the trade of fractionalized bonds using blockchain technology. The banking institution is working together with BondEvalue, a debt market firm based in Singapore. дальше »
2019-11-16 00:10 | |
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Indian Government Programs Add New Crypto Courses
The Indian government has added new educational courses teaching cryptocurrency and blockchain technology to the public and law enforcement officers. Amid regulatory uncertainty and banking restrictions, cryptocurrency and blockchain technology remain important topics of study in India. дальше »
2019-11-14 16:00 | |
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Tech Giant Google Gets into Banking Following Apple, Facebook Pay & Crypto Project “Libra”
Alphabet Inc.’s Google will start offering checking accounts to consumers sometime next year, becoming the latest technology giant to push into banking and finance. The project named Cache, created in partnership with Citigroup Inc and a small credit union at Stanford University is following in the footsteps of tech heavyweights Apple and Facebook that moved […] дальше »
2019-11-13 17:43 | |
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Blockchain Land Registry Project to be Deployed by Inter-American Development Bank
The Inter-American Development Bank has started using blockchain technology for land registries. After saying they would start this project for years, the bank has finally made the move to begin implementing the technology. дальше »
2019-10-29 01:04 | |
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Chinese Banks Should Immediately Embrace Blockchain, Says Top Central Bank Official
Less than a week after President Xi Jinping’s iconic speech on blockchain technology, another top official from the Chinese government has openly endorsed decentralized distributed ledgers as the future of banking and financial institutions. дальше »
2019-10-29 11:07 | |
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ING Bank Fixes Security and Privacy Loophole in Corda Blockchain
ING Bank, a Dutch multinational banking and financial services corporation that has been exploring the potential of distributed ledger technology (DLT), has patched the security and privacy loopholes present in R3’s Corda blockchain platform by applying zero-knowledge proofs (ZKPs) to Corda’s notary service, according to reports on October 23, 2019. дальше »
2019-10-24 09:30 | |
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ING introduces zero knowledge proof notary service
ING, a global banking company, announced today that its distributed ledger technology (DLT) team has launched a new zero-knowledge proof notary service, a blockchain breakthrough that improves the privacy and security of transactions on Corda, an open source blockchain platform. дальше »
2019-10-24 19:05 | |
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National Bank of Cambodia (NBC) To Test Bakong Crypto Wallet For International Payments
The Central Bank of Cambodia has recently announced that it plans to diminish the costs of cross-border transfers and payments by using a digital wallet based on a blockchain called Bakong, powered by the Hyperledger technology. дальше »
2019-10-19 00:05 | |
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Italian Banking Association Uses Blockchain to Test Data Reconciliation Successfully
The banks from the Italian Banking Association (ABI) have processed a reconciliation of data from an entire activity of the year using the blockchain technology. According to the group’s press release, the tests were successful and proved that the technology could be very useful to local banks. During this first test, the group processed around […] дальше »
2019-10-15 00:46 | |
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Ripple to Bring Blockchain Technology to Finastra’s Banking Customers
Collaboration will enable financial institutions using Finastra’s solutions to make fast and reliable cross-border payments. LONDON, October 9, 2019 – Ripple and Finastra have teamed up to offer Ripple’s blockchain technology through Finastra’s payments solutions to support fast cross-border payments. дальше »
2019-10-9 10:02 | |
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HashCash Building DLT Solution for a Global Bank
HashCash Consultants, a software firm that claims to be developing distributed ledger technology (DLT) solutions that allow enterprises to facilitate real-time cross-border payments, has inked a strategic partnership deal with an unnamed global bank for the development of core banking solutions aimed at increasing the speed, security and efficiency of banking processes, reports Yahoo FinanceRead MoreRead More. дальше »
2019-10-7 17:00 | |
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The Banking Industry Cashes in on the Crypto Craze
In the infancy stages of cryptocurrency development, banks were outwardly hostile towards digital currency. However, the widespread adoption of blockchain-based technology for processing financial transactions quicker, safer, and more efficiently has led to a rethinking of traditional thought processes among notable banking giants. дальше »
2019-10-1 10:59 | |
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R3, Infosys, and Banks Trial Blockchain-Based Trade Finance System
