Accenture Works With Thailand’s Oldest Bank to Release Blockchain Supply Chain Tool

Global management consultancy firm Accenture announced it had partnered with a subsidiary of Thailand’s oldest bank on a new blockchain tool aimed at supply chains in a press release Wednesday, Oct. 17. In the latest implementation of the technology for Accenture, the company partnered with Siam Commercial Bank’s fintech subsidiary […]

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Saudi British Bank Joins Consortium R3's Global Blockchain Ecosystem

The Saudi British Bank (SABB) has become the first Saudi bank to join enterprise software firm and global banking consortium R3’s blockchain ecosystem, local news outlet Trade Arabia reports today, September 11. SABB enjoys a strong reputation, having reportedly been named by Global Finance magazine as the “Best Trade Finance […]

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Crypto Discussions at Highest Level: The OECD's Love of Blockchain Obscures Its Fear of Bitcoin

For several years now, the Organization for Economic Co-operation and Development (OECD) has been cautiously enthusiastic about blockchain technology. Beginning with a 2014 working paper titled, “The Bitcoin Question” the intergovernmental organization has been considering the economic possibilities opened up by distributed ledgers and cryptocurrencies — and, on the whole, […]

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Banco Santander Plans to Explore Blockchain’s Potential in Securities Trade

Spain-based Banco Santander has announced the creation of a blockchain research team to look into the technology’s potential to change securities trading, according to a July 11 press release. The “Digital Investment Banking” team, headed by current leader of Santander’s blockchain lab John Whelan, will “explor[e] the use of tokenized […]

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Blockchain Consortium R3 under Fire for Burning Capital, Lack of Noteworthy Developments | BTCMANAGER

Cryptocurrency startups and ICOs face the onus of retail investors who rightfully expect working prototypes of the former’s ideas. However, a significant blockchain player could be the first to succumb to poor business tactics and go out of business in 2019. R3 Close to Biting the Dust In a startling […]

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Natixis Joins R3’s Trade Finance Blockchain Initiative

As the competition to revolutionize the trade financing space using blockchain is getting fierce, more and more players are joining blockchain consortiums. Recently, the French corporate and investment bank Natixis announced that it has joined R3-led trade finance network Marco Polo. Help us to make Finance Magnates better! Last year, […]

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Blockchain Platform For Securities Lending Planned By Deutsche Börse, HQLAx

Frankfurt-based exchange group Deutsche Börse has teamed with liquidity management company HQLAx to develop a securities lending solution using R3’s Corda blockchain platform. Deutsche Börse is a marketplace organizer for the trading of shares and other securities. It is also a transaction services provider. It gives companies and investors access […]

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Credit Suisse, ING Use Blockchain App for 25M Euro Securities Transaction

Credit Suisse and ING have used blockchain for a real-life transaction that involved swaps of baskets with securities. The banks used the app provided by HQLAx, which is based on R3’s Corda platform. Switzerland’s Credit Suisse Group and Dutch-based ING Groep have successfully implemented blockchain technology in a securities lending […]

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