Bank Innovation

DECEMBER 29, 2016

Patent filings for blockchain technology have more than tripled since 2014; this spike includes patents filed by cryptocurrency exchanges such as Coinbase, payment processors like Mastercard, and banks like Goldman Sachs and the Bank of America.

blockchain 304

blockchain Industry cryptocurrency America 304

Bank Innovation

APRIL 7, 2017

Blockchain Capital, the first venture capital firm to focus exclusively on DLT technology is offering digital tokens that represent a stake in the firm’s third fund. The tokens are held on the Ethereum blockchain […].

blockchain 414

blockchain Capital Technology Online 414

Bank Innovation

MAY 10, 2018

Blockchain has yet to realize its full potential, and right now, it seems like financial institutions and technology providers aren’t rushing to push it out of its nascent, proof-of-concept stage.

blockchain 186

blockchain Online Innovation Technology 186

Bank Innovation

JUNE 27, 2018

Blockchain‘s future in banking is bright, but right now, the industry is not prepared to take advantage of what the technology offers, according to a new McKinsey report on blockchain’s viability across various industries.

blockchain 268

blockchain Industry Report Technology 268

Bank Innovation

OCTOBER 5, 2016

Some words that should no longer surprise you, because this technology is only growing stronger: in blockchain news, there’s a new player on the block… chain. Doing it, moving on: Blockchain-for-data company Factom Inc. has just raised $4.2M in a Series A, in a round of eleven investors—plus or minus Read More.

blockchain 356

blockchain Company Data Technology 356

PYMNTS

APRIL 26, 2020

E-FRESCO , a fresh fruit virtual market, is introducing blockchain capabilities to help sustain cross-border needs, according to a report. Canada, the Middle East, Europe and South America, customers trying to buy fresh fruit and vegetables online through the marketplace can now use blockchain-based shipment and B2B technology.

blockchain 196

blockchain social media System America 196

Bank Innovation

OCTOBER 13, 2017

SWIFT has dubbed its blockchain projects successful, according to a report published today regarding its proof-of-concept with the technology. The inter-bank network’s proof-of-concept, announced back in January 2017, was aimed at testing whether blockchain could be used for more efficient international transactions.

blockchain 290

blockchain Technology Report Online 290

Abrigo

JULY 27, 2023

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Regulatory technology, or regtech, can improve the efficiency and effectiveness of functions in many workplaces, and banks and credit unions are no exception.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Regulatory technology, or regtech, can improve the efficiency and effectiveness of functions in many workplaces, and banks and credit unions are no exception.

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

MAY 26, 2020

RMIT Online has unveiled two postgraduate programs as predictions indicate that 18,000 more cybersecurity workers will be needed in Australia by 2026, according to an announcement from the university. A PWC survey before the pandemic indicated that over 80 percent annual blockchain growth rates should be expected until 2025.

blockchain 171

blockchain Cyber Security Bitcoin Leadership 171

Bank Innovation

MAY 18, 2017

Blockchain experimentation is becoming the norm. Just about 33%–or a third—of organizations are “actively engaged with” (or at least considering) blockchain technologies, according to the study on blockchain exploration released today by IBM.

blockchain 255

blockchain Study Technology Report 255

PYMNTS

DECEMBER 28, 2018

The National Bank of Kuwait (NBK) has announced that it will incorporate RippleNet blockchain into its online banking platform, offering 24-hour wire transfers to Jordan, with more countries being added soon. Ripple is delighted to be a founding member of Blockchain for Europe,” said Ripple Head of Regulatory Relations Dan Morgan.

Online 186

Online blockchain National Technology 186

PYMNTS

APRIL 28, 2019

Blockchain got a boost last week after the Ohio House Of Representatives introduced a bill that would let state government agencies use blockchain technology. If the bill passes, government agencies in Ohio could use blockchain for recording car titles or tracking hunting licenses online, noted the report.

