Bank Innovation

APRIL 24, 2017

The rise of insurtech is running parallel to the rise of regtech, as financial firms and startups apply artificial intelligence, blockchain, and other technologies to the dizzying world of financial regulation.

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PYMNTS

MARCH 29, 2019

Federal Bank in India has partnered with blockchain payments company Ripple to facilitate cross-border payments, according to reports. This is to inform Federal Bank has entered into a partnership with Ripple Inc, a blockchain supported global remittance company, for cross border remittance through its network, ” the announcement said.

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Banking Exchange

JANUARY 6, 2023

Regulators have started 2023 with warnings surrounding investment in crypto for banks Risk Management Feature Feature3 Blockchain Bitcoin Cryptocurrency Digital Compliance Compliance/Regulatory.

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PYMNTS

OCTOBER 17, 2018

Blockchain company DMG Blockchain Solutions is rolling out a new supply chain management solution designed for the legal cannabis market. “The emerging cannabis industry demands product management solutions and blockchain is the most logical choice,” said DMG CEO Dan Reitzik in a statement.

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PYMNTS

SEPTEMBER 15, 2020

PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. Researchers found that 70 percent of demand deposit accounts are managed by FIs with access to the RTP network. RTP Expands Across FI Base. Financial institutions (FIs) in the U.S.

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PYMNTS

DECEMBER 4, 2018

Ripple, the blockchain company that owns XRP, the digital currency, has joined forces with NEM, Fetch.AI, and EMURGO/Cardano to create a new association that represents the interest of blockchain and cryptocurrency business in Europe. Speakers at the event focused on the benefits of blockchain technology for companies and lawmakers.

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PYMNTS

MAY 22, 2020

Cardano’s idea could create a fiat-like experience for users, and it could open up possibilities like authenticating and managing luxury goods, like the ability to identify a Louis Vuitton bag, for instance. With new microchip tech by Cardano , cryptocurrency users would be able to access payment services without an internet connection.

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PYMNTS

JULY 22, 2020

The Monetary Authority of Singapore (MAS) has proposed new regulations on cryptocurrency that will include those engaging in overseas activity, in an expansion on rules for the sector, according to a press release. The two organizations said an international consensus could help speed up transactions across borders.

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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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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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PYMNTS

DECEMBER 16, 2020

“We’re seeing growing interest from traditional asset managers who are adding cryptocurrencies as an inflationary hedge, catalyzed by recent macro-economic policies,” said Raghu Yarlagadda, FalconX CEO and co-founder, in the release. Meanwhile, banks in Malta are skeptical of jumping on the blockchain bandwagon, according to Cointelegraph.

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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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blockchain Innovation Tools Survey 188

CFPB Monitor

MAY 3, 2022

On April 28, 2022 the New York Department of Financial Services (“NYDFS”) issued its Guidance on Use of Blockchain Analytics , a document directed to all virtual currency business entities that either have a NYDFS Bitlicense or are chartered as a limited purpose trust company under the New York Banking Law.

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PYMNTS

APRIL 18, 2019

A new technology protocol announced by corporate accounting and auditing firm Ernst & Young (EY) aims to secure transactions made over public Ethereum blockchain. The solution aims to help enterprises and investors to conduct private, secure transactions on a public blockchain.

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PYMNTS

NOVEMBER 27, 2018

Atiku Abubakar, a 2019 presidential candidate in Nigeria, said he will support cryptocurrency and blockchain if he becomes the country’s next leader, according to the Daily Post. Abubakar added that regulation will “provide clarity” and allow for jobs and income for Nigeria.

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PYMNTS

AUGUST 27, 2020

In other news, LVC Corporation , which operates LINE, is announcing the launch of two new products: LINE Blockchain Developers, a developer platform for blockchain services; and the BITMAX Wallet, for managing digital assets, a press release stated.

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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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PYMNTS

JANUARY 16, 2019

In Asia, blockchain continues to get a boost from government and regulatory efforts, especially in the realm of trade finance done across borders. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region. IoT Gains Traction With Blockchain.

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Banking Exchange

MAY 19, 2021

Corporation is the latest regulator to respond to the rapidly growing fintech market Compliance Technology Feature3 Fintech Blockchain Feature Financial Trends Bitcoin Cryptocurrency Compliance Management Compliance/Regulatory.

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PYMNTS

JUNE 19, 2019

Libra may have dominated the news so far this week — and, of course, the new cryptocurrency announced by Facebook is underpinned by blockchain. To that end, the MediLedger project debuted a new pilot program this week, billed as a cross-industry initiative that eyes using blockchain for drug supply chains.

