MENU

blockchain
Tag Archive

572

Neo Bank Juno Raises $3Mn Seed Funding From Sequoia, Polychain

via Inc42 Media

Founded in July 2019, Juno  has been built using Ethereum blockchain and Nuo protocol. The platform aims to decentralise lending and borrowing of digital assets. With the new funding the company wants to expand its team in Singapore and India and apply for a license in select markets. (more…)

Banks, Blockchain, Deals, India, InspirAsia

October 10, 2019

1108

Everest to supply KYC platform in Samoa for cross-border transactions

via FinTech Futures 

Asian Development Bank (ADB) has selected Everest, a California-based firm that uses blockchain for know-your-customer (KYC) purposes, to fix a cross-border issue in Samoa, Australia and New Zealand.

The contract with ADB was signed on 1 March this year, with the implementation starting immediately and expected to be finished in Q3 of this year, Everest CEO and co-founder Bob Reid tells FinTech Futures. Everest was granted the contract after the call for proposals by ADB was made in October. (more…)

Blockchain, Fintech news, InspirAsia, Security

March 28, 2019

1986

Tech Nation Lists 10 Fintech Pioneers In Future Fifty 2019 Cohort

via Forbes 

Revolut, Monzo, Starling Bank, Currencycloud, Aire, Blockchain, MarketInvoice, Quantexa, Nested and Salary Finance were revealed to be among the 24 most dynamic and fast-growing late-stage technology companies to be chosen to join Future Fifty’s 2019 cohort.

Founded in 2013, Future Fifty works to champion the best British technology companies and provide support as they embark on their scale up journey on a national and international level. Alongside this, the programmes helps the organizations create jobs and inspire the next generation of entrepreneurs. (more…)

Fintech news

March 27, 2019

1233

Puerto Rico Financial Commissioner George Joyner: “There’s a space for virtual assets that won’t go away”

via Crowdfund Insider

George Joyner has Puerto Rico in his blood. The Commissioner of the Office of Financial Institutions is a veteran player who has spent his whole career in the fast-growing banking and, latterly, FinTech industry in the US territory of Puerto Rico, with the exception of two years in Florida. Born on the mainland, he was brought to San Juan as a six-month-old baby. Bilingual in Spanish and English, Joyner is an American and a passionate Puerto Rican.

Puerto Rico’s tax-favored status has proved attractive to both mainstream finance and players from cryptoland. Joyner understands and shares the local passion for growth, but as the gatekeeper of Puerto Rican standards, he will only allow growth to occur in the fashion he considers prudent.

Crowdfund Insider caught up with him at the recent financial summit organised by one of Puerto Rico’s newest financial institutions, Kinetic International. (more…)

Blockchain, Cryptocurrencies, Global trends, Government activities, People of fintech

March 18, 2019

700

Stock Exchange Operator Pilots Collateral Pledges Digitization on Blockchain

via Cointelegraph

Major Spanish stock market operator Bolsas y Mercados Españoles (BME) has completed its first blockchain pilot for electronic certificates of collateral pledges, according to an official press release published on March 15.

Implemented along with Renta 4 Banco, which is the only investment services firm listed on the BME, the new pilot intends to eliminate the use of physical certifications by digitizing all processes and providing network participants with real-time access to data.

The pilot’s proof-of-concept (PoC) consisted of the release of collateral pledged by Renta 4 Banco to cover customer’s positions at BME Clearing, BME’s central counterparty.

(more…)

Blockchain, news

March 15, 2019

839

What is decentralized credit scoring?

via Tearsheet

Traditional credit scoring uses debt repayment information from financial institutions to determine the creditworthiness of a borrower. Decentralized credit scoring, on the other hand, uses a peer-to-peer network of trusted parties and personal data to attest to the identity and creditworthiness of a potential borrower, creating a secure credit scoring system for everyone, no matter their debt history. (more…)

Blockchain, Credit scoring

March 14, 2019

770

Koi Trading OTC Crypto Exchange Partners with IdentityMind for Compliance and AML/KYC Services

Koi Trading, an innovative OTC trading desk that provides private, efficient, and compliant cryptocurrency liquidity to counterparties around the world, today announced a partnership with IdentityMind, Digital Identities You Can Trust, to provide Anti-Money Laundering (AML) compliance-as-a-service to money services businesses globally under the brand Koi Compliance.

