Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

IBM blockchain partner: Rival companies must join forces for common sustainable goals

Using blockchain and other technologies to work towards sustainable goals requires companies to break the current way of thinking in business, according to Anthony Day, blockchain partner at IBM.

06 March 2020

News/Blockchain

ING economist: The US has most to lose in war of digital currencies

The US dollar's position as the unrivalled global currency means it has the most at stake should central banks begin to issue their own digital currencies, according to ING economist Carlos Cocuzzo.

05 March 2020

News/Blockchain

UAE bank NBF opens Indian remittance corridor with RippleNet

UAE-based National Bank of Fujairah is to provide customers with real-time cross-border funds transfers via the RippleNet network.

04 March 2020

News/Blockchain

DIFC and Mashreq invite banks to join blockchain-based KYC utility

Dubai International Finance Centre and Mashreq Bank are inviting other banks in the region to join a blockchan-based KYC data sharing coalition after running the first live transactions to support licensed businesses and corporates opening digital bank accounts instantly.

03 March 2020

Company update/Blockchain

Samsung SDS and Credorax form distributed ledger pact

Today, leading smart payments provider and fintech bank, Credorax, and global leader in digital transformation and innovation solutions, Samsung SDS Europe (SDSE), announced the signing of a memorandum of understanding (MoU) to develop and bring to market Credorax’s fully automated, distributed ledger-based account reconciliation platform.

03 March 2020

Company update/Blockchain

Crowdz pilots blockchain-powered invoice exchange

Crowdz opens private pilot for the world's first invoice financing marketplace, InvoiceXchange, enabling businesses to auction off their unpaid invoices in return for invoice financing.

28 February 2020

News/Blockchain

Euro agencies to develop blockchain forensics

Two defence agencies in Austria and France are joining forces to improve cryptocurrency security and tackle the rising rate of crime in the crypto market.

28 February 2020

News/sustainable

The Redsand Group to launch sustainable fintech fund

Founder and managing partner of The Redsand Group, Nicole Anderson, announced in a recent interview with Finextra TV that the group will launch a fund to work with the venture community to support fintech aimed at tackling sustainability across financial services through tools such as blockchain and tokenisation.

27 February 2020

News/sustainable

How to use technology to solve climate change and cloud waste

Global IT expense is set to reach a staggering $3.9 trillion in 2020, an increase of 3.4% from 2019 according to Gartner. Driven by the adoption of software-as-a-service (SaaS), all market segments are expected to spend on forms of software such as cloud and expand its use through 2023. But what does this mean for the environment?

27 February 2020

Company update/Blockchain

Standard Chartered signs with Cobalt

The foreign exchange post-trade infrastructure provider Cobalt, has today announced that Standard Chartered is the latest client to sign.

27 February 2020

News/crypto

Bank of Canada won't issue digital currency - yet

The Bank of Canada has no plans to issue its own digital currency, but says this could change if cash usage drops off significantly or private options such as the Facebook-backed Libra gain widespread adoption.

27 February 2020

News/payments

Azimo enlists Ripple for cross-border payments

Money transfer outfit Azimo is tapping Ripple's On-Demand Liquidity (ODL) offering for faster, cheaper cross-border payments.

26 February 2020

Company update/Blockchain

Telcos trial blockchain-based cross-border mobile payments

The Carrier Blockchain Study Group (“CBSG”), the global blockchain consortium of telecom carriers and US-based TBCASoft (“TBCASoft”), today announced that Taiwan-based Asia Pacific Telecom Co., Ltd. (“APTG”) and a US-based carrier jointly completed Proof-of-Business (POB) mobile payment transactions enabled by the Cross-Carrier Payment System (CCPS) platform, a cross-carrier blockchain payment network developed by TBCASoft.

26 February 2020

News/crypto

SIX takes stake in crypto trading platform Omniex

Swiss exchange operator SIX is buying a stake in Omniex as part of a wider partnership with the digital asset trading platform. Financial terms of the deal were not disclosed.

26 February 2020

News/Blockchain

Blockchain-based ID system for credit union members made commercially available

Following successful pilots, blockchain outfit CULedger is making its digital identity service MemberPass (formerly called MyCUID) commercially available.

24 February 2020

News/crypto

Libra adds Shopify as member

After shedding several high-profile members, the Facebook-led digital currency project Libra has signed up online commerce giant Shopify.

21 February 2020

Company update/crypto

First Digital Trust to roll out instant settlement netowrk in Asia

First Digital Trust (FDT), the digital asset spin-off from Legacy Trust, is in the testing phase of Asia’s first instant Rapid Settlement and Clearing Network (RSCN) that will transform the way digital assets are owned, traded and invested in.

21 February 2020

News/Blockchain

Riksbank to run simulated tests of e-krona

Sweden's central bank is to begin pilot tests of a digital krona that can work as a complement to cash.

20 February 2020

News/Blockchain

Credit Suisse and Instinet first to settle US equities on Paxos blockchain

Credit Suisse and Instinet have begun settling US securities on a bockchain-based post-trade platform supplied by Paxos.

20 February 2020

Company update/Blockchain

GFT billed as 'Major Contender' in enterprise blockchain by Everest Group

GFT, an IT company specialising in digital transformation, is recognised by the analyst firm Everest Group as one of the main competitors in three categories of its PEAK Matrix™ reports: enterprise blockchain services, plus application and digital services for both banking and capital markets.

20 February 2020