Category: Banking

Mitsubishi, MUFG and Standard Chartered in payments pilot over RippleNet

[ad_1] Mitsubishi Corporation, MUFG Bank, Bank of Ayudhya (Krungsri), a Thailand-based subsidiary of MUFG, and Standard Chartered have started a pilot test for moving real funds over RippleNet. The software developed by Ripple uses Interledger Protocol This cross-border payments pilot will be carried out by Mitsubishi between the accounts of its subsidiaries in Thailand and […]

Poland is world’s first for banking records on blockchain

[ad_1] Blockchain used for storage and access to sensitive customer information Billon and the Polish Credit Office (Biuro Informacji Kredytowej – BIK), the largest credit bureau in Central and Eastern Europe, will implement blockchain for storage and access to sensitive customer information. According to Billon, its blockchain technology will benefit the bureau through security, integrity […]

Capital One buys digital identity start-up Confyrm

[ad_1] Capital One has acquired San Francisco-based digital identity start-up Confyrm as it seeks to capture the market for consumer identity services. Financial details were not disclosed Financial details were not disclosed, but as part of the deal Andrew Nash, founder and CEO of Confyrm, has become managing vice-president of Capital One’s consumer identity services. […]

Ripple springs Xpring programme for blockchain innovation

[ad_1] Ripple has a spring in its step with the launch of Xpring (pronounced spring) to invest in, incubate, acquire and provide grants to companies and projects. You will use Ripple’s digital asset XRP and the XRP Ledger Self-promotion is naturally part of its logic, as “every entrepreneur” will use Ripple’s digital asset XRP and […]

Morgan Stanley bets on Brazil’s fintech lending boom

[ad_1] Morgan Stanley is following Goldman Sachs in lending to Brazil’s healthy fintech industry in search of higher yields. Brazil: rising opportunity According to Bloomberg, people with direct knowledge of the matter say that Morgan Stanley has bought about $14 million in local subordinated bonds from Geru Tecnologia e Servicos, an online lender to individuals. […]