Banking and financial markets

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

Digital assets, a new paradigm for financial services

I always know when interest in digital assets is heating up because everyone from my family, friends and colleagues, to the mailperson start asking me questions on how to get involved. You’re probably asking yourself; but why now? Bitcoin has been around since 2009. What’s so different this time? Well, the difference is regulators are […]

Continue reading

Blockchain and trade finance

According to the 2020 Global Trade Survey from the International Chamber of Commerce, trade and trade finance are in a state of global uncertainty, in part due to COVID-19. While many banks surveyed expressed concern over pandemic-related declines in trade flows and revenues, the survey also found that lockdowns and working from home are hastening […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading

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, […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading

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, […]

Continue reading