Bank Innovation

NOVEMBER 13, 2017

EXCLUSIVE—Investors don’t need to wait for Initial Coin Offerings to reach their full potential: this way of raising capital is already redefining how businesses in certain markets can operate, Taynaah Reis, CEO for cooperative banking system company Moeda told Bank Innovation.

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PYMNTS

NOVEMBER 9, 2018

Overstock may be best known as an eCommerce business, but these days its CEO and Founder Patrick Byrne is much more interested in talking about the power of cryptocurrency and blockchain, and how it will be the real future of both the firm and the economy in general. Suffice to say, Byrne remains one of blockchain’s bigger boosters.

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PYMNTS

OCTOBER 31, 2018

gears up to leave the European Union (EU), for commerce, there remains the unknowns of how trade will be affected, as well as how capital, goods and services can be tracked. The concept of blockchain used in Brexit’s aftermath — specifically to help navigate a new customs landscape — is nothing new. As the U.K.

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PYMNTS

MARCH 28, 2019

Blockchain has long been in the process of being divorced – operationally as well as conceptually – from its crypto connection. The hope has been that as blockchain moves beyond bitcoin , the decentralized way of moving data, assets and communications would find a wide berth in business. That has been the conventional wisdom, anyway.

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PYMNTS

MARCH 31, 2020

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. “Harvest season is usually when farmers spend their capital, and timely payments is crucial, but the time to get paid is extremely varied depending on who you’re selling to.

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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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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.

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Bank Innovation

FEBRUARY 18, 2016

Bank Innovation is pleased to welcome Marley Gray, Microsoft’s director of technology strategy for blockchain and financial services, to our speaker faculty. Gray will discuss corporate banking and blockchains on March 1 in Seattle with JP Jolly of Citigroup and Deva Annamalai of Fiserv.

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PYMNTS

FEBRUARY 17, 2017

As such, there’s a need to simplify all of these complex finance routes, and blockchain technology seems to be the anchor for this. By 2020, over 80 percent of bankers expect to see commercial adoption of blockchain, according to a recent study conducted by Infosys Finacle. Big transformations of this scale can take quite a while.

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PYMNTS

JANUARY 18, 2019

Yet, half a century later, even some of the largest multinational conglomerates are only beginning to implement EDI into their procurement and B2B commerce operations. Betting On Blockchain. For Inxeption, one of the most promising innovations to achieve this leap is blockchain. The technology first emerged in the 1970s.

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PYMNTS

JANUARY 26, 2021

HashCash Brings Blockchain Tech To Unnamed Bank. Although blockchain technology company HashCash Consultants did not name the FI, the company revealed it is collaborating with a bank in the U.S. to bring its blockchain-powered corporate trade financing technology into the entity.

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PYMNTS

JULY 9, 2020

For some, like Currencycloud and Steamchain, the path involves bypassing legacy payment rails and embracing blockchain. In a statement, Nium Global Head of Commercial Payments Sanjiv Razdan said that it is particularly important today for companies to have this B2B payment flexibility and a solution to optimize working capital.

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PYMNTS

MARCH 22, 2019

Small and medium-sized businesses (SMBs) are the lifeblood of many economies — Europe’s among them — and working capital is the lifeblood of SMBs. Yet many firms struggle to gain access to the capital that helps them launch or sustain operations. Initially we plan to operate in the Netherlands.

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PYMNTS

JANUARY 17, 2019

General Electric ‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations. 16), MUFG Americas and GE Capital said MUFG Union Bank will acquire GE Capital’s supply chain finance platform for an undisclosed sum.

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PYMNTS

MARCH 20, 2019

The idea that blockchain can be divorced from the crypto realm and used to trade and store assets is quickly gaining, well, currency. Blockchain for Trading . Trading protocols that operate across the blockchain, he said, are non-custodial, which means “sovereignty over your assets.

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Bank Innovation

MARCH 3, 2016

Real Time Equities Settlement will change the global capital markets beyond recognition, impacting every player in the ecosystem. For long a technological pipedream, Real Time Equities Settlement is nudging closer to reality thanks to Blockchain technology.

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PYMNTS

SEPTEMBER 22, 2020

According to Blue Star Capital , its investee company SatoshiPay has launched a new B2B payments platform to speed up cross-border payments, Proactive reported. And it has signed its first client, a European business operating in sub-Saharan Africa in the microfinance industry.

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PYMNTS

OCTOBER 8, 2020

Enterprise blockchain service provider Ripple on Thursday (Oct. The service “lowers both the cost of holding trapped capital and operational costs associated with sending cross-border payments,” Ripple wrote in the announcement. On its website , Ripple said its Line of Credit can help lower the cost of capital for firms.

