Bank Innovation

NOVEMBER 11, 2016

Blockchain is at a bit of a critical point, because it’s running up against the one universal enemy all new technologies have to face eventually: reality. In reality, how will banks use the blockchain? “To To do the real thing, it takes time, effort and expertise,” says Alex Wolff, head of Read More.

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Bank Innovation

FEBRUARY 16, 2017

Cross-border payments are getting an update—but banks are keeping blockchain in the blockchain labs. If [the Read More.

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Perficient

FEBRUARY 22, 2023

Perficient will also bring insight surrounding the banking industry’s growing use of blockchain to the Summit. Blockchain technology is being used to create secure, decentralized ledger systems that can store and transfer data in a transparent and secure manner.

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Bank Innovation

SEPTEMBER 27, 2017

What is the state of banking innovation today? Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation? Talk has shifted from last year’s discussions on blockchain and chatbots to artificial intelligence and cloud-based cores.

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PYMNTS

APRIL 18, 2019

A new technology protocol announced by corporate accounting and auditing firm Ernst & Young (EY) aims to secure transactions made over public Ethereum blockchain. The solution aims to help enterprises and investors to conduct private, secure transactions on a public blockchain.

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Bank Innovation

FEBRUARY 15, 2018

EXCLUSIVE- Global technology company IBM is involved in more than 400 blockchain projects, according to its vice president of blockchain technologies, Gennaro “Jerry” Cuomo, who testified before Congress yesterday.

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Bank Innovation

MARCH 8, 2017

— 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.

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Bank Innovation

MARCH 2, 2016

SEATTLE – In the end, it came down to biometrics versus blockchain. Eleven companies were awarded slots in the DEMOvation Challenge, which took place yesterday here at Bank Innovation 2016, our annual first-quarter event.

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PYMNTS

NOVEMBER 10, 2020

It is the rule of thumb, when it comes to secular change, that very few innovations come along to rapidly change the state of payments themselves. Longer term, in the drive to make crypto spendable, beyond the rails themselves, McCarthy said that compliance and security standards must be robust.

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PYMNTS

JANUARY 16, 2019

In Asia, blockchain continues to get a boost from government and regulatory efforts, especially in the realm of trade finance done across borders. The CBA pilots, as reported by CoinDesk and other sites, were tied to the issuance of letters of credit and securities. IoT Gains Traction With Blockchain.

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Bank Innovation

NOVEMBER 6, 2017

EXCLUSIVE — When it comes to blockchain, lenders need to stop thinking about smart contracts and start thinking about identity, according to industry experts. “To To get an identity verified, to get an organization to service you, it can be a lot smoother, it can be more secure, and you can be more in control of […].

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PYMNTS

MAY 22, 2020

It’s a tall order, Overstock CEO Jonathan Johnson told Karen Webster in a recent digital discussion, but the power of blockchain can be critical in addressing it. The consumer chooses to access their health record via a blockchain transaction, then chooses which businesses they wish to share information with, he said.

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PYMNTS

MAY 16, 2020

patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. 100 for User A in America, 200 pesos for User B in Mexico and so forth) in order to perform transactions in a secure, fast and reliable way.”.

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Bank Innovation

MARCH 11, 2020

WSFS Bank is working with Intain, a blockchain firm based in Chennai, India, to help automate capital markets transactions. based bank, a subsidiary of WSFS Financial, said it’s using Intain’s blockchain-based tool to facilitate trustee reporting for asset-backed securities transactions. The Wilmington, Del.-based

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PYMNTS

NOVEMBER 13, 2020

Silicon Valley’s Ripple , a blockchain payments startup, has filed a trademark with the U.S. Its frictionless blockchain payments platform enables users to send money around the world. . Patent and Trademark Office (USPTO) for PayString, which will likely be a new offering, according to a report in CoinDesk on Friday (Nov.

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PYMNTS

SEPTEMBER 12, 2018

In tech, innovation is everything. In innovation, intellectual property is, well, almost everything — it can be the hardware, the software, the processes that come from creative endeavor. Last year, 56 percent of all blockchain patents issued trace their genesis from China. Alibaba Bets On The Blockchain. And patents?

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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

DECEMBER 10, 2018

State Farm announced that it is testing out blockchain technology to streamline the subrogation process for auto claims. State Farm explained it is working with a partner in the insurance industry to test the blockchain solution against existing processes. The test will run through the first half of 2019.

