Articles with tag: distributed ledger technology

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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

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

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

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

FCA announces 74% increase in crypto investigations

08 Oct 2019 | Cryptocurrencies

Financial Conduct Authority (FCA) has announced that investigations into crypto businesses have increased by 74% since 2018.

FCA, cryptocurrency, digital assets, blockchain, distributed ledger technology, regulatory sandbox, fines, financial crime

Lloyds Bank adopts blockchain technology for trade finance

27 Sep 2019 | E-invoicing, SCF & E-procurement

UK-based retail and commercial Lloyds Bank has joined forces with commodity trade finance network Komgo to integrate DLT into its trade finance operations.

Lloyds Bank, blockchain, trade finance, banking, financing, blockchain, distributed ledger technology, UK, Europe, descentralized blockchain

Smart contracts can clear up Standing Settlement Instructions confusion

18 Sep 2019 | E-invoicing, SCF & E-procurement

Jan Dings, senior product manager at SWIFT, discusses the co-operative’s smart contract-based SSI solution, which will be demoed at Sibos 2019 on Tuesday, 24 September 2019

Jan Dings, SWIFT, Sibos, Standing Settlement Instructions, payments, smart contracts, distributed ledger technology

Commerzbank carries out new blockchain trade with logistics provider Logwin

16 Aug 2019 | E-invoicing, SCF & E-procurement

Germany-provider Commerzbank and Landesbank Baden-Württemberg (LBBW) have completed a new trade transaction on the Marco Polo platform.

Commerzbank, Logwin, Landesbank Baden-Württemberg, trade finance, trade transaction, Marco Polo, Germany, LBBW, Marco Polo platform, blockchain, distributed ledger technology,

R3s Marco Polo Trade Blockchain network announces updates from Logwin

15 Aug 2019 | E-invoicing, SCF & E-procurement

Marco Polo, the trade finance blockchain network launched by R3 and TradeIX, is moving toward production with real-time supplier payments provided by Logwin.

Marco Polo, R3, Corda, TradeIX, trade finance, partnership, Logwin, real-time payments, B2B payments, Digital Asset Shared Ledger, blockchain, distributed ledger technology

ASB bank invests in TradeWindow supply chain blockchain

13 Aug 2019 | E-invoicing, SCF & E-procurement

New Zealand-based ASB Bank has invested in blockchain startup TradeWindow to digitise international trade documentation.

ASB bank, TradeWindow, supply chain blockchain, blockchain startup, digitisation, international trade documentation, distributed ledger technology,

UnionBank launches SME financing platform with OneConnect

18 Jul 2019 | E-invoicing, SCF & E-procurement

Union Bank’s fintech subsidiary UBX has teamed with OneConnect to build a blockchain enabled platform geared towards financing MSMEs in the Philippines.

UnionBank, OneConnect, supply chain finance, partnership, Philippines, MSME, UBX, financing, bank, blockchain, distributed ledger technology