Banking

Banking

Santander: Blockchain Tech Can Save Banks $20 Billion a Year

Blockchain tech could reduce banks' infrastructural costs by $15-20 billion a year by 2022, says a new report by Santander InnoVentures.

Business  ·  16 June 2015
Australia

Australian Banks Westpac and ANZ Experiment With Ripple

Two of Australia’s ‘big four’ banks, Westpac Banking Corporation and the Australia and New Zealand Banking Group, are experimenting with peer-to-peer transfers on the Ripple protocol. The news, revealed by The Australian Financial Review, follows last month’s announcement that the Commonwealth Bank of Australia (CBA) – another ‘big four’ rival – is trialling the tech for transfers between […]

Business  ·  9 June 2015
Banking

LHV Bank Develops Wallet App Built on Bitcoin’s Blockchain

Estonia’s LHV Bank has backed a project to create a financial services platform and money-transfer app that will utilize bitcoin.

Business  ·  8 June 2015
BitMEX

BitMex Founder: Grexit Will Not Spark Bitcoin Surge

Bitcoin will not see a surge in Greece following this week's debt payment decision, BitMex's founder has said.

Business  ·  2 June 2015
Australia

Australia’s Commonwealth Bank Latest to Experiment With Ripple

Australia's Commonwealth Bank announced it would use Ripple technology at its subsidiaries, with a view to incorporating digital currencies in future.

Business  ·  29 May 2015
Banking

The Value of Replicated, Shared Ledgers from First Principles

In this post, Richard G Brown develops an argument for replicated shared ledgers from first principles.

Markets  ·  3 May 2015
Exchanges

Bitcoin Exchange ItBit Seeks Bank License With Ex-FDIC Chair

Bitcoin exchange itBit has filed an application for a state banking license in New York, the NYDFS reports.

Policy & regulation  ·  23 April 2015
Banking

Santander InnoVentures Chief on Blockchain Tech’s ‘Bigger Picture’

Mariano Belinky, managing director of Santander InnoVentures discusses whether distributed ledgers have the potential to transform banking.

Markets  ·  23 April 2015
Banking

Bitcoin and Blockchain Up for Debate at FutureMoney Conference

Bitcoin’s consumer appeal and the technical promise of distributed ledgers were hotly debated topics during yesterday's FutureMoney event.

Business  ·  22 April 2015
Banking

JPMorgan CEO: We Can Learn From Technologies Like Bitcoin

Jamie Dimon, chairman and president of JP Morgan Chase, says his bank can learn from disruptive payment systems like bitcoin.

Business  ·  10 April 2015
Banking

UBS to Research Blockchain Technology in London Lab

Swiss investment bank UBS will open a London-based research lab to explore the application of blockchain technology in the fintech industry.

Business  ·  2 April 2015
Banking

British Banking Association: Bitcoin is a Real Threat to Banks

As cryptocurrencies grow in popularity, they will continue to threaten revenue streams of the traditional banking system, according to a new report from the British Banking Association (BBA). A section of The Digital Disruption: UK Banking Report looks specifically at cryptocurrencies and the impact they have already had, and will continue to have, on people’s […]

Business  ·  27 March 2015
Banking

Goldman Sachs Report Says Bitcoin Could Shape ‘Future of Finance’

Goldman Sachs has published a report naming bitcoin and Ripple among the technology trends that could shape the future of global finance and payments.

Business  ·  11 March 2015
Regulation

US Bank Regulator: Virtual Currencies Could Be ‘Revolutionary’

Speaking before the Institute of International Bankers this week, the US Comptroller of the Currency discussed virtual currency.

Policy & regulation  ·  4 March 2015
Banking

Bank of England: Digital Currencies Could Revolutionise Payments

A combination of digital currencies and mobile technology may reshape the payments landscape, according to a new Bank of England research report.

Business  ·  25 February 2015