An industry consortium led by the Monetary Authority of Singapore (MAS) and the island's Association of Banks has released the source-codes of three successful distributed ledger prototypes for inter-bank payments, in an effort to encourage other financial institutions and central banks to experiment with the technology.
Thailand's Krungsri plans to use a blockchain toolkit from IBM to streamline and secure the exchange of contracts between the bank and its subsidiaries.
Leading Australian insurer Suncorp today announced it has successfully integrated IBM (NYSE: IBM) Watson artificial intelligence technology into its online claims process.
IBM Security today announced a new capability from IBM Trusteer that helps banks identify fraudulent accounts before they are opened. The technology also protects consumers even if they are not a customer of the bank being targeted with the fake account
Swiss bank UBS has said that a migration of more than 1,000 jobs from London as a result of Brexit is "more and more unlikely" after receiving "regulatory and political clarifications".
As it reports soaring consumer take up, US bank-backed P2P payments app Zelle has teamed up with IBM to help bring the service to more financial institutions.
IBM (NYSE: IBM) today announced it is teaming up with Toronto-based FinTech company Dream Payments to bring new revenue generating mobile payment offerings to financial institutions and merchants in the United States via the IBM Cloud.
Eight of Europe's largest banks have agreed to set up a joint venture company incorporated in Ireland to manage the roll out of Digital Trade Chain, a shared platform that aims at making domestic and cross-border commerce easier for European companies by harnessing the power of distributed ledger technology.
IBM is leading a project that uses public blockchain technology to make international payments in developing countries more efficient and less expensive.
IBM is collaborating with five international banks on the creation of a global trade finance platform based on blockchain technology.
© Finextra Research 2017