Koi Compliance offers the first plug-and-play AML compliance solution that supports digital currency. Koi Compliance will pair their legal expertise and compliance analysts with IdentityMind’s platform that already supports over 35 digital currency exchanges worldwide. This enables companies to focus on running their business, while Koi Compliance leverages industry best practices to perform the legally required Know Your Customer (KYC), transaction monitoring, sanctions screening, recordkeeping, and regulatory reporting through IdentityMind. (more…)

Blockchain, Cryptocurrencies, news

March 12, 2019

486

10 ways central banks are experimenting with blockchain

via World Economic Forum (blog)

While research and experimentation with blockchain technology across sectors has been underway for several years, few organizations have deployed it. Although central banks are among the most cautious and prudent institutions in the world, a new white paper published by the World Economic Forum indicates that these institutions, perhaps surprisingly, are among the first to implement blockchain technology.

Central bank activities with blockchain and distributed ledger technology (DLT) are not always well known or communicated. As a result, there is a lot of speculation and misunderstanding. Yet dozens of central banks around the world – from Sweden to South Africa to Singapore – are actively investigating whether blockchain can help solve long-standing issues in banking, such as payment-system efficiency, payment security and resilience, as well as financial inclusion.

These organizations, tasked with overseeing a nation’s monetary policy and financial and economic stability, are very cautious to implement any technology or solution that can have adverse consequences. Yet many central banks are actively researching a variety of use cases to explore the technology’s potential in controlled, secure settings.

(more…)

Banks, Blockchain

March 4, 2019

426

Is Privacy Under Threat From All The Know-Your-Customer Documents Stored With Countless Services?

via Forbes

European anti-money laundering legislation means customers and businesses are required to provide potentially sensitive documentation to prove their identities. But how safe are the methods of sharing and storing those documents? Are these attempts to strengthen security creating security and privacy risks of their own?

Right now, we’re stuck with a system that forces customers to duplicate key processes, and means sensitive personal documents are stored in multiple locations with multiple services. That’s a poor experience for customers. More seriously, it greatly increases the risk of data breaches. Recent years have proved – with increasing frequency – just how urgent those risks are. (more…)

Blockchain, Global trends, Security

March 4, 2019

1990

Even the US Postal Service wants to start using blockchain tech

By Ian Karr for QZ.com

The US Postal Service, or USPS, isn’t known for innovation. In the digital age, the USPS has become known for being inefficient, outdated, and frustrating to deal with. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

May 26, 2016

2072

The DAO of accrue

By the Economist 

A new automated investment fund has attracted stacks of digital money (more…)

Blockchain, Cryptocurrencies, Global trends

May 22, 2016

1607

Better with bitcoin

Blockchain technology could improve the reliability of medical trials

(more…)

Blockchain, Cryptocurrencies, Global trends

May 20, 2016

1643

Blockchain startups make up 20% of largest crowdfunding projects

By Alex Sunnarborg for the Venture Beat

The list of top crowdfunding campaigns is becoming increasingly blockchain dominated as of late. (more…)

Blockchain, Deals, Fintech news

May 17, 2016

1436

CurrentC seems to be pretty much dead

By Jacob Kastrenakes for the Verge

CurrentC, the retailer-backed mobile payments app that was supposed to take down Apple Pay, is being delayed, and its creator is laying off 30 employees. It’s not clear if this is the end for CurrentC, but it seems very possible. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, InspirAsia

May 17, 2016

1696

How Blockchain Technology Can Reinvent The Power Grid

By  for the Fortune

The Internet of Things is challenging regulated utilities. (more…)

Blockchain, Crowdfunding/investing

May 17, 2016

1303

Chiefless Company Rakes In More Than $100 Million

By Paul Vigna for WSJ

Group called DAO is running itself via computer code

(more…)

Blockchain, Cryptocurrencies, Deals

May 17, 2016

1516

Four Genuine Blockchain Use Cases

By Gideon Greenspan, the founder and CEO of Coin Sciences, the company behind the MultiChain platform for private blockchains.

