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BIS endorse Distributed Ledger Technology (DLT) for payments clearing and settlement

Chris Skinner

I’ve just been alerted by friend Gijs Boudewijn to the release of a fascinating white paper by BIS, the Bank for International Settlements (the guys who do Basel stuff and are big cohonez in banking circles).

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SMB Growth Stumbles Over Technology

PYMNTS

market, other research released recently showed the headwinds that small firms are facing from global competition and larger rivals, particularly when it comes to embracing digitization. “But as they grow, they are being stretched by operational issues and manual processes.” Forty-four percent of U.S.

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Russia Prepares For SWIFT Exit With Blockchain

PYMNTS

The Russian Association of Corporate Treasurers is joining the government-led Masterchain blockchain initiative, a platform developed by the central bank to facilitate communication within Russia’s banking market. Russia is reportedly looking to use the platform to replace SWIFT’s inter-bank communications network.

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Bitcoin Daily: Overstock Subsidiary Puts $2.5M In ‘GrainPay’; US Govt Works To Make Crypto Transactions Transparent

PYMNTS

The funding will be used to hire staff, “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” said ErisX Chief Executive Officer Thomas Chippas, according to Reuters. We found a proliferation of press releases, white papers and persuasively written articles.

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UK To Launch Big Tech Regulator Post-Brexit

PYMNTS

The United Kingdom will create a technology regulator next year after Brexit is completed, according to a report by the Financial Times. s Competition and Markets Authority (CMA), which published a report on Wednesday (Dec. 18) outlining new regulatory oversights for the tech sector.

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OpenPort Stores Logistics Data On Fr8 Network Blockchain For Faster Supplier Payments

PYMNTS

Logistics technology provider OpenPort has announced a partnership with blockchain company Fr8 Network in a deal that will enable OpenPort to connect its customers to blockchain solutions. OpenPort currently provides transportation management technology and trade finance to its corporate customers.

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Connecting The Dots To A Modernized Payments System

PYMNTS

It takes more than just having the latest technology or an innovative idea to make faster payments work. In its latest white paper, INTERAC outlines the principles as follows: Principle #1: Good funds is the better model. Think the usage of paper-based payments like checks and cash. If anyone knows that, it’s Canada.

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