Tag: financial services

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 Auto Claims Subrogation In its bid to revolutionize its operations…

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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 Circle Genesis Cracks the BitLicense Hard Nut Thursday, May 17,…

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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 South Africa and operating in more than 130 countries. It…

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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. Is this for better or for worse regarding the crypto…

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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 applicability of smart contracts is very broad and ranges from…

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