New research from MMC Ventures concludes activity and investment remain strong in the UK blockchain ecosystem, despite the ‘crypto winter’
- 4 years 6 months ago
- Blockchain
New research released today from venture capital fund MMC Ventures, shows that while 2,700 blockchain companies have been created in the UK since 2008, only 9% of these have been equity funded. Initial Coin Offerings (ICOs) had been the ‘go-to’ source of funding for blockchain companies until early 2018.
Interbank market sees live deployment of blockchain technology in reconciliation process
- 4 years 6 months ago
- Blockchain, Banking
Thirty-two banks in Italy have gone live with one of the first real-world deployments of enterprise blockchain technology in interbank financial markets. The Spunta Banca DLT app for interbank reconciliation has been built by the Italian Banking Association, ABI, on R3’s Corda Enterprise platform. The traditional reconciliation process for interbank transactions in Italy—formerly governed by the spunta process is notoriously complex.
SCB Partners with Ripple Extending SCB Global Payment Strategy
- 4 years 6 months ago
- Blockchain, Transaction Banking, Payments
Siam Commercial Bank (SCB) today unveils its global strategy for cross-border payments, and the launch of Outward Remittance Service via SCB EASY developed in partnership with Ripple, the enterprise blockchain solution for global payments. Following approval to exit the Bank of Thailand (BoT) regulatory sandbox, SCB is now launching a new Outward Remittance Service via SCB EASY to its retail customers across Thailand.
SIA Launches the Blockchain Infrastructure For ABI’s New Application “Spunta Banca DLT”
- 4 years 6 months ago
- Blockchain, Infrastructure
SIA has launched the blockchain infrastructure to enable the "Spunta Banca DLT" application, the initiative promoted by ABI (Italian Banking Association) and coordinated by ABI Lab, which allows the reconciliation of reciprocal accounts among Italian banks through the use of Distributed Ledger Technology.
ADIB is the first Islamic Bank to use Blockchain technology for trade distribution
- 4 years 7 months ago
- Blockchain, Islamic Finance
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has become the first Islamic bank to successfully execute trade finance distribution transactions using Blockchain technology. The cross-border transactions, which were completed with multiple based banks, were made possible through ADIB's partnership with TradeAssets, a trade finance e-marketplace powered by Blockchain technology to help digitize the traditional processes... more
Qadre launches new brand to demystify blockchain
- 4 years 7 months ago
- Blockchain
Qadre, a high-growth fintech trusted by leading institutions to deliver certainty with blockchain technology, today launched its new brand that aims to demystify blockchain and drive increased understanding and practical applications of the technology in financial markets.
VAKT ecosystem expands commodities inspection services with Intertek
- 4 years 7 months ago
- Blockchain
AKT, the company re-imagining commodity post-trade processing underpinned by blockchain, has partnered with leading total quality assurance provider, Intertek, to bring its first-class commodity testing, inspection and certification services to the platform. Intertek joins an ecosystem that already includes some of the world’s largest commodity trading companies, CTRM systems, inspection and paperless trade services. Day by day, the VAKT vision... more
Lendonomy selects Neonomics to build Norway’s very first PSD2 crowdlending solution
- 4 years 7 months ago
- Blockchain, Lending, Open Banking
Lendonomy, a Norwegian fintech startup that is developing a blockchain-based “Airbnb for lending” targeting GenZ, and Neonomics, a leading provider of open banking APIs have announced a new partnership agreement. The solution enables Norwegian customers of Lendonomy to instantly and securely lend and borrow small amounts of money to and from each other with payments powered by the Neonomics open banking API. The partnership is the first... more
Smartlands Launches Private Stage of Equity Crowdfunding Campaign on Seedrs; Early Birds to Receive Exclusive Golden Smartee Co-Owner Payment Card
- 4 years 8 months ago
- Blockchain, Crowdfunding
Global blockchain-based investment and digital banking ecosystem Smartlands, has today launched a funding round on Seedrs to sell 2.53% of equity stake at a pre-money valuation of £15,400,000. Currently in private mode, early investors in the campaign will get priority access to this investment opportunity and receive a unique golden Smartee co-owner payment card - a Smartlands-powered digital banking-like service that will offer exciting... more
DeeMoney Partners with Ripple to Power Faster and Cheaper Cross-Border Money Transfers
- 4 years 8 months ago
- Blockchain, Payments
DeeMoney, a fintech company based in Thailand specializing in digital cross-border money transfers, today announced its platform is now processing live transactions, in partnership with Ripple, the enterprise blockchain solution for global payments.
Manx Telecom and Minima Complete Successful Blockchain Proof Of Concept To Show Future of Payment
- 4 years 8 months ago
- Blockchain
Minima, the world’s first truly decentralised Blockchain protocol that runs in full on mobile phones, announces the completion of a successful proof of concept with the Isle of Man based mobile operator, Manx Telecom. The trial saw Manx Telecom send tokens on Minima’s blockchain, from one phone to another, granting network access without touching any of the operator’s existing billing systems.
Smartlands Receives “Best Crowdfunding Platform 2020” Award from FinTech Breakthrough Awards
- 4 years 8 months ago
- Blockchain
Smartlands is excited to announce that Smartlands has received the “Best Crowdfunding Platform” Award from the FinTech Breakthrough Awards that recognises the top companies and products in the financial services and technology industry today.
Standard Chartered joined digital shipping platform TradeLens
- 4 years 8 months ago
- Blockchain, Banking
Standard Chartered Bank has joined TradeLens, a blockchain-enabled digital container logistics platform, jointly developed by A.P.
Crypto Exchange Tech Firm AlphaPoint Raises $5.6m
- 4 years 8 months ago
- Blockchain
Crypto-focused exchange software provider AlphaPoint has raised $5.6 million in new funding from unnamed sources. Launched over six years ago, AlphaPoint provides while label full-stack software for cryptocurrency exchange operators as well firms looking to create and manage security tokens using blockchain. The firm has powered over 150 customers across 35 countries, serving over a million end-users and enabling 100 million annual trades across... more
