Category : Blockchain Technology

Central Bank of the Philippines Accredits Two New Crypto Exchanges

The central bank of the Philippines has approved applications from two new digital currency exchanges, which allows the conversion of Philippine pesos into virtual currencies

Romania Releases Draft Bill Regulating the Issuance of Digital Currency

Romanian authorities have published a draft bill to regulate the issuance of electronic money within the country

Thai Regulator Confirms July Start Date for Regulated ICOs

ICOs will face obligatory regulation in Thailand from July 16 in a full legitimization of the technology

Blockchain Is Perfectly Suited for Banking, But Banking Is Not Ready for Blockchain, McKinsey Says

Blockchain‘s future in banking is bright, but right now, the industry is not prepared to take advantage of what the technology offers, according to a new McKinsey report on blockchain’s viability across various industries. The report, rel...

Blockchain Technology Not Suitable for Visa’s Core Business

Visa doesn’t see much use for blockchain in its core business, which is transactions at scale, according to CEO Alfred Kelly. At the JPMorgan Technology, Media and Communications conference in Boston yesterday, Kelly said: Remember blockchain actuall...

HSBC Looks to Blockchain to Solve a Major Pain Point in Trade Finance

The letter of credit transaction in trade finance is a relatively neglected area when it comes to digitization, which is why HSBC bank chose this transaction to test out its blockchain-related initiatives, Joshua Kroeker, blockchain lead for Global C...

More Security Startups, Blockchain Still Absent at Finovate Day 2

SANTA CLARA, Calif. – Day 2 of FinovateSpring has come and gone, and curiously, there were still no demos focused on blockchain technology. Among the 54 fintechs that demoed here over the last two days, more than half showcased products and services...

Banks Leave Blockchain Behind and Take to the Cloud

Blockchain has yet to realize its full potential, and right now, it seems like financial institutions and technology providers aren’t rushing to push it out of its nascent, proof-of-concept stage. When it comes to blockchain, the technology is “alway...

Expectations Low for Facebook’s Blockchain Initiative

Long-time fintech analysts have low expectations for Facebook's newly unveiled blockchain initiative to be headed by PayPal's former president. Further, analysts suspect the effort might not center on using blockchain to offer financial services on t...

Facebook Goes Hard at Blockchain

Facebook has formed a team to tackle blockchain initiatives. And it has put the former PayPal President David Marcus in charge of the effort. Marcus's involvement implies that the blockchain effort might have some financial services implications. Las...

Could Crowdfunding Create Competition for Digital SME Lenders?

Crowdfunding is on the rise. A recent report by Statista Digital Market Outlook shows that by 2022, crowdfunding could grow to $57 billion globally, with China being the leader in this area. To put the number in perspective, in 2017 $14.5 billion was...

Payments Providers Are Lukewarm on Blockchain Technology

The ways businesses, consumers, and even banks make payments are changing, as technologies like realtime payments and APIs make it easier to send money across the globe. But one technology seems curiously absent from recent payment innovation, and th...

How Square Learned to Stop Worrying About Bitcoin and Love the Blockchain

Square made a splash when it announced it would sell bitcoin in its Cash app, but failed to make much money doing so, it was revealed yesterday. But working with the cryptocurrency taught the payments company quite a bit about blockchain technology,...

Will AI Lead to Open Banking in North America?

EXCLUSIVE— As open banking sweeps through Europe with the launch of PSD2, GDPR, and other regulations focused on transparency, North American financial institutions might want to consider looking to blockchain or artificial intelligence for their own...

Synechron’s RegTech Program Aims to Help Banks Reduce Compliance Costs

EXCLUSIVE - Technology services provider Synechron launched a regtech program focused on helping its financial services clients on regulatory compliance issues. The program, which Synechron refers to as its Regtech Accelerator Program, went live yest...