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At Sibos 2014 in Boston blockchain was the talk of the show and the movement towards adoption of new technologies was up and running. As Sibos 2018 opens in Sydney, APIs and open banking based on their adoption will be high on the agenda, indicating that the movement is gathering momentum.
Digital payments are experiencing a boom, driven by developing markets, according to the World Payments Report 2018 launched today from Capgemini and BNP Paribas.
The value of fraudulent noncash payments in the United States rose significantly between 2012 and 2015--outpacing growth in noncash payments overall, according to a new report based on Federal Reserve Payments Study data.
The study's survey of depository institutions found that the value of noncash payments fraud rose 37 percent from $6.1 billion in 2012 to $8.3 billion in 2015. Over the same period, the total value of noncash payments rose 12 percent from $161.2 trillion to $180.3 trillion.
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the results of a benchmark study which demonstrated for the first time ever that distributed ledger technology (DLT) is capable of supporting average daily trading volumes in the US equity market of more than 100 million trades per day.
Today, LogMeIn, Inc. (Nasdaq:LOGM) introduced two solutions to its market-leading product portfolio – both designed to revolutionise the employee support process. By making the technology easier, faster and more frictionless than ever before, LogMeIn is removing the need for companies to choose between the requirements of IT and the expectations of employees.
Baker Hill, a leading provider of technology solutions for common loan origination, risk and relationship management, CECL compliance and smart data analytics, announced that Studio Bank has selected Baker Hill NextGen® for statement spreading. Baker Hill’s solutions will serve as part of the de novo bank’s technology platform as it enters the Nashville, Tenn.
Accenture (NYSE: ACN) and Digital Ventures Co. Ltd, a fintech subsidiary of Siam Commercial Bank, have co-developed and launched a unique blockchain solution to simplify the way companies buy and sell goods, make and receive payments, and obtain financing.