Blockchain in Financial Services

Blockchain is a disruptor across many aspects of financial services.

Exploring possibilities to disrupt financial services through blockchain

There are over 85,000 financial cooperatives, or credit unions, worldwide. Unlike a bank, these cooperatives are non-profit financial institutions and exist to serve their members. Since these institutions are not-for-profit, their collaborative nature often causes them to work together to achieve the common goal of providing the best service to members, leading to the development […]

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Revolutionizing financial settlements in global wholesale telecom

Today, the most significant issue for global wholesale telecom carriers is financial settlements. In order to connect the calls between different countries, at least two carriers, but more likely no less than three carriers, are involved in the international supply chain using voice over internet protocol (VOIP) technology. Many of the participating international carriers are […]

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14 banks using we.trade for global trade finance, breaking down trade barriers for business

A shipment of 12 bottles of rare wine moves by truck from a small winery in France to a buyer in Spain. Twenty pieces of office furniture from the U.K. are sold to a German retailer and arrive two weeks later. Transactions like this happen daily, but for many small and medium businesses, the financing […]

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Global trade: The role of blockchain-enabled trade finance networks

We are in the fourth industrial revolution, according to the World Economic Forum, with the world’s economy changing shape rapidly since the internet came of age. From influencing consumer preference to meeting consumer demand in a timely manner — meaning, from notification of need to gratification of need — is now at the fore of […]

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Blockchain in the Philippines: Revolutionizing supply chain finance

Blockchain technology is poised to revolutionize businesses and change how society operates in the digital economy with an added layer of trust and transparency. It alters the paradigm of how multi-party transactions are performed by enabling a shared, immutable ledger for recording the history of transactions between counter parties in a business network. Around the […]

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Hold on tight, Bitcoin is on a roller coaster: Regulate it right

It seems as though every year during the fourth quarter, the value of the cryptocurrency market climbs to extreme mountaintops and plummets below the valley. Investing in cryptocurrency is not for the faint at heart. In fact, I stopped watching my holdings so closely. My poor heart can’t take it. Cryptocurrency, however, is more than […]

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Collateral damage over credits or security assets? Try blockchain

Access to credit fuels economies everywhere. Collateral boosts this access by providing credit lenders with an asset-backed security or trust in repayment of a loan in the event of default. When the integrity of this collateral is ensured, risk is reduced, interest rates are lowered, and economic growth is fueled. When the system breaks down […]

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Financial services and blockchain: Disruption on the trading desk

On an increasing number of trading floors, new sections are popping up. Past the commodities, foreign exchange, and futures desks, you might see a digital assets trading desk — the “crypto desk.” A few early players have had 9-to-5 crypto desks since 2015; others built 24/7 desks; still others are examining whether to start a […]

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Digital currencies: The next paradigm shift for my money

Why do I need a bank account to hold, manage or spend money? I really shouldn’t have to pay fees and service charges, especially since my money — everyone’s money — is the gas in the bank’s lending engine. But if I don’t have a bank account, how do I pay my bills? I often […]

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