News Topic: Blockchain

Software firm MonetaGo and three Indian factoring exchanges have launched a blockchain that can identify invoices that have already been loaned against. ... Read full article

A BankThink argues that Treasury's GSE cash infusions are just the return of stolen money; MUFG wants its Union Bank to be one of the nation's 10 largest; fintech promises a 30-minute mortgage; and more. ... Read full article

Becoming a member Hyperledger fits Ripple’s ideal of allowing different blockchains or distributed ledgers to communicate with each other. ... Read full article

A startup called Spring Labs has launched a blockchain network with the goal of getting lenders and data providers to share data to help verify customers' identity. ... Read full article

Governments are studying ways blockchain can safeguard property records and simplify how they get tracked. ... Read full article

JPMorgan Chase is said to be dropping its Quorum blockchain technology, and little is happening with other blockchain projects that have been in the works for years. What gives? ... Read full article

Luckily for Amazon, the OCC is no longer “the angry dad on the porch with a shotgun," trying to keep tech companies from hooking up with banks. JPMorgan Chase’s Amber Baldet can pack a room for a lesson on blockchains. And it is the end of catcalls in ... Read full article

The bank said it won’t do business with clients who sell guns to minors or those who fail background checks; JPM, B of A and Wells now hold nearly one-third of U.S. deposits. ... Read full article

The new law, which is modeled on a similar effort in the United Kingdom, aims to lure financial firms to the desert. It has drawn support from business organizations but opposition from consumer groups — a dynamic that is likely to be replayed in other ... Read full article

Employees at the second-largest Indian bank falsified documents in a scheme that ultimately cost the institution at least $2 billion. Some argue a distributed ledger would have helped prevent or minimize the fraud. ... Read full article

The bank’s distributed ledger for private equity deals can now provide nodes to auditors, so they can easily access documents and data for their annual reviews. ... Read full article

Federal Reserve warns that nonbank lenders pose risks to the financial system; Swift says the technology needs more work. ... Read full article

State-level support will give the digital assets industry much needed footing, said Caitlin Long, a former managing director at Morgan Stanley. ... Read full article

Banks are putting the concept of securities lending on a blockchain-inspired platform to the test. ... Read full article

Process would protect taxpayers from bailing out failed banks; bank plans to raze its midtown Manhattan headquarters and build a 2.5 million sq. ft. edifice on the site. ... Read full article

Momentum is continuing unabated for blockchain projects and initial coin offerings (ICOs) as the potential for blockchain continues to be realized. ... Read full article

As they cement major partnerships, launch overseas operations and court banks and other institutional investors, top cryptocurrency exchanges now see regulatory approval as a competitive advantage. ... Read full article

Banks scrapped a plan to create a shared data bunker for customer data in favor of a backup buddy system. Some argue a move to blockchain should be next. ... Read full article