Interbank messaging network Swift has rounded up an initial group of six leading correspondent banks to participate in proof-of-concept trials to determine if distributed ledger technology could help banks reconcile their nostro databases in real time.
Standard Chartered has initiated proof-of-concept trials on robo-advisory services and blockchain with two startups graduating from Hong Kong's SuperCharger Fintech Accelerator programme.
Welcome to Finextra's live coverage of the Swift Business Forum in London. This year’s conference will focus on the key issues affecting the financial industry, particularly as they impact UK and global markets. In an ever-increasing ‘instant’ world, the agenda will look at how financial institutions can stay resilient and secure, while continuing to innovate and navigate change.
Former UK government minister Mark Simmonds has teamed up with fintech veteran Hirander Misra on a venture that aims to help African smallholder farmers boost their earnings by connecting them with local commodity exchanges.
Manchester, UK-based payments router AccessPay has secured £2 million in debt financing from Clydesdale and Yorkshire Bank amid plans for a recruitment drive and expansion into US markets.
The National Bank of Cambodia is teaming up with distributed ledger technology specialist Soramitsu to develop the use of the Hyperledger Iroha software framework for a possible new payment infrastructure.
The European Commission is pumping EUR500,000 into a blockchain and distributed ledger technology 'observatory' and forum to help it build up its knowledge and expertise on the subject.
The European Central Bank is in the market for a senior technology executive with three years of practical experience in distributed ledger applications and front and back office project management expertise.
BBVA has run its first live cross-border transaction using the Ripple protocol.
NatWest is launching a new lending platform for small businesses, providing clients with an individual pre-configured financing assessment viewable online and cutting the time taken for approval from 21 days to three minutes.
© Finextra Research 2017