Banking and financial markets

Banks and financial institutions using blockchain in cash management and consumer lending, transforming online and cross-border payments processes.

Passport to innovation: Paving the way to mainstream blockchain adoption

Global payments giants, Visa, is actively ramping up its pursuit of embracing blockchain technology, but will this added brand power form a catalyst for more mainstream adoption? Blockchain is the driving force behind the development of cryptocurrencies. Without a distributed digital ledger, digital coins would be incapable of being the decentralized entities that they are […]

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Bank guarantees: Jumping from paper to blockchain

There is a genuine need to digitize the archaic process by which tenants, banks and landlords negotiate bank guarantees. When a retailer wants to lease a property to open a store, the landlord requires a bank guarantee that says, “You’re good for the rent.” To date, this process has been primarily paper dependent. Today, some […]

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The future of blockchain

In March 2010, Bitcoin had a value of less than a penny. Less than a decade later, each Bitcoin had a value of almost USD 20,000 and early investors were driving Lamborghinis. And while the excitement around Bitcoin will always be intrinsically tied to the price, its ubiquity drove blockchain, the technology that secures cryptocurrency, […]

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Blockchain and the unbanked: Changes coming to global finance

Cryptocurrencies may have become better known for their wild fluctuations and unwanted links to scams in recent times, but it’s worth remembering the potential that digital coins hold as a force for good. The world has over 1.7 billion people who have no access to any form of banking infrastructure, despite many of them having […]

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Anatomy of an intelligent blockchain trading solution

we.trade is a digital platform that helps buyers and sellers trade across borders in a new way. Powered by the IBM Blockchain Platform from the cloud, it ensures that traders can trust the other party and streamlines trading transactions. Why is we.trade needed? Without financial guarantees, trading with new partners creates huge counterparty risks. Would-be […]

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Nordea drives prosperity with a blockchain trading solution

At Nordea Bank, digital innovation means becoming more relevant to our customers. We’ve made good progress in this as a founding partner of the we.trade trade finance consortium. Powered by blockchain technology, we.trade connects buyers and sellers in a trusted, efficient digital ecosystem that streamlines trade across Europe’s borders. Transaction volume has grown quickly since […]

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When are stable coins useful?

Global payments revenue grew by 11 percent from 2016 to 2017, according to the McKinsey Global Payments Report, and is projected to grow a further 9 percent per year until 2022. Counter-intuitively, this can be partly attributed to the declining cost of payments, McKinsey says. As cheaper electronic payments continue to replace cash and cheque, […]

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Central bank digital currency explained

Cross-border payments play an important role in the global economy. According to the World Bank, in 2017, global remittances grew 7 percent to USD 617 billion. Based on the same report, sending just 200 dollars was 7.1 percent of the price, double the sustainable development goal target of 3 percent. Even in developed nations, it’s […]

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What is a central bank digital currency?

From bank hackers to a cashier giving you the wrong amount of change, the current financial system is wrought with both technical susceptibilities and human error. By using blockchain technology to build upon the current framework, a central bank digital currency (CBDC) could lead to improvements on the current payments system while reducing overall costs […]

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