Bitcoin Daily: Travala.com Combines With TravelbyBit; France Tests Blockchain-Operational Digital Euro

PYMNTS

Blockchain-based lodging reservation platform Travala.com has unveiled a merger with TravelbyBit, a Binance-backed “cryptocurrency-friendly” flight reservation site, according to an announcement on Wednesday (May 20).

Is Stupid Money Chasing Blockchain?

Bank Innovation

There seems to be a profound conundrum facing blockchain and its implications for financial services. While it is true that blockchain seems to have the potential to “transform” financial services, it also faces steep challenges.

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Fintech and Blockchain: Where Silicon Alley Meets Hyperconverged Infrastructure

Bank Innovation

Cryptocurrency Daily Post 4 Exclusive Operations Sponsored Blockchain cloud banking NutanixYou may not have heard of the term “Silicon Alley,” but I am sure you are aware of the game-changing financial technology that is emanating from it.

Blockchain Won’t Kill the Banks (Banks Say)

Bank Innovation

Exclusive Operations Technology Virtual Currency BlockChain BNY Mellon CME Group Ethereal Summit virtual futuresDecentralizing banking processes won’t actually kill financial service companies — at least according to those financial service companies.

Facebook’s Blockchain Team Is Assembling Its Own Mini-PayPal Mafia

Bank Innovation

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

IBM CEO Ginni Rometty on Blockchain Uses [VIDEO]

Bank Innovation

IBM is way past looking for blockchain use cases — it has between 300 and 500 blockchain projects going at the moment, according to CEO Ginni Rometty.

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Blockchain Is Coming to the Auto Industry, and Not Just for Financing

Bank Innovation

Hyperledger Project – the cross-industry effort for the advancement of blockchain technology – enlisted a new member, but it’s not your usual bank or tech firm this time. Operations Payments Technology auto finance BlockChain Daimler Hyperledger R3

Deloitte Taps Blockchain Startups to Build New Core Banking System

Bank Innovation

The accounting giant Deloitte partnered with five blockchain startups to build a new core banking system, and offer blockchain solutions to companies worldwide, the company announced this morning.

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JPMorgan Says Blockchain Is Making Progress Outside Crypto

Bank Innovation

It may take a few years for blockchain’s impact to be felt meaningfully, but it will provide some advancements in certain areas even as cryptocurrencies falter, according to JPMorgan Chase & Co.

Stablecoins can help companies unlock their operations

Payments Source

Blockchain Cross border payments Digital payments ISO and agent CryptocurrenciesStablecoins, with their instant settlement and high liquidity, averts the issues that have long plagued cross-border transactions.

BNY Mellon Hires for Blockchain as More Firms See It as a Priority

Bank Innovation

Bank of New York Mellon has named Subhankar Sinha as Head of Blockchain. Sinha’s blockchain […]. Cryptocurrency Exclusive Operations Premium AWS Blockchain BNY Mellon Deloitte JPMorgan Chase K&L Gates Microsoft Microsoft Azure Quorum

3 Not-So Futuristic Blockchain Applications

Bank Innovation

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.

Blockchain, Not APIs, Is Key to Faster Payments, Report Says

Bank Innovation

Cryptocurrency DataBank Exclusive Innovations Lending Online Open Fintech Operations Payments Premium Retail Risk APIs open banking Bank of America Blockchain distributed ledger technology HSBC PNC td bank

A Family-Owned European Bank on Banking the Blockchain Community

Bank Innovation

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 […].

We Have Passed Peak Blockchain Investment

Bank Innovation

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.

Notable Startup: Blockchain Firm Symbiont Raises $20 Million in Nasdaq Ventures-led Round

Bank Innovation

Coming off a year of high growth, enterprise blockchain startup Symbiont on Wednesday closed a $20 million Series B funding round led by Nasdaq Ventures, with participation from new investors including Galaxy Digital, Citi Ventures, and Raptor Group.

Twelve Banks Join Blockchain Consortium R3 to Create Open-Account Trade Finance Network

Bank Innovation

EXCLUSIVE – Twelve major banks joined blockchain consortium firm R3 and trade finance technology provider TradeIX on Tuesday in an initiative to develop an open account trade finance business network.

E-FRESCO Launches Blockchain Platform For Fruit Supply Chain

PYMNTS

E-FRESCO , a fresh fruit virtual market, is introducing blockchain capabilities to help sustain cross-border needs, according to a report. Alshami said in the report that the complexity of the shipping process over borders all but necessitated a blockchain-based system.

Banks Are ‘Dipping Their Toe’ into Public Blockchains, Says Chain CEO [VIDEO]

Bank Innovation

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. Compliance Corporate Cryptocurrency Exclusive Innovations Operations Payments Videos Bank Innovation 2018 BlockChain Chain VisaThe 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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Blockchain Startup BitPay Raises $40M for Asia Expansion

Bank Innovation

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.

