Banking

Banking

Microsoft CEO Challenges Swift: Build ‘Useful’ Blockchain Applications

The CEO of Microsoft believes blockchain can have "massive implications," a comment that helped close Swift's annual Sibos conference this year.

Business  ·  20 October 2017
Banking

Blockchain of the Vanities? Sibos, Swell and Stellar Troll in Toronto

No one won the game of trolls, but competition between Swift, Ripple and Stellar is still fierce, even though it might be too early for fists.

Business  ·  19 October 2017
Banking

Bank of America Seeks Patent for Blockchain Processing System

New Bank of America patent filings hint it believes blockchain could one day assist its high-volume data processing objectives.

Business  ·  19 October 2017
Banking

Bank Consortium to Launch Joint Venture for Blockchain Trade Platform

A group of banks, now including Santander, is planning to create a business venture in Ireland for its in-development blockchain commerce platform.

Business  ·  18 October 2017
Banking

‘Red Lyra’ No More: Bank Blockchain Group Rebrands

Alastria, formerly known as Red Lyra, is a Spanish blockchain consortium that has grown to more than 70 members since its launch in May.

Business  ·  17 October 2017
Banking

BNP, EY Complete Blockchain Trial for Internal Treasury Operations

BNP Paribas and EY say they have "successfully" tested a private blockchain for the bank's global internal treasury operations.

Business  ·  17 October 2017
Regulation

Downplaying ‘Digital Assets’: Blockchain Reigns at Ripple’s Swell Event

An upstart financial conference yesterday saw discussion of digital assets – though so-called "unregulated" cryptocurrencies were the butt of barbs.

Policy & regulation  ·  17 October 2017
Regulation

Bernanke at Ripple Event: Blockchain Has ‘Obvious’ Benefits in Payments

Former Fed chairman Ben Bernanke said blockchain technology has the opportunity to innovate in payments during Ripple's Swell conference.

Policy & regulation  ·  16 October 2017
Ethereum

JPMorgan Launches Interbank Payments Platform on Quorum Blockchain

JPMorgan Chase is backing a new blockchain-based platform for interbank payments, the firm announced today.

Business  ·  16 October 2017
Smart Contracts

Swift Startup Winner Demos Smart Contract Trade with 5 Financial Firms

Blockchain startup SmartContract has today unveiled a new a proof-of-concept built with assistance from five major financial institutions.

Business  ·  16 October 2017
ICOs

Afraid of ICOs? Bankers Heap Criticism on Token Tech at Exchange Event

While the ICO market continues to heat up, two top banking executives have spoken of their concerns about the technology.

Business  ·  14 October 2017
Banking

Swift Blockchain Success Sets Stage for Sibos

Swift declares its blockchain proof-of-concept a success, but in the build up to its biggest annual event, implementation is far from certain.

Business  ·  13 October 2017
Banking

Accenture Develops DLT Prototypes for Singapore’s Central Bank

Professional services firm Accenture is working on several prototypes being developed as part of Singapore's "Project Ubin" blockchain initiative.

Business  ·  12 October 2017
Japan

IT Giant Fujitsu Joins Major Banks for Blockchain Money Transfer Pilot

Japanese IT giant Fujitsu and three major banks have announced plans to pilot a peer-to-peer money transfer system built with blockchain technology.

Business  ·  11 October 2017
Bitcoin

Rumor or Not: Goldman Trading Would Change Bitcoin

If Goldman Sachs does launch a bitcoin trading desk, as rumors hint it might, the impact will be felt further afield than the bottom line.

Business  ·  9 October 2017