Ohio 149

Ohio blockchain Columbus Taxes 149

Bank Innovation

DECEMBER 13, 2017

Mutual fund firm Vanguard will start running index data for its funds on the blockchain, as the technology continues to expand its role in financial services. The company will begin using smart contracts, a feature that can better automate data, developed by blockchain startup Symbiont, as reported by Reuters yesterday.

blockchain 249

blockchain Data Technology Report 249

PYMNTS

NOVEMBER 29, 2018

An announcement Wednesday (November 28) said AWS is launching Amazon Quantum Ledger Database, as well as Amazon Managed Blockchain – solutions that Amazon Web Services CEO Andy Jassy said are “something that a lot of companies need.” AWS said Amazon QLDB has already been in use by AWS professionals for several years.

blockchain 153

blockchain Data Conference Management 153

PYMNTS

OCTOBER 31, 2018

Late this month, a study from Nexus found that across 200 businesses surveyed, more than half of large and mid-sized companies queried are looking to adopt blockchain in an effort to mitigate operational risks in the wake of Brexit. That would leave room for blockchain. As reported in July via white paper, the U.K. In the U.S.,

blockchain 201

blockchain Fraud Data Study 201

PYMNTS

MAY 4, 2020

Senate staffers put forward the idea of blockchain voting in a “continuity of Senate” memo at the end of April, CoinDesk reported. The staffers wrote, per the report, that “the Senate may consider blockchain” in the event that all of its members have to put in their votes remotely.

blockchain 150

blockchain Bitcoin US National 150

PYMNTS

JANUARY 18, 2019

Procurement officials and business professionals may prefer to shop online for their companies today, but only about 10 percent of B2B sales of products and services are online, according to Duke University and Deloitte figures released last year. “The most advanced technology is [electronic data interchange (EDI)].”

blockchain 197

blockchain Tools Technology Data 197

PYMNTS

MARCH 7, 2018

Blockchain is now an official word in the Merriam-Webster dictionary. Of course, the FinTech industry doesn’t have to look it up, but the dictionary now defines blockchain as a technology that enables the keeping of records of financial transactions in a digital database as part of a publicly accessible network.

blockchain 160

blockchain cryptocurrency Analysis Operations 160

Bank Innovation

MARCH 9, 2017

2016 was a big year for Blockchain. The hype around Blockchain was palpable, and we saw news from all around the world about various initiatives picking up steam. While this entry is not meant to provide a comprehensive state of *all* of the consortiums out there, I am attempting to capture the ones that seem […].

blockchain 306

blockchain Online Innovation Technology 306

PYMNTS

JULY 31, 2019

Russia’s S7 Airlines revealed that its blockchain platform, developed in partnership with Alfa-Bank, sold $1 million in tickets in July. Thanks to this new technology, now it’s easier for our agents to work directly with the airline, which allowed us to expand our own S7 Airlines sales network.

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blockchain System US Operations 177

Bank Innovation

JUNE 9, 2017

Blockchain investors are more interested in ICOs, or initial coin offerings, than traditional investment models, according to data from the Coindesk first quarter 2017 State of the Blockchain Report released this week. In the first quarter, money raised for blockchain projects via ICOs accounted for a third of the […].

blockchain 285

blockchain Capital Data Report 285

Bank Innovation

MARCH 7, 2018

EXCLUSIVE–The potential use cases of blockchain technology in banking continue to captivate bankers, but topics like cryptocurrency and Initial Coin Offerings, or ICOs, may be losing a bit of their edge. This is according to a panel on the subject during Bank Innovation 2018, which wrapped up yesterday in San Francisco.

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San Francisco blockchain cryptocurrency Innovation 282

Bank Innovation

OCTOBER 31, 2017

The R3 blockchain consortium, along with 22 of the top banks around the world, has created a new international payments system for banking. The system, which is based on blockchain, enables banks to transact “all existing central bank currencies,” according to a report by Reuters.

blockchain 225

blockchain System Payments Technology 225

PYMNTS

JULY 20, 2017

In the midst of today’s retail revolution, blockchain technology is being pushed up to the surface. E-Commerce’s increasing popularity over the last decade is likely the driver of blockchain technology implementation. One of the seemingly largest barriers for banks with blockchain technology are federal-level regulations.

