Singapore-based DBS bank joins blockchain trade-finance network Contour to disrupt its letters of credit settlement process. Singapore-based multinational banking firm DBS Bank has joined the blockchain trade-finance network Contour, which is built over R3’s Corda. Contour is due for a main-launch later this year. According to a May 11 report by the business news outlet […]
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Major cryptocurrency exchange Binance has hired banking and fintech veteran Teana Baker-Taylor to lead its expansion in the United Kingdom and European market. Major cryptocurrency exchange Binance has hired banking and fintech veteran Teana Baker-Taylor to lead its expansion in the United Kingdom and European market. Baker-Taylor has over 20 years of experience in HSBC, […]
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A man who enforced anti-money laundering under two U.S. presidents has been named the CEO of the Libra Association. May 6, the Libra Association announced the appointment of Obama’s former under secretary for terrorism as its first CEO. Stuart Levey served as an under secretary for terrorism under the administrations of George W. Bush and […]
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Crypto investors have long believed that institutional investors would lead to the next Bitcoin moon event but this is a false narrative built on nothing more than hope. For the past two years, crypto-media outlets and Bitcoin (BTC) advocates have placed heavy emphasis on the need for institutional investors to embrace the cryptocurrency sector. The […]
Continue ReadingPer a new report, financial institutions have mostly deployed blockchain to improve payments, securities settlement, fraud detection security and trade finance. In its recent blockchain in banking report, Business Insider Intelligence indicated that financial institutions have mostly deployed the tech to improve payments, securities settlement, fraud detection security and trade finance. Published on March 19, […]
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Major European financial institutions have jointly launched a blockchain-based platform for the investment fund industry. Major European financial institutions are jointly launching a blockchain-based platform for the investment fund industry. The system was initially incubated by the Luxembourg Stock Exchange and its affiliate Fundsquare, which, alongside Clearstream, Credit Suisse Asset Management and Natixis Investment Managers, […]
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A blockchain trade finance platform developed by eight major banks, among them HSBC, BNP Paribas, and Citi, is now ready for commercial launch in Singapore in Q2 2020. A blockchain trade finance platform developed by eight major banks, among them HSBC, BNP Paribas, and Citi, is now ready for commercial launch in Singapore in Q2 2020. Named Contour, […]
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Bitcoin is battling to resume its bullish trend, and Vitalik Buterin reveals the details of the Ethereum 2.0 roadmap to Cointelegraph. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — […]
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HSBC plans to drop $100 billion in risk-weighted assets and 35,000 jobs in the next three years to invest more in digital finance. In an earnings call held on Tuesday, Feb. 18, an HSBC executive revealed the bank plans to cut 35,000 jobs by the end of 2022 and invest more in digital systems. The […]
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Prices moved up and back down, yet the talent kept coming to work: Let’s take a look at a list of individuals who abandoned legacy industries and ventured into blockchain in 2019. Prominent figures from a range of long-established companies found greener pastures in the blockchain realm in 2019. From BlackRock to Goldman Sachs, and […]
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