Sunday, September 15, 2019

Major Austrian Bank Raiffeisen Joins R3 Corda-Powered Global Trade Finance Network

Austria’s Raiffeisen Bank International has announced it will pilot R3’s Corda-powered Marco Polo blockchain network for trade finance. Austria’s Raiffeisen Bank International (RBI) has announced…

Facebook’s Libra Forces European Banks to Sit Up & Realize They Need to Evolve

According to a recent report by Reuters, commercial banks in Europe are said to be working on a system to help optimize their payment processing. According…

Over 50 Banks Simulate Letter of Credit Transactions on R3’s Blockchain in 27 Countries

Over 50 banks participated in the simulation of letter of credit transactions on R3’s blockchain platform in 27 countries on six continents. Over 50 banks…

Central Bank of Russia Reviews Potential Benefits and Drawbacks of CBDCs

The Bank of Russia believes that CBDCs can reduce transaction costs in the economy and provide an asset that is less risky. The central bank…

Bank of America Files Patent for Settlement System Citing Ripple

Bank of America has filed a patent application for a settlement system citing the Ripple ledger. Bank of America has filed for a patent for…

Japan’s 3rd Largest Bank by Assets Joins R3 Marco Polo Blockchain Network

SMBC becomes the network’s latest major member, following BNP Paribas and ING. Major Japanese bank, Sumitomo Mitsui Banking Corporation (SMBC), will leverage R3’s Marco Polo…

As Deutsche Bank Axes 18,000 Jobs, Bitcoin Offers a Powerful ‘Plan ฿’

Deutsche Bank winding down its investment banking arm paints a bleak picture of traditional finance at a time of booming growth for bitcoin and crypto.…

Major Private Indian Bank Partners With Ripple for Cross-Border Remittances

Major private Indian bank, Federal Bank, has partnered with Ripple for its cross-border remittances network. India’s Federal Bank, a commercial private bank, has partnered with…

Top-10 Industries Being Transformed by Blockchain

Top-10 exciting industries undergoing dramatic change due to the introduction of blockchain technology. After struggling to receive recognition of legitimacy within the mainstream zeitgeist during…

Barclays, RBS Join 40-Strong R3 Blockchain Real Estate Trial

Barclays and the Royal Bank of Scotland joined around 40 entities testing a platform based on R3’s Corda. Two major United Kingdom banks — Barclays…
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