Latest IBM Financial Services News: Finextra Research

China Construction Bank (Asia) enlists IBM for blockchain-powered bancassurance

IBM is working with China Construction Bank (Asia) on a blockchain-powered bancassurance project in Hong Kong.

21 September 2017

IBM and UBS team on blockchain payments for cars

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.

12 September 2017

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ANZ and Westpac put bank guarantees on the distributed ledger

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.

10 July 2017

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AIG and Standard Chartered run multi-national insurance policy via DLT

American International Group, IBM and Standard Chartered Bank have converted a multinational, controlled master policy written in the UK, and three local policies in the US, Singapore and Kenya, into a 'smart contract' that provides a shared view of policy data and documentation in real-time.

16 June 2017

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Lloyds Bank inks £1.3 billion IT outsourcing deal with IBM

Lloyds Bank has finally put pen to paper on a long-mooted £1.3 billion, 10-year mega outsourcing deal with IBM, which will see 1500 staff and contractors moved to Big Blue.

09 June 2017

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Mizuho prepares for API banking

Japan's Mizuho is implementing API interfaces to third party personal financial management apps through a collaboration with IBM.

08 June 2017

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UBank unveils RoboChat for home loan applications

Digital only Australian bank UBank is rolling out a virtual assistant to help potential home buyers and refinancers complete their online home loan applications.

15 May 2017

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Financial sector breaches skyrocket in 2016

More than 200 million financial services records were breached in 2016, representing a 937% percent increase over the previous year, according to data from IBM.

28 April 2017

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Crédit Mutuel rolls out IBM Watson across branch network

Crédit Mutuel is giving 20,000 branch employees assistance in the form of IBM's Watson platform, which will help analyse customer emails and provide information on products and services.

21 April 2017

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SIX and IBM to build Watson-powered cyber-security hub

Swiss Financial infrastructure operator SIX is to use the cognitive computing ability of IBM Watson to build a new cyber-security hub to help banks comply with Swiss privacy laws and regulations.

24 March 2017

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SecureKey taps IBM to put identity on the blockchain

IBM has rolled out an enterprise-ready build-your-own blockchain platform and announced a collaboration with Canada's SecureKey on the commercial development of a federated identity service using the Hyperledger Frabric.

20 March 2017

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Lloyds plans to transfer over 1900 staff to IBM in £1.3 billion outsourcing deal

Lloyds Banking Group is planning to outsource large parts of its IT estate and transfer 1900 staff to IBM in a deal worth £1.3 billion over seven years.

13 March 2017

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