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Blockchain-based Solution to Assist in KYC Dilligence: Bankchain

Indian banks ready to launch first blockchain-based solution to map corporate borrowers  A blockchain-based solution designed to help Indian banks and non-banking financial companies do their know your customer diligence of corporate borrowers, evaluate corporate lending risk, and manage vendors is ready to be deployed by the year-end. The solution has been developed by Bankchain, a 30-member consortium led by the ... Read More »

Blockchain is “no longer in proof of concept” phase

Blockchain is “no longer in proof of concept” phase says Global Trade Review As 2017 draws to a close, there are signs that we are moving beyond the proof of concept era for blockchain technology In the past days, a number of trade and non-trade-related blockchain programmes have gone live, showing the functionality of the technology and feeding the widely-held ... Read More »

Banks to Pilot new Concept for Blockchain-based Supply Chain Finance

Three international banks, three large corporates and four fintech startups have announced a pioneering project that will explore how blockchain technology can be used to track physical supply chains while unlocking access to financing for sustainable sourcing.  The year-long project will kick off in January and involve Unilever, Sainsbury’s and Sappi together with Barclays, Standard Chartered and BNP Paribas, which will ... Read More »

The Beginning of the Golden Age of AI?

Contribution by Scott Zoldi of FICO: Analytic Predictions 2018: 31 Flavors of AI Although my predictive powers don’t hold a candle to Carnac the Magnificent, this prediction from my 2017 analytics forecast certainly held true: “I think that we are just at the beginning of the golden age of analytics, in which the value and contributions of AI [artificial intelligence], machine learning [ML] ... Read More »

Microlending Startups Look to Blockchain for Loans

A new of wave startups believe blockchain can help microfinance deliver on lofty promises. Billed as a silver bullet that could lift the poor out of poverty since the mid-2000s, microfinance, or the use of small loans to boost the unbanked, has failed to take off for various reasons – namely, a lack of transparency and the existence of middlemen that blockchain ... Read More »

China based LinkEye Creates the Global Blockchain-based Credit Platform

LinkEye claims in recent press releases that it has developed a Blockchain-based credit platform.  LinkEye intends to promote global information sharing to facilitate credit transactions. LinkEye is a set of independent solutions of the blockchain-based credit sharing alliance. The blockchain technology is invented by Beijing Kuaihui Technology Co. Ltd. And Kuaihui Finance company is committed to utilizing blockchain technology to ... Read More »

Global Trade Review (GTR) Launches Trade Fintech Investment Arm

Global Trade Review (GTR) has launched an investment arm, supporting fintech companies in the trade space GTR Ventures (GTRV) was launched at a recent GTR Asia Trade & Treasury Week in Singapore, the world’s largest trade finance event. GTRV will place private capital into trade and SME lending platforms, particularly in emerging markets. It will offer stakeholders – such as entrepreneurs, investors, private companies, banks ... Read More »

Large Banks Pile into Blockchain Trading Platform Project

Large, multinational banks are partnering together to build a new global trade finance platform using Blockchain technology. According to a report in Global Trade Review (GTR), Commerzbank, Bank of Montreal, Erste Group and CaixaBank are joining a project underway by UBS and IBM dubbed Batavia in an expansion of a proof of concept that IBM and UBS launched at Sibos ... Read More »

MAS and ABS Lead Consortium to Harness Blockchain Technology for more Efficient Inter-bank Payments

Singapore Central Bank Reveals 3 New Blockchain Payments Prototypes The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced today that the consortium which they are leading has successfully developed software prototypes of three different models for decentralised inter-bank payment and settlements with liquidity savings mechanisms. The project, conducted together with 11 financial institutions and ... Read More »

IBM Ventures Is Close to Making Its First Industry Investment

The venture arm of one of the most recognizable names in the tech industry hasn’t yet put its money where its mouth is on blockchain – but that may be about to change. While global tech giant IBM has so far focused mostly on investing employee time and energy into the emerging technology, it’s only just now gearing up to take an ... Read More »

Creditinfo Announces newly Integrated Identity Management System Technology at Creditinfo Global Forum

ShoCard, a leading blockchain-based identity management system (IMS), together with Creditinfo, a leading service provider for credit information and risk management solutions worldwide, today announce the ShoCard IMS’s integration into the new Creditinfo app. The app enables individuals to claim their identity and obtain personal credit information that can be shared with any third party, as well as be independently verified ... Read More »