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.
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
© Finextra Research 2017