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# banks News

January 29, 2019 by at Adoption, Blockchain, Business, News
A consortium of 11 big lenders in India, including the likes of ICICI Bank, HDFC Bank, and Axis Bank is set to launch the nation’s first blockchain-powered fund for small and medium-scale enterprises, reports Economic Times, January 28, 2019. Banking Giants to Help the SMEs through Blockchain Contrary to the...
January 10, 2019 by at Blockchain, Business, Finance, News, Tech
A recent survey by the Bank for International Settlements (BIS) found the majority of the world’s central banks are not too keen on issuing digital currencies at least for the next three years but 70 percent of them accepted that they are exploring with the idea of CBDCs in some...
December 13, 2018 by at Altcoins, Blockchain, Business, News, Platform, Tech
Brazil's Itaú Unibanco Holding bank and Standard Chartered have successfully concluded the development and testing of Latin America's first blockchain-based proof of concept for loans, ZDNet reported on December 11, 2018. Latin America Gets Its First Blockchain-Based Loan Platform It seems that the bear market that has persisted in the...
November 2, 2018 by at Blockchain, Exchange, Finance, News, Platform, Tech
HSBC, in partnership with Standard Chartered and ten other banks, rolled out a new blockchain-powered trade finance program called eTrade Connect on October 31, 2018. The new platform aims at removing unwarranted delays hampering the efficiency of international trade. Blockchain for Automating Trade Finance Process eTrade Connect builds on the...
VQF, a self-regulatory organization under FINMA, has approved Smart Valor, a blockchain-powered decentralized marketplace for tokenized assets, to conduct business in Switzerland as a financial intermediary, Reuters reported on September 5, 2018. Smart Valor to Launch Crypto Investment Platform Smart Valor, a Swiss-based blockchain startup that claims to be a...
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