PYMNTS

SEPTEMBER 15, 2020

With payment innovators looking to migrate B2B payments away from paper, a growing number of payment rails and technologies are helping to ease the pain of the shift. PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. RTP Expands Across FI Base.

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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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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

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

APRIL 3, 2018

BitPay, a blockchain payments company, closed a Series B of $40 million yesterday, the company announced. The money, as previously mentioned by the startup, will go towards expanding its international operations. The first stop for this expansion will be Asia.

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Bank Innovation

SEPTEMBER 27, 2018

Bank Frick has grown its operations and staff while shrinking its physical footprint. While legacy banks are establishing digital-only offerings alongside existing services, Mauro Casellini, Bank Frick’s head of blockchain and payment service providers, told Bank Innovation that […].

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Perficient

FEBRUARY 22, 2023

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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PYMNTS

NOVEMBER 19, 2020

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. Plus, blockchain makes new inroads in the B2B arena. TOMIA and Clear Embrace Blockchain for Telecom B2B Payments. Canada Taps Vocalink for Real-Time Rail.

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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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Bank Innovation

JUNE 1, 2017

A developer, or a blockchain champion? Bank Innovation is launching a Meetup group, where we plan to organize networking events, with insightful panels and (of course) happy hours. We guide innovation professionals to better results, and highlight new technologies that deserve attention. Are you a tech enthusiast?

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PYMNTS

OCTOBER 17, 2018

They are innovating to meet consumer demand for new payment methods , and to improve customer convenience through technologies such as kiosks. And in the art world, Christie’s is testing a new blockchain application that is said to encrypt the registration of art transactions. consumers wager on sports annually.

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Bank Innovation

MAY 10, 2019

Bank of New York Mellon has named Subhankar Sinha as Head of Blockchain. A BNY Mellon spokesman told Bank Innovation that the position is new at the bank “and was created as a result of the acceleration of proof-of-concept initiatives across the bank that align with BNY Mellon’s growth strategy and digitization priorities.”

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PYMNTS

JANUARY 26, 2021

Signal is exploring the idea of adding cryptocurrency payments into its messaging app by integrating MobileCoin , a cryptocurrency supported by the Stellar blockchain, Platformer reported. MobileCoin complements the privacy-focused app in that it is “more resistant to surveillance,” according to a 2017 Wired report.

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PYMNTS

MARCH 17, 2017

Blockchain technology has the potential to impact nearly every industry involving money. One area in which we’ve seen innovation break through recently may come as a surprise: insurance. PYMNTS: What are the benefits of implementing blockchain technology, and how is it impacting the insurance industry?

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PYMNTS

MARCH 1, 2018

Banking and financial services firm HSBC says its blockchain-based trade finance solution is ready to launch — in pilot phase, at least. In addition, Kroeker highlighted HSBC’s focus on documentary credit as a key area that can be improved using technologies like blockchain. According to Wednesday (Feb.

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Bank Innovation

FEBRUARY 18, 2016

Bank Innovation is pleased to welcome Marley Gray, Microsoft’s director of technology strategy for blockchain and financial services, to our speaker faculty. Gray will discuss corporate banking and blockchains on March 1 in Seattle with JP Jolly of Citigroup and Deva Annamalai of Fiserv.

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CFPB Monitor

MAY 31, 2022

Associate Director Evangelista stressed “responsible innovation” by the cryptocurrency industry, in order to protect consumers and national security interests, as well as to combat cybercrime and other illicit financial activity. Responsible Innovation “.

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Bank Innovation

MARCH 8, 2017

— Blockchain – or the distributed ledger technology – is rushing out of test labs, and into real-life applications. Experts foresee that blockchain will take over money transfers, and will […]. SAN JOSE, Calif.

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PYMNTS

JUNE 26, 2019

In the continuing move to bring data (and transactional data) to blockchain, among the latest examples is the announcement this week that the Society for Worldwide Interbank Financial Telecommunications (SWIFT) will enable blockchain-focused companies to use its global payments innovation (GPI) platform, as reported in Cointelegraph.

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PYMNTS

JUNE 13, 2019

For blockchain technology, the crux of many of its purported benefits for the enterprise is its decentralized nature, which, proponents of distributed ledger technology (DLT) have said, promotes visibility and makes it more difficult for data to be manipulated. ” However, that’s only the beginning.

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PYMNTS

JANUARY 18, 2019

Yet, half a century later, even some of the largest multinational conglomerates are only beginning to implement EDI into their procurement and B2B commerce operations. Betting On Blockchain. For Inxeption, one of the most promising innovations to achieve this leap is blockchain. The technology first emerged in the 1970s.

