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Blockchain in Banking and Financial Services

This group is to share any information related to enterprise wide Blockchain technology adaption in different Banking Financial Services sub-domains.

Jesse Chenard

Jesse Chenard CEO at MonetaGo

It’s time for financial services to embrace long-term digitization of Anti-Money Laundering systems.

Fraud is an age-old problem that has plagued every industry since businesses began trading. It takes many forms and guises and is a constantly evolving threat, as the perpetrators adapt to the ever-changing business environment they seek to disrupt. Perhaps one of the most well-known examples of fraud is money laundering. On one end of the spectr...

/regulation /crime

Ivan Kot

Ivan Kot Solution Consultant at Itransition

6 Use Cases for Smart Contracts in Decentralized Finance

While many people still view cryptocurrency with some scepticism, the use of blockchain within certain industries and for specific processes has gained general acceptance. One of the offerings of blockchain that has attracted much hype is Decentralized Finance (DeFi). While the adoption of DeFi has not reached the heady heights that were predict...

/security /payments

Ivan Kot

Ivan Kot Solution Consultant at Itransition

Smart Contracts in Real Estate: Still Room for Perfection

Smart contracts have been making waves since the inception of the technology on the blockchain platform Ethereum. They are now used in the number of industries but haven’t fully lived to the hype. In this article, we are figuring out what challenges prevent smart contracts from widespread adoption in real estate transactions, particularly those re...

/security /payments

Bo Harald

Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData

Public-private not-for-profit network for verified data needed in all countries

Why, how and what described in the somewhat busy picture below. It works well as animated and walked through. But I will try with some brief points here: Why? The goal is to remove friction from the economy. Friction caused by paper, not real-time, lack of trust in counterparts and data, unstandardized data, need to search for data from many source...

/retail /identity

Hirander Misra

Hirander Misra Chairman and CEO at GMEX Group

Will Malaysia become a Digital Financial Services Hub?

Early adoption will be a key differentiator in the race to lead SE Asia in digital asset exchanges - offering services such as the primary listing of securities, listing of alternative assets and secondary-market trading of security tokens and cryptocurrencies. Distributed ledger technology is bound to revolutionise capital markets so that conventi...

/crypto /markets

Hirander Misra

Hirander Misra Chairman and CEO at GMEX Group

ARE STOs GOING TO BE THE NEXT BIG FINTECH THING?

The current crisis has increased the need for accelerated automation that would lead to increased efficiency, reduced costs and, counterintuitively, increased revenues. This can only come from a paradigm shift. Distributed ledger technology (DLT) is undoubtedly revolutionising capital markets. It is, however, important to cut through the hype and b...

/crypto /covid-19

Jeremy Light

Jeremy Light Co-founder at Fourdotzero

The Future of Money and Payments

1200 words, 4.5 minute read Central bank balance sheets are ballooning the world over, and in parallel, adoption of shared ledgers using blockchain is accelerating. These major shifts indicate the global architecture for money and payments is on the cusp of structural change. Blockchain analysis and debate are dominated by a focus on cryptocurrenci...

/payments /crypto

Paul Hampton

Paul Hampton Security Expert at Thales

Revolutionising financial services one blockchain at a time

The financial industry is one of, if not the most regulated industries in the world. As such, while innovation may appear to be on a smooth road in other sectors, to many the financial world can be viewed as a little slow to the party. However, while the industry can be cautious and rightly so given the role it has in society, innovation is by no ...

/security /regulation

Hirander Misra

Hirander Misra Chairman and CEO at GMEX Group

The digital asset inflation hedge beyond gold

The extent of money supply increases needed to facilitate stimulus packages by sovereign central banks to counter the negative effects of the current crisis will dictate the inflationary pressures that ensue. Current world currencies are driven in a large part by expectation value and when confidence wanes there is a flight to alternative stores o...

/crypto /covid-19

Payson Johnton

Payson Johnton CEO and Co-Founder at Crowdz

Banks are Moving Away from Supplier Finance and SMEs are Scrambling; Is Blockchain the Solution?

The world is becoming increasingly globalized, and despite the benefits of a better connected global economy and supply chain for businesses both small and large, banks seem to be pulling away from what was once a mainstay of their regular operations: supplier finance. As someone with their ear to the ground in the supply finance space, this has b...

/startups /covid-19