Sunny optimism faced off with hard-nosed pragmatism during an early Sibos session on blockchain in the cash and securities settlement space, as ConsenSys rep Monica Singer tried desperately to win over cynical bankers.
JPMorgan is to pilot the application of cross-border interbank payments over its enterprise-ready distributed ledger and smart contract platform Quorum.
Digital Asset Holdings, the blockchain startup founded by former JPMorgan exec Blythe Masters, has raised over $40 million of Series B financing from existing and new investors, led by Jefferson River Capital.
BNP Paribas has joined forces with Tata Consultancy Services in a bid to transform the tortuous corporate events lifecyle through the use of blockchain technology.
IBM is leading a project that uses public blockchain technology to make international payments in developing countries more efficient and less expensive.
Ripple is hoping to tempt banks to jump onto its enterprise blockchain network by dangling a rebate, in the form of its XRP digital asset, to early commercial adopters.
Early results from a blockchain proof-of-concept conducted by Swift with six of the co-operative's member banks indicate that DLT application can deliver the business functionalities and data richness required to support real-time liquidity monitoring and reconciliation.
Compliance and KYC specialist Accuity has integrated its financial crime screening suite with R3's distributed ledger technology platform, Corda.
Payment Rails, a Canadian startup building an API-first payouts platform for businesses, has won a high-profile backer in the shape of ex-PayPal president Scott Thompson, who has invested in the firm and signed on as a board advisor.
Fujitsu is collaborating with Mizuho, Sumitomo Mitsui, and Mitsubishi UFJ Financial to conduct a joint field trial of a person-to-person money transfer service using blockchain technology.
© Finextra Research 2017