Biometrics Beats Blockchain at Bank Innovation 2016

Bank Innovation

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.

Facebook has forced the world’s banks to innovate

Chris Skinner

… The post Facebook has forced the world’s banks to innovate appeared first on Chris Skinner's blog. Blockchain Future Grid InnovationIt’s been interesting to watch the development of Facebook’s Libra project.

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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. Exclusive APIs Bank Innovation BlockChain fintech fintechs Telegram

Blockchain for KYC: Game-changing RegTech Innovation

Insights on Business

IBM RegTech Innovations. One of the best things about working at IBM—and in the RegTech field in particular—is meeting daily with the engineers and developers who are driving technological innovation in the financial industry. Consider, for example, the blockchain space.

Blockchain: a solution looking for a problem?

Chris Skinner

Being conference season, there were many announcements in the past week about headlines companies wanted to gain with their innovations. Blockchain Future Grid

Ana Botin of Santander on FinTech and Blockchain

Chris Skinner

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. Blockchain Digital Bank Fintech Grid Innovation Payments Purpose

Blockchain is dead, long live the Blockchain

Chris Skinner

Lots of people saying that blockchain is past its sell-by date, R3 are bust and distributed ledgers are dead. I think it’s related to the journalists who, having delighted in bigging up blockchain big time for the past two years are now relishing … The post Blockchain is dead, long live the Blockchain appeared first on Chris Skinner's blog. Blockchain Fintech Future Grid Innovation Technology ValueWeb

Marley Gray, Principal Architect at Azure Blockchain Engineering for Microsoft, Joins Bank Innovation 2018

Bank Innovation

EXCLUSIVE — Marley Gray, principal architect at Azure blockchain engineering for Microsoft, has joined the speaker faculty for Bank Innovation 2018. Bank Innovation 2018 will take place March 5-6 in San Francisco. Cryptocurrency Exclusive BlockChain Microsoft Azure

MPs battle over blockchain

Chris Skinner

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. FREER is a major new initiative from the Institute of Economic Affairs (IEA, a … The post MPs battle over blockchain appeared first on Chris Skinner's blog. Blockchain Grid Innovation

What’s next for blockchain?

Chris Skinner

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. It allows the recording of … The post What’s next for blockchain? Blockchain Digital Bank Fintech Grid Innovation ValueWeb

10 Most Innovative CEOs in Banking 2017

Bank Innovation

Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes.

Enterprise Blockchain Consortiums – Part 1

Bank Innovation

2016 was a big year for Blockchain. The hype around Blockchain was palpable, and we saw news from all around the world about various initiatives picking up steam.

JPMorgan Chase and National Bank of Canada Complete Blockchain Test

Bank Innovation

and the National Bank of Canada (NBC) announced today that they tested a debt insurance simulation on a new blockchain platform. Corporate Innovations Lending Payments Wealth Management BlockChain fintech innovation JP Morgan QuorumJPMorgan Chase & Co.

What’s Cooking in U.S. Bank’s Innovation Kitchen?

Bank Innovation

Innovating at the same time everyone else is innovating is hard, but U.S. Headed by its fearless leader, Dominic Venturo, the bank’s Innovation Group has been at the epicenter of innovation in financial services across various tech sectors.

10 Most Innovative CEOs in Banking 2018

Bank Innovation

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.

BMO’s Innovation Pipeline Includes Smart Branches, Roboadvisory, and Blockchain

Bank Innovation

Capital Corporate Exclusive Innovations Online Operations Payments Technology Wealth Management Bank of America bmo harris Capital OneBMO Bank has been “heavily” investing in its technology architecture for the past five years.

Here Is How to Build (And Maintain) Your Innovation Team

Bank Innovation

Innovation groups are a relatively recent, but an increasingly important, addition to traditional bank structures.

Overstock CEO: Why Immunity Passports Could Move Blockchain Tech Mainstream

PYMNTS

It’s a tall order, Overstock CEO Jonathan Johnson told Karen Webster in a recent digital discussion, but the power of blockchain can be critical in addressing it. Will This Be Blockchain’s Time To Shine?

