The decision follows two years of testing and is among’s the first attempts to use blockchain to clear a major asset class.
The consortium, called ALGO, will enable Islamic member banks to create fintech solutions in a cost-effective and fast manner.
AI is making a big splash in CFO offices. Where will its promise of efficiency have the greatest impact?
The post-Sibos consensus is that collaborating as partners yields better results in developing technology than battling as competitors.
Job-data analytics firm Burning Glass Technologies also found a 115% increase from last year in postings for blockchain developers.
Jalak Jobanputra, founding partner of Future\Perfect Ventures, an early-stage venture-capital fund, visited Global Finance to discuss the state of fintech, the future of blockchain and digital currencies, and how corporations can extract more value from such technology.
Banks and fintech companies often work on a symbiotic basis by bringing new technologies and algorithms to legacy institutions.
The fintech sector is heating up across sub-Saharan Africa. Foreign investors are paying close attention and providing start-ups with the capital needed to get off the ground.
The likes of Burger King in Russia have issued Whoppercoin, a cryptocurrency that enables customers to buy a signature Whopper burger.
Initial Coin Offering (ICO) that raise funds using digital currencies have come under regulatory fire in recent times.
Northern Trust's Peter Cherecwich fields our questions about how data is impacting the custody business.
For the 200,000-plus victims of the WannaCry ransomware attack, a short period of blame was replaced by awareness of the reality that complacency creates vulnerability.
The Asia-Pacific region surged past North America for funding of fintech enterprises in 2016, due to blockbuster China deals.
The “digital revolution” has been famously disruptive in retail, but in banking it seems finance firms are seeking more cooperation with technology.
The cryptocurrency Bitcoin was the first working example of a blockchain, or distributed ledger, but important as it has become, it barely begins to explain why banks, regulators (including central banks) and tech firms are all over this technology.
The world of fintech is littered with its own terminology. We explain some of the more widely used terms.