IBM is working with China Construction Bank (Asia) on a blockchain-powered bancassurance project in Hong Kong.
AXA has launched a blockchain-based insurance product that automates the payment of late flight compensation for air passengers.
FinLeap, the startup platform behind Germany's solarisBank, has secured EUR39 million in equity capital to support its ongoing fintech incubation programme.
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.
BNP Paribas is the latest financial services firm to dabble in virtual reality, unveiling a VR-based app for retail banking customers and a 'teleportation' capsule for home buyers.
Swiss financial services group Baloise has committed CHF50 million with UK venture capital fund Anthemis to help source, execute and manage investments in startups across Europe, the UK and the US.