Banks

Ever growing number of banks, financial institutions and organizations choose to adopt blockchain – disrupting tech which presents broad, multi-case application possibilities.

In this category you will find the latest news covering blockchain technology  adoption in financial sector and major developments taking place in the sphere.

Asia to Europe: Malaysian Fintech Completes Its First Cross-border Transfer on RippleNet
October 18th, 2018

MoneyMatch, an authorized Kuala Lumpur-based startup for international money transfers, has made the first ever payment from Malaysia to Spain using Ripple’s enterprise blockchain platform.

Bitwala Joins Forces with SolarisBank to Launch Germany’s First Blockchain Bank Account
October 9th, 2018

Bitwala and SolarisBank have teamed up to launch the first cryptocurrency bank. This is historic for Germany, which has been implementing pro-cryptocurrency policies for some time now.

Swell 2018: Banco Santander Reveals Expansion Plan for Its Ripple-enabled OnePay FX
October 2nd, 2018

In his speech at Swell 2018, the Head of Innovation of Banco Santander highlighted Ripple’s active role in improving bank customers’ experience.

Goldman Sachs Generously Invests into Google-Backed Bitcoin Payments Platform Veem
September 28th, 2018

Cryptocurrency startup Veem just completed a new funding round that includes investors such as Goldman Sachs and Google Ventures. This is not surprising, given the exponential growth of the company, as it seeks to disrupt the global payments sector.

One of China’s Major State Banking Groups Successfully Transacts $1.3B in Securities Using Blockchain
September 27th, 2018

One of the largest banks in China issued over $1 billion worth of securities utilizing blockchain technology. This marks a milestone, as the country’s financial institutions are implementing blockchain more than ever, due to their transparency.

Thailand’s Bank Kasikornbank Joins Visa’s B2B Connect Project
September 25th, 2018

Visa’s blockchain-based B2B project is gaining massive popularity in Asia. Thailand’s fourth-largest bank, Kasikornbank, has signed on to test the platform, which aims to increase transparency and efficiency in the world of cross-border corporate payments.

J.P. Morgan’s Blockchain-based Interbank Information Network Attracts over 75 Banks
September 25th, 2018

JPMorgan’s payment project based on blockchain technology has welcomed more than 75 banks that are ready to participate in trials.

One More Financial Giant Won Over by Ripple: American PNC to Adopt xCurrent
September 20th, 2018

xCurrent developed by Ripple will be used by PNC Treasury Management to speed up processing of cross-border transactions.

WEF Suggests Blockchain Technologies to Narrow $1.5 Trillion Finance Gap in International Trade
September 13th, 2018

The report carried out by the World Economic Forum in alliance with Bain & Company vividly illustrates financial benefits reaped out of a blockchains incorporation into the current trading and supply chain relationships.

Japanese Fund Transfer Platform Money Tap Connects 60 Banks with Ripple, Launches Website
September 13th, 2018

MoneyTap has officially launched its website which is a major step forward connecting several Japanese banks via Ripple solutions.