#Standard #Chartered, headquartered in London, is expanding its global digital footprint from Hong Kong to the west coast of Africa. The bank, which has $ 663.5 billion in assets and operates mainly in Asia, Africa, and the Middle East, announced in June that it would begin work on developing a disruptive new business model for the Hong […]
Bank Innovation
Two #banks have unveiled a corporate cross-border payment solution for real-time #payments, using #Ripple’s #blockchain solution for the network. The solution, which is now commercially available between #Standard #Chartered #bank in Singapore, and #Axis Bank in India, will give corporates “greater control over cash flow,” according to the banks. While Axis Bank corporate customers can […]
Bank Innovation
Cross-border payments are getting an update—but #banks are keeping #blockchain in the blockchain labs. Instead of distributed ledger #technology, banks like Citi, Wells Fargo, and BBVA, are looking to projects like #SWIFT’s global payments innovation service — or gpi &8212; which went live today, following its January launch. “If [theRead More
Bank Innovation
The payment networks are coming together to work on a #standard for speedier EMV transactions. As part of that effort, #MasterCard is making its M/#Chip Fast #technology “available to all parties” involved, including other payment networks, acquirers, and processors, Chiro Aikat, senior vice president of product delivery, told Bank Innovation.Read More
Bank Innovation
In this op-ed, #bitcoin enthusiast Martin Hagelstrom touches on the slow but steady embrace of #blockchain by the world’s #banks.
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