Latest Blockchain News: Finextra Research

IMF chief says banks would be unwise to dismiss the threat from virtual currencies

IMF managing director Christine Lagard believes virtual currencies might just give existing currencies and monetary policy a run for their money.

03 October 2017

News/Blockchain

Asean banks complete trial of KYC blockchain

OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), together with Singapore's Infocomm Media Development Authority (IMDA), have completed a proof-of-concept for a Know Your Customer (KYC) blockchain.

03 October 2017

News/Blockchain

Dubai Economy preps digital currency

Government-backed development agency Dubai Economy has signed an MoU with UK-based smart ID firm Objet Tech to help create and implement emCash, an encrypted digital currency, which people will be able use to pay for various government and non-government services.

29 September 2017

News/Blockchain

Overstock unit preps ATS for trading digital coins issued in ICOs

The blockchain subsidiary of online retailer Overstock is teaming up with RenGen and Argon Group to launch an SEC-compliant Alternative Trading System (ATS) for trading digital coins issued in initial coin offerings (ICOs).

28 September 2017

News/Blockchain

ASX "increasingly confident" about blockchain replacement for Chess

Top executives at the Australian Securities Exchange say they are "increasingly confident" about the prospect of replacing their legacy post-trade infrastructure with a platform based on distributed ledger technology.

28 September 2017

News/Blockchain

SEB and Nasdaq to collaborate on blockchain-based funds platform

Sweden's SEB is working with Nasdaq to develop a prototype for a mutual fund trading platform based on blockchain technology.

27 September 2017

News/Blockchain

R3 and 12 banks plan overhaul of open-account trade finance

Blockchain consortium R3 is collaborating with 12 banks and technology vendor TradeIX on an open-account trade finance project for corporate buyers and sellers around the world.

26 September 2017

News/Blockchain

Japanese banks plot national digital currency

Japanese banks are fighting back against the threat from China's Alibaba with plans to introduce their own digital currency in time for the 2020 Tokyo Olympics.

26 September 2017

News/Blockchain

Commerzbank completes money market transaction over R3 Corda

Germany's Commerzbank has hailed the potential of blokchain technology for money market trades, having successfully replicated a EUR100,000 Euro Commercial Paper transaction with a limited number of trading partners.

25 September 2017

News/Blockchain

Finextra partners with top banks and vendors for Sibos debates

Finextra is partnering with leading banks and vendors to run a series of roundtable events covering corporate banking, trade and supply chain finance and winning strategies for fintech collaboration at the annual Sibos conference in Toronto in October.

22 September 2017

News/Blockchain

German central bank flags DLT weaknesses

Deutsche Bundesbank has dampened the blockchain hype, dismissing distributed ledger technology's prospects in retail payments, at least in the eurozone, and pouring cold water on central bank-issued digital currencies.

22 September 2017

News/Blockchain

China Construction Bank (Asia) enlists IBM for blockchain-powered bancassurance

IBM is working with China Construction Bank (Asia) on a blockchain-powered bancassurance project in Hong Kong.

21 September 2017

News/Blockchain

AXA launches blockchain to cover late flight compensation

AXA has launched a blockchain-based insurance product that automates the payment of late flight compensation for air passengers.

20 September 2017

News/Blockchain

SBI Ripple Asia advances on South Korea

Ripple is to work with financial institutions in South Korea to enable blockchain-based cross-border payments transfers with Japanese banks.

19 September 2017

News/Blockchain

SETL aims for 2018 launch of blockchain-based fund platform

SETL and four french fund managers are aiming to go into production in 2018 with a pan-European fund record-keeping platform based on blockchain technology.

15 September 2017

News/Blockchain

Hong Kong e-wallet provider TNG raises $115m

Hong Kong-based digital wallet outfit TNG FinTech has raised $115 million in a Series A funding round led by Chinese private equity group NewMargin Capital.

14 September 2017

News/Blockchain

Want to invest in a blockchain startup? Finles Capital has just the ICO for you

Boutique Dutch fund management house Finles Capital is looking to raise EUR100 million through an Initial Coin Offering for its next private equity fund, which will invest in blockchain startups as well as in more stable equity assets.

13 September 2017

News/Blockchain

IBM and UBS team on blockchain payments for cars

UBS, IBM and car parts manufacturer ZF are working together to build a blockchain-based payments system that automatically collects fees for things such as parking and power charging.

12 September 2017

News/Blockchain

Regulatory and technology challenges impede the rapid roll out of DLT says DB exec

Regulatory impediments and the current fragmentation of protocols from a multiplicty of providers of distributed ledger technology will prove to be a major challenge for banks to overcome before the technology can go mainstream in financial markets, says a senior Deutsche Börse executive.

11 September 2017

News/Blockchain

Ripple and R3 trade blows in legal dispute

Blockchain startups Ripple and R3 are going to court to resolve a dispute over the unilateral termination by Ripple of an options contract on its XRP digital currency unit held by R3.

11 September 2017