Bank Innovation

FEBRUARY 15, 2017

This bank created an innovation lab, and that bank is launching a fintech team. But this other bank just started a blockchain focus group, and everyone else is investing in tech. Gone are the days when banks could afford to be “conservative” with new product launches and tech projects, which Read More.

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PYMNTS

FEBRUARY 28, 2020

To explore the positive impacts of blockchain on small businesses, the U.S. Committee Chairwoman Nydia Velázquez said, according to the report, “it is vital that Congress keep pace with the evolving needs of our country’s innovative small businesses.”

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Bank Innovation

DECEMBER 5, 2018

Ian Putter, head of unified finance development & innovation at Standard Bank, Africa’s largest bank, will join Bank Innovation Ignite 2019 in Seattle in March 2019 to discuss the bank’s work in blockchain. The event will take place March 11-12 at Seattle’s Hyatt Olive 8 Hotel. Standard Bank […].

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The Paypers

MAY 12, 2023

The government of China has launched the National Blockchain Technology Innovation Center in Beijing to support blockchain technology research.

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Bank Innovation

FEBRUARY 28, 2018

EXCLUSIVE – Everything in banking is changing: fintechs are solidifying their place in the financial ecosystem, as challenger banks, online lenders, and blockchain technology providers become essential functions to keep the industry moving forward.

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PYMNTS

SEPTEMBER 14, 2020

Standard Chartered has announced the completion of the first cross-bank Letter of Credit (LC) transaction over blockchain, between Vietnam and Thailand, according to a report from FinanceFeeds. It was completed over the blockchain-based Contour network, which is an open industry platform and focused on digitizing trade finance.

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Bank Innovation

MARCH 2, 2016

SEATTLE – In the end, it came down to biometrics versus blockchain. Eleven companies were awarded slots in the DEMOvation Challenge, which took place yesterday here at Bank Innovation 2016, our annual first-quarter event.

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Bank Innovation

JULY 31, 2018

It might seem like blockchain has been all the rage among banks and fintech companies, but a recent Bank Innovation poll found that many of these companies don’t have any blockchain projects in the current pipeline of their innovation initiatives.

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Bank Innovation

JUNE 12, 2017

2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.

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PYMNTS

FEBRUARY 7, 2020

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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Bank Innovation

MAY 23, 2017

Remember when blockchain was going to kill financial services? Take companies like Deloitte: with several new partnerships, projects, innovation labs, and consortium memberships, financial services giant Deloitte might have a better grasp on blockchain’s potential than a couple shiny new fintechs.

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Chris Skinner

MARCH 7, 2018

I recently wrote an article for Bloomberg’s Business Week, and thought it worth sharing with y’all here: What’s next for blockchain? Everyone got very excited a few years ago about blockchain technologies, the ledger system that was spawned by the arrival of bitcoin in 2009. appeared first on Chris Skinner's blog.

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Bank Innovation

OCTOBER 21, 2016

BNY Mellon has made a lot of noise about blockchain technology in recent months and that continued in a discussion of the bank’s innovation agenda yesterday. Reporting the bank’s third-quarter earnings, CEO Gerald Hassell outlines a shift in resources from real estate to digital.

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Bank Innovation

MAY 3, 2018

But one technology seems curiously absent from recent payment innovation, and that’s blockchain. “We We think blockchain technology will streamline payments, but in practice there are very few open […].

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Chris Skinner

NOVEMBER 24, 2019

But when the interviewer, Erik Schatzker, asks her … The post Ana Botin of Santander on FinTech and Blockchain appeared first on Chris Skinner's blog. It starts with talking about how Santander can make a difference on climate change with Ana claiming that the bank is voted the most sustainable bank in the world.

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Bank Innovation

SEPTEMBER 27, 2017

What is the state of banking innovation today? Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation? Talk has shifted from last year’s discussions on blockchain and chatbots to artificial intelligence and cloud-based cores.

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Bank Innovation

MARCH 29, 2018

Blockchain technology has been talked about in banking for so long that readers here can be excused for being a bit jaded on the subject. The technology has been touted as solving just about every problem bankers face, but as Adam Ludwin, CEO of Chain, told us in San Francisco at Bank Innovation 2018 earlier.Read More.

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Payments Dive

MARCH 12, 2019

Blockchain, cryptocurrency, bitcoin: These terms can often be highly confusing to those not in some level of the IT industry. Ray Wiley, CEO and co-founder of Hot Head Burritos and Rapid Fired Pizza helped bring some clarity to these topics during a session at the Restaurant Franchising & Innovation Summit.

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Bank Innovation

MAY 16, 2018

The letter of credit transaction in trade finance is a relatively neglected area when it comes to digitization, which is why HSBC bank chose this transaction to test out its blockchain-related initiatives, Joshua Kroeker, blockchain lead for Global Commercial Banking Growth and Innovation at HSBC, told Bank Innovation.