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PYMNTS

NOVEMBER 7, 2019

Hong Kong’s chief securities regulator is calling on the world regulators to get on the same page when it comes to Facebook’s Libra to avoid the “real risk of regulatory arbitrage.”. “If But, with Rezchain, it doesn’t have to be that way any longer,” John Guscic, managing director, Webjet, said in a press release.

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PYMNTS

NOVEMBER 3, 2020

ZenGo said the card will be the first card connected to a “self-hosted, on-chain, multi-currency wallet" in which the user manages the funds. In other news, HSBC has successfully run the first international blockchain letter-of-credit (LC) transaction in Bangladesh, according to an announcement.

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PYMNTS

OCTOBER 8, 2018

And Seoul Mayor Park Won-soon unveiled a $108-million plan to make the capital into a blockchain-enabled smart city, Coindesk reported. He said that multiple public services such as elections and labor welfare will use the blockchain technology. The research is described as “a project that uses blockchain technology to improve U.K.

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Perficient

MARCH 3, 2023

In our first blog in this series, Blockchain: The Secret Sauce to Supply Chain Visibility , we covered why visibility is so crucial in the supply chain for all parties and gave examples of firms using distributed ledgers to help improve customer service, reduce inventory costs, provide proactive status updates, and help mitigate risk.

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PYMNTS

SEPTEMBER 26, 2018

Representative Warren Davidson (R-Ohio) is hosting a “Legislating Certainty for Cryptocurrencies” roundtable, with financial firms, venture capitalists (VCs) and cryptocurrency companies all gathering to say their piece on the shaping of crypto regulation.

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Insights on Business

JUNE 19, 2017

According to a report from Santander, blockchain technology is poised to save banks $20 billion dollars a year in infrastructure costs by 2022. Northern Trust—a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals—thought differently.

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PYMNTS

APRIL 14, 2019

The International Monetary Fund ( IMF ) and the World Bank are partnering up to launch a private blockchain and “quasi-cryptocurrency.”. This is forcing central banks, regulators and financial institutions to recognize a growing knowledge gap between the legislators, policymakers, economists and the technology.

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PYMNTS

DECEMBER 20, 2017

As more businesses join collaborative groups and invest in internal research and development (R&D) to explore using blockchain for new services, some firms have begun to use the technology themselves. Mutual fund conglomerate Vanguard is reportedly readying to implement blockchain into its own processes early next year.

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PYMNTS

DECEMBER 6, 2018

Blockchain company R3 is putting its Know Your Customer (KYC) solution to the test with dozens of French companies and corporate treasurers, according to BTC Manager reports Wednesday (Dec. Patent and Trademark Office, one of which was related to a blockchain tool to streamline KYC processes.

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PYMNTS

OCTOBER 29, 2019

China’s Tencent will take the lead in helping the global blockchain industry standardize invoices sent on distributed ledger technology (DLT), China’s Global Times reported on Tuesday (Oct. According to reports, a recent report by asset management firm Guosheng Securities found that “as of Aug.

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PYMNTS

JANUARY 7, 2019

The volatility of cryptos — and the emergence of any number of blockchain and tokenization projects through the last year — has invited fresh regulatory scrutiny of digital currencies. In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector.

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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. ” According to reports, Ciaran McGowan will replace Mancone and obtain the title of general manager.

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PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Cryptocurrency and Blockchain. Blockchain could also potentially help, because the public distribution ledger that records transactions can be independently verified.

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PYMNTS

JANUARY 27, 2020

s Lancashire Cricket Club is now selling tickets for all domestic and international fixtures at Emirates Old Trafford in 2020 through a blockchain-based platform, according to the Ticketing Business on Friday (Jan. Przelozny referenced “a number of positive moves by Singaporean regulators” as part of his reasoning.

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PYMNTS

JUNE 9, 2017

Blockchain could have an impact on the economy — is Russia leading the way with its current investments? When executives in the finance industry think of blockchain technology, its perception has shifted in the past few years in terms of how it could shape financial services — and therefore the economy — as a residual impact.

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PYMNTS

JANUARY 24, 2018

Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. government isn’t the only jurisdiction going hot and cold on blockchain.

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PYMNTS

JANUARY 15, 2018

Chinese companies are flocking to blockchain and cryptocurrency technology despite regulators’ efforts to contain risks, reports in Reuters said Friday (Jan. The publication highlighted stock rallies amongst companies that recently disclosed their involvement in the blockchain space.

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