Distributed ledger technology

Avanti got a bank charter. Here’s what's next on its agenda.

11/05/20

Founder Caitlin Long says the blockchain bank plans to issue a virtual currency and help hedge funds and family offices trade digital assets now that it has a special-purpose banking charter in Wyoming.

[more]

JPMorgan Chase reorganizes blockchain units

10/28/20

After selling the rights to its Ethereum-based technology, the bank is rebranding a venture related to cross-border payments and creating a new umbrella group to oversee all blockchain-related efforts.

[more]

BofA adapting consumer tech for use with corporate clients

10/15/20

Bank of America is applying a familiar arsenal — including APIs and its popular virtual assistant, Erica — to online business banking, cross-border payments and cash management in an effort to modernize those services.

[more]

ConsenSys acquires JPMorgan’s Quorum blockchain technology

08/25/20

The bank will outsource future development of Quorum to the software firm.

[more]

Mike Cagney launches blockchain for loan trading. Will banks go for it?

08/25/20

The former SoFi chief’s latest startup, Figure, has created what it says is a transparent marketplace for buying and selling assets. Some banks have embraced the technology, but other blockchain projects have stalled because lenders don't want rivals to see their data.

[more]

OCC weighing major changes to its technology framework

06/04/20

The agency sought industry feedback on a host of potential changes to ensure that rules are “sufficiently flexible and clear in light of the technological advances that have transformed the financial industry over the past two decades."

[more]

A blockchain breakthrough at Credit Suisse. Will other banks follow?

03/04/20

An innovative approach to settling trades pioneered by the bank and the tech firm Paxos Trust could start a wave of real-life use of distributed ledgers on Wall Street.

[more]

Bitcoin, despite its ups and downs, had a monster decade of growth

12/31/19

The largest digital token has posted gains of more than 9,000,000% since July 2010, according to data compiled by Bloomberg.

[more]

Credit union blockchain ID pilot could benefit small banks too

12/17/19

A new system uses biometrics and distributed ledger technology to safeguard call centers from identity theft attacks.

[more]

How alleged Asian crypto scam became headache for Comerica, Mastercard

10/09/19

A digital currency firm has been accused of recruiting actors to pretend to be Comerica and Mastercard employees, writing a fake prospectus and taking other steps to make it look like the two U.S. companies were its partners in an investment venture.

[more]