The Italian Banking Association announced the completion of testing of its interbank system developed on blockchain, CoinTrust reports said Thursday (Oct 4). A group of 14 banks, which makes up the Italian Banking Association (ABI), is targeting accelerated payment processing times as well as heightened...
A report released this week by the Financial Stability Board, an international body that makes recommendations on the financial system for G20 nations, has raised concerns over the ongoing decline in interbank relationships. Reports Wednesday (July 5) said the FSB released the results of a...
News earlier this month that Visa launched its Visa Ready Program for Business Solutions, a collection of B2B payment and finance services, from virtual cards to AP automation, to accelerate companies’ use of such digital tools. But it’s not the first time the credit card conglomerate...
After an inquiry to examine the potential for blockchain to play a role in the nation’s interbank system, the Bank of Canada has ultimately decided against the technology. Reports Friday (May 26) said the central bank revealed its views in an article for The Globe and...
November 29, 2016
Two top banks in the United Arab Emirates and India are spearheading blockchain initiatives in their perspective markets thanks to a new collaboration with software conglomerate Infosys, reports said Monday (Nov. 28). Emirates NBD in the UAE and ICICI Bank in India are the first banks in their nations to pilot a blockchain network to explore […]
