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Credorax, Samsung To Introduce Blockchain-Based Open Banking

PYMNTS

Credorax , the smart payments provider and FinTech, has announced a partnership with Samsung to develop blockchain technology to offer open banking services, according to a press release. Digitization in banking is on the rise due to the pandemic, which has seen people and businesses flocking to digital forms of financial services.

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Blockchain Tries To Jolt B2B eCommerce Into The Digital Age

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“The most advanced technology is [electronic data interchange (EDI)].” ” EDI is a mechanism that allows companies to exchange data electronically, to replace manual communication channels like fax or paper correspondence. The technology first emerged in the 1970s. Betting On Blockchain.

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Bank Innovation Launches Public Telegram Channel

Bank Innovation

EXCLUSIVE – Interested in the latest trends in payments, digital banking, blockchain technology, API, security, big data and all the other hot topics in the fintech space? Come join Bank Innovation’s Telegram Group.

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SWIFT Signals Further Openness To Blockchain?

PYMNTS

The movement to bring blockchain to cross-border payments proceeds apace. Might SWIFT be giving a nod, at least partially, toward the use of distributed ledger technology (DLT)? In an interview with CNBC, SWIFT Asia-Pacific Managing Director Lisa O’Connor said that some of its members are indeed using blockchain. One caveat?

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Blockchain Tracker: Insurance Industry Feels Blockchain Impact

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Blockchain technology has the potential to impact nearly every industry involving money. This gives those insurance companies involved in the trial the ability to communicate more effectively via blockchain technology’s ability to automate these pertinent aspects of the insurance process. SR: Impact is slow but expansive.

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Tencent Steps Into Blockchain Trade Finance Space In B2B Push

PYMNTS

Chinese conglomerate Tencent is the latest to step into the blockchain trade finance space via its FinTech unit Tencent Financial Technology, according to reports in China Daily on Friday (Nov. Its focus on trade finance and SMB services marks Tencent’s recent restructuring and refocus on B2B operations.

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UPS Partners With Inxeption On Blockchain eCommerce Platform

PYMNTS

Shipping and logistics conglomerate UPS has partnered with eCommerce technology company Inxeption to allow businesses to market and distribute products on multiple online channels from one secure place. The platform will primarily target B2B eCommerce companies.