BNP Paribas is swallowing its own blockchain medicine, applying the technology to the global internal treasury operations of the bank.
Eight of Europe's largest banks have agreed to set up a joint venture company incorporated in Ireland to manage the roll out of Digital Trade Chain, a shared platform that aims at making domestic and cross-border commerce easier for European companies by harnessing the power of distributed ledger technology.
In recognition of two of the central threats facing his organisation - hackers and upstart rivals - Swift CEO Gottfried Leibbrandt used his opening remarks at this year's Sibos in Toronto to talk up his gpi and cybersecurity programmes.
JPMorgan is to pilot the application of cross-border interbank payments over its enterprise-ready distributed ledger and smart contract platform Quorum.
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.
Increased regulatory burden is hampering smooth and timely onboarding of customers, as banks struggle with technology implementation and budget parameters, according to financial industry professionals surveyed in a new paper by Finextra Research.
Credit Agricole and TransferGo are among the latest financial services firms to join Ripple's enterprise blockchain network, which now claims more than 100 users.
Philippe Lepoutre, deputy head of global transaction and payment services and Thierry Olivier, chief information security officer at SocGen assess Swift's Customer Security Programme (CSP) and how it might evolve in the future to provide a better safety net for interbank payment flows.
Thailand and Singapore have announced tentative plans to integrate their respective e-payment schemes in a bid to promote digital banking, according to a Bloomberg report.
© Finextra Research 2017