PYMNTS

NOVEMBER 24, 2019

JPMorgan’ s wholesale car financing arm has filed a patent application to use blockchain to track the automobile inventory it finances for car dealers. The application describes a distributed ledger-based version of floorplan lending, a revolving line of credit that allows car dealers to borrow against their retail inventory.

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Bank Innovation

MARCH 1, 2018

million) securities lending transaction using blockchain-based software created by blockchain consortium R3. Credit Suisse Group and Dutch bank ING Groep NV today announced they successfully completed a €25 million ($30.48

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PYMNTS

JANUARY 6, 2020

Chinese firm OneConnect , a blockchain-based small business (SMB) lending platform owned by insurance giant Ping An, has launched a new portal to facilitate SMB lending in the Guangdong province, the company announced on Monday (Jan.

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PYMNTS

DECEMBER 23, 2020

Plus, Contour completes blockchain trade finance transaction, Liberis raises funding for SME financing, Pakistan eyes digitizing supply chains, and Ripple faces SEC charges. Contour Completes Blockchain Transaction Between Two Cos. Today in B2B payments, lenders land SMB relief support in U.S. pandemic aid package.

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PYMNTS

DECEMBER 14, 2018

One of the largest banks in Spain, Banco Bilbao Vizcaya Argentaria (BBVA), has completed a $170 million (€150 million) loan with Porsche Holding using blockchain technology, according to a report. Although the bank has completed blockchain loans before, it’s never done it with a non-Spanish customer, until now.

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PYMNTS

OCTOBER 20, 2017

20), Mastercard announced news that it will be opening up access to its blockchain technology through its developer’s API. Mastercard is not the only firm delving into blockchain. At the same time, the blockchain guarantees that there is “a fully auditable and valid ledger of transactions.”. On Friday (Oct.

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PYMNTS

JUNE 2, 2020

The news comes as Nike patented what are known as “CryptoKicks” footwear, which is tokenized on the Ethereum blockchain as a non-fungible coin. In other news, Poolin, a bitcoin mining pool, is growing its financial services and digital currency lending verticals, CoinDesk reported. Miners that link up with the pool have roughly 18.3

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PYMNTS

DECEMBER 12, 2018

Cryptocurrency-backed lending platform Cred is opening up its technology to third-party developers, the company has announced. The Crypto-Lending-as-a-Service (CLaaS) solution enables other crypto companies — including exchanges, crypto wallets or mining services — to integrate Cred’s lending functionality into their own solutions.

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PYMNTS

DECEMBER 24, 2019

And for blockchain, a few warning signs have been flashing that all may not be as rosy as some observers may have hoped, had wanted. This is not to say that blockchain is doomed. Exhibit A, of course, would be Long Island Iced Tea, which back in 2017 said it would change its name to Long Blockchain Corp.,

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Bank Innovation

JUNE 14, 2019

Fintech executives sounded off on blockchain at CB Insights’ Future of Fintech conference this week. According to Henrique Dubugras, CEO and co-founder of Brex, blockchain is overhyped but cryptocurrencies are underrated. The corporate credit card startup is fresh off a $100 million funding round that has landed it a $2.6

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PYMNTS

MARCH 20, 2020

FinTechs continue to push the envelope to see how far open banking frameworks can go in improving the SMB banking experience, and increasingly, SMB lending is shifting to the center of these collaborative efforts. In the U.K., While more financial service providers in the U.S. “The roadmap to regulation has been in place [in the U.K.]

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PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions.

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Bank Innovation

JUNE 19, 2016

An in… Read more Wrap of Week #24: Robo-advisors, Blockchain; Insurtech and Small Business; in-store mobile payments; Marketplace lending. Sizing the UK robo-advisory market, which seems on the way to triple its size.

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PYMNTS

MARCH 13, 2019

The New York Times newspaper posted a job called “Lead, Blockchain Exploration” on Wednesday (March 13), and later took it down, according to reports. The posting said the organization was looking for someone to “design a blockchain-based proof of concept for news publishers.”.

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Bank Innovation

MARCH 9, 2018

EXCLUSIVE – SME lender, BlueVine has come together with cross-border payments provider Veem in a move that is indicative of a likely trend where payments and lending companies come together. For Veem, the partnership will let the blockchain-based payments company allow its U.S.-

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PYMNTS

OCTOBER 29, 2019

The Chinese state media advised people to stay levelheaded following a price escalation of bitcoin and blockchain stocks triggered by Chinese President Xi Jinping’s support, Reuters reported on Tuesday (Oct. Blockchain’s future is here, but we must remain rational,” he said, according to state-run news outlet the People’s Daily.

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PYMNTS

FEBRUARY 28, 2019

According to Bloomberg , Cagney’s new company, Figure , uses blockchain technology to supply home equity lending online in as little as five days. Mike Cagney, former CEO of SoFi , just announced that his new startup has raised $65 million in a funding round.

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PYMNTS

MARCH 11, 2019

CULedger , a credit union, has inked a partnership with IBM to create blockchain services geared toward credit unions. According to a report in Fintech Futures , the idea behind the project is to use permission-based blockchain technology so credit unions can reach more members that don’t have access to financial services.

