Blockchain Technology Not Suitable for Visa’s Core Business
Bank Innovation
MAY 17, 2018
Visa doesn’t see much use for blockchain in its core business, which is transactions at scale, according to CEO Alfred Kelly.
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Bank Innovation
MAY 17, 2018
Visa doesn’t see much use for blockchain in its core business, which is transactions at scale, according to CEO Alfred Kelly.
Accenture
MAY 6, 2016
At Sibos 2014, in Boston, I found myself at the Innotribe forum watching a presentation from Vitalik Buterin, one of the founders of the Ethereum blockchain who had the original idea and vision. He was then only 20 years old, Read more.
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PYMNTS
JUNE 29, 2020
CertiK , an auditing firm, wants to bring Internet of Things (IoT) devices onto blockchain through its new partnership with Hdac , CoinDesk reports. Hdac’s blockchain platform will work to combine the tight authentication, seamless mapping and machine-to-machine transactions with a network containing IoT devices.
PYMNTS
SEPTEMBER 30, 2018
Fidelity Investments , the Boston-based fund company, is becoming a leader in blockchain technology, investing billions of dollars on that and other cutting-edge technologies. According to a report in CNBC citing Fidelity, billions of dollars are going toward Fidelity blockchain, Fidelity AI and Fidelity VR.
PYMNTS
OCTOBER 16, 2019
Boston startup True Tickets is teaming up with the Broadway theater company The Shubert Organization for blockchain-based mobile ticket delivery , the companies said in a press release Wednesday (Oct. We see True Tickets as a leader in the space and are excited to put their technology to the test on Broadway.”.
PYMNTS
DECEMBER 29, 2016
Some of the largest banks already involved in blockchain development are now in a race to snatch up patents from the technology, reports said. The Boston Globe reported Wednesday (Dec. 28) that Bank of America and Goldman Sachs are just two of the top banks to begin pursuing the acquisition of blockchain patents.
PYMNTS
OCTOBER 16, 2019
Boston startup True Tickets is teaming up with the Broadway theater company The Shubert Organization for blockchain-based mobile ticket delivery , the companies said in a press release Wednesday (Oct. We see True Tickets as a leader in the space and are excited to put their technology to the test on Broadway.”.
PYMNTS
APRIL 7, 2017
There is a technology that’s currently being used by the financial industry — which is starting to gain some commercial success thanks to IBM — that has the likelihood to be a solution for the overall voting process in America to help alleviate any concerns: blockchain technology. While there are currently no voting systems in the U.S.
PYMNTS
JUNE 15, 2017
Goldman Sachs and Baidu-backed blockchain startup Circle have launched an international online money transfer service. The Boston-based firm says the service wants to tear down national borders when it comes to moving funds internationally.
PYMNTS
APRIL 2, 2020
Blockchain company Binance has acquired the CoinMarketCap cryptocurrency data tracking website, according to an announcement. The agency is seeking analysis and comment on the proposed rule changes of BOX Exchange to start Boston Security Token Exchange (BSTX) operations. BSTX is a tZERO and BOX joint venture.
PYMNTS
AUGUST 21, 2020
Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there.
PYMNTS
APRIL 2, 2018
According to a recent survey from the Boston Consulting Group (BCG), profits among the world’s corporate banking institutions is significantly declining – but digitization could halt that trend. Analysts say the tangible benefits of digitization and a happier end user are clear.
Payments Source
APRIL 21, 2016
where Circle hopes a collaboration with Barclays and a dash of blockchain will interest consumers in sending payments the same way the send tweets and texts. A relatively new concept in the U.S., social payments are even newer in the U.K.,
PYMNTS
DECEMBER 11, 2018
The WSJ noted that Steemit, which offers a blockchain -based social network, has laid off 70 percent of its staff and has pointed to the selloff in digital currencies as a culprit. Similarly, the blockchain venture firm ConsenSys has announced that it will lay off 13 percent of its own roster. The anecdotes abound.
PYMNTS
DECEMBER 24, 2020
Blockchain is taking root as the underlying infrastructure of digital currency issuance, and a broad swath of central banks are examining issuing digital fiat. The Federal Reserve said this year that its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.
PYMNTS
SEPTEMBER 17, 2020
In at least some nod to the technicalities, back in January, the central bank envisioned that the digital currency might be issued via blockchain platform. As has been widely reported, 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) said they were working on CBDCs.
