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.
Seven of Europe’s largest banks have selected IBM to build and host a new trade finance platform using Big Blue's Hyperledger Fabric.
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.
Finastra and IBM (NYSE: IBM) have reached an agreement to explore how the two companies can help customers transform their banking operations with IBM Cloud and Cognitive technologies.
© Finextra Research 2017