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Daily News at Sibos 2017 – Day 4

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Read our fourth and final Daily News at Sibos edition of the Sibos 2017 conference in Toronto – all the latest news and analysis from Swift’s premier event of the year. Free to read online or pick up a complimentary print copy if you are at Sibos!

Sberbank joins Enterprise Ethereum Alliance to broaden cooperation

sberbank

Sberbank has become the first Russian bank to join the Enterprise Ethereum Alliance (EEA). The non-commercial alliance was established in February 2017 to transform Ethereum into an enterprise-grade technology.

HSBC UK heads towards open banking through fintech partnership

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HSBC UK and its First Direct online banking subsidiary have partnered with fintech start-up Bud to provide customers with an integrated selection of financial services products and tools from across the market.

SmartContract unveils PoC

Blockchain

SmartContract, which enables computable smart contracts, has unveiled a new a proof of concept (PoC) for making/using smart contracts with Swift.

Sibos 2017: the future of money

The Future of Money - Sibos 2017

What’s more valuable today, data or money? Today’s “The Future of Money” discussion at Sibos had “the new oil” – data – firmly in its sights.

Rambus and Eftpos team up to support Apple Pay in Australia

Australia flag

Mobile payments firm Rambus has teamed up with Eftpos, the Australian domestic debit network, to help support transactions with Apple Pay for users in Australia. Through integration with Rambus’ token service provider (TSP) technology, the firm says Eftpos is able to support Apple Pay. Chakib Bouda, CTO of the Rambus Payments Division, says: “This partnership […]

Sberbank and Swift sign memorandum of co-operation for product push

sberbank

Sberbank and Swift have signed a memorandum of co-operation regarding the development and piloting of products created and promoted by Swift. With fintech hugs sweeping Sibos and the planet, the parties agreed to co-ordinate steps to assess the potential application of blockchain in interbank settlement platforms. In particular, Sberbank joined the international group of financial […]

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 […]

Compliance: back to basics

Cybersecurity

Ensuring security on Swift’s network doesn’t have to be rocket science. Getting the basics right will help individual institutions and Swift’s community.

Open Banking brings increased revenue to those who can collaborate

Amit Dua, Suntec

With new banking reform on the horizon, Amit Dua, president of Suntec Business Solutions, assesses why customers will improve their financial and life circumstances if heritage banks and young fintech firms find a way to combine their strengths.

@banking
techno