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blockchain Bitcoin Delaware Illinois 105

PYMNTS

JUNE 2, 2020

Amazon Technologies Inc. The company wrote in its United States patent application that it can be challenging, if not impossible, to ascertain the trustworthiness of a party as activities move online and internationally. It noted, “Trust is earned. Once trust is lost, it can often be difficult to regain.”. Gartner Inc.,

blockchain 142

blockchain United States Taxes System 142

PYMNTS

JUNE 12, 2019

Retailer Target is developing an open source blockchain solution to boost transparency within supply chains , the company revealed. Reports said Target opened up its developed blockchain tool on GitHub, where it was named “ConsenSource,” with evidence of its existence on the platform in April.

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blockchain Retail Online Report 132

PYMNTS

AUGUST 13, 2019

Blockchain efforts — on a large scale — got a boost this week when Reliance Jio, the India-based mobile network operator, said it would set up one of the largest blockchain networks in the world. Ambani said that blockchain technology is among the three main areas of tech-focused expansion for Jio.

blockchain 135

blockchain Data Security Technology 135

PYMNTS

NOVEMBER 10, 2020

But in the decade since bitcoin’s debut, technologies have evolved in the payments ecosystem that are helping set the stage for cryptos to become more widely adopted. Blockchain remains a key driver of cryptos’ future, both as unit of currency and store of value. The Difference A Decade Makes . Back in May, i2c Inc.

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cryptocurrency blockchain Bitcoin Security 324

PYMNTS

NOVEMBER 15, 2018

As the peaks and valleys of blockchain hype continue to rise and fall, more doubt has surfaced over the future of distributed ledger technology, particularly in the area of B2B payments. While blockchain doubters have become increasingly vocal in recent months, its believers — including in the B2B payments sphere — remain.

blockchain 187

blockchain Payments System Survey 187

Bank Innovation

JULY 2, 2018

It’s no secret distributed ledger technologies (DLT) have been front-of-mind for financial institutions examining solutions to existing problems in institutional and retail banking. While blockchain technology is still a greenhorn in the wilderness of capital markets, the underlying concept should be heralded as a catalyst for innovation.

Technology 170

Technology blockchain Innovation Capital 170

PYMNTS

SEPTEMBER 6, 2017

Although many people equate blockchain technology with the banking and computer worlds, the technology is changing the food landscape as well. Companies like Walmart, Kroger and Nestle recently joined a partnership effort involving blockchain, signaling that the Internet of Things is making its way into Americans’ kitchens.

blockchain 197

blockchain Retail Technology Industry 197

PYMNTS

OCTOBER 10, 2018

After his departure from SoFi, Cagney moved quickly on to his next venture: Figure Technologies Inc , a new online lending venture built around using the blockchain to offer cheaper, faster and more efficient digital loans products. Annual percentage rates will start at around 5.99

blockchain 124

blockchain Online Capital Lending 124

Bank Innovation

JULY 7, 2016

As the summer heats up, blockchain hype may (finally) be cooling down. 2016 will likely see less investment in bitcoin and blockchain technology, but that is true for many other areas, as well. This year to date has seen $161 million invested so far, while 2015 saw a total of Read More.

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blockchain Bitcoin Technology Operations 210

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.

blockchain 314

blockchain Fraud Software Fintech 314

Bank Innovation

OCTOBER 4, 2016

So much has happened with blockchain over the past couple of weeks—so very much—but let’s talk about the banks: Firstly, Bank of America is the latest to join the ranks of financial institutions experimenting with blockchain. Bank of America Merrill Lynch recently announced at Sibos that it was collaborating with Read More.

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America blockchain Online Technology 385

PYMNTS

JUNE 11, 2019

Phone numbers, email addresses, usernames and other online signifiers have become vital to digital identity verification, as the world becomes increasingly connected. Another technology giant is leading the charge with blockchain. For more on these and other digital identity developments, download this month’s Tracker.

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Online blockchain social media Security 145