JPMorgan Chase and National Bank of Canada Complete Blockchain Test
Bank Innovation
APRIL 20, 2018
and the National Bank of Canada (NBC) announced today that they tested a debt insurance simulation on a new blockchain platform. JPMorgan Chase & Co.
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Bitcoin Daily: UN Secretary-General Urges Blockchain Adoption; Africa Blockchain Institute To Open School In Rwanda In 2020
PYMNTS
DECEMBER 29, 2019
The United Nations (UN) needs to embrace blockchain, António Guterres, U.N. Guterres said blockchain technology will be a critical part of the U.N., China, too, has prioritized blockchain, and the $6 billion U.N. Innovations Network has five blockchain projects on tap that will help advance inter-agency collaboration.
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Trending Sources
Samsung Eyes Blockchain Smartphone?
PYMNTS
DECEMBER 12, 2018
In the world of blockchain phones, another name may crowd the pantheon. Said sites including thenextweb.com , Samsung, no small player in mobile devices, submitted three trademark requests in Europe that offer up some clues into blockchain-focused phones.
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PwC Finds Blockchain Distrust High, Even As Adoption Accelerates
PYMNTS
SEPTEMBER 20, 2018
The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to data released this year by PricewaterhouseCoopers (PwC).
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Payment Rail Innovators Eye Speed For Corporates
PYMNTS
MARCH 3, 2020
Whether embracing development and adoption of new payment rails or developing solutions for legacy versions, the latest in payments innovation is all about speed – even for corporate payments. House Committee Eyes Blockchain for SMBs. B2B Faster Payments Predicted for High Growth. that adopts faster payment rails this year.
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Bitcoin Daily: NJ Assembles Blockchain Initiative Task Force; IBM Eyes Blockchain Browser
PYMNTS
AUGUST 11, 2019
New Jersey ’s governor has signed a bill to implement a Blockchain Initiative Task Force. Bill S2297 explained that the task force will study potential uses for blockchain technology on the state and local level, with an emphasis on medical records, land records, banking, and property auctions as potential applications.
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Why Blockchain Holds Promise For Cross-Border Payments
PYMNTS
JULY 1, 2019
Blockchain has caught the attention of several FIs, especially for B2B and cross-border payments, even if there’s not yet consensus on how to best deploy it in real-world situations. Canadian payments network Interac has experimented with blockchain for consumer payments. We are now in the trough of disillusionment.”.
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Blockchain Makes Headway Over Legacy X-Border Rails
PYMNTS
JULY 9, 2020
There’s no single path to payments infrastructure innovation. For some, like Currencycloud and Steamchain, the path involves bypassing legacy payment rails and embracing blockchain. And still for others, like InstaReM, payments innovation involves a mix of infrastructure. Steamchain Lands Investment For Blockchain Tech.
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New Year, New Blockchain Use Cases?
PYMNTS
JANUARY 3, 2019
To that end, any number of analyses are coming in the blockchain arena. According to an article via the MIT Technology Review , this will be the year that blockchain becomes “boring,” with innovative projects that will “bear fruit” this year even amid the declines seen last year in the sector, and in cryptocurrencies.
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South Korea Examines Blockchain For Shipping
PYMNTS
DECEMBER 19, 2018
Blockchain has been steadily making inroads in the B2B realm as a way to help boost supply chain transparency and efficiencies. To that end, in South Korea, a number of government ministries are looking into blockchain, eyeing the potential boost distributed ledger technology can give to marine logistics.
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Cross-Border Payment Efforts Look To The Blockchain And Beyond
PYMNTS
APRIL 3, 2019
It may seem that cross-border payments were in the … well … crosshairs this past week, with a number of country-by-country and company-by-company initiatives using blockchain and other methods to speed payments and lower fees. Bill.com noted it has three million customers in place and manages $60 billion annually in payments volume.
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BoA Reported To Hire ‘Treasury Product Manager’ For Ripple
PYMNTS
OCTOBER 10, 2019
Bank of America (BoA) may have hired a treasury product manager to work with Ripple. This role leads the product management team for the Ripple Project, a decentralized ledger technology-based solution to cross-border payments marketed to [global transaction services (GTS)] clients,” the job listing read. “The
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Bitcoin Daily: Facebook Posts New Blockchain Job; Mt. Gox Nears Creditor Account Settlement
PYMNTS
MARCH 22, 2019
A new job posting has revealed that Facebook is looking to hire a lead commercial counsel for its blockchain initiatives. You will be responsible for drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally.
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Ripple Powers X-Border Corporate Payments For UAE Bank
PYMNTS
MARCH 3, 2020
As part of a broader effort to bring the newest innovations to its operations, the National Bank of Fujairah PJSC (NBF) has teamed with blockchain firm Ripple to enable cross-border payments via the RippleNet platform. bank to use RippleNet’s blockchain network to move money across borders.
