#financial services News

Tech Mahindra official whiteboard showing blockchain and finance services connecting

Tech Mahindra Launches Blockchain Based Financial Management Suite

September 3, 2019 by Ashwath Balakrishnan at Blockchain

Indian IT stalwart Tech Mahindra has partnered with smart contract deployment platform Adjoint in a bid to launch the industry's first-ever integrated financial management and insurance blockchain, as per CommsMEA, September 2, 2019. The platform is expected to reduce the cost of risk management while eradicating the nuisance of data...

Blockchain Technology Flying around earth like superman

Research: Global Financial Services Executives Believe Blockchain is Essential

July 23, 2019 by Ogwu Osaemezu Emmanuel at Business

Nine out of ten global executives in the financial services and insurance industry (FS&I) believe in the need for transformational digital change through the use of distributed ledger technology (DLT) and artificial intelligence (AI) amongst other new technologies. They say these innovative technologies are needed to stay ahead of the...

The Apple Credit Card Is Coming: Will It Change The Payments Sector?

May 1, 2019 by Neil at Business, Finance, News, Tech

It is hard to deny the power and influence of Apple, a tech giant that has previously reached a trillion dollars in market capitalization. Apple is also considered the most valuable brand in the world according to a recent Forbes study, hence the significance of its latest announcement on April...

Ford, GM, BMW and Others are Jointly Developing Blockchain-Powered Vehicle History PoC

State Farm Catches Blockchain Fever, Trials DLT for Auto Claims Subrogation

December 12, 2018 by Aisshwarya Tiwari at Altcoins, Blockchain, Business, Ethereum, News, Platform, Tech

State Farm, a large group of United States-based insurance and financial services firms offering automobile insurance products, loans and more, has announced on December 10, 2018, that it’s testing a distributed ledger technology (DLT) based solution that could help speed up the subrogation process for auto claims. Blockchain for Faster...

Issuing BitLicense Boosted Business Says Head Of New York Finance Services

Genesis Global Trading Joins the League of Bitcoin Businesses Granted New York BitLicense

May 21, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News, Regulation

Genesis Global trading, a reputable cryptocurrency brokerage that services institutional investors and high caliber bitcoin investors have finally succeeded where many firms have failed. The Digital Currency Group-backed firm is now one of five crypto-related businesses to have been granted the New York BitLicense, the others being Coinbase, bitflyer, and...

Coins.ph, Southeast Asia’s Leading Blockchain Financial Services Platform, Gets $5 Million from Naspers

June 2, 2017 by Evan Sixtin at Bitcoin, Business, Finance, News

C‌oins.ph, a mobile bitcoin-based financial services platform operating in the Philippines and Thailand, has raised $5 million in a Series A extension led by Naspers Ventures, a division of Naspers Group, one of the largest technology investors in the world. Naspers is a global internet and entertainment group based in...

Could Brexit Force Further Fintech and Cryptocurrency Innovation in the UK?

April 24, 2017 by Alex Lielacher at Altcoins, Bitcoin, Business, News, Regulation

The United Kingdom has relied on its financial services industry to drive economic growth for decades. However, in light of the British population’s vote to leave the European Union and, thereby, potentially lose the access to the European Single Market, the UK’s status as Europe’s leading financial hub may wane....

A Cost-Benefit Analysis of Using Smart Contracts in Banking

April 14, 2017 by Alex Lielacher at Business, Ethereum, News, Tech

Smart contracts are one of the most talked about new technologies in financial services today. Blockchain-based smart contracts can be used for two or more parties to electronically agree on terms and conditions of a contract involved in a financial transaction. In the case of banking and financial services, the...