Blockchain

The technology can help to speed processing, and the number of banks investing in the technology is expanding rapidly.

Some say 2017 is a make-or-break year for the recordkeeping technology spawned by bitcoin. According to a survey released Thursday, most executives in financial services and IT are putting their money on "make."

The National Bank of Abu Dhabi (NBAD) has introduced real-time payments leveraging blockchain technology from Ripple, providing a new approach for the bank’s UAE-based customers to send and receive payments across borders.

Cambridge Blockchain, a startup that bills its technology as a solution for banks to the competing regulatory imperatives of transparency and privacy, has raised $2 million through a convertible note.

The bank's next big challenge is to find a place where the emerging technology best fits its needs.

American Express has signed on to the Hyperledger Project, a industry group of more than 100 members developing blockchain technology for corporate use.

In time, more large institutions will realize that closed, centralized blockchains aren’t any better than the databases now in use.

The initiative pushes open and collaborative development of uses cases for the distributed ledger technology in financial services and payments.

Alipay's deal to buy MoneyGram for $880 million may be the centerpiece of its strategy to expand beyond China's borders, but it's not its first move in recent months. The Alibaba payments affiliate has already extended its reach in several other ways.

Chinese's largest online payments company to get a footprint in the U.S.; Believers in blockchain bemoan the lack of global cooperation.