Two major financial institutions – Citibank and Nasdaq, the stock exchange – wish to tackle liquidity issues in the private securities market. To do this they are leveraging blockchain technology from start-up Chain. According to the firms, a number of successful transactions have already been completed between Citi’s CitiConnect and Nasdaq’s Linq Platform. Adam Ludwin,…
IBM is providing the technology to allow Chile’s Santiago Stock Exchange to become the first stock market in Latin America to introduce blockchain. The solution will be used to manage securities lending in the short selling system. Short selling is where a company or individual “borrows” shares to sell while hoping to buy them back…
Cloud accounting vendor Xero continues to outperform the market with its latest results. The results are impressive even when compared to Xero’s previous results. They also show that Xero has hit a major milestone. The second half of last years results show that the company had positive cash flow. This will cheer investors as it…
Have you, or your enterprise, ever fancied your own currency? Want to throw away the pound, the dollar or even the euro? Your opportunity may have at last arrived. At least two businesses Chargepartner Network and Leaf Systems are going for it. “The decision of these startup organizations to use our Leondrino services to raise money and…
Lakeside Partners has launched Switzerland’s biggest blockchain start-up contest. The competition is aimed at the insurance industry and carries a top prize of US$100,000. The call for entries has gone out today and entries have to be in by July 30th. The jury will select the top 50 in September and reduce that to 10…
Salesforce has announced the launch of Financial Services Cloud Einstein. The announcement comes barely a year after Financial Service Cloud was launched in March 2016. Everything should be made a simple as possible, but not simpler – Albert Einstein The challenge for Financial Services Wealth management is one of those industries that to some degree has…
Singtel and Telkomsel have launched a real-time mobile remittance service to Indonesia. It is being delivered as part of the Singtel Dash brand. The service will allow users to send money to PT Pos Indonesia’s 4,000 cash-out points via Weselpos Instan. It is already possible to send money to Indonesian bank accounts. This new facility…
Distil Networks is reporting that over 1,000 of its customers are under attack from a new advanced persistent bot. The APB called GiftGhostBot is attacking gift card sites. Anna Westelius, Director of Engineering, Professional Services, Distil Networks disclosed the details in a blog. She says: “GiftGhostBot, automatically checks millions of gift card numbers to determine…
IBM And SecureKey Technologies are to deploy a digital identity and attribute network based on blockchain. The solution is aimed at making life easier for consumers to prove their identity and share personal data. This is not just about “who am I?” It is also about allowing consumers to share other data such as salary or earning…
Cryptocurrency Bitcoin continues to hit new heights driven by demand from China. With recent falls in the price of gold, Bitcoin is now worth more than an ounce of the precious metal. As of today the morning price fix of gold was set at $1,243.20 per ounce. A single Bitcoin is priced at $1,278.77. How…