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This group is to share any information related to enterprise wide Blockchain technology adaption in different Banking Financial Services sub-domains.
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In today’s digital landscape, there is a significant risk of data breaches, cyber thefts, and other such frauds. Digital transformation has enabled fraudsters to find new lines of attack and exploit vulnerabilities. Fraud has always been a detrimental factor in the business world, particularly in the financial industry, causing fear in users when ...
21 April 2023 /security /crime
Andrew Beatty Head of Wealth, Retirement & International at FIS
The power and possibilities of Web3 represent a compelling opportunity for banks and financial services firms to consider. These emerging technologies are here to stay, and potentially transformational. So, what exactly is Web3 and what can it deliver? Web3 is a new iteration of the Web, and it is a work in progress. While there’s plenty of infor...
20 April 2023 /wealth /retail
Nick Smart Blockchain Intelligence Associate Director at Crystal Blockchain
Though the general principles of financial crime remain largely the same, criminals and other bad actors continue to seek new ways raise, store, move, and spend digital assets. Having an idea of what may come next in the crypto industry is something of a holy grail – yet one that never fails to stop participants from making predictions about what ...
17 April 2023 /identity /crime
Mousser Rahmouni Head of Strategic Partnerships at Striga
As the use of cryptocurrencies continues to grow, more and more companies are looking for ways to integrate them into their existing financial systems. One such solution is the issuance of crypto cards, which allows users to access and use their digital assets for everyday transactions. In this article, we will explore how companies can issue cryp...
13 April 2023 /payments /crypto
In recent years, blockchain and cryptocurrency have disrupted traditional financial systems and are providing a viable alternative to cross-border fund transfer systems such as SWIFT. Cryptocurrency remittance is becoming increasingly popular due to its cost-effectiveness, efficiency, and ease of use. In this article, we will explore the challenge...
05 April 2023 /payments /crypto
Saurabh Singla Founder at ZEX PR WIRE
Blockchain technology has the potential to significantly change the way cross border payments are made. Currently, cross border payments can be slow and expensive, as they often involve multiple intermediaries and complex regulatory requirements. Blockchain technology could potentially streamline this process and make it faster, cheaper, and more ...
04 January 2023 /retail /crypto
Projects sometimes fail. But when there are lots of headline collapses in a short period, it’s time to look for patterns. Was it all hanky panky or was there a more legitimate reason for failure? In this exploratory piece, I unpack five projects in the distributed ledger technology (DLT), more specifically, the blockchain space whose collapse made ...
27 December 2022 /retail /crypto
Nish Kotecha Co-Founder & Chairman at Finboot
The recent and very public demise of cryptocurrency exchange, FTX, has once again dented wider faith and trust in the crypto world. Despite raising $400 million at the start of the year, rumours of FTX being undercapitalised led to more than $650 million in withdrawals - causing it to close its doors and confirming it was in a liquidity crisis. Th...
08 December 2022 /regulation /crypto
Gilbert Verdian Founder and CEO at Quant
The last few weeks have not been good for the reputation of blockchain industry. The collapse of the crypto exchange, FTX, has put bad actors and the unregulated trading of cryptocurrency into the spotlight. In more regulated spheres, we saw the $250m write-off by the Australian Securities Exchange (ASX) that pulled the plug on its supposed, world...
05 December 2022 /crypto /markets
Many businesses that would benefit from the blockchain have been avoiding it. Its carbon footprint, expense, and links to volatile cryptocurrencies contributed to blockchain harbouring a toxic reputation that it couldn’t shake, and businesses wouldn’t touch. That was until ‘the Merge’. This – now widely used – term references the restructure of the...
30 September 2022 /payments /predictions
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