Blockchain-based cross border business payments startup Align Commerce has rebranded as Veem and raised $24 million in a Series B funding round led by the new venture arm of National Australia Bank.
Regulatory authorities in Singapore and Abu Dhabi have inked an agreement to support fintech startups entering each territory and undertake joint project on the application of new technologies in finance, including mobile payments, distributed ledgers and big data.
Kirill Timofeev, senior developer in DataArt's dedicated blockchain team outlines the pitfalls and potential for financial services participants in the Enterprise Ethereum Alliance.
A US Federal Reserve governor has poured cold water on the prospect of central bank-issued digital currencies, saying that they raise serious security and privacy concerns and could become a prime target for crooks.
US non-profit group Accion International and VC Quona Capital have raised $141 million from an array of institutional investors to support fintech startups that improve the quality and availability of financial services for the underserved.
IBM and transport and logistics outfit Maersk have unveiled a blockchain-based cross-border supply chain programme to manage and track the paper trail of tens of millions of shipping containers across the world.
Deutsche Bourse's new dedicated fintech venture fund, DB1, is hoping to make up to five investments this year, focusing on startups that use technologies such as blockchain and machine learning to rebuild the rails on which financial markets are built.
Canada's Scotiabank has spent the last few months testing a distributed ledger platform from tech firm AlphaPoint.
Distributed ledger technology has huge potential but has not yet reached the stage where it can fully replace current centralised systems, says a senior Bank of Japan official, who also warns FS firms against leaving the development and understanding of the tech to outside vendors.
The Stock Exchange of Thailand (SET) is planning to launch a blockchain-based marketplace for startups later this year.
© Finextra Research 2017