Banking

Blockchain Applications

SIA Group, R3 Team Up for Blockchain Finance App Network

Technology infrastructure provider SIA Group and DLT consortium R3 have teamed up in an effort to get banks and corporates using blockchain apps.

Business  ·  8 November 2017
Investments

11:FS Backs Off $50 Million Blockchain for Banking Fund

An emerging fintech consulting firm has revealed that it shuttered a fund aimed at raising money for enterprise blockchain startups.

Business  ·  7 November 2017
Thailand

Thai Bank Taps IBM for Contract Management Blockchain Pilot

Thailand's Bank of Ayudhya and IBM have completed a blockchain pilot aimed to streamline the contract management process.

Business  ·  7 November 2017
Banking

UBS Chief Economist Compares Bitcoin to Tulip Mania

UBS chief global economist Paul Donovan has compared bitcoin to the Netherland's 1600s tulip crisis, but noted he was a fan of blockchain technology.

Business  ·  6 November 2017
Europe

London Stock Exchange Exec: Fiat Cash Impeding Blockchain Trials

An exec from the London Stock Exchange hinted at growing pains for bank blockchains Tueday, suggesting fiat currencies may be hindering innovation.

Policy & regulation  ·  31 October 2017
Banking

R3 Unveils Cross-Border Payments Platform Built on Corda DLT Tech

R3 and 22 of its member banks have announced a cross-border payments platform built on top of the company's Corda distributed ledger.

Business  ·  31 October 2017
FCA

BTC to DLT: Why Aren’t Banks Giving Blockchain Startups Accounts?

A recent report by the FCA recognized that cryptocurrency startups have a hard time getting bank accounts. CoinDesk's Noelle Acheson looks at why.

Business  ·  30 October 2017
Banking

UBS CEO: Blockchain to Play ‘Big Role’ in Reshaping Industry

The CEO is the latest to raise doubts about cryptocurrency, which also banking on blockchain to make his business simpler and easier.

Business  ·  27 October 2017
Banking

Japan’s SBI Holdings Is Gearing Up to Mine Bitcoin

The financial services division of Japan’s SBI Group has revealed plans to move deeper into the world of cryptocurrencies and blockchain.

Business  ·  27 October 2017
China

Hong Kong, Singapore to Collaborate on DLT Trade Finance Platform

Hong Kong's banking authority has announced a new collaboration with Singapore aimed to digitize trade finance with distributed ledger technology.

Business  ·  25 October 2017
Banking

R3 Files Patents for ‘Dynamic’ DLT Recordkeeping

Consortium startup R3 has filed two patent applications detailing ways to apply distributed ledger tech to agreements between financial institutions.

Business  ·  23 October 2017
Exchanges

Thinking Big? Bank Blockchains Will Advance By Doing Anything But

Recently announced bank blockchain projects may be modest in scope, but they are beginning to paint a much larger picture.

Business  ·  23 October 2017
Europe

UK Regulator: DLT Startups Are Being Denied Banking Services

The U.K.'s Financial Conduct Authority found that DLT businesses do not receive loans from banks as much as other companies.

Business  ·  23 October 2017
Banking

Mastercard Expands Access to B2B Blockchain Payment Tools

Credit card giant Mastercard has opened access to its blockchain APIs, indicating it wants to focus on business-to-business and cross-border payments.

Business  ·  20 October 2017
Banking

Islamic Development Bank to Research Sharia-Compliant Blockchain Products

Saudi Arabia's Islamic Development Bank (IDB) is developing sharia-compliant products based on blockchain technology.

Business  ·  20 October 2017