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PYMNTS

NOVEMBER 5, 2019

Coca-Cola’s supply chain operations are run by an IT firm called Coke One North America (CONA), and the company recently had such a successful run with blockchain software provider SAP that it’s going to expand the program from two to 70 manufacturers, according to reports. . The funding round was led by Polychain Capital.

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CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Company Name. Phone number.

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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. Currently,” Citi explained in its announcement, “banks have to set aside capital as they wait for collateral to be settled.

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PYMNTS

AUGUST 23, 2020

21) to operate a virtual asset trading platform, according to a press release. OSL, a member of BC Technology Group, will be allowed to operate a brokerage and trading platform for digital assets, such as security tokens, the release stated. Asian digital asset platform OSL was given initial approval Friday (Aug.

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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. Other sites, including cryptowikipedia.ru Cointelegraph reported.

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Bank Innovation

JANUARY 28, 2019

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.

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Bank Innovation

JANUARY 10, 2017

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. In an interview with Bank of America CEO Brian Moynihan (Moynihan interviewed Rometty) Rometty revealed some of the areas where she sees blockchain Read More.

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PYMNTS

SEPTEMBER 19, 2018

A new report from Capital One examined this question, focusing on how technological disruption will affect its finances. Overall, Capital One found there has been no change since last year’s report in the portion of middle-market professionals preparing for disruption. Where does the middle market fit in this spectrum?

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PYMNTS

DECEMBER 3, 2020

In this week's look at payment rails innovation, Visa embraces blockchain and digital currency to facilitate corporate and small business payments, while CardUp supports commercial card payments by mixing payment rails for easier supplier acceptance. Dollar Coin (USDC) on the ethereum blockchain.

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PYMNTS

MARCH 23, 2018

Funders had a range of startup targets in mind, but blockchain and small business banking were the big winners this time, though four funding rounds for blockchain companies couldn’t compete with the single largest funding round of the week, which landed at alternative banking startup N26. Blockchain. Reports in City A.M.

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PYMNTS

JUNE 17, 2019

By changing to the XRP digital currency, however, it forecasts lower operating costs along with the value of working capital it needs. Newer blockchain technologies have the potential to revolutionize this process and optimize capital deployment.”.

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PYMNTS

OCTOBER 21, 2020

Mphasis will harness its Front2Back TM Transformation approach and its next-generation IT in addition to operations functions to help speed up the installation and use of the Contour network through a collection of businesses, financial institutions (FIs) and partners.

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PYMNTS

MARCH 26, 2019

Bank of America is the largest investor in blockchain patents, but according to CNBC reports on Tuesday (March 26), the company’s own technology leader is herself skeptical of blockchain. Reports last year revealed the FI had acquired or was actively pursuing a total of 43 patents related to blockchain technology.

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PYMNTS

MAY 26, 2017

Yet again, the B2B FinTech industry proves it’s quality over quantity when it comes to venture capital. But it was blockchain that turned heads with its record-setting funding. Backers at Riverwood Capital Management led the investment, reports said, with plans to use the funds to grow into new markets and continue product innovation.

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PYMNTS

JUNE 13, 2017

Emirates Islamic is reportedly planning on using a combination of QR codes and blockchain technology to enhance protection from fraud of paper checks. Financial firms are increasingly turning to blockchain to enable secure, digital payment transactions. The venture capital funds are going to help the company expand into the U.S.

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blockchain Fraud Security Report 124

PYMNTS

NOVEMBER 21, 2019

Paris-based Ultra , which has created its own blockchain, announced that French video game giant Ubisoft will become the first major gaming system to test out payments on its blockchain for gamers. The population of the country sees these capital controls are put in place, and then they’re going to look for a way around it.

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PYMNTS

JANUARY 14, 2019

In addition, Factris has acquired an invoice financing firm that serves the Lithuanian market called Debifo , and stablecoin company Terra is working to bring an experimental blockchain payment system to Mongolia.

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PYMNTS

DECEMBER 7, 2017

Blockchain and crypto companies may be operating with cutting-edge technology, but in the back-office, accounting and bookkeeping strategies are stuck in the stone age. There is a huge gap right now, and traditional accounting software doesn’t integrate with blockchains and cryptocurrencies.”.

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Bank Innovation

SEPTEMBER 7, 2016

The afternoon session brought on the blockchain. The morning session at BBVA Open Talent Challenge was all about artificial intelligence. From these sessions, two winners were chosen that will have the chance to engage with a global bank — perhaps the ultimate prize for a fintech startup today. The challenge was part Read More.

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