Tagged: blockchain

Blockchain-based Identity Service backed by the Big 5 Canadian Banks

SecureKey announced Monday that later this year it will release a blockchain-based service, giving customers the ability to control what classifying information they share with corporations. The Toronto-based identity management company’s new service has obtained the support of Canada’s top five banks. SecureKey’s new service… Read More

China: WeiyangX Fintech Review

Highlights of China’s central bank’s briefing on financial reform & development Last Friday, the People’s Bank of China briefed media on China’s financial reform and developments on the sidelines of the Two Sessions in Beijing.‍ Officials attending the press conference included: Zhou Xiaochuan: Governor of… Read More

Fintech Startup Invictus Hooks Up with IBM on Blockchain Tech

Singapore-based Fintech startup Invictus has partnered with IBM (NYSE:IBM) to leverage their cloud and blockchain tech to power their order, logistic and payment platform (OLP). Invictus will also be working with the IBM “Bluemix Garage” in Singapore to design a distributed ledger (DLT) platform prototype on the… Read More

Monetary Authority of Singapore Works to Boost Blockchain Utilization: Looks to Central Bank Digital Currency

The Monetary Authority of Singapore (MAS) has concluded a “proof-of-concept project” to conduct domestic inter-bank payments using distributed ledger technology (DLT) also commonly referenced as Blockchain. The project, in partnership with R31 and a consortium2 of financial institutions, was first announced in November 2016. “This wholesale payments project… Read More

Fintech Industry Says Australia in Strong Global Blockchain Position as it Releases Roadmap for Blockchain Development

Following the release of an important standards roadmap, the leading body for Australia’s Fintech industry said the country was well positioned to take advantage of emerging Blockchain technology or distributed ledger technology (DLT). Standards Australia has recently released its Roadmap for Blockchain Standards Report, which outlines how… Read More

Australia Publishes Roadmap for Blockchain Standards (Document)

Standards Australia has published a roadmap for Distributed Ledger Technology (DLT) commonly called Blockchain. Dr. Bronwyn Evans, CEO of Standards Australia, said that Blockchain has the potential to support efficient and secure real-time transactions across a number of sectors, including financial services. She described Australia as… Read More

China: WeiyangX Fintech Review

CBRC Releases “Guideline” to Regulate Funds Custody of Online Lending Platforms On February 23rd, the China Banking Regulatory Commission(CBRC)released new guidelines to regulate funds custody of online lending platforms. According to the guidelines, online lending platforms and banks must follow the regulation to restructure their funds… Read More

Lykke Completes Public Offering of Equity Tokens in Oversubscribed Offer

Lykke, a Swiss Fintech company building a blockchain-powered marketplace,  is reporting it has completed a three-week public offering of a 1-year forward equity contract. The offer, which was said to be oversubscribed, raised CHF 2 million for the company from more than 340 new investors…. Read More

China: WeiyangX Fintech Review

Hong Kong Securities & Futures Commission Joins R3 Blockchain Consortium The Hong Kong Securities and Futures Commission (SFC) announced it had joined the R3 blockchain consortium. Through this partnership, SFC will test applications of blockchain on record and settlement of securities and futures trading with the… Read More

Bitbond Raises $1.2 million to Fuel Global Expansion of SME Lending

Bitbond has raised $1.2 million in equity capital to help boost global expansion. The Berlin-based online lending platform has now raised total funding of $2.3 million. The funding round was led by mobilike founder Şekip Can Gökalp, plus several angels investors including, Fyber founders Janis Zech… Read More

Finacle, LTP Report Predicts Large Adoption of Blockchain by 2020

Infosys Finacle and Let’s Talk Payments (LTP) released a report earlier this month called, “Blockchain Technology: From Hype to Reality”.  The companies highlight the following findings: “The study polled over 100 senior financial services leaders at more than 75 organizations across the world and revealed that: 50%… Read More

China: WeiyangX Fintech Review

PBOC Becomes the First Central Bank to Issue Digital Currency Just at the start of 2017, People’s Bank of China (PBOC) took a big step in the area of digital currency. According to its announcement, PBOC has managed to test digital bill trading with beta-digital… Read More

For the Love of Blockchain: Abu Dhabi Global Market + London Fintecher EquiChain

In the news again, Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, is pleased to be a member partner of the industry working group, the Market Infrastructure Group, established by the London-based fintech company, EquiChain. The Group, comprising global industry & financial leaders,… Read More

Swiss Company Lykke Offers Forward Contract with 20% Discount on Cryptocurrency

Lykke, a Zurich-based Fintech firm that wants to become the “world’s first regulated marketplace built on cryptographic technology” is offering a one-year forward contract on a bespoke cryptocurrency or Lykke Coin with a 20% discount. Announced last week, Lykke basically will provide a 20% discount… Read More

Singapore Has Just Published a Document on their Next Phase of Growth & Fintech /Alternative Finance Plays a Big Role

Singapore’s Committee on Future Economy (CFE) has identified seven strategies for Singapore’s next stage of growth in its report. Singapore has experienced an enviable period of economic growth and prosperity. The island city-state tmaintains one of the highest standards of living in the world. The… Read More

Blockchain Regtech Startup Coinfirm Receives $700,000 in VC Funding From Luma Ventures

Blockchain regtech startup, Coinfirm, announced on Wednesday it secured $700,000 from Luma Ventures during an ongoing seed round to continue its growth and development. Coinfirm has built a blockchain risk and compliance platform. The company’s platform notably brings transparency and security to its blockchain transaction… Read More

Singapore FinTech Association & Five Polytechnics Focus on Growing Fintech Talent

The Singapore FinTech Association (SFA) has signed MOUs with five polytechnics in efforts to grow and nurture talent in the industry, as well as to improve coordination between educators and fintech industry leaders.  The five entities are Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic, Singapore… Read More

FICCI Report Explores Promises and Challenges of FinTech in India

The Federation of Indian Chambers of Commerce and Industry (FICCI) published a new report in January called “Leveraging the FinTech Opportunities in India” to highlight a number of topics, including digital payments, digital banking, blockchain, and online lending, to name a few. According to FICCI… Read More

Credit China Fintech is Making Waves with $30M Bitfury Deal Following Ping An Investment

Credit China Fintech has started 2017 with a blitz of deals.  Today Credit China Fintech announced a $30 million deal with BitFury group and the establishment of a joint venture focusing on the China market. BitFury Group is a leading Bitcoin and private Blockchain infrastructure… Read More