IBM is working with China Construction Bank (Asia) on a blockchain-powered bancassurance project in Hong Kong.
UBS, IBM and car parts manufacturer ZF are working together to build a blockchain-based payments system that automatically collects fees for things such as parking and power charging.
Mizuho Bank, Ltd. (President & CEO: Koji Fujiwara) and IBM Japan, Ltd. (General Manager: Elly Keinan) today announced that Mizuho Bank begun to verify operations towards more advanced and efficient risk management by employing cognitive technology *1 to take measures against financial crimes such as terrorism financing that governments across the world urge financial institutions to regulate more severely.
Pacific International Lines (Pte) Ltd (“PIL”), PSA International Pte Ltd (“PSA”) and IBM Singapore Pte Ltd (“IBM”), signed a Memorandum of Understanding (MOU) today to explore and trial proof of concept (POC) blockchain-based supply chain business network innovations.
HSBC is applying optical character recognition and cognitive technology from IBM to automate the processing of paper documents in trade finance transactions.
Thailand's Kasikorn Bank says that by 2018 it wants to process at least one-in-twenty electronic Letters of Guarantee in its corporate credit business over a new distributed ledger platform developed in concert with IBM
IBM (NYSE: IBM) announced today that it has been selected as the strategic partner of Bank of Cyprus, the leading banking and financial services Group in Cyprus, for the implementation of the Bank's Digital Transformation.
London Stock Exchange-owned Borsa Italiana and IBM are using blockchain technology to digitise the issuance of securities for SMEs in Europe.
John McLean, VP Blockchain Labs Services, IBM, talks about how close blockchain is to going mainstream in financial services, and how it can be deployed to transform complex, friction-heavy processes to deliver transparency and efficiency.
ANZ, Westpac and IBM have successfully completed a trial run of distributed ledger technology to update the decades-old process of issuing, tracking and claiming on bank guarantees.
© Finextra Research 2017