Visa is working with blockchain outfit Chain on the development of a near real-time funds transfer system for high value bank-to-bank and corporate payments.
A dozen member banks of the R3 distributed ledger consortium have been trialling Ripple's network and native currency to tackle the costs and inefficiencies of interbank cross-border payments.
JP Morgan is opening a virtual business branch in Indonesia, using technology to expand its geographic reach without having to buy real estate.
Emirates NBD and India's Icici Bank have successfully completed a pilot project to deploy a permissionable blockchain for international remittances and open account trade finance transactions.
Wells Fargo and Australia's ANZ have built a shared distributed ledger platform prototype for correspondent banking payment reconciliation and settlement.
If banks embrace PSD2 as a driver for strategic investment in open banking, they could leverage this mandatory change for technology and business benefit, finds new research from Finextra and Axway.
Like the unwanted guest at a party who trashes the house and runs off with your girlfriend, Ripple is throwing its weight around at Swift's annual Sibos conference with a series of barbed tweets and acerbic commentary asking if the interbank co-operative's set-piece Global Payments Innovation initiative is all its cracked up to be.
Bank of America Merrill Lynch is collaborating with Microsoft on a project to implement blockchain technology for trade finance transactions.
BNP Paribas says it has entered 'co-development mode' with clients to pilot a number of blockchain applications for transaction banking, after embarking on a collaborative process during its ‘Blockchain Bizhackathon’ earlier this year.
China has overtaken the UK in digital payment volumes, helping to spur global growth to more than 10%, according to research from Capgemini and BNP Paribas.
At YBS hosted event, local fintech stakeholders grapple with challenge of acting quickly but strategically.
© Finextra Research 2016