Articles with tag: distributed ledger

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DBS, Standard Chartered join group of banks to develop trade finance registry pilot

06 Oct 2020 | E-invoicing, SCF & E-procurement

DBS and Standard Chartered have jointly led a workgroup of 12 other banks to create and conduct a digital Trade Finance Registry (TFR) POC.

DBS, Standard Chartered, banks, trade finance registry, pilot, blockchain, distributed ledger technology, ABN AMRO, ANZ, CIMB, Deutsche Bank, ICICI, Lloyds, Maybank, Natixis, OCBC, Rabobank, SMBC, UOB

Standard Chartered completes cross-bank Letter of Credit blockchain transaction between Vietnam and Thailand

11 Sep 2020 | Cryptocurrencies

Standard Chartered has successfully completed the first cross-bank Letter of Credit (LC) transaction between Vietnam and Thailand conducted over blockchain.

Standard Chartered, cross-bank, Letter of Credit, blockchain transaction, payments, Vietnam, Thailand, distributed ledger technology, Contour, trade finance

Fed joins MIT's digital currency initiative to explore Central Bank Digital Currency

04 Sep 2020 | Cryptocurrencies

The Federal Reserve Bank (FRB) has taken CBDCs seriously and has been engaged in efforts to research a path toward implementation.

distributed ledger, CBDC, FED, MIT Digital Currency Initiative, digital currency, US, central banks, commercial banks

Fincy reiterates security benefits of Distributed Ledger Technology in wake of Twitter hack

20 Aug 2020 | Cryptocurrencies

Fincy, a money app providing alternatives to existing financial services, has reaffirmed its commitment to distributed ledger technology (DLT) following the recent security breach at Twitter.

Fincy, money app, DLT, distributed ledger technology, encryption, security, Twitter attackers, data centralisation

essDOCS teams up with Infosys Finacle

09 Jul 2020 | E-invoicing, SCF & E-procurement

essDOCS, an enabler of paperless trade, has partnered with Infosys Finacle, part of EdgeVerve Systems, for driving automation in Trade finance processes though Distributed Ledger Technology (DLT). 

essDOCS, partnership, Infosys Finacle, blockchain, technology, finance, EdgeVerve System, Distributed Ledger Technology, DLT, CargoDocs DocEx, Finacle Trade Connect, transactions, Letters of Credit, LCs, Documentary Collections, Guarantees, banks, data

Malta-based essDOCS, Infosys Finacle partner for trade finance automation

09 Jul 2020 | E-invoicing, SCF & E-procurement

SCF solution provider essDOCS and Infosys Finacle, part of EdgeVerve Systems, have partnered for driving automation in trade finance processes though Distributed Ledger Technology (DLT). 

essDOCS, Infosys Finacle, trade finance automation, SCF, EdgeVerve Systems, automation, Distributed Ledger Technology, DLT, CargoDocs DocEx, blockchain, Finacle Trade Connect, digital solution, banks, electronic signing, supply chain, digitisation

Bank of Japan explores the potential offline use of a digital yen via CBDC

08 Jul 2020 | Cryptocurrencies

The Bank of Japan (BoJ) has published a research paper exploring the potential offline use of a digital yen using central bank digital currency (CBDC).

CBDC, central bank digital currency, decentralised CBDC, electronic money, smartphone, distributed ledger, SIM, cards, payments, Bank of Japan, Japan, BoJ

Currency.com granted licence from the Gibraltar Financial Services Commission

07 Jul 2020 | Cryptocurrencies

Currency.com, a regulated crypto assets platform, has received a new distributed ledger technology licence from the Gibraltar Financial Services Commission (GFSC).

Currency.com, ICO, smart contracts, distributed ledger technology, cryptocurrency, FX, Gibraltar Financial Services Commission

Quant Network, SIA successfully test blockchain interoperability

24 Jun 2020 | Cryptocurrencies

Blockchain tech provider Quant Network and fintech SIA have successfully tested cross blockchain interoperability between multiple Distributed Ledger Technology protocols.

Quant Network, SIA, blockchain, fintech, interoperability, Distributed Ledger Technology, Overledger technology, SIAchain, SIAnet, crossplatform, payments, KYC, R3 Corda, Ethereum

Japan's JCB, TECHFUND sign strategic partnership

18 May 2020 | Cards

JCB, a Japan-based credit card and payments company, has teamed up with TECHFUND, a technology startup accelerator, to build a payment system using blockchain.

