The National Bank of Canada, the country’s seventh largest bank, is piloting a program to offer the creation and negotiation of standby letters of credit on a blockchain / distributed ledger system. The pilot uses a distributed ledger (DLT) system created by the company Skuchain and… Read More
Flinks, a Canadian fintech that provides banks and other fintechs with a data gateway platform that enables digital onboarding, risk modeling, and insights, announced earlier this week it secured $1.75 million through its latest seed funding round. The company reported that its partners now include National… Read More
National Bank of Canada (NBC) announced on Friday, with the support of J.P. Morgan, it issued a $150 million one-year floating-rate Yankee certificate of deposit, with a parallel simulation of the issuance using blockchain technology. According to the banking group, this blockchain test involved the parties… Read More
Last week, ONGO, a mobile payments platform based in Myanmar, announced a strategic partnership with the National Bank of Canada (NBC). According to ONGO’s announcement, NBC acquired a 22% stake in ONGO. The company declined to disclose any other terms of the deal. ONGO is… Read More
Lending Club (NYSE:LC) has announced a significant partnership with the National Bank of Canada and its US subsidiary Credigy. The agreement calls for Credigy, a firm that specializeds in consumer finance investment, to invest up to $1.3 billion over the next 12 months. Scott Sanborn,… Read More
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