Latest Blockchain News: Finextra Research

RBI told the time is right to digitise the Rupee

The research arm of the Reserve Bank of India has recommended that the central bank should begin work on the creation of a digital currency unit using blockchain technology.

13 January 2017

News/Blockchain

Blockchain impact timeline speeds up, massive cost savings forecast

Uptake of distributed ledgers will remove $110 billion in costs for the global financial services industry over the next three years as the technology is applied to critical 'pain points' across seven legitimate use cases, according to an analysis by McKinsey.

13 January 2017

News/Blockchain

Deloitte to open Wall Street blockchain lab

Deloitte is opening a blockchain lab on New York's financial district, in what it bills a 'make or break' year for the nascent technology.

12 January 2017

News/Blockchain

Swift goes deeper into the blockchain

Interbank payments network Swift is stepping up its exploration of the blockchain, launching a new proof of concept test to determine if distributed ledger technology could help banks reconcile their nostro databases in real time.

12 January 2017

Company update/Blockchain

Puerbank Group opens virtual currency node in UK

An agreement on the establishment in the UK of a global node for a standardized digital currency based on blockchain technology was formally signed at Central Hall Westminster on January 9.

12 January 2017

News/Blockchain

Postal Savings Bank of China takes asset custody to the blockchain

Postal Savings Bank of China (PSBC) has formally launched a blockchain-based asset custody system, executing more than 100 live transactions on the system during a two-month trial run.

11 January 2017

News/Blockchain

Five fintech surprises for 2017

Haskell Garfinkel, fintech co-lead at PwC, delves into the facts, fads and fiction that will shape the fintech universe in 2017.

11 January 2017

Company update/Blockchain

Bitstamp to begin trading Ripple XRP

Bitstamp, one of the world’s leading digital asset exchanges, today announced it will launch trading of XRP, the digital asset native to the Ripple Consensus Ledger.

10 January 2017

News/Blockchain

Axis Bank ties up with Ripple for cross-border remittances

Axis Bank is the latest Indian bank bidding to move blockchain technology into the mainstream market, partnering with Ripple in its application for cross-border remittances.

10 January 2017

News/Blockchain

DTCC to build post-trade distributed ledger framework for derivatives

New York's Depository Trust & Clearing Corporation (DTCC) has selected IBM, in partnership with Axoni and blockchain consortium R3, to overhaul its Trade Information Warehouse to handle post-trade processing of derivatives contracts over a distributed ledger framework.

09 January 2017

Company update/Blockchain

Global Blockchain Business Council launches

The Bitfury Group, the leading global full-service Blockchain technology company, announced today that in collaboration with international law-firm Covington, it is launching the first ever Global Blockchain Business Council (GBBC) around the World Economic Forum 2017 Annual Meeting in Davos, Switzerland this January.

04 January 2017

News/Blockchain

Yes Bank uses blockchain to help client with vendor financing

India's Yes Bank has enlisted the help of IBM for a blockchain project that digitises vendor financing for client Bajaj Electricals.

04 January 2017

Finextra TV/Blockchain

Fintech is a maturing teen, banks are the parent

Paul Thomalla, Senior Vice President Global Corporate Relations & Development, ACI Worldwide, discusses how the payments industry has changed in 2016: how fintech has disrupted banking, the progression of the blockchain picture, and how banks have digitalised.

29 December 2016

News/Blockchain

Finextra's 2016 in review

As Finextra pulls the shutters down on 2016, we take a look back at our most popular news stories, videos, and community engagement activities over the course of the past year. The site will re-open for business on 3 January 2017.

21 December 2016

Company update/Blockchain

Microsoft to support Taiwanese blockchain consortium

Financial technology (Fintech) is transforming the financial services industry and a variety of innovations, including blockchain technology, have revolutionized the banking sector for the past year.

21 December 2016

News/Blockchain

Royal Canadian Mint joins Goldmoney blockchain platform

The Royal Canadian Mint is to allow transfers of gold bullion value stored in its vaults over a blockchain network run by Goldmoney Inc.

21 December 2016

News/Blockchain

BNP Paribas applies blockchain technology to corporate payments

BNP Paribas has completed its first live cross-border B2B payments between corporate clients using blockchain technology.

21 December 2016

News/Blockchain

Big banks prepare $20 million funding round for Axoni - Reuters

Goldman Sachs, JPMorgan and Icap are among a clutch of major financial institutions preparing to invest up to $20 million in blockchain startup Axoni, according to a report by Reuters.

20 December 2016

News/Blockchain

Euroclear pencils in 2017 for bullion on blockchain roll out

Euroclear is set for a 2017 go-live for the application of blockchain technology in the London bullion market after completing its first pilot trades.

19 December 2016

News/Blockchain

ABN Amro tests distributed ledgers in real estate sector

ABN Amro's journey to explore the full potential of blockchain-based transactions in financial services has moved into the commercial real estate sector.

19 December 2016