News Topic: Blockchain

Crypto exchanges are adopting anti-fraud surveillance tools as they attempt to root out pump-and-dump schemes, insider trading and bogus orders. ... Read full article

Mike Cagney, the former embattled chief executive of Social Finance, has a new startup that plans to announce a $65 million funding round on Wednesday, bolstering the lending company's expansion into other financial services, including wealth ... Read full article

If verdict stands, it could raise ceiling on anti-laundering penalties; better-than-expected results buy Barclays chief more time on current strategy. ... Read full article

Flaws in testing may be real source of Wells Fargo's tech failure; BB&T-SunTrust deal throws talent and deposits up for grabs, threatens banking's middle tier; what JPMorgan Chase's JPM Coin means for Ripple and Swift; and more from this ... Read full article

The JPM Coin will be used to expedite payments transfers for its corporate clients; customers of Spain’s largest retail bank will be able to withdraw cash without entering a PIN. ... Read full article

JPMorgan is prototyping its own digital currency to be used for cross-border payments and, later, other purposes. Will banks find this a palatable alternative to today's most well-known options? ... Read full article

JPM Coin is not meant for consumer payments, but rather is a specific technology for a specific use case that the bank controls. Its value comes not from JPM Coin's appeal, but from JPMorgan's titanic wholesale payments business. ... Read full article

JPMorgan Chase successfully tested a cryptocurrency it plans to use in trials for clients of its wholesale-payments business. Dubbed JPM Coin, it's based on blockchain technology, the bank said Thursday in a presentation on its website. ... Read full article

The automaker's finance arm joins Avant, OnDeck Capital and SoFi in the system, which is designed to help verify loan applicants' identities. ... Read full article

Swift is showing more swagger in its rivalry with Ripple thanks to progress it has made with a multifaceted payments-tracking technology called GPI. ... Read full article

Facebook is inching closer to threatening traditional processors and financial institutions with its own digital currency by adding staff with expertise in the underlying technology. ... Read full article

Spring Labs is spearheading a group of prominent fintech lenders to use a blockchain-based, peer-to-peer network to share consumer information to help with ID verification on loan applications. ... Read full article

Data scientists from NASA, Google and hundreds of other places are working for financial firms in their spare time. Is this a good idea? ... Read full article

Canada needs to embrace digital identification to "unlock the full potential" of banking and the economy, Canadian Bankers Association Chief Executive Officer Neil Parmenter said. ... Read full article

The bank missed expectations although profit rose 67%; with the California Democrat leading the House Financial Services Committee, deregulation could slow. ... Read full article

Despite controversy surrounding Ripple’s digital token, one bank is pushing forward to use it in cross-border payments. ... Read full article

Its early days yet, but decentralized apps will democratize finance, says Andrew Keys, cofounder of ConsenSys Capital, the financial services arm of ConsenSys. ... Read full article

The industry has largely avoided added federal oversight after the Equifax hack; the product has created a “financial albatross” as consumers game the system. ... Read full article