Latest Blockchain News: Finextra Research

Big Data and distributed ledgers key to beating financial crime - FCA chief

A combination of Big Data analytics and distributed ledger technology could help financial institutions combat escalating levels of financial crime, says the chief executive of the UK's Financial Conduct Authority, Andrew Bailey.

16 November 2016

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Metro Bank tests smartcard payments on the blockchain

SETL, Deloitte and Metro Bank have successfully demonstrated a contactless blockchain smartcard retail payment system for 100 customers of the UK-based challenger bank.

15 November 2016

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OCBC pilots blockchain-based cross-border payments

In what it claims is a Southeast Asia first, OCBC Bank has carried out a pilot using blockchain technology to transfer funds between its subsidiaries in Singapore and Malaysia.

14 November 2016

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Capital markets expect blockchain to go mainstream within six years

Distributed ledger technology will be widely used in capital markets within six years, completely changing the settlement model for securities, according to a Deutsche Bank survey of industry players.

14 November 2016

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Thailand's KBank and IBM team on blockchain project

Thailand's Kasikornbank Public Company Limited (KBank), has enlisted IBM to help it build a blockchain network designed to reduce complexity in its corporate credit business.

11 November 2016

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BofE uses accelerator to gain real-world fintech experience

The Bank of England is using its new fintech accelerator to work with startups on developing proof-of-concepts (POCs) in data analytics, information security and distributed ledgers.

11 November 2016

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Global banks and R3 test DLT for KYC services

BBVA, ING and UBS are among the R3 member banks that have been working on a proof-of-concept for a distributed ledger technology-based shared KYC registry.

10 November 2016

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R3 partners Singapore's MAS for blockchain lab

Distributed ledger technology consortium R3 has teamed up with the Monetary Authority of Singapore (MAS) to open a centre of excellence on the island

09 November 2016

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Overstock invests in blockchain voting firm SettleMint

Online retailer Overstock is furthering its efforts to build a crypto-trading platform by taking a stake in Belgian blockchain startup SettleMint.

08 November 2016

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SEB to build Ripple-flavoured blockchain payments network

SEB is to use blockchain technology from Ripple to enable customers to make real-time intra-bank transfers between accounts in Stockholm and New York.

07 November 2016

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Fintech firms do not threaten financial stability - FSB

Fintech firms do not pose an immediate threat to international financial stability, according to a G20-backed watchdog, which nevertheless says that it is monitoring the nascent sector carefully.

04 November 2016

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Switzerland looks to ease rules for fintech firms

Switzerland's Federal Council is calling for regulations on fintech firms to be eased in an effort to boost the competitiveness of the country's financial sector.

02 November 2016

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DLT: clearing away the payments debris?

Distributed ledger technology has the potential to ease a host of operational pain points with UK payment systems and could be particularly useful for reference data databases, a report from Whitechapel Think Tank (WTT) suggests.

02 November 2016

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APIs and open banking win most airtime at Sibos 2016

Blockchain still high on the agenda according to Finextra’s review of discussions in Geneva, while excitement about AI grows

01 November 2016

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Ripple CEO Larsen makes way for Garlinghouse

Ripple CEO Chris Larsen is stepping down, handing over to current COO and president Brad Garlinghouse, who will lead the next stage of the firm's efforts to transform cross-border payments through the use of distributed ledger technologies.

01 November 2016

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Nimbrix to form buy-side blockchain consortium

Nimbrix, a fintech startup foundered by veterans of BlackRock, UBS and BGI among others, has partnered with KPMG and Microsoft to create a blockchain consortium for the asset management industry.

01 November 2016

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Japanese banks flock to blockchain consortium

A Japanese bank consortium planning to build a new real-time payments platform using technology from blockchain joint venture SBI Ripple Asia, has expanded to 42 banking members.

01 November 2016

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Mastercard releases blockchain APIs

Not to be outdone by rival Visa, Mastercard is stepping up its interest in distributed ledger technology, quietly adding three blockchain APIs to its developer site

31 October 2016

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Blockchain adoption unlikely to affect bank ratings in the near term - S&P

Standard & Poor's does not see blockchain technology having any near-term impact on assessments of bank stability, but the ratings agency acknowledges that it could deal a significant blow to traditional business models over the longer term.

28 October 2016

News/Blockchain

ABN Amro explores blockchain with Dutch university

ABN Amro is teaming up with Dutch university TU Delft to develop what it calls "more complex" blockchain applications that can deal with large amounts of data.

27 October 2016