Bank Innovation

JULY 31, 2018

It might seem like blockchain has been all the rage among banks and fintech companies, but a recent Bank Innovation poll found that many of these companies don’t have any blockchain projects in the current pipeline of their innovation initiatives.

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Bank Innovation

OCTOBER 5, 2016

Some words that should no longer surprise you, because this technology is only growing stronger: in blockchain news, there’s a new player on the block… chain. Doing it, moving on: Blockchain-for-data company Factom Inc. has just raised $4.2M in a Series A, in a round of eleven investors—plus or minus Read More.

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Bank Innovation

FEBRUARY 28, 2018

EXCLUSIVE – Everything in banking is changing: fintechs are solidifying their place in the financial ecosystem, as challenger banks, online lenders, and blockchain technology providers become essential functions to keep the industry moving forward.

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Chris Skinner

MARCH 7, 2018

I recently wrote an article for Bloomberg’s Business Week, and thought it worth sharing with y’all here: What’s next for blockchain? Everyone got very excited a few years ago about blockchain technologies, the ledger system that was spawned by the arrival of bitcoin in 2009.

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Bank Innovation

SEPTEMBER 27, 2017

Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. 2017 has been a […].

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Bank Innovation

MARCH 29, 2018

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. The 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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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

DECEMBER 29, 2016

Patent filings for blockchain technology have more than tripled since 2014; this spike includes patents filed by cryptocurrency exchanges such as Coinbase, payment processors like Mastercard, and banks like Goldman Sachs and the Bank of America.

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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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Bank Innovation

MAY 26, 2017

The next big thing in financial services won’t make it very far off the ground if FIs don’t innovate with an eye towards compliance.

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Bank Innovation

JUNE 23, 2017

Its subsidiary, BNP Paribas Securities Services — a global custodian and securities services provider — received a third of that sum in order to explore emerging technologies, such as blockchain, AI, and […].

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Bank Innovation

APRIL 27, 2017

Ripple is taking strides to expand its network–and its technology offerings–in 2017. According to Asheesh Birla, vice president of product for the enterprise blockchain solutions provider, this year “is all about expansion” to new clients, countries, and markets.

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Bank Innovation

MAY 19, 2017

In fact, decentralization may be beneficial for banks, depending on “what do you mean by decentralization,” said Jared Harwayne-Gidansky, North American lead of the emerging business and technology group for BNY Mellon. Decentralization where you are innovating […].

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Bank Innovation

NOVEMBER 14, 2017

The finance landscape is witnessing some significant changes and disruptions due to fintech companies, blockchain technology, and AI. Here is a […].

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Bank Innovation

MARCH 7, 2018

EXCLUSIVE–The potential use cases of blockchain technology in banking continue to captivate bankers, but topics like cryptocurrency and Initial Coin Offerings, or ICOs, may be losing a bit of their edge. This is according to a panel on the subject during Bank Innovation 2018, which wrapped up yesterday in San Francisco.

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Bank Innovation

FEBRUARY 17, 2016

You might be using a blockchain to order detergent within the next few years. That’s because blockchains, or more properly, distributed ledgers, are likely to be used to authenticate users of IoT devices, according to Chris Skinner, author of the forthcoming book ValueWeb. Skinner told Bank Innovation today that he Read More.

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Bank Innovation

OCTOBER 4, 2016

So much has happened with blockchain over the past couple of weeks—so very much—but let’s talk about the banks: Firstly, Bank of America is the latest to join the ranks of financial institutions experimenting with blockchain. Bank of America Merrill Lynch recently announced at Sibos that it was collaborating with Read More.

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PYMNTS

FEBRUARY 28, 2020

To explore the positive impacts of blockchain on small businesses, the U.S. Committee Chairwoman Nydia Velázquez said, according to the report, “it is vital that Congress keep pace with the evolving needs of our country’s innovative small businesses.”

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Bank Innovation

MAY 23, 2017

Remember when blockchain was going to kill financial services? Take companies like Deloitte: with several new partnerships, projects, innovation labs, and consortium memberships, financial services giant Deloitte might have a better grasp on blockchain’s potential than a couple shiny new fintechs.

