Blockchain

Blockchain's potential for revolutionizing the world’s payment systems has captured the imagination in recent years, and last month Santander became the U.K.'s first bank to use the technology to create a new international payments service.

Fintechs attending Consensus 2018, the annual cryptocurrency event, said they found promise for a market still trying to find a path to unified operations and wider acceptance within financial services.

JPMorgan and Santander show off their uses for the technology; commercial and industrial loans outstanding are rising.

Circle Internet Financial says it is now worth $3 billion following latest funding round; proposed changes would give banks more leeway to make some trades.

Even with the world’s best known virtual currency down more than 50 percent from its record high, thousands of advocates are expected to descend upon New York in what’s been dubbed Blockchain Week.

Marcus unit will start taking deposits in the U.K. next month; the bank uses the technology to complete a trade finance letter of credit for Cargill.

Robotics and automatically triggered transactions will pressure how data is collected and made trustworthy enough to be actionable, according to Raphael Davison, worldwide director of blockchain for Hewlett Packard Enterprises.

Blockchain's decentralized model can help avoid the "insiders-only" tendencies of centralized markets while distributing risk, contends Donika Kraeva, strategic communications manager at Dentacoin.

The banks contend distributed ledger technology (DLT) makes it easier to coordinate trade finance deals. And the use of smart contracts can help parties comply with contractual obligations such as staged payments.

Gary Cohn, the former director of the White House Economic Council, said he's still weighing options for his next role but one possibility is a digital bank.

Bank agrees to pay $480 million to investors related to the phony accounts scandal; Daniel Tarullo’s Fed departure called a turning point on oversight.

One woman's legal battle of more than a decade could develop into one of the biggest gender discrimination lawsuits to hit Wall Street. Bank of America faces a complaint after its sexual harassment ouster, and loses another top female executive. Plus, lots of tech initiatives.

A federal judge ruled three business associates of a financial technology company are likely to lose at a trial over government accusations that they sold unregistered stock in the firm after a rally linked to cryptocurrency.

The distributed ledger technologies CUSO has partnered with Hedera Hashgraph as part of its effort to reach 1 million users by the end of 2018.

World Council officials said CULedger has “successfully demonstrated a working proof of concept around a decentralized digital identification” for call center authentication.

A Delaware company's plotting to use blockchain to blow the lid off of supply chain inefficiencies and be the main catalyst behind Asia's burgeoning open markets and electronic payments initiative.

Mike Cagney, who built SoFi into America's biggest student loan refinancer before quitting amid allegations of sexual harassment at the fintech firm, is preparing for his second act: a startup offering home-equity loans.

In addition to changing the name of the Consumer Financial Protection Bureau, the acting director wants to also nix public complaints; the good, bad and ugly in Zelle's ascendance; a case study for digital outage recovery; and more from this week's most-read stories.

The future of blockchain is still unclear, but what is clear is that it is set to improve the aviation industry as a whole. And those who are the early adopters will have the greatest opportunity to influence the changes it will bring, writes Gediminas Ziemelis, chairman of the board of Avia Solutions Group.

The Florida-based CUSO is the latest to sign on with the distributed ledger technology scheme for credit unions.