Banks Splash $63 Million For Blockchain-Based Transfers
Some of the biggest banks in the world are partnering with Fnality International for creating a blockchain digital currency to enable faster cross-border transfers. These banks which have joined hands with Fnality International are mainly from the United States, Europe, and Japan. They hope that issuing a Utility Settlement Coin (USC) will help cut out…
How To Improve KYC Guideline With Blockchain?
KYC or Know Your Customer is a popular term that you would often hear in your day-to-day life. Financial institutions are emphasizing on completing KYC to have authentic data of their customers. This is not only to keep the data of the customers but also ensures the bank about the authenticity of the customers. KYC…
5 Predictions for Blockchain and Cryptocurrencies In 2019
The sentiments around Blockchain seems to be gripping the world strongly, especially the startups and some of the big names in the industry have show inclination towards this technology. Well, the revolution of digital currency that started off in 2009 continues to grow and take the world in its grip. We have seen many transformations…
What is the Scope of Blockchain in Finance w.r.t Downfall of Cryptos?
Cryptocurrencies have had an eventful week with the anticipation of the Bitcoin Cash chain split plunging the market into new lows for 2018. The sudden fall in cryptocurrencies has led several people to question the future of blockchain technology in the world of finance. The biggest ICOs from 2017-18 are still developing their products and…
Why Ripple is the Favourite Cryptocurrency for Banks?
Ever since the early days of Bitcoin, community members have been strongly opposed to centralized forms of cryptocurrencies as they give a disproportionate amount of power to a select few and that is against the spirit of cryptocurrency. However, decentralized cryptocurrencies like Bitcoin and Ethereum remain slow because millions of nodes have to be synchronized…
How Blockchain Can Be Used In Syndicated Loans & How It Works?
Credit Suisse leads a group of banks and financial firms. These institutions recently achieved the second phase of a blockchain proof-of-concept which focuses on syndicated loans. How Blockchain Can Be Used In Syndicated Loans & How It Works? from Blockchain Council A joint venture, Synaps Loans, was formulated through a partnership between smart contract vendor Symbiont and Ipreo…
How Blockchain Can Be Used In Securities Settlement & How It Works?
Clearing comprises all processing from the time the commitment for a securities transaction is entered into until consideration is exchanged in settlement thereof – usually contemporaneously. Advanced removal systems and legal provisions are needed. This is because the speed of trading by far outpaces the ability to complete each such transaction. The clearance process includes…
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