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PYMNTS

SEPTEMBER 14, 2020

Standard Chartered has announced the completion of the first cross-bank Letter of Credit (LC) transaction over blockchain, between Vietnam and Thailand, according to a report from FinanceFeeds. It was completed over the blockchain-based Contour network, which is an open industry platform and focused on digitizing trade finance.

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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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PYMNTS

OCTOBER 29, 2020

Mastercard ’s Senior Vice President of Innovation and Startup Engagement Deborah Barta told Karen Webster in a conversation with Luis Macias , CEO and Founder of GrainChain , that COVID-19 has only intensified the issue. Via their IoT integrations and technology on the ground, they can quantify information and verify that it's real.

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Bank Innovation

OCTOBER 13, 2017

SWIFT has dubbed its blockchain projects successful, according to a report published today regarding its proof-of-concept with the technology. The inter-bank network’s proof-of-concept, announced back in January 2017, was aimed at testing whether blockchain could be used for more efficient international transactions.

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Bank Innovation

FEBRUARY 22, 2017

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. Daimler AG — the parent company of Mercedes Benz — joined the project yesterday as a “Premier” member to “collaborate with a Read More.

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Bank Innovation

MARCH 9, 2017

2016 was a big year for Blockchain. The hype around Blockchain was palpable, and we saw news from all around the world about various initiatives picking up steam. While this entry is not meant to provide a comprehensive state of *all* of the consortiums out there, I am attempting to capture the ones that seem […].

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Bank Innovation

MAY 23, 2017

Blockchain is a technology that can cause a lot of frustration, but can also create a lot of joy. Fidelity is making strides in pioneering the adoption of blockchain technology and digital currencies; aside from a number of partnerships in the space (including […].

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Perficient

FEBRUARY 22, 2023

The Summit brings together experts in the field, including bank executives, technology vendors, and consultants, to discuss the latest advancements in automation and its impact on the banking industry. Perficient will also bring insight surrounding the banking industry’s growing use of blockchain to the Summit.

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Chris Skinner

SEPTEMBER 6, 2017

You and I probably think it’s just that once a year renewal … The post InsurTech’s big ticket items: machine learning on the blockchain appeared first on Chris Skinner's blog. There are lots of interesting nuances in insurance.

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Bank Innovation

JUNE 27, 2018

Blockchain‘s future in banking is bright, but right now, the industry is not prepared to take advantage of what the technology offers, according to a new McKinsey report on blockchain’s viability across various industries.

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PYMNTS

FEBRUARY 7, 2020

It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. blockchain startup Envoy will be used to bolster its supply chain and trade finance platform, the company told PYMNTS in an emailed announcement.

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Accenture

JUNE 29, 2020

Pillar 2: Enable and drive innovation A key role for central banks is to enable and promote a vibrant financial sector. The post Next-gen central banking | Pillar 2: Enable and drive innovation appeared first on Accenture Banking Blog. We move on now to the second pillar. In the digital age, that means helping to cultivate new….

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Chris Skinner

JULY 4, 2018

Conservative MP Eddie Hughes has just written a 36-page white paper extolling the benefits of blockchain for Britain, which was published yesterday Unlocking Blockchain: Embracing new technologies to drive efficiency and empower the citizen, by FREER.

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Bank Innovation

JUNE 1, 2017

Innovating at the same time everyone else is innovating is hard, but U.S. Headed by its fearless leader, Dominic Venturo, the bank’s Innovation Group has been at the epicenter of innovation in financial services across various tech sectors. Bank seems to be finding its way around.

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Bank Innovation

MAY 18, 2017

Blockchain experimentation is becoming the norm. Just about 33%–or a third—of organizations are “actively engaged with” (or at least considering) blockchain technologies, according to the study on blockchain exploration released today by IBM.

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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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Bank Innovation

AUGUST 30, 2017

The Russian state-owned bank, Vnesheconombank will open a special research center focused on blockchain in September. The center will be based at the National University of Science and Technology in Moscow. The launch of the center came at the request of President Vladimir Putin, according to reports.

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Bank Innovation

JUNE 9, 2017

Blockchain investors are more interested in ICOs, or initial coin offerings, than traditional investment models, according to data from the Coindesk first quarter 2017 State of the Blockchain Report released this week. In the first quarter, money raised for blockchain projects via ICOs accounted for a third of the […].

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