Blockchain


Ripple joint-venture with SBI brings distributed ledger to Asia

Distributed ledger technology provider Ripple and Japanese financial services firm SBI Holdings have announced the creation of a joint partnership, which will expand Ripple into the Asian market. Ripple, which focuses on the using blockchain-like technology for payments, is based predominantly in San Francisco with presences in New York, London and Sydney. SBI is a US$28 […]

Rudi Collin named head of Digital Transformation at BNP Paribas

BNP Paribas Corporate and Institutional Banking (CIB) has announced that it has appointed Rudi Collin as Head of Digital Transformation for CIB. Previously Collin was head of Electronic Business and Markets for the Global Markets business and prior to this, was chief operating officer for the fixed income division of the bank. In his new role, […]

DTCC: Blockchain is “once-in-a-generation opportunity”

In a new whitepaper, the US post-trade infrastructure provider Depository Trust and Clearing Corporation (DTCC), has voiced its belief that the financial services industry “has a once-in-a-generation opportunity to reimagine and modernise its infrastructure” by employing blockchain in a coordinated manner. Blockchain is the transaction model used to transfer ownership of crypto-currency bitcoin. It was developed […]

Blockchain: ushering a new era in fintech

The distributed ledger – the central nervous system of the Bitcoin system – is the most sweeping departure from the long-standing financial bookkeeping practices followed since the codification of the Medici’s double entry accounting system.

In third parties we (mis)trust?

Technology is transforming trust to the point that people find themselves trusting others with whom they’ve had no experience, on eBay or Facebook, more than banks they’ve dealt with their whole lives.

R3 to involve non-banks in distributed ledger plans in 2016

R3, the bank-led consortium developing the use of distributed ledger technology in financial services, has added 12 new banks as it looks at how to extend its activities to work with buy-side and non-bank institutions in the New Year.

Swift to launch global payment innovation project

Swift is planning to launch a global payment innovation initiative, which it says will dramatically improve the customer experience in correspondent banking by increasing the speed, transparency and predictability of cross-border payments. The platform is due to launch early next year.

Blockchain Ready?

2015 has been a year of extensive discussion about what role blockchain can play in making processes in the financial services industry more efficient. It has also been a year where both banks and start-ups have been testing whether distributed ledger technology can adequately replace costly legacy systems and improve securities processing, writes Brian Collings. […]

The rise of the blockchains: alternative models emerge

If the global payments industry were to be designed from scratch, nobody would design the system which we have today. Yet distributed ledger technology has the potential to bring about dramatic change– if it can overcome the unanswered questions over to what extent the industry should collaborate or compete and whether there will be one model or many different ones, according to speakers and delegates at the European Payments Regulation conference in London on Wednesday.

Kynetix kicks off blockchain commodities consortium

Post-trade technology company Kynetix has launched a blockchain consortium, focused on using distributed ledger technology in commodities markets. The move comes as financial institutions increasingly explore ways to integrate the blockchain concept into mainstream financial services.

Distributed ledger adoption in securities will split front-to-back

Either the distributed ledger is the greatest revolution in financial services for a generation, or it will make little difference to anything, according to the strongly divided opinions expressed by speakers at the Mondo Visione Exchange Forum in London last week.

Data at heart of efforts to rebuild trust — but don’t expect miracles

Trust – or more often, the lack of it – has become a recurring theme in financial services over the last few years. But if financial institutions really wanted to rebuild trust, they might start by looking at some of the safety improvements made by other industries such as the aviation industry, many of which rely on data, according to speakers at the Mondo Visione exchange forum in London.

Santander launches distributed ledger startup challenge

Santander has launched a competition to support startups using distributed ledger technology in financial services. Through its subsidiary InnoVentures, the bank hopes to promote distributed ledger tools that could improve banking processes.

IT vendors may hamper blockchain adoption warns survey

Major global IT vendors – including hardware, systems software, ecommerce, big data, cloud, network, telco and systems integrator companies – have little wisdom, advice or vision to offer their customers and prospects when it comes to blockchain technology, according to a survey just conducted by enterprise IT specialist consulting firm Lighthouse Partners.

Nasdaq launches blockchain platform Linq at Money20/20

Nasdaq’s first fruits from its enterprise-wide blockchain technology plan,the Linq share ownership platform, has attracted an initial group of users it was announced at the Money20/20 conference in Las Vegas this week.

Blockchain: widely discussed but what are the implications?

The fintech revolution is now firmly established, and disruptive technologies are blooming all across the sector. From securities to payments, everyone in the sector is watching to see how the next innovation will affect their business.

Chips off the old blockchain

The distributed ledger is one of the hottest topics in financial services. Born out of the crypto-currency bitcoin, the blockchain concept has gone mainstream and the first area to feel the impact is likely to be payments.