InsurTech’s big ticket items: machine learning on the blockchain

Chris Skinner

You and I probably think it’s just that once a year renewal … The post InsurTech’s big ticket items: machine learning on the blockchain appeared first on Chris Skinner's blog. Blockchain Fintech Future Grid Innovation Technology

Blockchain VC Fund Gets First Investors For New Ethereum-based ICO

Bank Innovation

Blockchain Capital, the first venture capital firm to focus exclusively on DLT technology is offering digital tokens that represent a stake in the firm’s third fund. The tokens are held on the Ethereum blockchain […].

Mobile Banking Dominates Banks’ Innovation Spending in 2016

Bank Innovation

Mobile banking is the most valuable area of innovation when it comes to consumers, say banks and credit unions—which is probably why that’s the area these institutions are spending the most money on trying to innovate. This is according to Bank Innovation’s annual State of Banking Innovation survey for 2016, Read More. Innovations Mobile Technology Bitcoin BlockChain Mobile banking online banking State of Banking Innovation

R3 Releases Corda Codebase in Hopes of Open Innovation

Bank Innovation

The R3CEV blockchain consortium today released its code for Corda, its distributed ledger technology, into the wider world. Despite recent events, R3 is still the largest consortium of banks dedicated to producing blockchain, or Read More.

U.S. Bank’s Dominic Venturo to speak at Bank Innovation Build 2019

Bank Innovation

Dominic Venturo, executive vice president and chief innovation officer at U.S. Bank, will participate in a fireside chat at Bank Innovation Build 2019, this blog’s event on best practices in banking innovation.

Visa Seeks Patent On System To Turn Government Currencies Into Digital Blockchain Versions

PYMNTS

patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. Blockchain digital currency Innovation News patent Payment Methods Visa What's Hot

System 285

How FinTechs View Emerging B2B Payment Innovations In 2020

PYMNTS

Blockchain. Praeger noted there is still attention surrounding blockchain, but it hasn’t been the game-changer that many people in the industry had expected. Innovation artifical intelligence avidXchange Blockchain FinTech machine learning News

Ian Putter, Head Unified Finance Development and Innovation, Joins Bank Innovation 2018

Bank Innovation

EXCLUSIVE — Ian Putter, head of unified finance development and innovation at Standard Bank, Africa’s largest bank, has joined the speaker roster for Bank Innovation 2018, which will take place March 5 to 6 in San Francisco.

Blockchain Remains King as Banks Lose Interest in ICOs, Crypto

Bank Innovation

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.

KYC May Be the Next Big Thing for Blockchain

Bank Innovation

Blockchain – still very desirable for banks and FIs, but not fully trusted yet – has already made its way to use cases and pilots in the financial services. Possibilities are endless, some say, but where is the next big success for blockchain?

Baton Systems Wins DEMOvation Challenge at Bank Innovation 2018

Bank Innovation

EXCLUSIVE—Distributed ledger platform Baton Systems took home the prize for Bank Innovation’s 2018 DEMOvation challenge this week, beating out ten other companies presenting demos at this year’s conference. Exclusive Innovations Online Premium Abe.ai.

BBVA Completes Corporate Loan Deal Via Blockchain

Bank Innovation

BBVA bank announced today that it has closed a $90 million corporate loan deal with their technology partner, Indra, via blockchain technology. BBVA used its own internal blockchain system, which is built on the IBM-backed […].

FIs Should Follow Deloitte’s Blockchain Lead

Bank Innovation

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. It seems to be building them up instead.

For Blockchain Adoption, FIs Have to Solve Compliance First

Bank Innovation

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.

Keep Calm and Innovate

Chris Skinner

Friday’s blog was all about bank innovation labs and structures. A serious and committed undertaking this time around, with many experimentations and proofs of concept taking place, especially around blockchain. Grid Innovation Uncategorized

Why Innovation Acceleration Matters

PYMNTS

Innovation has become such a buzzword that it can be applied to countless solutions and initiatives, from emerging 5G mobile technology and the rise of “smart factories” to using blockchain to trace and track food supply chains to deploying kiosks to personalizing the ordering experience.

Banks Are Getting Closer to Real-life Blockchain Use Cases

Bank Innovation

Blockchain is at a bit of a critical point, because it’s running up against the one universal enemy all new technologies have to face eventually: reality. In reality, how will banks use the blockchain? “To