JCB, TECHFUND, blockchain, Japan, B2B payments system, cards, distributed ledger technologies, Asia

Qatar Central Bank plans to adopt fintech and blockchain solutions

11 May 2020 | Payments General

Qatar’s central bank (QCB) has proposed a strategic plan to support venture capital funding and the development of SMEs, which involves fintech and blockchain implementation. 

Qatar Central Bank, QCB, Qatar Development Bank, QDB, fintech, blockchain, SME, venture capital funding, distributed ledger technology, DLT, transaction reporting, MENA

Ripple joins ISO 20022 standards body

07 May 2020 | Payments General

Cross-border payments network Ripple has become part of the ISO 20022 standards body, becoming one of its first members focused on distributed ledger technology (DLT). 

Ripple, XRP, ISO 20022, distributed ledger technology, DLT, RippleNet, API, global payments network, MUFG, SCB, Santander, SWIFT MT, cross border payments, payment messaging standard

South Korean Bank NongHyup launches DLT-based mobile identification system

03 Mar 2020 | Online & Mobile Banking

NongHyup Bank, a South Korean agricultural bank, has launched a blockchain-based mobile identification system.

NongHyup Bank, South Korea, blockchain-based mobile identification system, blockchain, mobile, DLT, distributed ledger technology, distributed identity technology

Credorax, Samsung SDS Europe to develop Next-Gen account reconciliation solution

03 Mar 2020 | E-invoicing, SCF & E-procurement

Credorax has signed a memorandum of understanding (MoU) with Samsung SDS Europe (SDSE) to develop and bring to market Credorax’s fully automated, distributed ledger-based account reconciliation platform.

Credorax, Samsung SDS Europe, distributed ledger, account reconciliation, MoU, merchants, parnetship, Robotic Process Automation, remittances, invoices

Qatar Commercial Bank completes trial on the Marco Polo Platform

03 Feb 2020 | E-invoicing, SCF & E-procurement

Qatar’s Commercial Bank has participated in the Blockchain Open Account Trade Finance Trial on the Marco Polo platform, built on the R3 Corda Network.

Marco Polo, Commercial Bank, Qatar Commercial Bank, wholesale banking, trade finance, risk mitigation, Corda, R3, distributed ledger technology, blockchain

NPCI to build blockchain-based platform for secure transactions

03 Jan 2020 | Digital Identity, Security & Online Fraud

National Payments Corporation of India (NPCI), the Indian government-backed organization for payments, has revealed plans on a blockchain-based platform,according to IBS Intelligence.

NPCI, blockchain, cybersecurity, distributed ledger technology

Oman records Its first blockchain trade finance transaction

25 Nov 2019 | E-invoicing, SCF & E-procurement

According to the Oman Observer, Oman Oil and Orpic Group and HSBC Bank have entered into blockchain trade finance deal

Oman Oil, Orpic Group, HSBC Bank, blockchain trade finance deal, trade finance, distributed ledger technology, DLT, Middle East, Oman, Abu Dhabi, oil industry

J.P. Morgan to finance a DLT-based inventory for the automobile industry

25 Nov 2019 | Online & Mobile Banking

J.P. Morgan's auto financing arm has announced the creation of a blockchain-based automobile inventory system to digitize floor plan financing.

J.P. Morgan, inventory system, product launch, B2B payments, business process automation, ERP, distributed ledger technology, blockchain, commercial lending, , automobile industry, automotive industry, DLT, United States, US, North America

China's president praises blockchain tech's possibilities

29 Oct 2019 | Cryptocurrencies

Chinese President Xi Jinping has given a speech embracing blockchain technology and calling on his country to advance development in the field.

blockchain, China, Libra, financial services, cryptocurrency, distributed ledger technology

Accenture and SAP build blockchain real-time payments settlement system

28 Oct 2019 | Payments General

Accenture, US-based accounting software provider SAP, and R3’s Corda platform have announced working on a real-time gross settlement system.

Accenture, accounting, SAP, R3, Corda platform, real-time gross settlement system, payments, partnership, blockchain, distributed ledger technology, payments settlement, government-issued payments, electronic funds transfers, bank transfer