PYMNTS
APRIL 6, 2016
Circle, the social payments app that runs on bitcoin’s blockchain, launched with support from Barclays as part of a new partnership. Circle is a Boston-based startup that has major VC backers, along with big banks like Goldman Sachs and Digital Currency Group as an investment firm backer. Circle’s decision to launch in the U.K.
PYMNTS
NOVEMBER 18, 2018
According to the SEC’s orders, both CarrierEQ (Airfox) and Paragon Coin conducted ICOs in 2017 after the SEC warned that ICOs can be securities offerings.
PYMNTS
APRIL 18, 2019
Reports in Blockchain News this week said Panxora has introduced a treasury management service to help the company and project founders who turn to ICOs to secure the capital they have raised, and mitigate the risk of cryptocurrency volatility. . ’ We think this is an important step forward in the maturation of the token industry.”
Celent Banking
JANUARY 20, 2017
We were also pleasantly surprised to see intriguing initiatives involving employee productivity, cross-selling, AI, Biometrics, and Blockchain. As for what you can expect between now and April 4 in Boston, look for a series of articles from the Celent analyst team highlighting some of the many insights that we’ve gleaned along the way.
PYMNTS
APRIL 8, 2016
Bitcoin plus blockchain plus banks still seems like an unlikely combination, despite news that JPMC and Citigroup have completed their tests about using it in support of credit default swaps. Blockchain advocates describe its ability to magically move money, trades and contracts faster — in ways that cut out the middleman.
PYMNTS
FEBRUARY 5, 2018
For instance, there are startups using blockchain, the distributed ledger technology behind cryptocurrencies like bitcoin, for supply chain tracking and transparency. There are all sorts of technology-driven solutions cropping up in response to this demand.
PYMNTS
JANUARY 13, 2020
She pointed to 2019 research from the Boston Consulting Group, which predicted that global trading on open accounts will make up as much as 60 percent of trade finance revenues — up from the current 45 percent — by 2027. . “We’re talking about $1.5
Chris Skinner
FEBRUARY 8, 2017
In September 2016, the last survey, some things had changed: London New York Singapore Hong Kong Tokyo San Francisco Boston Chicago Zurich Washington DC No Frankfurt. No China, although Hong Kong would be it.
PYMNTS
MARCH 17, 2017
Otherwise there would have been a rash of spontaneous hangings because swift, sweet death would be a far more welcome alternative to a blockchain conversation.”. On the other hand — having attended many in-depth blockchain conversations — well, it’s not the worst idea in the world, either. On the one hand, it’s harsh.
Fintech Labs Insights
OCTOBER 7, 2015
Chain.com is the leading provider of blockchain solutions to financial institutions. “ The Blockchain Is Eating Financial Services: Money is a special type of information, so it is no wonder that a new type of database would transform how it moves around the world. . How the blockchain is being applied in financial markets.
PYMNTS
SEPTEMBER 9, 2016
Reports said the company is looking at blockchain technology to streamline invoice payment, purchase orders and other procurement necessities. company is looking to remove friction from the procurement process — yes, that means paper invoices, too — by connecting procurement executives with suppliers without manual processes.
PYMNTS
MARCH 17, 2017
With blizzard Stella faded like Blanche Dubois’ southern charm, Boston still had its winter chill. Til next year — perhaps by then spring will finally come to Boston. But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. A full list is available here: (need a link here?).
PYMNTS
MARCH 14, 2016
Is it one those amazing blockchain things? Back in 1870, it took days to get cash from Boston to San Francisco through a combination of railroads and horseback. The Next Big Fizzle: Blockchain Startups. It’s not about bitcoin, it’s about the BLOCKCHAIN ! It’s going to leapfrog those sleepy big giant payments networks.
CB Insights
FEBRUARY 21, 2019
Blockchains are becoming a key enabler of this digital transformation (in a similar way to how the emerging tech is disrupting other long-established industries like banking and insurance ). GET the 47-page blockchain TRENDS report. Why blockchain tech could benefit the real estate industry. Table of Contents. Challenges.
PYMNTS
OCTOBER 20, 2018
The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). Don’t worry if you didn’t remember to get us a present – we didn’t want to make too big a deal out of it, so we didn’t remind you. Of course, we don’t really expect or even want gifts for our ninth anniversary.
