Project Ubin Releases Source-Codes of DLT Prototypes for Inter-Bank Payments

Announcements, Blockchain, FinTech, Group | November 15, 2017 By:

Project Ubin has released the source-codes on blockchain software prototypes for inter-bank payments for public access.

First unveiled in November 2016, Project Ubin is a collaborative project with the banking industry to explore the use of distributed ledger technology (DLT) for clearing and settlement of payments and securities.

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State Bank of India to Implement Blockchain KYC Solution

Announcements, Blockchain, Innovation | November 3, 2017 By:

The State Bank of India (SBI) will be implementing blockchain technology for know-your-customer (KYC) procedures. The bank has teamed with BankChain and Intel to facilitate the implementation.

BankChain is India’s first blockchain consortium for banks. Bankchain’s goal is to enhance efficiency and bring transparency and security in the banking industry.

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Cyprus Securities Regulator to Use Blockchain Technology

Announcements, Blockchain, FinTech | October 30, 2017 By:

The Cyprus Securities and Exchange Commission (CYSEC) is planning to use blockchain technology to facilitate digital payments.

CYSEC chair Demetra Kalogirou stated that some Cypriot investment firms have already been using blockchain to carry out over-the-counter (OTC) transactions, and added that the commission has issued a circular imposing restrictions on supervised companies.

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IBM Develops Blockchain Network for Cross-Border Payments

Announcements, Blockchain, FinTech | October 16, 2017 By:

IBM, financial services company KlickEx Group and blockchain nonprofit organization Stellar.org are collaborating on a new blockchain banking solution that will help financial institutions address the processes of universal cross-border payments.

The blockchain solution is designed to improve efficiency and reduce the cost of making global payments for business and consumers.

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