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Blockchain Weaves Throughout The Private And Public Sectors
PYMNTS
DECEMBER 6, 2017
Nearly every day, it seems, another technology company announces its vision for blockchain. In this week’s Blockchain Tracker , PYMNTS looks at the companies — from banks to diamond giant De Beers — making headway in their own blockchain projects. Governments Get Involved. In the U.S.,
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Singapore’s Big Week In Blockchain Progress
PYMNTS
NOVEMBER 22, 2017
The Asia-Pacific region is a rising star in FinTech innovation, but this week, the blockchain spotlight landed on Singapore as more distributed ledger initiatives from the private and public sectors took major steps forward. Nearly two-thirds of that funding will go toward blockchain startups, reports added.
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Can Crypto Power Tourist Cities, Block By Blockchain?
PYMNTS
APRIL 29, 2019
Governments are betting on blockchain to power tourism in cities. The city’s infrastructure will be constructed reportedly through the help of blockchain, with a DMI platform and a DMI coin that will allow for payments of government services. There is also, of course, the blockchain technology.
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128 InventoryClub Taps Blockchain For Inventory Finance
PYMNTS
JANUARY 26, 2018
InventoryClub is the latest company to deploy blockchain technology for business finance. The Commonwealth of Nations represents 52 member states around the globe that were once members of the British Empire. “In The company announced news on Thursday (Jan. enabling companies to submit inventory for which they need financing.
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Japan’s Top Bank Testing Digital Checks On Blockchain
PYMNTS
FEBRUARY 21, 2017
Blockchain has significant potential to disrupt B2B payments in the name of digitization and security. And with paper checks as some of the most manual and least secure corporate payment technologies in use today, it could be a good place for blockchain disruption to start.
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Infosys Spearheads Blockchain Network In India, UAE
PYMNTS
NOVEMBER 29, 2016
Two top banks in the United Arab Emirates and India are spearheading blockchain initiatives in their perspective markets thanks to a new collaboration with software conglomerate Infosys, reports said Monday (Nov. They’ll use the EdgeVerve Blockchain Framework for Financial Services product, reports added.
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Abu Dhabi Bank Implements Blockchain
PYMNTS
FEBRUARY 2, 2017
The National Bank of Abu Dhabi (NBAD) announced that it has become the first bank in the Middle East and North Africa to introduce real-time, cross-border payments on blockchain, thanks to its partnership with Ripple, a U.S. company specializing in blockchain. According to Ripple , an estimated $1.7
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Bitcoin Daily: OK Bill Would Create Blockchain Body; Central Asia Steps Up Crypto Mining; Crypto, RBI Case Back In Court
PYMNTS
JANUARY 19, 2020
Senator Nathan Dahm (R-OK) is sponsoring a bill that would establish a new state-chartered financial institution (FI) centered around blockchain technology, Cointelegraph reported on Saturday (Jan. In addition, t he bill would promote the growth of innovation, and thwart regulatory hindrance, while safeguarding people.
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Banks, FinTechs Dive Into New Payment Rails For B2B
PYMNTS
SEPTEMBER 24, 2020
When it comes to payment rails innovation, financial service providers can either improve upon existing infrastructure, or build entirely new rails altogether. This week's look at the latest innovation initiatives finds a big push for the latter. SatoshiPay Debuts Blockchain Payments Platform. BELLIN Secures SWIFT gpi Label.
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Bitcoin Daily: People’s Bank Of China To Certify Digital Payment Products; Korean Security Agency Supports Blockchain Projects With $9M Fund
PYMNTS
OCTOBER 30, 2019
The People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. His comments even caused a price boost of bitcoin and blockchain stocks to the point that the Chinese state media advised people to stay levelheaded.
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101 Brazil’s Big Blockchain Bounce (And Other Digital Payments Advances)
PYMNTS
JUNE 27, 2019
The digital payments news out of Brazil has been fast and furious over the last few weeks – particularly when it comes to blockchain. Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). But before partaking in blockchain bacchanal …. The Blockchain Bonanza.
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147 HSBC Completes Its First Trade Finance Transaction On Blockchain
PYMNTS
MAY 15, 2018
HSBC has completed its first trade finance transaction on blockchain technology — and claims it’s the first to do so in the market, due to its single-system solution. The technology has come a long way,” said the FI’s senior innovation manager Joshua Kroeker in a media call in March about the pilot. “We’re
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New Instant Payment Networks Launch, From Aruba To Hungary
PYMNTS
MARCH 17, 2020
Speed drives innovation, particularly in payments. In this week’s look at payment rails innovation, PYMNTS finds a slew of new markets around the world adopting entirely new payment networks that can support their demand for real-time transactions. Explore all of the latest initiatives below. Hungary Welcomes Instant Payments.
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A Look Inside Switzerland’s Plans To Bank Crypto Businesses
PYMNTS
OCTOBER 18, 2018
The global regulatory framework of cryptocurrencies and blockchain remains either fragmented, vague or simply nonexistent. However, Swiss officials recently took steps to get ahead of the regulatory uncertainty surrounding the world of blockchain, focusing on a particularly large hurdle for companies in the industry.
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Bitcoin Daily: Bitcoin ATM Installations Approach 10K Globally; Homeland Security Runs Contest For Digital Wallet Development
PYMNTS
SEPTEMBER 17, 2020
Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States. There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it. But they have grown in popularity in markets that are not stable.