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Bank Innovation

AUGUST 23, 2017

billion, is China’s largest private investment conglomerate, has confirmed that it has invested “tens of millions of yuan,” or multi-millions of US dollars, into a Shanghai-based startup responsible for a local blockchain technology platform. A representative of Fosun Group, which, at $13.1 In addition […].

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PYMNTS

JULY 1, 2019

The rise of the global economy and the demand for swift and secure cross-border payments is driving the development of more efficient infrastructures, and spurring financial institutions (FIs) to experiment with emerging tech. Canadian payments network Interac has experimented with blockchain for consumer payments.

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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.

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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. SANTA CLARA, Calif. – 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

JANUARY 3, 2019

To that end, any number of analyses are coming in the blockchain arena. According to an article via the MIT Technology Review , this will be the year that blockchain becomes “boring,” with innovative projects that will “bear fruit” this year even amid the declines seen last year in the sector, and in cryptocurrencies.

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Bank Innovation

JANUARY 30, 2018

EXCLUSIVE— Collaborative blockchain company Hyperledger has made Hyperledger Sawtooth, the second of its active projects to reach a 1.0 While its older cousin, Hyperledger Fabric, has enabled scores of developers and companies to work on blockchain projects […].

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PYMNTS

OCTOBER 30, 2018

Microsoft is reportedly partnering with Nasdaq on blockchain, in which its Azure blockchain services will integrate with Nasdaq’s Financial Framework. The partnership is aimed at creating a blockchain system to help technologies work together for Nasdaq customers. 30), noted the report.

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PYMNTS

AUGUST 23, 2019

The World Bank announced it has raised $33 million from investors for its blockchain-based “Kangaroo” bond, Bond- i. The bond, which is due August 2020, is the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger (blockchain) technology. This isn’t World Bank’s only blockchain project.

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Bank Innovation

SEPTEMBER 7, 2016

This week host Brett King is again joined by Chris Skinner, as the two conclude their five-part talk on blockchain technology — the rails beneath the anonymous bitcoin which keeps it secure.

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PYMNTS

SEPTEMBER 4, 2019

Australian supply chain-focused blockchain technology company Security Matters has filed a patent application in the U.S. And Huobi Global is getting set to launch NODE, the native token of both Whole Network and its Acute Angle blockchain phone. Given this, the need for devices optimized for blockchain seems clear.

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PYMNTS

SEPTEMBER 20, 2018

The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to data released this year by PricewaterhouseCoopers (PwC).

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PYMNTS

MARCH 1, 2018

Banking and financial services firm HSBC says its blockchain-based trade finance solution is ready to launch — in pilot phase, at least. We’re much more comfortable with its security and scalability.”. According to Wednesday (Feb. According to Wednesday (Feb. The technology has come a long way.

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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.

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PYMNTS

FEBRUARY 5, 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. AvidXchange’s goal is to have 100 percent ePayment adoption with “payments delivered on time, securely and with discrete data.”

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PYMNTS

JUNE 30, 2017

The blockchain has a bit of an identity crisis. And while it might be tempting to poke fun at those confident, if somewhat confused, CFOs, Adam Ludwin, co-founder & CEO at Chain , told Karen Webster that, actually, they are pretty much in the same boat as everyone else when it comes to the blockchain. “No Here’s a little proof.

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PYMNTS

FEBRUARY 9, 2019

Enterprise blockchain platform XinFin is joining the R3 consortium, with the R3 Corda marketplace hosting several XinFin apps for business users, the companies said in a press release Friday (Feb. Financial institutions that use the R3 Corda blockchain platform can gain access to and integrate these apps.

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Bank Innovation

FEBRUARY 14, 2018

According to reports, high-level Fintech and Innovation-driven Financial Services Regulatory Committee panel met last week to discuss the possibility of the fund that would focus on, among other things, fraud, security, and blockchain. The committee consist of seven members, […].

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PYMNTS

JANUARY 20, 2021

The Mobility Open Blockchain Initiative ( MOBI )'s Vehicle Identity (VID) II Working Group unveiled the second part of a vehicle identity standard that uses blockchain technology, according to an announcement. Maintenance traceability and vehicle registration are two focuses for the working group. "A In 2019, J.P.

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PYMNTS

APRIL 27, 2020

Cagney said that, for this reason, the stage may be set for an overhaul of the government’s payments status quo, quickened by innovation, and, particularly, by blockchain. Among the advantages of a blockchain ledger, he added, is the fact that parties in a transaction do not have to pay an interchange fee.

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