Tag "blockchain technology"

Blockchain Use Cases in Financial Services

Blockchain has become a buzzword in the financial services industry, attracting billions in venture capital investment from some of the largest firms across the financial services landscape. Originally developed as the technology underlying Bitcoin, blockchain has quickly risen to fame

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Blockchain to Bring Financial Inclusion, Provide Low-Cost Financial Services

Blockchain technology has the potential to bring financial inclusion to the world’s 2 billion unbanked by providing low-cost banking and financial services, reducing risk and enhancing financial innovation. Blockchain technology refers to a protocol that allows peer-to-peer transfer of assets

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Blockchain Startup Bluzelle Eyes New Blockchain Markets With KPMG Digital Village Partnership

Bluzelle Networks, a Singaporean company specializing in blockchain applications for the financial services industry, has been named as an Emerging Star in KPMG and H2 Ventures’ notorious Fintech 100 list. The company plans to tap into new markets with its partnership with

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Singapore Fintech Festival Round Up: Key Announcements And Partnerships; All you have to Know

The inaugural Singapore Fintech Festival, a week-long event organized by the Monetary Authority of Singapore (MAS) in partnership with The Association of Banks in Singapore (ABS), was one of the biggest fintech events ever organized, drawing over 10,000 participants from

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MAS, R3 and Financial Institutions Experimenting with Blockchain Technology

The Monetary Authority of Singapore (MAS) announced that it is partnering R3, a Blockchain technology company, and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using Blockchain technology. This project could potentially avail a payment

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First Bank in SouthEast Asia To Use Blockchain Technology For Payment Services

OCBC Bank has become the first bank in Southeast Asia to use blockchain technology in its local and cross-border payment funds transfer services. The use of a payment blockchain solution will see increased efficiency, transparency and security as well as

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Digital Village Singapore: Interview With KPMG’s Lyon Poh And Jan Reinmueller

Launched earlier this year, Digital Village is an initiative of KPMG aimed at stimulating collaboration between corporates and the startup community. KPMG Digital Village works as a platform connecting firms that are looking to innovate as well as potential investors,

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Blockchain To Cause A ‘Profound Technological Shift’ In Banking, Insurance, And Beyond

Poised to transform the financial sector by increasing efficiency, transparency and security, blockchain technology could reduce banks’ infrastructure costs by US$15 – 20 billion per year by 2022, an opportunity that all major banks and financial institutions are eager to

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SWIFT and Accenture Identify Key Factors for Blockchain Tech Wide Adoption

Although blockchain holds many promises for the financial services industry, the technology will need to overcome many challenges before reaching wide adoption, according to a new paper by SWIFT and Accenture. The paper, which aims at formalizing SWIFT’s position on

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DBS Bank Report: Blockchain Technology to Unlock Southeast Asia’s Potential

The most transformative blockchains will be those that can work across geopolitical boundaries and Southeast Asia has the most potential that can be unlocked with this technology, according to a new report by DBS Bank. “Asia’s geopolitical context is unique

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