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60 Latin American Banks Can Now Use Bitcoin for Cross-Border Payments

60 Latin American Banks Can Now Use Bitcoin for Cross-Border Payments

A leading bank technology provider in Latin America is partnering with cryptocurrency exchange Bitex to facilitate cross-border payments over the bitcoin blockchain.

13 AUGUST 2019

Facebook crypto plans turn up heat on EU banks over real-time payments

Facebook crypto plans turn up heat on EU banks over real-time payments

The euro zone could have an instant payments system shared by all banks in the bloc by the end of 2020, finance industry officials said, as lenders face more competition from the likes of Facebook and other tech firms.

28 JUNE 2019

The CEO of Qiwi: Banks become an atavism

The CEO of Qiwi: Banks become an atavism

Cryptocurrencies become competitors to traditional transactions which will be replaced in the future. That’s what the general director of the Russian payment service Qiwi, Sergey Solonin stated recently.

26 JUNE 2019

Latin American Banks Exploring Ripple’s Cross-Border Payments Technology Across Eight Countries

Latin American Banks Exploring Ripple’s Cross-Border Payments Technology Across Eight Countries

A pair of banks in Latin America are reportedly taking a hard look at adopting Ripple’s cross-border payments technology.

25 JUNE 2019

Italy’s Banks to Use Blockchain to Boost Settlements and Improve Transparency

Italy’s Banks to Use Blockchain to Boost Settlements and Improve Transparency

Italian banks will deploy blockchain technology to run reconciliations starting in March 2020, financial technology news outlet Finextra reported on June 18.

20 JUNE 2019

Why banks are not in a hurry to implement blockchain
Exclusive

Why banks are not in a hurry to implement blockchain

Banks are one of the main drivers of innovation in the financial sector. When it comes to the blockchain, however not everyone is in a hurry to introduce this new technology into their business processes. And there is a number of reasons for that.

13 JUNE 2019

Exclusive
Bank of Ireland and AIB are using a new blockchain platform to verify their staff's credentials

Bank of Ireland and AIB are using a new blockchain platform to verify their staff's credentials

BANK OF IRELAND, AIB and Ulster Bank are collaborating with Deloitte and the Institute of Banking on a blockchain-based education platform for the financial services industry.

30 MAY 2019

Five Canadian Banks Employ SecureKey Blockchain System to Identify Users

Five Canadian Banks Employ SecureKey Blockchain System to Identify Users

Five Canadian banks will be employing a blockchain-based user identification system developed by tech startup SecureKey Technologies, Bloomberg reports on May 1.

2 MAY 2019

India’s Federal Bank to offer blockchain based remittance solutions to NRIs

India’s Federal Bank to offer blockchain based remittance solutions to NRIs

Federal Bank, an Indian private sector bank, on Thursday launched two technology-based remittance variants in the UAE enabled through partner exchange houses and banks for making remittances to India.

29 MARCH 2019

Australian bank ANZ still doesn’t understand blockchain technology

Australian bank ANZ still doesn’t understand blockchain technology

The Australia and New Zealand Banking Group Limited (ANZ) has thrown some serious shade at distributed ledger technology — commonly referred to as ‘the blockchain.’

26 MARCH 2019

Citi not Launching their Own Token

Citi not Launching their Own Token

JP Morgan and Jamie Dimon have been the biggest haters of bitcoin. So isn’t it peculiar that they are planning to launch their own coin, despite the statement - “Bitcoin is a scam”? Well, not really. Getting an asset’s price low to be able to purchase at the right time is a great strategy. Market manipulation is illegal however crypto is a largely non-regulated area so they could get away with it nicely with no shame.

19 MARCH 2019

IBM Blockchain is Live and Bank-Issued Stablecoins Are On Their Way

IBM Blockchain is Live and Bank-Issued Stablecoins Are On Their Way

Six international banks are planning to issue their own stablecoins on IBM’s Stellar-powered money wiring service, IBM and Stellar announced Monday.

18 MARCH 2019

Basel Committee warns banks on crypto asset exposures

Basel Committee warns banks on crypto asset exposures

Global banking regulators have set out a minimum set of standards for financial institutions to adhere to when dealing with crypto assets.

13 MARCH 2019

IBM Quietly Enters Crypto Custody Market With Tech Designed for Banks

IBM Quietly Enters Crypto Custody Market With Tech Designed for Banks

Later this month, Shuttle Holdings, a New York investment firm, will launch the beta version of a custody solution for digital assets built on IBM’s private cloud and encryption technologies. The companies won’t be storing cryptocurrencies and tokens themselves, but offering tools for others to do so.

12 MARCH 2019

SWIFT Teams Up With Major Banks, SGX to Trial Blockchain Voting

SWIFT Teams Up With Major Banks, SGX to Trial Blockchain Voting

Financial messaging giant SWIFT has teamed up with the Singapore Exchange and four banks to trial a platform for e-voting based on blockchain tech, the firm said Tuesday.

7 MARCH 2019

Japan megabanks nix plan for peer-to-peer mobile remittance

Japan's three largest banking groups have scrapped plans for a peer-to-peer remittance service linked to mobile phone numbers, deeming the project redundant as each develops its own digital services.

5 FEBRUARY 2019

Crypto Exchange Bitstamp Announces Partnership with Major Swiss Online Bank

European cryptocurrency exchange Bitstamp has announced a partnership with major Swiss online bank Dukascopy, according to an announcement published on Friday, Jan. 25.

26 JANUARY 2019

Chinese Bank Giants Tap Blockchain in Trade Finance Efficiency Boost

The China Banking Association (CBA), the country’s self-regulatory organization for the banking sector, is launching a new blockchain-based platform for trade finance.

4 JANUARY 2019

Bitcoin ATM Producer Moves to Switzerland Due to Regulatory Difficulties

Bitcoin (BTC) automated teller machine (ATM) manufacturer Lamassu has moved to Switzerland due to regulatory difficulties in other countries, according to a blog post published Jan. 1.

4 JANUARY 2019

UAE and Saudi Arabian Central Banks to Jointly Launch a Cross-Border Cryptocurrency

It’s confirmed. The United Arab Emirates (UAE) and Saudi Arabia will work on cross-border digital currency. The exact date when it would be issued is still unknown but we know one thing, the digital currency is not targeted at consumers. It’s strictly for banks.

12 DECEMBER 2018

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