Blockchain/BitcoinRSS

JP Morgan’s Quorum blockchain powers new correspondent banking network

JP Morgan

JP Morgan, and Royal Bank of Canada (RBC) and Australia and New Zealand Banking Group (ANZ), have launched the Interbank Information Network (IIN) – using blockchain for the payments process. According to JP Morgan, processing global payments is very complex. Multiple layers of communication occur amongst payment participants to verify and process transactions. By using […]

Sibos 2017: web’s future “in the balance”

Sir Tim Berners-Lee

The cross-border, centralised nature of the world wide web is “absolutely in the balance” right now, warned Sir Tim Berners-Lee, its inventor, yesterday (17 October) at the Sibos conference in Toronto.

LA Ledger group calls for more participants

Blockchain

The Liquidity Alliance group of central securities depositories (CSDs) has called for further participants in their distributed ledger technology (DLT)-based LA Ledger prototype for cross-border mobilisation of security collateral.

Alastria blockchain consortium springs up in Spain

spain

A variety of Spanish banking, energy and telecommunications companies have established Alastria, the “world’s first regulated national network based on blockchain”. The non-profit consortium will develop distributed ledger technology (DLT), which it believes is “set to become the new data exchange ecosystem”. As reported in May, the group created Red Lyra, the “first multisector technology […]

IBM and eight banks unleash we.trade platform for blockchain-powered commerce

IBM working with Standard Life and ING Direct Australia

IBM and eight banks have unveiled we.trade – the new name for their Digital Trade Chain shared platform using distributed ledger technology (DLT) for domestic and cross-border commerce. Since January 2017, a group of seven banks (Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and UniCredit), together with IBM, have been developing the Digital Trade […]

Natixis, Société Générale and Broadridge complete blockchain pilot

Blockchain course

Broadridge Financial Solutions, Natixis and Société Générale say they have “successfully completed” a pilot project that leverages blockchain technology for bilateral repurchase, or repo, agreements.

BNP Paribas and EY explore private blockchain for treasury operations

BNP Paribas

BNP Paribas ALM Treasury and EY have completed a pilot demonstrating the use of blockchain to improve global internal treasury operations for the bank. The ALM Treasury department, which manages the bank’s internal ops, at the service of all three operating divisions of the group, carried out the pilot, tested internally this summer. According to […]

Securities markets: standing at the crossroads

At the crossroads

Financial technology has the potential to radically transform the securities industry. The fast pace of change could lead to disintermediation, according to an Iosco study.

NSD makes it possible to maintain financial privacy in blockchain use

Blockchain

It took just half a year for the team of National Settlement Depository (NSD), Russia’s central securities depository, to find a solution for the challenge of maintaining confidentiality when verifying distributed ledger transactions.

Sibos 2017 opening plenary: data is the new battleground

Dave McKay, RBC

Welcome to Sibos 2017 in Toronto – bringing together 8,000+ delegates from 150 countries. And this year we have a new (or the vintage new?) theme: data. Not the “big data” though (that everyone was talking about a few Sibos conferences ago), but just data.

@banking
techno