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From sharing customer data to smart payments, a number of central banks around the world are turning to blockchain technology to make markets easier for new entrants and to improve processes in everything from payments to regulatory authorizations. In Argentina, the country’s central bank has embarked upon a pilot project with IOV Labs, which has Read more…
Last fall, blockchain payments company Ripple, in conjunction with Celent, conducted a survey to better understand payment services providers’ adoption of blockchain-based payments. The findings of that study are published in a report issued by Ripple, and illustrates how far the payments industry has come with regards to blockchain adoption, and what’s needed to keep Read more…
Consulting and technology services company Accenture launched a new procurement solution today called the True Supplier Marketplace. The new tool taps into the blockchain to more efficiently connect buyers and suppliers. The company originally launched the True Supplier Marketplace to solve in-house procurement headaches. Today, however, Accenture has created an external SaaS solution for its Read more…
Paystand CEO Jeremy Almond knows a thing or two about business payments. Since co-founding the company in 2013, Almond has implemented numerous improvements to the company’s payments engine, taking full advantage of the blockchain. Among Paystand’s most recent debuts are the company’s 2018 launch of a blockchain that ensures payment, storing an immutable record of Read more…
Enterprise blockchain solution company Ripple teamed up with Finastra this week. The two are collaborating to enable Finastra clients to transact with RippleNet partners and make international money transfers. RippleNet is Ripple’s global payment network that works across 40+ currencies and consists of more than 200 financial institutions. Because RippleNet leverages the blockchain, users are Read more…
No blockchain experience? No problem. Business payments platform PayStand is launching what it’s calling Assurety-as-a-Service, which is exactly what it sounds like. The new API allows businesses with no prior blockchain experience to verify any event, action, or identity in real-time by creating a record that is notarized on the blockchain. To picture what this Read more…
Seattle, Washington-based Trusted Key will bring its innovations in blockchain-based, digital identity management technology to Workday, courtesy of a recently-announced acquisition. Terms of the deal were not disclosed. “With our new platform, Workday wants to bring credentials into the digital age,” Workday SVP Jon Ruggiero wrote in a blog post discussing the role of credentialization Read more…
Saga, a startup creating blockchain-based currency for international exchange, has selected FIS to deploy its Integrity SaaS solution to manage the Saga treasury unit’s back office and its reserves, reports Henry Vilar of Fintech Futures (Finovate’s sister publication). Saga is backed by reserves held in the most prominent national currencies, replicating the SDR (Special Drawing Read more…
As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe. Central and Eastern Europe FintechOS of Romania raises $1.23 million (€1.1 million) in post-seed funding. Read more…
Hot on the heels of its Finovate debut earlier this month, blockchain-based data security platform ALTR has teamed up with digital banking solutions provider Q2 to unveil a new solution to improve data security. The new technology, Q2 TrustView, powered by ALTR, adds to Q2’s approach to data management and protection by mitigating security breaches Read more…
Finastra has signed three global banks on its Fusion LenderComm platform: BNP Paribas, Natixis and Societe Generale, following a recent sign-up by NatWest, reports Henry Vilar of Fintech Futures (Finovate’s sister publication). “All of these banks were part of our Fusion LenderComm pilot and the momentum that the platform has seen since then is nothing Read more…
As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe. Asia-Pacific Singapore-based financial supermarket GoBear scoops up $80 million in new funding. Wipro builds prototype Read more…