Blockchain Tackles Farming’s Cash Flow Bottlenecks

PYMNTS

Cash flow is king for independent farmers operating with thin margins and wide exposure to a variety of risks, from economic downturns to inclement weather. Mitigating Risk With Blockchain.

Blockchain Technology Not Suitable for Visa’s Core Business

Bank Innovation

Visa doesn’t see much use for blockchain in its core business, which is transactions at scale, according to CEO Alfred Kelly. At the JPMorgan Technology, Media and Communications conference in Boston yesterday, Kelly said: Remember blockchain actually is not very good about facilitating low-value high-volume scale transactions, which is the core of what we do. […].

BNY Mellon Outlines Innovation Agenda — Less Office Space, More Blockchain

Bank Innovation

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. Corporate Innovations Mobile Online Operations Technology BlockChain BNY Mellon UBSReporting the bank’s third-quarter earnings, CEO Gerald Hassell outlines a shift in resources from real estate to digital. This practice normally refers to branches — all the Read More.

Mastercard Blockchain Patent Would Support Multiple Currencies

PYMNTS

Mastercard has been awarded a patent for a proposed blockchain system that would support multiple types of currency. So Mastercard wants to implement a method to create a blockchain that enables different blocks that can store different types of information.

Accenture Introduces Blockchain Procurement Solution

PYMNTS

Accenture has a blockchain solution that just went live, according to a press release. With increased supplier demand, Accenture buyer teams need to move quickly and effectively,” said Shane Marshall, the company’s managing director of Global IT and Blockchain.

Top News In Payments: China Allows PayPal To Operate; Mastercard Outlines Blockchain Intentions

PYMNTS

In today’s payments news, China has allowed PayPal to operate in the country with its purchase of a majority stake in GoPay. Also, Mastercard has outlined its intentions with blockchain following its high-profile Libra Association exit. China has allowed PayPal to operate in the country with its purchase of a majority stake in GoPay. Mastercard Outlines Blockchain Principles After Leaving Libra.

Brexit A Boon For Blockchain?

PYMNTS

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.

JPMC Adds Deutsche Bank To Blockchain Roster

PYMNTS

Deutsche Bank , Germany’s largest bank, is joining the 320 banks in the JPMorgan Chase -led blockchain initiative, the Financial Times reported Sunday (Sept. More than 65 banks are live on the JPMorgan blockchain, and 255 are in the process of joining.

Waves Platform Launches Venture Capital Fund Focusing on Crypto-Assets

Bank Innovation

EXCLUSIVE – Public blockchain platform Waves is launching a new blockchain venture product called Basics Fund to focus on investing in crypto-assets and pre-sale ICO tokens.

Finovate Day Two: Bots, Bonds, and a Bit of Blockchain

Bank Innovation

Capital Cards Commerce Compliance Corporate E-Commerce Innovations Insurance Lending Marketing Mobile Online Operations Payments PFM Retail Risk Security Social Media Startups Technology Virtual Currency Wealth Management BlockChain chatbots Finovate finovatefall online bond platforms

FIs Look Inward For Faster Blockchain Deployment

PYMNTS

Though the manic blockchain hype of 2018 has died down somewhat, FinTechs, banks and corporates continue to collaborate and innovate as they develop distributed ledger technology solutions for a range of use cases, including faster cross-border transactions.

Circle Launched Free Cross-Border Payments on Blockchain — When Will FIs Follow?

Bank Innovation

Exclusive Features Mobile Operations Payments Bitcoin BlockChain Chase Circle cryptocurrency Ethereum forex P2P StellarPerson-to-person payments have gained traction among banks and other financial institutions recently. Many of the incumbents, like Bank of America, Wells Fargo, or Citi, have integrated Zelle within their apps to offer free, instant, and simple P2P payments capabilities to their customers.

Wells Fargo And Mastercard On Blockchain: Oversold?

PYMNTS

Blockchain has long been in the process of being divorced – operationally as well as conceptually – from its crypto connection. Indeed, headlines have trumpeted blockchain as a way to trade bonds and stocks, send money and execute contracts, and yet….

Blockchain Banking, In NY And Done In Real Time

PYMNTS

Banking in blockchain – with real-time payments as a kicker? CoinDesk reported this week that Signature Bank , which is based in New York, is debuting a digital payments platform that is built on blockchain – and geared toward real-time transactions.

12 Blockchain Pilots In Insurance Aim At Operational Efficiency, Automation, & Customer Experience

CB Insights

Insurance companies have been testing out the potential of blockchain for years , continuing to invest time and resources into these efforts even as blockchain and crypto hype have sputtered. (We Below, we dig into 12 of the leading global initiatives applying blockchain to insurance.