Financial Services

BlockchainFinancial ServicesMarketSupply Chain Management

Wecast and He Ying Private Equity Fund Apply Blockchain to Automotive and Commodities Industries

Wecast Network, Inc. has announced the formation of a Joint Venture called ‘Seven Stars He Ying Smart Cloud’ (SSHY), with Beijing HE YING Fund Management Limited (He Ying). The JV, which will be 51% owned by Wecast and be added to the Product Sales Cloud, will focus on several strategic...
AltcoinsBitcoinBlockchainDash (Darkcoin)Digital AssetsDogecoinEthereumExchangesFinancial ServicesGlobal StandardsLitecoinRipple

Bancor Brings Cryptocurrency to the Masses Through Smart Contract Exchange

Bancor is a new open-sourced protocol that enables the creation of a new type of cryptocurrency called a smart token, which can hold and trade other cryptocurrencies in reserve – a method of transferring between any cryptocurrency. Designed to bring full liquidity to cryptocurrencies, Bancor aims to bring blockchain and...
BlockchainFinancial Services

Humaniq ICO Exceeds $5 Million

Ethereum-based financial services project Humaniq, providing banking services for the unbanked, has announced that its public crowdsale of the HMQ token finished with a participation of 11,860 people. The pre-seed funding for this crowd-sale reached $5,163,000. Dinis Guarda, CEO of Humaniq, said: "Our team has worked hard to prepare and...
BlockchainFinancial Services

Blockchain Technology Secures Transaction Records for Consumer Credit Platform

New consumer credit platform Upgrade, Inc. has announced the launch of a new consumer credit platform that combines a marketplace lending approach with tools that help consumers understand and monitor their credit. The company has incorporated blockchain technology to build risk management, servicing operations, compliance management system and internal controls....
BlockchainFinancial ServicesMarketPayment

Blockchain Technology Transforms Finance and Accounting Operations

Global professional services firm Genpact, which focuses on delivering digital transformation, is investigating the possibility of companies using a digital finance and accounting solution that leverages blockchain technology to manage order-to-cash operations. In this way, Genpact aims to transform operations, customer satisfaction, and cash flow management by eliminating billing errors...
BlockchainFinancial ServicesMarket

Cross-Border Collateral Transfer Blockchain Solution

Four members of the 'Liquidity Alliance', an international group of central securities depositories, are cooperating with Deutsche Börse to launch an initiative leveraging blockchain technology to ease cross-border mobilisation of security collateral. With the planned solution, The Canadian Depository for Securities Limited, Clearstream, Strate and VPS want to overcome existing...
BlockchainFinancial ServicesStart-Ups

Waves Platform and Higher School of Economics Partner for Pro FinTech Startup Program

The Business Incubator of Higher School of Economics in Moscow has announced a second year of FinTech start-up program HSE Pro Fintech, with official partner Waves, the decentralized platform for crowdfunding and community management and National Settlement Depository. The Incubator recently launched the second round of its pro fintech programme....
Financial ServicesPaymentSecuritySettlements

Deutsche Bundesbank and Deutsche Börse Develop Securities Settlement Solution

Deutsche Bundesbank and Deutsche Börse have jointly presented a functional prototype for the settlement of securities utilising blockchain technology. The prototype is designed to provide the technical functionality for the settlement of securities in delivery-versus-payment mode for centrally-issued digital coins, as well as the pure transfer of either digital coins...
Blockchain DAppsBlockchain DevelopmentFinancial ServicesHealthcareIoTRemittanceSettlementsSmart ContractsTrade Finanace

New Blockchain Platform Accepted by Hyperledger Project for Incubation Status

Soramitsu Co., Ltd., developer of open source distributed ledger and smart contracts platform Iroha, has submitted and had its platform accepted to the Linux Foundation's Hyperledger Project as an incubation sub-project. Iroha will join IBM's Fabric and Intel's Sawtooth Lake as the third distributed ledger project with incubation status. The...
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