In this opinion piece, Greenspan outlines four use cases for permissioned blockchains, arguing that financial institutions may face more limitations in trying to harness the technology than previously thought. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, InspirAsia

May 12, 2016

1665

Big Banks Stake Fintech Claims With Patent Application Surge

By Kim Nash for WSJ

Big banks and credit card companies, looking to protect their investments in innovation, have accelerated efforts to patent methods linked to key technologies. Since 2013 large financial institutions have applied for at least 2,679 patents in hot areas such as blockchain, analytics and cybersecurity, a surge of 83% from the prior three years. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

May 11, 2016

1378

1923

Here’s Why Blockchains Will Change the World

 

By  for the Fortune

The Bitcoin technology creates the World Wide Ledger of value. (more…)

Blockchain, Cryptocurrencies

May 9, 2016

1283

Blockchain Holds Major Potential, According to Larry Summers

By Polina Chernykh for Coispeaker

Giving a speech at the fintech event, former Treasury Secretary uncovered his thoughts on the future of distributed ledger technology and its ability to change financial system.

(more…)

Blockchain, Cryptocurrencies, Global trends

May 6, 2016

Are Bank-Blockchain Partnerships Putting the Cart Before the Horse?

By Tanaya Macheel for American Banker

With so much interest in blockchain applications for financial services, there seem to be a lot of announcements of proof-of-concept trials at banks, but few finished products. (more…)

Banks, Blockchain, Cryptocurrencies, Fintech news, Global trends

May 6, 2016

Blockchain Firms Team Up with Deloitte

By Bryan Yurkan for American Banker

Deloitte is partnering with five blockchain companies as it seeks practical uses for the emerging technology in its consulting business. (more…)

Blockchain, Cryptocurrencies, Deals, Global trends

May 6, 2016

2100

Vitalik Buterin on His Long-Term Goals for Ethereum

By Kyle Torpey for Bitcoinmagazine

Ethereum creator Vitalik Buterin was recently interviewedon Babbage, a podcast by The Economist. Buterin shared his long-term goals for Ethereum, which is a public blockchain that allows developers to easily deploy decentralized applications. (more…)

Blockchain, Cryptocurrencies, Fintech news

May 5, 2016

1599

Craig Wright says he’s Satoshi Nakamoto, the father of Bitcoin

By Stan Shroeder for the Mashable

The real identity of elusive Bitcoin creator Satoshi Nakamoto is reportedly Australian entrepreneur Craig Steven Wright. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

May 2, 2016

2802

IBM raises its blockchain game with secure cloud services and Docker integration

By Ingrid Lunden for Techcrunch

Bitcoin may still be the most famous application of blockchain technology, but the distributed, encrypted database architecture is now being applied to a range of other services, from different kinds of (non Bitcoin) financial transactions to anything else that requires secure tracking. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, news

April 30, 2016

2429

Deloitte Uses Facebook to Build Warranties on Bitcoin Blockchain

ByMichael del Castillion for Coindesk

Deloitte has used Facebook’s recently released Messenger API to build an early version of a product capable of storing warranties on a blockchain and allowing users to buy insurance for items even after they’ve been purchased. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, InspirAsia, news

April 30, 2016

2422

Western Union, Foxconn’s and Prudential’s Venture Arms Back Blockchain Firm Digital Currency Group

By Laura Shin for Forbes.com

The world of financial services — from companies to institutional and individual investors — continues to embrace digital currency and distributed ledger technology, and at a rapid pace. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, news

April 28, 2016

2173

Bitcoin and Blockchain Tech Are Fueling a Fourth Industrial Revolution

By Andrew Quentson for Bitcoin Magazine 

Is a fourth industrial revolution underway? (more…)

Blockchain, Cryptocurrencies, Global trends

April 26, 2016

1574

Yale Lecturer Highlights Blockchain Transparency after Panama Papers

By Joseph Bradley for CCN.LA

With the recent release of the “Panama Papers,” the activity of the law firm Mossack Fonseca came into the public view in a bold way. In a recent PBS Op-Ed Yale University lecturer Vikram Mansharamani discusses the Papers and the what the future of privacy may look like. (more…)

Blockchain, Cryptocurrencies, Global trends

April 25, 2016