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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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PYMNTS

JANUARY 10, 2019

The new year has dawned with a number of cross-border payment pacts, done across blockchain and other means. In Pakistan, as reported by Coindesk, Telenor Microfinance Bank and remittance firm Valyou Sdn Bhd (a Telenor subsidiary) have launched a payment platform based on Alipay’s blockchain offerings.

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PYMNTS

APRIL 30, 2019

Roberto Mancone, co-founder and chief operating officer of blockchain trade finance platform we.trade, is leaving the company and revealing his doubts about blockchain technology’s promises to transform the industry. “I have not yet seen something that shows the ultimate benefit of the technology,” he said.

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Bank Innovation

MAY 8, 2019

s blockchain team are still shrouded in secrecy, but it’s staffing up, according to people familiar with the group. Launched last May, Facebook’s blockchain unit now counts 50 […]. The inner workings of Facebook Inc.’s

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Bank Innovation

FEBRUARY 8, 2017

chief technology and operations officer. BMO Bank has been “heavily” investing in its technology architecture for the past five years. The bank reached a “major milestone” at the end of 2016, according to David Gordon, the bank’s U.S. That’s in terms of all the tech capabilities we have built, which will Read More.

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PYMNTS

JUNE 17, 2020

Air Force has granted blockchain firm SIMBA Chain a $1.5 million check to help create a new blockchain for supply logistics in the next two years, according to Coindesk.com. The military’s need for tracking its multi-part, expensive operations has only increased with the introduction of 3D printing, according to Coindesk.

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PYMNTS

MAY 31, 2017

Complex supply chains have been the focus of blockchain innovators as of late as they explore how distributed ledgers can streamline and safeguard the transmission of paperwork and funds across borders and between companies. The report, released last week, agrees that blockchain is making headway in supply chain management and finance.

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PYMNTS

NOVEMBER 25, 2019

Singapore-based BCB Blockchain announced that it has launched a $300,000 fund to support incubators and startup accelerators in the Philippines under the Department of Science and Technology (DOST). And Alibaba Group is using blockchain to further the development of the Chinese film industry.

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PYMNTS

JUNE 27, 2018

“Our new, hard infrastructure will be future-proofed to your imaginations, opening up a range of potential innovations in wholesale markets and corporate banking and retail services.”. The first product of their partnership is a revolving credit line that uses blockchain technology, provided to an unknown company.

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Bank Innovation

MAY 19, 2017

Decentralization where you are innovating […]. In fact, decentralization may be beneficial for banks, depending on “what do you mean by decentralization,” said Jared Harwayne-Gidansky, North American lead of the emerging business and technology group for BNY Mellon.

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PYMNTS

APRIL 6, 2018

The blockchain is making inroads into healthcare. Earlier this week, five healthcare firms operating across the U.S. Under the terms of the pilot, blockchain will be used with the hopes of improving data quality while reducing administrative costs focused on healthcare provider demographic data.

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PYMNTS

SEPTEMBER 11, 2019

Enterprise software provider R3 is teaming up with Mastercard to establish a blockchain solution for cross-border payments, the companies said in a press release on Wednesday (Sept. The new blockchain-enabled solution aims to bridge international payments infrastructures, schemes and banks via a Mastercard clearing and settlement network.

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PYMNTS

DECEMBER 31, 2019

The following Deep Dive further explores how paper-based methods can result in processing delays and how new, cutting-edge payment innovations can drive accounts payable (AP) automation. More than 40 percent are interested in same-day ACH, and over 30 percent are interested in blockchain technology. Manual processing challenges.

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PYMNTS

FEBRUARY 24, 2017

Blockchain technology keeps a high level of detail in its records of all financial transactions made. One of the arguably best parts about public blockchain technology is that it’s usually not controlled by one particular entity. PYMNTS: Please share your own definition of hybrid, private and public blockchain technologies.

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PYMNTS

NOVEMBER 5, 2019

Coca-Cola’s supply chain operations are run by an IT firm called Coke One North America (CONA), and the company recently had such a successful run with blockchain software provider SAP that it’s going to expand the program from two to 70 manufacturers, according to reports. . CONA wants to work with Walmart and Target next.

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PYMNTS

JUNE 5, 2018

Blockchain probably won’t solve all the world’s financial problems, as devoutly as innovators and enthusiasts may hope and believe that it can. Esther Pigg, SVP Product Strategy of FIS , says blockchain’s potential benefits will instead be discovered gradually, and will change the industry even more gradually.

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