Banking

Russia

Russia’s Sberbank Uses Smart Contract to Settle Three-Way Repo Deal

Russia’s Sberbank has settled a three-way repurchase agreement using blockchain tech, calling it a "world's first."

Business  ·  7 December 2018
Europe

4 Banks Complete €100K Commercial Paper Transaction on R3’s Corda

Four European banks, including Commerzbank and ING, have settled a live commercial paper transaction worth €100,000 on R3's Corda blockchain.

Business  ·  6 December 2018
Banking

Blockchain ‘Radically Simplifies’ KYC, Say UAE Trial Participants

An Abu Dhabi financial center and KPMG say they have successfully completed a trial of a blockchain-based know-your-customer application.

Policy & regulation  ·  5 December 2018
NYDFS

Signature Bank Wins New York Approval for ‘Real-Time’ Blockchain Payments

Signature Bank is launching a blockchain-based real-time payments system in early 2019 and has just got the green light in New York.

Business  ·  4 December 2018
Security

Banking Giant State Street Is Waiting on Client Demand for Crypto Custody

State Street bank says there's no sense of urgency yet from clients for it to move into safeguarding crypto assets.

Policy & regulation  ·  2 December 2018
Coinbase

How Silvergate Became the Leading Bank for Crypto Startups

Silvergate Bank CEO Alan Lane shared his approach to serving the cryptocurrency industry with bankers at the Block FS conference.

Markets  ·  1 December 2018
Ethereum

ConsenSys Backs $2.1 Million Funding Round for Ethereum Privacy Startup

ConsenSys Labs has led a $2.1 million seed round for AZTEC, a startup working to make ethereum transactions private.

Business  ·  29 November 2018
Banks

Goldman, Morgan Stanley Go Live With CLS’ IBM-Powered Blockchain

CLS, the bank-owned currency trading utility, and IBM have gone live with their blockchain-based payment netting service after more than two years in development.

Business  ·  28 November 2018
Banking

Abu Dhabi Bank Settles $500 Million Bond on a Blockchain

Abu Dhabi-based Al Hilal Bank has carried out a blockchain-based transaction for an Islamic bond worth $500 million.

Business  ·  27 November 2018
Banking

Ripple Is Making It Easier for Customers to Integrate XRP. So Far, They Aren’t

Ripple's new version of xCurrent offers easier integration with xRapid, the product that leverages XRP. But so far, clients aren't taking the plunge.

Business  ·  26 November 2018
Ethereum

Amber Baldet: Don’t Force Public Blockchains ‘Down Enterprises’ Throats’

Until there are well-designed privacy features for enterprise applications on public chains, it's premature for firms to use them, says Amber Baldet.

Business  ·  25 November 2018
Europe

Major Banks Sign Up for New EU Commission Blockchain App Association

The European Commission, the EU's executive body, is launching a blockchain app association next year and already has major banks on board.

Policy & regulation  ·  22 November 2018
IPOs

Nearly 500 Crypto Startups Bank at Silvergate, IPO Filing Reveals

The California-based operator of Silvergate Bank has detailed its relationships with the cryptocurrency industry as part of its IPO filing with the SEC.

Business  ·  21 November 2018
Insurance

Deloitte Blockchain Chief: Bad Crypto Headlines Making Clients ‘Nervous’

Hype around ICOs and altcoins “hasn’t helped us,” says Linda Pawczuk, leader of Deloitte Consulting’s financial services industry blockchain group.

Policy & regulation  ·  18 November 2018
Banking

Malaysian Banking Group CIMB Taps Ripple for Blockchain Remittances

Malaysian banking group CIMB has joined Ripple’s blockchain-based payments network, RippleNet, seeking faster cross-border payments.

Business  ·  15 November 2018