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Payment Rails Search For Harmony In B2B Payments
PYMNTS
DECEMBER 18, 2019
Innovation in the payments arena has provided more rails upon which to move money. It’s why payment innovators are working to either develop and deploy entirely new payment rails or establish technologies that can sit on top of legacy rails to improve their performance. Accenture Backs Blockchain.
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Bitcoin Daily: Thailand Will Add Crypto To AML Laws, Mastercard Looks To Fill Roles For Wallet, Crypto Offerings
PYMNTS
AUGUST 5, 2019
Thailand is a member nation of the Financial Action Task Force (FATF) — an international money-laundering regulator — and Charoensahayanon added that the changes would be in line with international standards on crypto exchange service providers. In other news, Mastercard appears to be building its blockchain team with a slew of new hires.
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Visa’s B2B Payments Tech Tested In Thailand
PYMNTS
SEPTEMBER 26, 2018
The Nation reported that B2B Connect is now being piloted by Thailand’s largest bank Kasikornbank. “Visa is proud that we have representation from a Thai financial institution in the pilot program,” said Visa Thailand Country Manager Suripong Tantiyanon in a statement. ”
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Investment To Blockchain Startups Slips In 2019
CB Insights
JANUARY 22, 2020
Blockchain companies have lost a step in the private markets. GET the 47-page blockchain TRENDS report. Download the free report to learn about the biggest emerging trends in blockchain and strategies to watch for 2019. Still, investor activity shows there are pockets of potential in the blockchain sector worth tracking.
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New Payment Rails Take On Real-Time B2B Friction
PYMNTS
FEBRUARY 11, 2020
Yet this week’s look at payment rail innovation finds that many players in the B2B space are turning to develop new payment networks and services infrastructure from the ground up, rather than rely on new technology for legacy payment rails to improve the business payment experience. Banks Back Blockchain For Settlement, Too.
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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News
PYMNTS
DECEMBER 27, 2019
We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Behind Sysco’s Spend Management Switch To Cards. Retailers aiming to sell throughout the nation have to pay attention to how their goods are treated by each state’s tax code.
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Governments Fuel Blockchain’s Global Proliferation
PYMNTS
FEBRUARY 21, 2018
Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. Local officials are hoping to use blockchain to improve public services and boost transparency.
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130 Global Payments In Crosshairs Of Treasurers’ Biggest Challenges
PYMNTS
MARCH 14, 2019
Volatile times make for sleepless nights for corporate executives, particularly those whose job it is to manage the cash positions of their organizations. And there, Kohli said, innovation is helping corporates adapt to and manage these global risks. Treasurers’ Biggest Worries. More Progress, New Challenges.
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193 Blockchain in banking – what will the future hold?
NCR
AUGUST 18, 2017
Over the past year or so, major banks across the world have begun investigating what blockchain technology can offer to their business, with many use cases now being piloted. Why banks are excited about blockchain. Financial institutions are exploring blockchain for its potential to reduce costs and streamline processes.
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75 Walmart Pushes Digital Innovation During Investor Day
PYMNTS
OCTOBER 16, 2018
Also highlighted were investments the firm has made in expanding its merchandising; incorporating blockchain technology to improve food safety and traceability; and the deployment of pickup towers in stores to boost digital sales and delivery options. The firm expects same-store sales growth to clock in at between 2.5
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EU Proposed Law Aims To Make Friends With FinTech
PYMNTS
MARCH 6, 2018
According to news from Reuters , a document by the European Commission revealed that the law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. “An In addition, the EU would work toward creating common standards for the blockchain technology that supports cryptocurrencies. “An
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Congratulations to All Celent Model Bank 2017 Award Winners!
Celent Banking
APRIL 7, 2017
Undoubtedly, the highlight was attending Celent's Innovation and Insight Day on April 4th, where we celebrated achievements of the Model Bank and Model Insurer award winners. Risk Management. Fraud Management and Cybersecurity. Consumer Banking Channel Innovation. National Australia Bank, Australia.
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Finding The Right Fit For Cross-Border B2B Payments
PYMNTS
DECEMBER 3, 2019
For global businesses, national borders are less and less relevant,” SatoshiPay CEO Meinhard Benn recently told PYMNTS. A Borderless Blockchain. Through collaborating with blockchain firm Stellar, SatoshiPay is embracing distributed ledger technology to both work with and circumvent existing networks. The Faster Payment Demand.
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Cross-Border FinTech Collaborations Gain Traction
PYMNTS
SEPTEMBER 11, 2018
The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have signed onto efforts “that provide a framework for cooperation and referrals between the innovation teams of each authority.” There are 180 partnerships in place already, said Xero, with a roster that includes Barclays and National Australia Bank.
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MBA Tech 2017: Blockchain, APIs and Robots, Oh My!
William Mills
APRIL 20, 2017
This year’s National Technology in Mortgage Banking Conference & Expo took place March 26-29 at the Hyatt Regency in Chicago. There was a good deal of buzz around blockchain technology and tech showcases of the industry’s latest technology entrants, and the overall vibe of the show was a positive one.
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