Accenture, a professional services firm, and TradeIX, a blockchain startup in global trade finance, have teamed up to become an onboarding partner for the Marco Polo Network, according to reports. Accenture Ventures also made an undisclosed investment in TradeIX, and the company will help the...
To gain speed and transparency, cross border payments need new infrastructure. Recent news show partnerships among banks, and in some cases, consortiums of FIs. Some efforts target blockchain, too – all with the ultimate goal of boosting trade finance and supply chain finance efficiencies.
China Construction Bank’s vice president has revealed that the bank has added new abilities to its trade finance blockchain platform, including cross-chain and inter-bank transactions. Since its launch last year, the platform has processed over $53.5 billion transactions between exporters, banks and non-bank financial institutions....
Bank of America has announced that it has joined the Marco Polo Network, the leading trade and working capital finance network. The network — and its more than 25 member banks — aims to unlock a potential $1.5 trillion opportunity in global trade finance, according...
September 04, 2019
Today in the payments news roundup, Mastercard announced it has joined the Marco Polo Network. Also, Apple has gained three separate patents related to the Apple Watch. And Amazon is testing out a new payment system that uses handprints for checkout instead of a card or an app. Apple Patents Biometric Watch Band Apple has gained three separate […]
October 05, 2021
Corporate investment banking company BNY Mellon, through its participation in the Marco Polo Network, has become part of a group working to introduce blockchain technology into international trade finance, according to a Tuesday (Oct. 5) press release. As part of the collaborative effort, BNY Mellon is looking to digitize how working capital is provided to […]
October 14, 2019
China Construction Bank’s vice president has revealed that the bank has added new abilities to its trade finance blockchain platform, including cross-chain and inter-bank transactions. Since its launch last year,...