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Bank Innovation

APRIL 26, 2018

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 […].

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PYMNTS

MARCH 22, 2019

USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence. Many companies, he told PYMNTS, rely on private lending. Blockchain applications like smart contracts can help transactions to be completed faster and more efficiently.

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PYMNTS

DECEMBER 2, 2019

The Central Bank of Sri Lanka has a call out for tech companies that can help it develop a blockchain-based know-your-customer (KYC) platform. 29, requesting tech companies who can build a “proof of concept” shared KYC system that would allow commercial banks and the central government to share and update customer data on a blockchain.

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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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PYMNTS

AUGUST 29, 2018

Banks seem smitten by blockchain. PwC writes in its “Global Blockchain Survey 2018” that responses from 600 executives across 15 territories are embracing distributed ledger technology (DLT) with enthusiasm. Everyone is talking about blockchain and no one wants to be left behind.”. Seems everyone is getting into the act.

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Bank Innovation

NOVEMBER 6, 2017

EXCLUSIVE — When it comes to blockchain, lenders need to stop thinking about smart contracts and start thinking about identity, according to industry experts. “To To get an identity verified, to get an organization to service you, it can be a lot smoother, it can be more secure, and you can be more in control of […].

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PYMNTS

JULY 29, 2020

He added that while cryptocurrency is important, the blockchain technology behind it is equally so. “Cryptocurrency for us has always been beyond the asset itself but more on the blockchain technology that underpins it,” he said, according to Bloomberg. Several other countries are considering CDBCs, including the U.K.

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Bank Innovation

AUGUST 13, 2018

David Brydun, vice president of consumer lending, exclusively told Bank Innovation that the financial institution has partnered with Checkbook.io on a digital check issuance solution that utilizes blockchain. “A A lot of what goes on in digital lending is […]. Baxter Credit Union, based in N.J.,

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Bank Innovation

DECEMBER 11, 2017

EXCLUSIVE- Blockchain technology and digital loans will continue to grow in 2018 as banks continue to work on their cybersecurity in the coming year, software provider Mitek predicts. It’s just logical that given the extent of recent data breaches, that we’re going to see more of the same.

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Gonzobanker

MARCH 23, 2022

Upon entering the lounge—which was established by Onyx, the bank’s blockchain unit—visitors are greeted by a digital portrait of Jamie Dimon (which morphs into the image of the bank’s head of crypto) and a roaming tiger. Commercial real estate lending is the better analogy. Many of the same principles apply to both types of assets.

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PYMNTS

AUGUST 23, 2018

The attractiveness of blockchain as a distribution method has been well documented, with the immutability of recording transactions and the relative anonymity of the parties as big selling points. In a report from the bank, blockchain may hold risk if it is misused. But, Kenya’s central bank has sounded a note of caution.

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PYMNTS

OCTOBER 7, 2020

LINE’s digital exchange operator and blockchain division LVC is rolling out a way for users to loan out digital assets to BITMAX, such as ethereum and bitcoin, CoinDesk reported. The firm will allow users to earn as much as 10 percent per annum of the lending service’s charge over a timeframe that spans a couple of weeks in October.

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PYMNTS

MAY 2, 2018

Blockchain applications may still be a ways away from real-world proliferation, but the technology is certainly beginning to take steps from proof-of-concept phase into beta and pilot testing. This week’s Blockchain Tracker takes a look at some of the latest initiatives to make progress and inch closer to a real-world launch.

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PYMNTS

SEPTEMBER 30, 2020

And, the SEC said that SALT Blockchain has to provide a reimbursement to clients that bought SALT tokens in a 2017 initial coin offering (ICO), Decrypt reported. SALT Blockchain is the firm behind SALT Lending , a loan offering supported by digital currency. The ICO landed $47 million between June and December 2017.

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PYMNTS

APRIL 30, 2020

Telegram delayed its TON blockchain rollout, which moves its date to go live to next year and sparks an expensive clawback measure, CoinDesk reported. Telegram also reportedly offered an option for investors to lend their investment to the app up to this time in 2021. Securities and Exchange Commission (SEC) suit.

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Banking Exchange

JANUARY 31, 2020

While traditional lending struggles with slow growth a niche lending business is experiencing huge momentum Bank Performance Revenue Blockchain Feature Financial Trends Management Feature3 Technology.

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PYMNTS

OCTOBER 19, 2017

Plenty of industries and companies are eyeing blockchain – the technology that enables cryptocurrencies, such as bitcoin – but when it comes to corporate investors, SBI, Google, Overstock.com, Citi and Goldman Sachs are standing out from the pack.

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Bank Innovation

MAY 24, 2017

Many (if not all) major lenders and OEMs are exploring blockchain applications in the auto and auto finance industries. Toyota Research Institute announced a partnership with four blockchain startups during the Consensus 2017 conference, following the launch of a blockchain consortium the OEM announced yesterday. Bookmark.

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Bank Innovation

OCTOBER 24, 2017

EXCLUSIVE— If financial institutions are going to begin fully utilizing blockchain or distributed ledger technology, they’re going to have to pay much more attention to the use case at hand rather than the underlying technology, R3 said.

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