Financial Services

BlockchainFinancial Services

Virgin Media Business Disruptor 10 Selects Blockchain

Blockchain, provider of digital currency and distributed ledger software, has been announced as a Virgin Media Business ‘Disruptor 10’ in the Sunday Times Fast Track, where ten companies are recognised for having a business model, product or service that is creating a new market, or transforming existing markets and rapidly...
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...
BlockchainFinancial ServicesPayment

Global Risk Technologies CIO Appraises Blockchain Technology for Consumers and Merchants

Recently, the World Economic Forum predicted blockchain technology will “fundamentally alter the way financial institutions do business around the world” and will soon become “the beating heart” of the finance industry. Monica Eaton-Cardone, an IT executive with payment industry and financial technology expertise, agrees that blockchain will renovate the global financial...
Blockchain DevelopmentFinancial ServicesSmart Contracts

Financial Services Blockchain Solutions From KPMG

KPMG has announced the introduction of its Digital Ledger Services, a suite of services designed to help financial services companies realize the potential of blockchain capabilities in providing faster and more secure transactions, streamlining and automating back office operations, and reducing costs. The Digital Ledger Services includes full lifecycle support...
AltcoinsFinancial Services

Paxos Develops Blockchain Solutions for Financial Insitutions

Financial technology company Paxos, named after a technical term that represents a process for reaching consensus, has released its new brand in delivering consensus-driven blockchain solutions for global financial institutions. The company's flagship service, Bankchain, is a cloud-based platform-as-a-service (PaaS) solution transforming post-trade market infrastructures and back office processes for...
Financial ServicesPayment

China Continues Blockchain Development

An article by China Daily has revealed the news that China's social security system will be utilising blockchain technology in reducing the cost of transactions and enabling trade. The National Council for Social Security Fund controls finances worth billions of US dollars and leveraging blockchain technology will result in huge...
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