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Blockchain-Powered B2B FinTech Roars Back With VCs

PYMNTS

It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. blockchain startup Envoy will be used to bolster its supply chain and trade finance platform, the company told PYMNTS in an emailed announcement.

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Fintech Startups Haven’t Given Up on Blockchain

Bank Innovation

The afternoon session brought on the blockchain. From these sessions, two winners were chosen that will have the chance to engage with a global bank — perhaps the ultimate prize for a fintech startup today. The morning session at BBVA Open Talent Challenge was all about artificial intelligence.

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RTP, Blockchain Make Inroads Within Corporations

PYMNTS

PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. There is very much still this need to bridge traditional markets and regulation with this FinTech 2.0, For some, that means embracing solutions built atop existing rails, or exploring new ones altogether.

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Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

Plus, blockchain makes new inroads in the B2B arena. In an announcement , FinTech-as-a-Service company Rapyd rolled out its Rapyd Protect solution. The technology is designed to combat fraud for both businesses and customers as an overlay service that operates on top of a range of existing rails. BitPay Debuts BitPay Send.

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Bitcoin Daily: SEC Freezes Crypto Firm?s Assets, Alleging It Stole $12M From Investors; Hong Kong: 39 Pct Of New FinTechs There Are Blockchain Firms; Coinbase Eyes Selling Blockchain Analytics To IRS, DEA

PYMNTS

The scheme by the “Modern Money Team,” as Putnam referred to the entire operation, was reportedly to offer investors “cryptocurrency trading packages” they had purchased, which could have ostensibly been used for “arbitrage” opportunities at Bitfinex. The group managed to get $12 million from 2,000 investors, Coindesk reports.

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Accenture Debuts Blockchain Procurement Solution In Thailand

PYMNTS

Business services conglomerate Accenture is expanding its blockchain solution offerings with the development of a procurement platform launched in Thailand. Accenture integrated its blockchain architecture into R3 ‘s Corda open-source blockchain platform to create the tool, the company said.

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Blockchain Starts 2017 With A Bang

PYMNTS

Whether you believe the hype or not, blockchain technology is attracting massive investments, exploration and competition across the globe. PYMNTS examines the data surrounding the latest developments of blockchain, already off to a speedy start in 2017. 659 billion worth of goods and services trade between the U.S.