Blockchain in financial services

Blockchain is disrupting the financial services sector worldwide among industries, financial institutions and organizations.

Making sense of digital assets

Bitcoin, tokens, Ethereum, and stable coins oh my! These are a few names and phrases you may frequently hear when attempting to understand the emerging digital asset class. CNBC now lists the price of Bitcoin on its ticker but what does it all mean? And what are the differences? Finding clear cut answers on definitions […]

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Blockchain for managing judicial bonds and deposits

Complex business processes that involve hundreds of external partners, thousands of discrete events to be recorded and tracked, and millions in funds are excellent candidates for digital transformation using blockchain. Managing a portfolio of judicial bonds and deposits, also known as judicial guarantees, is one such process. Some countries, jurisdictions and court systems require companies […]

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The rising NFT tide lifts all tokens: So what is an NFT?

How can businesses absorb disruptive impact and begin to integrate these new business models in existing and new streams of business opportunity? NFTs have taken the world by storm. Rejuvenating the blockchain movement started by Bitcoin, followed by smart contract platform Ethereum, NFTs seem to be a natural progression in the explosion of asset tokenization, […]

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Blockchain and letters of guarantee

Paper-intensive financial instruments, especially those that require back-and-forth negotiations between parties, are ripe for digitization and blockchain. Add in the potential for fraud with paper processes, and the rationale for blockchain is even greater. The bank guarantee, or letter of guarantee, is just such an instrument. Bank guarantees facilitate doing business by adding trust to […]

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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 […]

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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 […]

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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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Blockchain to transform insurance value chain

The insurance industry at its core is built on the legal promise to pay a compensation in case of a loss. Trust is at the core of this promise. However, the level of trust consumers have on their insurance provider is average. The IBM Institute for Business Value (IBV) surveyed 1,100 business insurance executives in 34 countries […]

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Streamlining financial netting with blockchain

A process that is ripe for digitization and automation is financial netting, a way of consolidating or reconciling multiple payments between two or more parties to create a single amount due to each participant. It simplifies doing business and reduces risk. Banks do it. Securities, currency and other markets do it. Service providers, central exchanges […]

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