Tagged: blockchain

April 10, 2017 @ 10:24 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published a discussion paper on distributed ledger technology (DLT) also commonly called Blockchain. The document was released today amidst of a flurry of Fintech related news as the Innovate Finance Global Summit kicked off in London.  The FCA… Read More

April 5, 2017 @ 6:22 am By JD Alois  |  

Lykke, a Swiss Fintech firm that is creating a global blockchain-powered marketplace, has launched the Lykke Accelerator. Richard Olsen, founder and CEO of Lykke, explains; “The Lykke Accelerator is an exciting step. We’ve spent the last year building a world-class platform, and now we want other companies… Read More

March 29, 2017 @ 8:22 am By Samantha Hurst  |  

ShapeShift AG, an instant exchange for Bitcoin digital currency and other blockchain assets, announced on Tuesday it secured $10.4 million Series A funding round, which was led by Berlin-based Earlybird with participants from Lakestar, Access Venture Partners, Pantera Capital, and Blockchain Capital. The company, which was founded… Read More

March 23, 2017 @ 5:23 pm By Cole Lyons  |  

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

March 18, 2017 @ 1:01 pm By Xu Gao  |  

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

March 16, 2017 @ 11:03 pm By JD Alois  |  

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

March 9, 2017 @ 8:49 am By JD Alois  |  

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

March 5, 2017 @ 6:24 pm By JD Alois  |  

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

March 5, 2017 @ 6:11 pm By JD Alois  |  

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

March 2, 2017 @ 7:09 pm By Xu Gao  |  

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

March 2, 2017 @ 8:57 am By JD Alois  |  

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

February 22, 2017 @ 9:56 am By Xu Gao  |  

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

February 22, 2017 @ 4:00 am By JD Alois  |  

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

February 16, 2017 @ 1:45 am By Jessica Pham  |  

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

February 15, 2017 @ 11:29 am By Xu Gao  |  

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

February 14, 2017 @ 6:44 am By Erin Hobey  |  

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

February 12, 2017 @ 12:01 pm By JD Alois  |  

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

February 10, 2017 @ 2:57 am By JD Alois  |  

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

February 9, 2017 @ 4:35 pm By Samantha Hurst  |  

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

February 9, 2017 @ 2:00 am By Jessica Pham  |  

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