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Blockchain: new DNA for financial transactions?
From modernising payment infrastructure and enhancing security, to driving efficiencies and innovation. Whatever the question, Blockchain seems to be the answer nowadays. Announcements from the last month alone are fairly typical. The Swiss stock exchange said it is building a Blockchain proof of concept for securities processing. IBM and China UnionPay are putting bonus points [...]
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Half of global banking customers now using FinTech – World FinTech Report
Half of banking customers across the globe are using the products or services of at least one FinTech firm[1], according to the first World FinTech Report (WFTR) from Capgemini and LinkedIn, in collaboration with Efma. The inaugural report quantifies and tracks customer response to the rise of FinTechs, includes the views of financial services industry [...]
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42 banks join Japanese Blockchain for payments consortium
SBI Ripple Asia, a joint venture between distributed ledger tech provider Ripple and SBI Holdings, announced in August that a Japanese consortium of 15 banks in a new network will use Ripple’s Blockchain for payments and settlement. It had anticipated about 30 member banks joining by March 2017, but it got plenty of responses from [...]
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Should Japan regulate the virtual currency PokeCoins from Pokémon Go?
The Financial Services Agency of Japan is set to decide on what will be a landmark decision on the status and securitisation of PokeCoins, the virtual currency used to breed monsters in the hit mobile game Pokémon Go. The FSA, which has not formally disclosed when it will make its ruling, is debating the PokeCoins [...]
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90% of major banks in US and Europe exploring Blockchain technology for payments
Nine out of 10 banking professionals surveyed at large US, European and Canadian commercial banks said their company is currently exploring the use of blockchain technology for payments, according to a new report from Accenture. The initiatives are designed to reduce costs, speed payments, reduce errors and drive new revenues. The report – Blockchain Technology: [...]
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