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Some Credit Unions Turn to Blockchain to Improve Customer Experience

Bank Innovation

credit unions are testing a blockchain-based digital credential system in different pilots ranging from mobile banking to voice banking and even call centers to improve customer experience, Bank Innovation has learned. This blockchain-based digital credential system is called MyCUID. Eight large U.S.

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A Bank Automation Summit Preview: Key 2023 Banking Automation Trends

Perficient

Perficient will also bring insight surrounding the banking industry’s growing use of blockchain to the Summit. Blockchain technology is being used to create secure, decentralized ledger systems that can store and transfer data in a transparent and secure manner.

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WSFS taps blockchain firm Intain to automate capital markets transactions

Bank Innovation

WSFS Bank is working with Intain, a blockchain firm based in Chennai, India, to help automate capital markets transactions. based bank, a subsidiary of WSFS Financial, said it’s using Intain’s blockchain-based tool to facilitate trustee reporting for asset-backed securities transactions. The Wilmington, Del.-based

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Blockchain for KYC: Game-changing RegTech Innovation

Insights on Business

Consider, for example, the blockchain space. While blockchain’s decentralized, distributed-ledger technology is most popularly known as the basis for cryptocurrencies such as bitcoin, among the thought leaders with whom I work this is only scratching the surface of the potential of blockchain for business. Customer Experience.

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IBM Testing Lygon Blockchain Platform To Streamline Property Leasing

PYMNTS

ANZ , Commonwealth Bank , IBM , Scentre Group and Westpac have announced they are partnering to launch a live pilot for Lygon, a new digital platform using blockchain technology to digitize the bank guarantee process needed for retail property leases. We have created a blockchain-based platform to digitize the bank guarantee ecosystem.

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Paystand’s Assurety-As-A-Service Solution Offers Hybrid Blockchain Platform

PYMNTS

Businesses can now deploy scalable blockchain networks and applications with Paystand’s new Assurety-as-a-Service solution. . Using the Assurety API, Paystand’s customers can create a secure, certified, digitally notarized record trail, Paystand said in a press release on Thursday (Aug.

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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. The Nexledger Consensus Algorithm will also make it possible for businesses to utilize different blockchain cores, like Hyperledger Fabric and Ethereum.

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