Over the summer, a small tech startup named Tezos managed to bring in $232 million online in a wildly successful “initial coin offering.” But, as summer has given way to fall, it seems a backroom brawl over control of the company may be at risk...
Between hurricanes, wildfires and the political uncertainty everywhere, the world has looked a little bleak lately. However, we have not come to bum you out on a Saturday. Quite the contrary. We have come to spread the goods news of the latest financial services innovation. We are,...
The results are in for an early proof-of-concept test at Swift with six of the cooperative’s member banks. By all indications, it seems the DLT application can deliver the business functionalities and data richness required to support real-time liquidity monitoring and reconciliation. Proof of concept...
Digital currency is serious business, according to the IMF — and it is time for the world’s banks and banking regulators to get serious about it. “I think that we are about to see massive disruptions,” IMF Managing Director Christine Lagarde told CNBC on the sidelines...
Seven big European banks have selected IBM to build their blockchain-based platform with a goal of making trade finance transactions simpler and more streamlined for SMBs. HSBC and Deutsche Bank are among the very recognizable names in banking signed on with IBM. Société Générale, Natixis,...
Goldman Sachs and Baidu-backed blockchain startup Circle have launched an international online money transfer service. The new offering will allow American and European consumers to send funds back and forth instantly and for free. The Boston-based firm says the service wants to tear down national borders...
With President Trump’s claim of voter fraud on a massive scale in the 2016 presidential election, it may be time for the country to rethink its voting process. This isn’t the first time that there have been issues with voting in the United States — or wild...
The blockchain has a problem — it is really, really backlogged. As bitcoin has gotten more popular, the number of people trying to use it has grown, and along with it the number of transactions on the good old blockchain technology that underpins bitcoin. The...
Setting and sticking to a budget can be difficult for anyone — and it’s even more so for the government. Given the fact that governments can be impacted by myriad factors at any time, they need to have a solid financial management system in place. What...
