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Foxconn Subsidiary Debuts Blockchain-Powered Supply Chain Platform

FnConn, the financial services arm of Taiwan-based Foxconn, launched the platform alongside Dianrong, a Chinese online lending marketplace. Dubbed Chained Finance, the platform is aimed at providing working capital to smaller businesses involved the manufacturing supply chain. According to the two firms, a previous proof-of-concept involved the issuance of loans worth $6.5m to a group of unnamed companies. Chained Finance has an initial focus on ... Read More »

Keep the Date: BIIA 2017 Biennial Conference Bangkok, Thailand October 18 to 20, 2017

BIIA invites business and credit information industry professionals to attend the BIIA 2017 biennial conference where we intend to discuss disruptive technologies  impacting our industry and the businesses of our customers.   Venue:  The Okura Prestige Hotel, Bangkok, Thailand    The conference will start with a Welcome Reception in the evening of the 18th October 2017.  The main conference sessions will ... Read More »

CoinDesk Research Releases ‘Blockchains for Insurance’ Report

One of the world’s oldest financial products, and the $5tn industry that powers it, may be in for a change thanks to blockchain tech. That’s the conclusion of our latest CoinDesk Research report, “Blockchains for Insurance”. Released officially today, the report focuses on the ‘Bond of Trust’ and the commercial relationships used to deliver insurance products. Our 44-page deep dive into one ... Read More »

Blockchain KYC Solutions: India’s Biggest Stock Exchange is Testing Blockchain KYC

India’s biggest stock exchange and a group of domestic banks recently collaborated on a know-your-customer data trial involving blockchain. The test involved the National Stock Exchange of India (NSE), ICICI Bank, IDFC Bank, Kotak Mahindra Bank, IndusInd Bank and RBL Bank, as well as HDFC Securities, a Mumbai-based brokerage. Blockchain startup Elemential provided the technology for the trial. The test, the first stage of ... Read More »

Abu Dhabi Bank Partners with Ripple for Cross-Border Payments

Abu Dhabi’s largest bank has begun offering a new cross-border transaction service in partnership with distributed ledger startup Ripple. The National Bank of Abu Dhabi (NBAD), the emirate’s biggest bank and one of the largest in the UAE, said today that it has integrated Ripple’s technology into its own systems, allowing for intrabank transfers for NBAD customers.  Vineet Varma, NBAD’s managing director ... Read More »

Dubai’s Government Launches Blockchain Trade Finance Trial With IBM

Dubai’s government is testing blockchain tech for trade finance in partnership with IBM. Dubai Customs, the emirate’s customs office, and Dubai Trade, an electronic trade services hub operated by the government, are helping spearhead the initiative, announced today. Several private companies are involved, including Emirates NBD and Banco Santander, two major banks that have tested the tech in the past. Du, a UAE-based telecom, and ... Read More »

CoinDesk Acquires Lawnmower

CoinDesk, the leading media & events business in the bitcoin and blockchain industry, announced that it has acquired Lawnmower, a blockchain data and research platform. The full Lawnmower team will join CoinDesk in its New York office. Founders Pieter Gorsira and Patrick Archambeau, who built Lawnmower’s popular digital currency portfolio tracking application, will lead CoinDesk’s engineering team, while co-founder Alex ... Read More »

SME Blockchain-based Trade Finance Platform to be Launched

Seven major European Banks are Partnering on a new Blockchain-based Trade Finance Platform Dubbed Digital Trade Chain (DTC), the initiative grew out of an earlier proof-of-concept spearheaded by Belgium-based bank KBC and first unveiled in July of last year.  The tentative plan is to launch sometime in the second half of 2017. Those backing the platform’s development are looking to establish a ... Read More »

Brexit Blues: Why Dublin is Turning Into a Haven for Blockchains

Following the UK’s leave vote, Dublin was found to be the second most attractive financial center in Europe by a PwC survey – and although London still topped the poll, uncertainty over the terms of Britain’s exit from Europe make the Irish challenger more appealing by the day. Besides a specialization in financial services, Ireland is already the European outpost for many ... Read More »

Thai Banks Implement Blockchain to Become Regional Epicenter of Fintech

Thailand’s Kasikornbank has developed an issuance system for letters of guarantee based on IBM’s blockchain infrastructure. Kasikornbank, Thailand’s fourth-largest lender by assets, has developed a document certification system using blockchain technology and will launch it early next year, becoming one of the country’s first service providers to use the technology. The move follows other Thai lenders eying to spearhead the ... Read More »