Fintech Labs Insights
AUGUST 8, 2016
The total value of deals this week was $206 million, with half ($100 million) going to Canadian blockchain technology provider Blockchain Intelligence. . Fintech deals by size from 9 July to 15 July, 2016: Blockchain Intelligence Group. Blockchain search & analytics. HQ: Boston, Massachusetts. Alkami landed $3.7
Celent Banking
MARCH 28, 2017
Over the past few weeks we have been previewing various content themes we will be discussing at our Insight and Innovation Day in Boston on April 4th. Blockchain: given how many banks have started exploring blockchain and other distributed ledger technologies, we were hoping to see some nominations describing their efforts in this space.
Celent Banking
APRIL 7, 2017
Many of us at Celent just came back from a busy and exciting week in Boston. The rain and clouds couldn't obscure spectacular views from the State Room overlooking the Boston harbour. During the Banking track we presented Model Bank awards, and discussed the winning initiatives and why they stood out from all others.
Tomorrow's Transactions
OCTOBER 9, 2014
This year it was in Boston and one of its notable features was a closing keynote by Bill Gates, focusing on the issue of financial inclusion. This was because I’d already noticed that there was a problem with one of the identities there: mine. SIBOS is SWIFT’s annual conference and one of the fixed points in the banker’s calendar.
Fintech Labs Insights
OCTOBER 19, 2015
HQ: Boston, Massecheusetts. Using the blockchain for managing records. Blockchain. Tags: Consumer, blockchain, crypto-currency, bitcoin. Total raised: $4.1 Source: Finovate. Real-time investment strategies. Latest round: $2.7 Total raised: $2.7 Source: FT Partners. Asset verification . Latest round: $600,000.
Fintech Labs Insights
JANUARY 13, 2016
million to advance its blockchain efforts. HQ: Boston, Massachusetts. Blockchain technology. Tags: Consumer, payments, P2P, bitcoin, blockchain, crypto-currency, mobile. And the number of deals was up 40% (24 compared to 17). In addition to LoanNow, Finovate alums attracting new capital included: Gem , which pulled in $7.1
Fintech Labs Insights
APRIL 13, 2016
HQ: Boston, Massechuesetts. Cambridge Blockchain. Enterprise blockchain applications. Tags: Enterprise, SMB, blockchain, distributed database, bitcoin, cyrpto-currency. Source: Crunchbase. Mobile payment platform for restuarants. Latest round: $5 million. Total raised: $45 million. Source: Crunchbase. Latest round: $4.6
PYMNTS
DECEMBER 7, 2020
The issue is that, Facebook aside, many of these coins, which are in the process of being launched or even yet to be conceptualized, will be “minted” by a slew of smaller FinTech and non-bank companies (including those focused on blockchain ), with relatively limited resources to devote to hurdling regulatory challenges.
Fintech Labs Insights
APRIL 30, 2015
HQ: Boston, Massachusetts. Blockchain derivatives. There were two jumbo rounds: $50 million to cryptocurrency startup Circle and $30 million to multiple Finovate Best of Show winner MX (formerly Money Desktop). Here are the deals listed by size from April 25 to April 30: Circle. Digital currency provider. Total raised: $76 million.
PYMNTS
NOVEMBER 4, 2020
Morgan said it established Onyx , a new business unit dedicated to blockchain and digital currencies. The Federal Reserve , as has been reported, and more specifically its Boston branch, has been working with the Massachusetts Institute of Technology to explore the tech and platforms needed for such digital coinage.
Fintech Labs Insights
MARCH 28, 2016
HQ: Boston, Massachusetts. Blockchain forensics tools. Tags: SMB, security, authentication, bitcoin, contracts, legal, fraud, cryptocurrency, blockchain. Source: Crunchbase. Maxwell Health. Payroll & beneifts platform. Latest round: $22 million Series C. Total raised: $56.4 Source: Crunchbase. HQ: Dublin, Ireland.
PYMNTS
MAY 12, 2020
The service is fully automated using the company’s proprietary blockchain platform, the company said, adding that the feature can help support businesses’ own supplier payments and cash flow management as a result of having quicker access to funds. According to the Fed, the rollout of FedNow remains on track for 2023 or 2024.
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