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PYMNTS

MAY 8, 2019

Blockchain technology is taking hold in the Southwest, with the help of organizations encouraging development in the space. A group called the Austin Blockchain Collective , for instance, is looking to establish the Texas city as a hub for blockchain innovation.

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Bank Innovation

SEPTEMBER 14, 2016

Image source I struggled with the headline for this post because the news connects to so many different themes we cover on Daily Fintech: Real use cases for Blockchain. Innovation by Incumbent Financial Services. Catastrophe Insurance and Climate Change. Financial Inclusion. The new global back office.

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PYMNTS

DECEMBER 3, 2020

Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. Dollar Coin (USDC) on the ethereum blockchain. Velo Labs, Lightnet, Visa Collab On Blockchain SMB Payments.

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Bank Innovation

MAY 26, 2017

The next big thing in financial services won’t make it very far off the ground if FIs don’t innovate with an eye towards compliance.

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Bank Innovation

MARCH 7, 2018

EXCLUSIVE–The potential use cases of blockchain technology in banking continue to captivate bankers, but topics like cryptocurrency and Initial Coin Offerings, or ICOs, may be losing a bit of their edge. This is according to a panel on the subject during Bank Innovation 2018, which wrapped up yesterday in San Francisco.

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Bank Innovation

NOVEMBER 14, 2017

The finance landscape is witnessing some significant changes and disruptions due to fintech companies, blockchain technology, and AI. Innovation in this highly regulated field is necessary, and even giants are rising to the challenge and trying to get more customer-friendly, agile or at least aligned to the new standards set by start-ups.

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Bank Innovation

FEBRUARY 15, 2018

EXCLUSIVE- Global technology company IBM is involved in more than 400 blockchain projects, according to its vice president of blockchain technologies, Gennaro “Jerry” Cuomo, who testified before Congress yesterday.

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Chris Skinner

DECEMBER 30, 2016

Here’s the list and, as you will see, it’s mostly people reading about blockchain news, although how to change the bank, fintech and innovation all get high rankings too.

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Accenture

JUNE 29, 2020

Pillar 2: Enable and drive innovation A key role for central banks is to enable and promote a vibrant financial sector. The post Next-gen central banking | Pillar 2: Enable and drive innovation appeared first on Accenture Banking Blog. We move on now to the second pillar. In the digital age, that means helping to cultivate new….

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PYMNTS

OCTOBER 20, 2020

Information technology services provider Mphasis is teaming with global enterprise services provider R3 to work on blockchain-based payment solutions, a press release says. Corda is a blockchain platform that eliminates expensive friction in business transactions.

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Bank Innovation

FEBRUARY 17, 2016

You might be using a blockchain to order detergent within the next few years. That’s because blockchains, or more properly, distributed ledgers, are likely to be used to authenticate users of IoT devices, according to Chris Skinner, author of the forthcoming book ValueWeb. Skinner told Bank Innovation today that he Read More.

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PYMNTS

JANUARY 20, 2021

The Mobility Open Blockchain Initiative ( MOBI )'s Vehicle Identity (VID) II Working Group unveiled the second part of a vehicle identity standard that uses blockchain technology, according to an announcement. Maintenance traceability and vehicle registration are two focuses for the working group. "A In 2019, J.P.

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Bank Innovation

DECEMBER 1, 2017

Payments processor Mastercard is continuing its focus on innovation and partnership, announcing the latest 11 companies to join its ‘Start Path’ program as well as the expansion of its NYC Tech Hub.

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Chris Skinner

JULY 4, 2018

Conservative MP Eddie Hughes has just written a 36-page white paper extolling the benefits of blockchain for Britain, which was published yesterday Unlocking Blockchain: Embracing new technologies to drive efficiency and empower the citizen, by FREER.

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PYMNTS

JULY 31, 2019

Mastercard is collaborating with Bahrain’s Electronic Network for Financial Transactions ( BENEFIT ) to develop a blockchain-powered B2B payments solution, according to a press release Tuesday (July 30). According to reports in TahawulTech, the initiative marks Mastercard’s first national-scale blockchain project in the Middle East.

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Bank Innovation

OCTOBER 31, 2017

EXCLUSIVE— Masterpass, blockchain, and the Internet of Things are three of the largest areas Mastercard will be focusing on to keep up the pace of its innovation efforts, the company said. This is according to Mastercard’s President and CEO, Ajay Banga, on the company’s earnings call this morning.

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PYMNTS

AUGUST 23, 2019

The World Bank announced it has raised $33 million from investors for its blockchain-based “Kangaroo” bond, Bond- i. The bond, which is due August 2020, is the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger (blockchain) technology. This isn’t World Bank’s only blockchain project.

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Bank Innovation

NOVEMBER 14, 2017

A consortium of banks in Singapore led by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS), made public three blockchain prototypes on inter-bank payments in hopes to encourage other banks to engage in innovation in this space.

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