Infosys, an Indian corporation that provides banks with universal digital banking solutions, has partnered with financial institutions across 19 countries to trial R3’s distributed ledger technology (DLT) based solution for trade finance, reports livemint, September 23, 2019. дальше »
2019-9-24 23:00 | |
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Arab Bank Switzerland to Offer Bitcoin Custody and Brokerage Services
According to a report published by swissinfo. ch on September 19, 2019, Arab Bank Switzerland has joined the list of established banks which offer access to digital asset products. A New Bank in the Crypto Sphere Arab Bank Switzerland, a bank specializing in private banking and trade financing, has partnered with blockchain technology firm Taurus, toRead MoreRead More. дальше »
2019-9-20 09:00 | |
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Bank of America Joins Marco Polo Blockchain Network
According to a press release published on September 19, 2019, U. S. financial institution Bank of America is joining Marco Polo, a network that aims at enhancing international trade affairs thanks to the blockchain technology. дальше »
2019-9-20 23:00 | |
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Bitcoin Will Put Banks In Their Respective Places Eventually, Investment Expert Affirms
Jared Dillian, an investment strategist who works at Mauldin Economics,recently tweeted that Bitcoin and the crypto technology have the potential to destroy the banking system. According to him, it is not a question of “if, but when” this will happen. дальше »
2019-9-19 23:14 | |
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Sberbank Bank Buys $15M In Debt In Pilot From Trafigura Trading Giant Using Hyperledger’s Fabric
Sberbank, known as the largest banking institution in Russia, recently used blockchain technology to buy around $15 million USD worth of debt in accounts receivable from Trafigura, a commodity trader based in Singapore. дальше »
2019-9-13 23:10 | |
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Panerora’s ICO Blockchain Payment Solution Is Ready to Change Africa
Banking services are not always accessible to everyone, not to mention that they sometimes come with high fees and slow processing time. But how can we change that? Well, Panerora.com has taken blockchain technology to create a revolutionary remittance system, that will provide its users with low-cost and fast transfers no matter where they are […] The post Panerora’s ICO Blockchain Payment Solution Is Ready to Change Africa appeared first on AMBCrypto. дальше »
2019-9-11 14:25 | |
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Hsbc Carries out the First Transaction on the Blockchain-Based Open Trade Platform
According to a press release dated August 22, 2019, HSBC has successfully fulfilled a transaction on we. trade platform, a blockchain-based solution that allows open trade between SME’s of different bank accounts and other trade opportunities thanks to smart contract technology. дальше »
2019-8-24 22:35 | |
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Australia’s Largest Bank ‘CommBank’ To Use Blockchain-Based BioTokens To Help Environment
The Commonwealth Bank of Australia, known as the largest banking institution in the country, has been using the blockchain technology to tackle the issues of investing in sustainable development. Today, the bank has announced that it is working on something that will be called “BioTokens”. дальше »
2019-8-22 01:32 | |
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IDC Expects Blockchain Spending To Reach $2.7 Billion This Year, $15.9 Billion By 2023, Led By Banks
It is no secret that the blockchain technology is amazing for banking, right? On its newest piece of research, the International Data Corporation (IDC) agrees with that and proves it with data. According to its research, the world will be spending $2. дальше »
2019-8-16 17:26 | |
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Shinhan to Team-up With Kakao’s GroundX and Hexlant to Enhance Blockchain Security System
Shinhan has gained a much-deserved reputation as one of the oldest and largest banking companies in operation within South Korea, has announced a brand new partnership with two emerging Fintech companies. дальше »
2019-8-15 00:30 | |
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New Zealand’s ABS Bank To Invest In Local TradeWindow Blockchain Platform
The ABS Bank, a banking institution from New Zealand that is owned by the Commonwealth Bank of Australia, has recently invested in a local company called TradeWindow. The company uses the blockchain technology and it is focused on creating solutions for supply chains. дальше »
2019-8-14 01:01 | |
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Mastercard’s new job openings points towards its cryptocurrency projects
Contrary to direct resistance toward crypto and its underlying technology, banking giants have begun infusing similar offerings as a differentiator. MasterCard, the multinational financial services corporation has openly listed three senior-level positions to lead efforts in cryptocurrency, focused on payments and wallets solutions. дальше »
2019-8-5 11:50 | |
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