IBM, Crédit Mutuel Arkéa Complete Blockchain-Based Customer ID Project

IBM and Crédit Mutuel Arkéa have announced the completion of their first blockchain project to improve the bank’s ability to verify customer identity. The result of this pilot is an operational permissioned blockchain network...

China’s Alibaba Considers Blockchain for Financial Cloud Service

It seems that even Jack Ma is hopping on the blockchain bandwagon. Alibaba's Internet payment service, Alipay, revealed at Shanghai's popular YunQi computing conference that it was considering blockchain technology for its cloud services platform. In its Cloud...

Blockchain Inspector Founder Discusses Blockchain Fraud Detection Tool

Blockchain Inspector, based in the French commune of Angoulême, is an early stage startup aiming to use blockchain to combat fraud. In March, they signed a deal with their first customer, a London Bitcoin exchange,...

British MPs Cite “Blockchain Banks” Rise in Opposing Integration of BoE Regulatory Subsidiary

Opposition British Members of Parliament have pressed for removal of a clause in the Bank of England and Financial Services Bill that integrates the Prudential Regulation Authority into the Bank of England as a...

Subprime Auto Loans: Another Reason For Using Distributed Ledgers for Asset Backed Securities

“Lending bubbles usually look the same. Credit criteria is loosened. Verification standards are relaxed. The people selling the loans make money when the loans are booked, but do not suffer from losses when the...

Goldman Sachs Tech Head Sees Blockchain as Solution for Banking Back Office

Goldman Sachs co-head of technology, Don Duet, recently discussed the applicability of blockchain technology for banking y in a podcast from the investment bank titled “The Digitization of Finance.” Duet the idea of implementing  blockchains for bank back office infrastructure: The ability to have...

Research Identifies Challenges for Blockchain Clearing and Settlement

TABB Group, a London-based financial markets research firm, has completed a report that highlights challenges for transforming market settlement to blockchain-based systems. TABB research concurs there are major technological incentives for moving markets to the blockchain, namely decentralizing...

Coinprism Enters Accenture Fintech Innovation Lab with Openchain

Coinprism, the developer of Openchain - an open source blockchain technology for financial institutions, is entering Accenture's Fintech Innovation Lab. Accenture and a number of banks involved in the selection process included Coinprism among six companies...

Global Risk Technologies CIO Appraises Blockchain Technology for Consumers and Merchants

Recently, the World Economic Forum predicted blockchain technology will “fundamentally alter the way financial institutions do business around the world” and will soon become “the beating heart” of the finance industry. Monica Eaton-Cardone, an...

PeerNova Wins 2016 TiE50 Technology Award

PeerNova, Inc. has revealed that it has been selected as a “2016 TiE50 Winner” for the TiE50 Technology Awards Program. Winners were announced on May 6th at the organization’s annual entrepreneurial conference, TiEcon. Executives...