News Topic: Blockchain

It is not startups but rather Silicon Valley’s biggest names that are best-positioned to compete with banks in the blockchain race. ... Read full article

Some banks seek to dominate the digital-identity business, but they stand to benefit even if their efforts fall short. ... Read full article

Cambridge Blockchain, one of many startups applying blockchain technology to customer-privacy and data-collection issues, is teaming up with LuxTrust to launch a new identity platform. ... Read full article

Stellar, which started as a splinter group from Ripple, has formed a for-profit company called Lightyear.io to help financial institutions integrate its software. ... Read full article

The roughly $2 million investment comes as banks keep joining (and in some cases, leaving) various distributed-ledger projects as they try to pick the winners in a young field. ... Read full article

Sovrin, a new blockchain for the creation and management of digital identities, may help credit unions save money and fight fraud while returning power to individuals. ... Read full article

Blockchain technology requires major change in people and processes and smaller banks need to prepare, according to Joe Dewey, an attorney at Holland & Knight and author of a new book about distributed ledger technology. ... Read full article

The bank has quit the R3 consortium, whose tech decisions were at odds with its own. ... Read full article

With an ever-increasing number of unsecured devices connected to one another, the potential for cyber-attackers to overwhelm any organization is a clear and present danger. ... Read full article

The global messaging network Swift and its fintech challenger, Ripple, have been vying for bankers’ hearts and minds for more than a year. Whoever prevails, their latest moves could bring needed change to how international banking is done. ... Read full article

Using a program built by Ripple, BBVA has transferred about 50 euro-denominated payments to Mexico from Spain in seconds. Such transactions normally take up to four days to clear, the bank said. ... Read full article

The blockchain-based platform, set to launch later this year, promises to make gold trading around the world faster, more transparent and safer. ... Read full article

Five banks and tech firms R3 and HQLAX are using distributed ledger technology to make it easier to transfer liquid securities and collateral. ... Read full article

Genpact's new platform promises to reduce the number of past-due invoices to less than 3% in most companies. ... Read full article

JPMorgan Chase & Co.’s head of new technologies has been hired by LendingClub Corp. as the peer-to-peer lending pioneer seeks to rebuild business following a scandal over its corporate controls. ... Read full article

Coordinators of a financial-industry backed blockchain project say they have successfully demonstrated that the distributed ledger technology can be used to syndication, trade and make payments on leveraged loans. ... Read full article

Blockchain Capital wants to raise $10 million by issuing its own digital token, a method the firm says is the future for startups, VCs and everybody else. ... Read full article

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. ... Read full article