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WSFS taps blockchain firm Intain to automate capital markets transactions

Bank Innovation

WSFS Bank is working with Intain, a blockchain firm based in Chennai, India, to help automate capital markets transactions. based bank, a subsidiary of WSFS Financial, said it’s using Intain’s blockchain-based tool to facilitate trustee reporting for asset-backed securities transactions. The Wilmington, Del.-based

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Bitcoin Daily: China’s Cosco Shipping Will Test Blockchain Tool; Tech Mahindra Rolls Out Blockchain System; Texas Orders S. African Co To Stop Selling Crypto Securities

PYMNTS

China’s Cosco Shipping will test out Ant Blockchain from Alibaba’s Ant Financial in an effort to simplify its business, Coindesk reported Wednesday (July 8). The firms noted that blockchain could be used to send out documentation that can be authenticated and can’t be modified like import licenses and container records.

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US Lawmakers Explore How Blockchain Can Help SMBs

PYMNTS

To explore the positive impacts of blockchain on small businesses, the U.S. The “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses” hearing will be held on March 4 at 11:30 a.m. House of Representatives Committee on Small Business plans to hold a hearing next week.

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Go Where No Operations Department Has Gone Before – Instant Settlement

Perficient

Blockchain Simplifies and Centralizes Trade Flows In the last series of articles published by members of Perficient’s Digital Assets Team , we wrote about the use of blockchain-based supply chains to assist supply chain transaction partners to share data through permission-based Blockchain solutions.

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Bitcoin Daily: Hdac, CertiK Partner For Blockchain-Powered IoT; Tezos Expected To Settle Securities Lawsuit With $25M Settlement

PYMNTS

CertiK , an auditing firm, wants to bring Internet of Things (IoT) devices onto blockchain through its new partnership with Hdac , CoinDesk reports. Hdac’s blockchain platform will work to combine the tight authentication, seamless mapping and machine-to-machine transactions with a network containing IoT devices.

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Bitcoin Daily: Bitcoin Sheds $20 Billion Off Market Cap; Gibralter-Based FinTech Launches Tokenized Securities Platform

PYMNTS

According to the law, digital securities “presumptively not an investment contract” would not be subjected to the sometimes contradictory rules between organizations. Gibraltar-based Global Stock Exchange has launched its Grid tokenized securities platform in Estonia as of May 7. Open interest on the platform fell.

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ECS Fin To Test Apifiny's Blockchain Program

PYMNTS

ECS Fin , which works in transaction processing optimization, will launch a pilot program to test the integration of blockchain services of Apifiny 's Roxe network to help companies save time and costs on B2B payments, according to a press release.