Banking


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SEB: Blockchain Could Make Banks 'Radically More Efficient'

SEB, a Stockholm-based financial services firm with 1.7bn SEK ($202m) in assets under management, discusses the potential of blockchain tech.

SEB, bank

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Dutch Bank’s Innovation Chief Dismisses Bitcoin

The head of innovation at ABN Amro has said the Dutch state-owned bank wants to stay away from bitcoin.

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Chinese Auto Giant Wanxiang Plans $50 Million Blockchain Fund

Chinese conglomerate Wanxiang Group has announced it intends to invest $50m in blockchain technology to improve its product lines.

hangzhou

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Citi, HSBC Partner With R3CEV As Blockchain Project Adds 13 Banks

Thirteen additional major investment banks including Citi, HSBC and Bank of America Chase have partnered with distributed ledger startup R3CEV.

R3CEV

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Australian Bank Bitcoin Crackdown Could Fuel Startup Flight

A bitcoin business in Australia is eyeing banking opportunities abroad following a perceived crackdown from banks in the country.

sydney australia

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Bank of America Files Patent for Cryptocurrency Wire Transfer System

The USPTO has published a patent filed by Bank of America that seeks to protect a system for wire transfers using cryptocurrency.

Bank of America

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IPO and Insurance Projects Win £2,000 at Blockchain Hackathon

Two ideas aiming to disrupt IPOs and flight insurance came top at 'Hack The Block' this Sunday, bringing London FinTech Week to a close.

Hackathon FinTech Week

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TechStars MD: Banks are Embracing the Inevitability of Bitcoin

With bitcoin, banks are now embracing what many already feel to be "inevitable", according to TechStars managing director Jenny Fielding.

Flatiron building

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JPMorgan CEO Cautious on Blockchain Tech Despite New Partnership

JPMorgan CEO Jamie Dimon issued new remarks on bitcoin and the blockchain as part of today's Barclays Global Financial Services Conference.

Jamie_Dimon,_CEO_of_JPMorgan_Chase

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Global Finance Association BAFT Aims to Drive Bitcoin Awareness

BAFT, a global financial services association, is set to drive bitcoin and blockchain awareness with the launch of a new FinTech scheme.

bitcoin