Banking Archives - Page 3 of 7

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Women on the block: How blockchain is breaking new ground outside of technology

There has been a lot of hype related to the blockchain and, while the technology has broad appeal to build trust and...

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‘Groundbreaking’ blockchain trade trial by Australian Commonwealth Bank tracks tonnes of almonds

17 tonnes of almonds have been successfully shipped and tracked from Victoria (Australia) to Hamburg (Germany) in a blockchain-based collaboration between the...

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IBM, CLS and banks team up to test blockchain ‘app store’ for finance

IBM, foreign exchange settlement provider CLS and nine financial institutions, including Barclays and Citigroup, are developing an agnostic platform to test blockchain-based...

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‘Robust’ growth sees blockchain geared for $11.7bn global spend in 2022

Worldwide spend on blockchain is expected to reach $11.7bn (£8.9bn) in 2022, according to International Data Corporation (IDC) in its Worldwide Semiannual...

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European banks complete ‘real-life’ cross-border blockchain transactions

Four European banks have successfully completed live cross-border trades using blockchain technology. The ‘real-life’ financial transactions were carried out on the We.Trade...

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Two of Russia’s largest banks are piloting cryptocurrency trading

Two of Russia’s largest banks are to begin piloting cryptocurrency trading for their private clients, according to a report by Kommersant on...

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Financial services firms spent $1.7bn on blockchain technology last year

The financial services industry spent a combined $1.7bn (£1.3bn) on blockchain technology in 2017, according to research by management consultancy firm Greenwich...