News by results: Banking

Asian banking giant DBS and multinational commodity trading firm Trafigura Group are tapping blockchain to facilitate global trade.

When people used to ask me what I did for work, I would typically answer the question by saying I was in the financial services industry.

Coinbase has reinstated U.K. bank deposits and withdrawals following a months-long banking holdup.

Crypto has been the wild west of the financial world, a new frontier yet to be conquered with little to no law and order. Not long ago, people in the community used to say that if you lost Bitcoin, it’s like taking a bar of gold and shooting it into space, there is no way to retrieve it.

Switzerland’s Financial Market Supervisory Authority (FINMA) has issued banking and securities dealers’ licenses to two new blockchain firms - SEBA Crypto and Sygnum.

Blockchain implementation research is coming to New Jersey.

Facebook Inc’s plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project.

Cryptocurrency exchange Bits of Gold has won a notable legal victory over an Israeli bank in its bid to keep access to banking services.

The Asia Pacific region is poised to overcome North America as the largest market for AI in banking by 2030. AI projects in banking in the Asia Pacific will then reach a business value of $98.6 billion as opposed to $79 billion for North America, according to a report by IHS Markit.

Medici Ventures, the blockchain investment arm of Overstock, has acquired a 5.1 percent equity stake in blockchain banking startup Bankorus.

Last year shed a light to the most recent years biggest money laundering scandal involving Danish Danske Bank branch in Estonia. Over €200 million mainly originating from Russia was laundered using offshore businesses. The Estonian Financial Supervisory Authority has since revoked Danske Banks banking license in Estonia and has to stop operation in the country within 8 months.

Swiss bank Julius Baer plans to provide its client access to digital asset services, following a partnership with crypto bank startup Seba Crypto, a press release from Julius Baer reveals on Feb. 26.

Stablecoins may qualify as “money” under Texas law, according to updated guidance from the state Department of Banking.

According to a survey conducted by FOTON, an ICO-funded blockchain banking product that will not materialize until March based on funding efforts, 3% of American Internet users across age groups are ready to use a blockchain banking product or app today.

The Monetary Authority of Singapore (MAS), the city-state's central bank, is working to ensure cryptocurrency startups receive domestic banking services as part of the country's efforts to boost fintech development.

The second largest bank in Italy, Intesa Sanpaolo, and 13 other banks have successfully completed the first phase of an interbank reconciliation blockchain trial.

Zebpay, once the largest cryptocurrency exchange by trading volume in India, has announced it is halting its trading service later today.

Bank of Communications, one of the four state-owned commercial banks in China, has completed a major issuance of residential mortgage-backed securities (RMBSs) using a blockchain network.

Elad Roisman, the newly-appointed member of the Securities and Exchange Commission (SEC), could be the missing the piece in tilting the balance in favor of a bitcoin ETF approval. The new commissioner becomes the third Trump appointee to the SEC, succeeding Michael Piwowar, who stepped down in July.

U.S. banking giant Capital One is working on using blockchain technology to usher in more convenient and secure user authentication methods for instances such as banking security.