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DTCC selects IBM, Axoni and R3 to develop blockchain for derivatives

DTCC70

The Depository Trust & Clearing Corporation (DTCC) has chosen IBM, in partnership with Axoni and R3, to provide a blockchain/distributed ledger technology (DLT) framework to drive improvements in derivatives post-trade lifecycle events. The firms will work on DTCC’s Trade Information Warehouse (TIW), building a derivatives distributed ledger solution for post-trade processing. The TIW service currently […]

Samba Bank live with new core banking system, Temenos’ T24

New live site for Temenos' T24 R15 core banking system in Pakistan

Pakistan-based Samba Bank Limited, a subsidiary of Saudi Arabia’s Samba Financial Group, has gone live with new core banking software, Temenos’ T24 (R15).

Top ten blockchain stories in 2016

Blockchain

It felt like there was a blockchain story every day in 2016, but we look back at some of the bigger stories with Banking Technology’s top ten! Microsoft and AMIS launch Asia’s first blockchain consortium Microsoft says it is also in “collaboration” with banks such as Ubon Financial, Cathay Financial Holdings and MegaBank to further […]

ABN Amro pilots blockchain in commercial real estate

ABN Amro

Amsterdam-based ABN Amro Bank has launched a pilot to explore how its blockchain application Torch can be used in real estate transactions to record and exchange information. The bank says real estate transactions involve numerous parties, such as buyers, sellers, tenants, landlords, appraisers, notaries, banks, the Land Registry Office, the Chamber of Commerce and regulators. […]

Top fintech stories this week – 9 December 2016

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

IBM launches blockchain ecosystem on Hyperledger Fabric

IBM unveils blockchain ecosystem

IBM has unveiled a blockchain ecosystem “to help accelerate the creation of blockchain networks”. The programme “is designed for innovators looking to build real networks – venture capitalists, start-ups, systems integrators, independent software vendors and enterprise developers”.

It’s time to talk ATM 2.0

The humble ATM is no longer a single physical touch point.

The ATM is one of the most recognised and trusted pieces of technology on the high-street, but as it too has come under pressure from the wave of digitalisation sweeping almost every aspect of our everyday lives. The humble ATM is no longer a single physical touch point…

IBM closes Promontory acquisition

IBM working with Standard Life and ING Direct Australia

IBM has completed the acquisition of Promontory Financial Group, a risk management and regulatory compliance consulting firm. As Banking Technology reported in September, IBM planned the purchase to boost IBM Watson’s cognitive technology. IBM adds that the acquisition complements its industry platforms business. These platforms will integrate IBM Cloud, Watson and capabilities from across “digital […]

IBM and KYCK! go blockchain for KYC

IBM working with Standard Life and ING Direct Australia

IBM has unveiled a blockchain-powered Know Your Customer (KYC) project with Singapore start-up KYCK! to help financial services providers onboard customers quicker and cheaper. Using the open source Hyperledger Project Fabric, IBM says immutability, traceability and privacy of the information is provided on a permissioned distributed ledger which is “critical” in a highly regulated environment. […]

Top fintech stories this week – 11 November 2016

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

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