Bank Innovation

MAY 10, 2018

Day 2 of FinovateSpring has come and gone, and curiously, there were still no demos from a blockchain-focused fintech. Among the 54 fintechs that demoed here over the last two days, more than half showcased products and services that used artificial intelligence in some shape or form, but none of the […].

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PYMNTS

OCTOBER 20, 2017

20), Mastercard announced news that it will be opening up access to its blockchain technology through its developer’s API. Mastercard is not the only firm delving into blockchain. At the same time, the blockchain guarantees that there is “a fully auditable and valid ledger of transactions.”. On Friday (Oct.

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PYMNTS

FEBRUARY 5, 2020

FinTechs are keeping an eye on emerging technologies at the beginning of the year — and predicting how they will impact business-to-business (B2B) payments in 2020. Blockchain. Praeger noted there is still attention surrounding blockchain, but it hasn’t been the game-changer that many people in the industry had expected.

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PYMNTS

JANUARY 22, 2021

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. Volopay is building out its FinTech platform designed to streamline financial control for businesses. The company recently announced $6.5 TripActions.

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Bank Innovation

NOVEMBER 18, 2016

The two most prevalent use cases for the blockchain in fintech are trade finance and cross-border transfers—moving money at a quicker pace and more securely, according to research by Coindesk.

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Bank Innovation

JANUARY 30, 2018

EXCLUSIVE – If the future of banking is partnering with fintech startups, then finding the most innovative and efficient fintechs becomes crucial for banks’ success. based The Venture Center’s FinTech Accelerator program, which is backed by financial […]. One such program is Little Rock, Ark.-based

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PYMNTS

JULY 31, 2019

Mastercard is collaborating with Bahrain’s Electronic Network for Financial Transactions ( BENEFIT ) to develop a blockchain-powered B2B payments solution, according to a press release Tuesday (July 30). According to reports in TahawulTech, the initiative marks Mastercard’s first national-scale blockchain project in the Middle East.

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PYMNTS

APRIL 3, 2019

It may seem that cross-border payments were in the … well … crosshairs this past week, with a number of country-by-country and company-by-company initiatives using blockchain and other methods to speed payments and lower fees. The company said it facilitates international payments, with funds reaching recipients in less than five minutes.

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Bank Innovation

OCTOBER 11, 2017

EXCLUSIVE— It’s no secret that banks don’t move all that fast when it comes to new innovations, but most are starting to match fintechs at the customer experience level, according to Verizon, which provides software and internet connectivity to much of the industry.

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PYMNTS

NOVEMBER 19, 2018

The World Blockchain Trade Consortium (WBTC) officially launched this week in Singapore with the aim to utilize blockchain technology to lower costs, reduce risk and increase funding to SMEs. When we created Invoice Check, we approached a lot of fintechs and stakeholders in the industry.

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PYMNTS

MAY 8, 2020

There may be talk of a venture capital slowdown, but B2B FinTech saw a busy week, with more than $280 million raised. Investors found promise in startups that target financial institutions (FIs) with software to improve their own services, as well as FinTechs that offer small business solutions by wielding their bank data. In the U.K.,

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PYMNTS

OCTOBER 17, 2018

Business services conglomerate Accenture is expanding its blockchain solution offerings with the development of a procurement platform launched in Thailand. Accenture integrated its blockchain architecture into R3 ‘s Corda open-source blockchain platform to create the tool, the company said.

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PYMNTS

JANUARY 26, 2021

And while the concept initially set its sights on elevating the consumer banking experience, the data integration drive continues to expand into new use cases, including business banking, that open up opportunity through bank-FinTech collaboration and data integration. HashCash Brings Blockchain Tech To Unnamed Bank.

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PYMNTS

FEBRUARY 6, 2019

In regulatory efforts tied to blockchain, the British dependency Isle of Man has debuted a hub focused on blockchain development. The advisory for the self-governing dependency has established the Blockchain Office, reported Cointelegraph , and has set up a sandbox that looks toward future regulatory frameworks.

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Bank Innovation

MARCH 25, 2019

These startups, diverse in focus, comprised a wide range of the fintech ecosystem, including payments, security and blockchain. The winner of the competition- an identity proofing and verification startup Diro Labs, received admission to the INV Fintech […].

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PYMNTS

APRIL 21, 2019

JPMorgan Chase is planning to expand its use of blockchain technology to improve the banking industry’s payment system, as well as get FinTechs to experiment on developing the platform. In addition, the IIN is setting up a sandbox so that FinTechs can use the network to “develop and put out applications.”

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Bank Innovation

SEPTEMBER 29, 2017

The hack has laid out the red carpet for startups focusing on data security. Based in London, Nuggets is a zero-knowledge security company that uses blockchain technology and biometric authentication to protect […]. EXCLUSIVE – With the Equifax hack, the perils of a data breach are no longer a hypothetical problem.

