Following three years of experimentation, the Dutch Central Bank has concluded that blockchain technology fundamentally fails to pass muster as a realistic replacement for current financial market infrastructures.
Northern Trust, one of the few financial firms in the world to have a implemented a live distributed ledger application, has applied for two new blockchain-related patents in digital identity and meeting management.
The Central Bank of Thailand is initiating a project to use a Bank-issued digital currency for interbank settlements.
ABN Amro has taken a novel approach to recruiting fresh talent, creating a fictional future in a mobile gaming app and challenging prospects to use their tech skills to prevent a financial meltdown.
Cryptocurrency platform Circle Internet Financial is bidding to enter the Wall Street mainstream, seeking a federal banking license and SEC registration as a brokerage and trading venue.
The Italian Banking Association (ABI) has opened a pilot project on blockchain-based interbank reconciliations to a first group of 14 lenders.
Ripple is promising to pump $50 million into a blockchain research initiative with a host of top universities from around the world.
Finextra and the Euro Banking Association have announced the first nine early stage startups selected to exhibit their products and ideas to banking heads from across Europe at the EBA's flagship payments and transaction conference EBAday2018.
Blockchain consortium R3 has banked a $5 million investment from FX risk platform CLS.
Deutsche Bourse plans to spend EUR270 million on blockchain, big data analytics, cloud computing, as well as robotics and artificial intelligence, as part of a 2020 roadmap that will see 350 jobs cut to increase scope for new tech investments.
© Finextra Research 2018