Northern Trust has engaged with IBM on the commercial deployment of blockchain technology for the private equity market.
IBM has struck a deal with Visa which will give all of Big Blue's Watson IoT platform customers access to the card giant's payment services, potentially turning billions of cars, fridges, sneakers and other connected devices into points of sale.
IBM is collaborating with Dubai Customs, Dubai Trade and its IT provider Dutech, to explore the use of blockchain technology for the import and re-export process of goods in and out of Dubai.
IBM (NYSE: IBM) announced that Sberbank, Russia's largest bank and a leading global financial institution, has launched a new corporate online banking platform designed together with IBM iX to deliver an enhanced online banking experience for small and medium businesses.
Postal Savings Bank of China (PSBC) has formally launched a blockchain-based asset custody system, executing more than 100 live transactions on the system during a two-month trial run.
New York's Depository Trust & Clearing Corporation (DTCC) has selected IBM, in partnership with Axoni and blockchain consortium R3, to overhaul its Trade Information Warehouse to handle post-trade processing of derivatives contracts over a distributed ledger framework.
More than 30 workers at Japan-based Fukoku Mutual Life Insurance are set to be replaced by artificial intelligence (AI), according to Japanese daily The Mainichi.
India's Yes Bank has enlisted the help of IBM for a blockchain project that digitises vendor financing for client Bajaj Electricals.
IBM (NYSE: IBM) today announced that Japan-based APLUS Co., Ltd., which operates credit card and settlement service businesses, has selected IBM LinuxONE® as its mission-critical system for credit card payment processing.
True artificial intelligence may still be some years off but the financial services industry is already beginning to reap the benefits of augmented intelligence, says a data scientist working on IBM's Watson.
© Finextra Research 2017