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blockchain Security Data Technology 199

PYMNTS

JUNE 13, 2019

For blockchain technology, the crux of many of its purported benefits for the enterprise is its decentralized nature, which, proponents of distributed ledger technology (DLT) have said, promotes visibility and makes it more difficult for data to be manipulated. ” However, that’s only the beginning.

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Bank Innovation

MAY 9, 2018

Long-time fintech analysts have low expectations for Facebook's newly unveiled blockchain initiative to be headed by PayPal's former president. Further, analysts suspect the effort might not center on using blockchain to offer financial services on the Facebook platform. "[I]

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PYMNTS

MARCH 31, 2020

GrainChain is one of several FinTech firms wielding blockchain to streamline financial transactions in the B2B space, using smart contracts to streamline both B2B payments and trade finance, as well as promote transparency and trust across all parties involved. Mitigating Risk With Blockchain. Looping In The Banks. ”

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Bank Innovation

FEBRUARY 11, 2019

BNY Mellon is on the hunt for fintech partnerships related to popular technologies like blockchain, data analytics, and AI, but also those related to more obscure technologies like natural language generation, Lucien Foster, head of digital partnerships at BNY, told Bank Innovation. “We We have an AI team, a blockchain […].

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PYMNTS

DECEMBER 21, 2020

“It is not yet clear whether he participated actively in the theft or if he simply decided not to increase security measures after discovering it,” Ivano Gabrielli, director of the national center for cyber crimes (CNAIPIC), told Reuters. cryptocurrency exchange Exmo reported a “major” security breach on Mon. Meanwhile, U.K.

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PYMNTS

OCTOBER 31, 2018

HSBC, Standard Chartered and 10 other banks launched a new blockchain -based trade finance program in Hong Kong on Wednesday (Oct. Blockchain for finance is expected to lower the levels of fraud in letters of credit and other transactions used for trade finance, and to reduce the number of steps in the process.

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Bank Innovation

MARCH 19, 2020

How will banking and fintech business models be impacted by this unprecedented coronavirus pandemic? For insights into these questions, Bank Innovation and INV Fintech, its sister banking innovation services platform, will present a special Zoom meeting on […]. How will banks and startups work together?

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PYMNTS

JANUARY 26, 2021

Signal is exploring the idea of adding cryptocurrency payments into its messaging app by integrating MobileCoin , a cryptocurrency supported by the Stellar blockchain, Platformer reported. MobileCoin complements the privacy-focused app in that it is “more resistant to surveillance,” according to a 2017 Wired report.

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PYMNTS

SEPTEMBER 19, 2018

Blockchain has been receiving attention well beyond cryptocurrencies, and the focus has shifted in part to patent filings. In the latest news germane to intellectual property and blockchain, Mastercard has filed three patent applications with the U.S. Carrying Blockchain Into The Carrier Space.

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PYMNTS

MAY 10, 2020

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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PYMNTS

DECEMBER 12, 2018

In the world of blockchain phones, another name may crowd the pantheon. Said sites including thenextweb.com , Samsung, no small player in mobile devices, submitted three trademark requests in Europe that offer up some clues into blockchain-focused phones.

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PYMNTS

JULY 9, 2020

For some, like Currencycloud and Steamchain, the path involves bypassing legacy payment rails and embracing blockchain. Oxbury Bank , which secured its full banking license in the U.K. Steamchain Lands Investment For Blockchain Tech. And still for others, like InstaReM, payments innovation involves a mix of infrastructure. .

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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

DECEMBER 22, 2016

Blockchain—possibly the buzziest of buzzwords in 2016. The world saw the rise of new enterprise blockchains, how the technology might be used to transport gold, to safely move perishable items like pork through a supply chain, and most importantly for those of us in the fintech trenches, we saw banks, Read More.

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blockchain Fintech US Technology 150

PYMNTS

DECEMBER 12, 2018

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. Digital Demand.

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PYMNTS

JULY 21, 2020

Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today. The Broader Blockchain Horizon. Or at least they didn’t until now.

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cryptocurrency blockchain Bitcoin Examples 318

PYMNTS

JUNE 19, 2020

It was a big week for B2B FinTech startups in Latin America. It’s an attractive market indeed for investors, with not one, but two Brazilian B2B FinTechs making this week’s venture capital roundup. Until then, PYMNTS rounds up the most recent B2B FinTech investment rounds below. Authenticiti. Remessa Online.

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Bank Innovation

APRIL 12, 2018

These roles include blockchain specialists, data scientists, software engineers, and security experts, among other […]. Payments provider Mastercard will be expanding its innovation center in Ireland with the creation of 175 new technology positions, the company announced today.

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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. The site said Jio’s actions would help deliver automation and security to transactions and for modernizing supply chains. Amazon, Too.

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PYMNTS

NOVEMBER 5, 2018

Chinese conglomerate Tencent is the latest to step into the blockchain trade finance space via its FinTech unit Tencent Financial Technology, according to reports in China Daily on Friday (Nov.

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