Blockchain

Axis Bank, one of India’s largest private-sector financial institutions, has reportedly become the first bank in the country to partner with Ripple for a blockchain-powered approach to cross-border payment.

The Society for Worldwide Financial Telecommunication is exploring the potential of distributed ledger technology for banks to provide real-time reconciliation of their databases for accounts they hold in other banks in a foreign currency.

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Two clients of French bank BNP Paribas processed and cleared several live payments over the bank’s Cash Without Borders product.

The blockchain startup Axoni has raised $18 million in a Series A funding round led by Wells Fargo and Euclid Opportunities, the fintech investment business of the interdealer brokerage ICAP.

In the headlong rush to revolutionize modern finance, blockchain enthusiasts are overlooking one potentially costly problem: their applications, built on open-source code, may actually belong to someone else.

When the financial services industry started paying attention to blockchain technology, many companies, seemingly as a reflex, sought patent protection for their ideas.

Sudden jolts in the currency market may be becoming more frequent, with at least three flash crashes over the course of 14 months. But there is some hope in finding out their causes more quickly.

Deloitte is looking to diversify beyond its "bread and butter" of professional service firms.

One of the earliest bitcoin companies, Circle has attracted several rounds of investments and is beginning to diversify its strategic focus.

Stellar, a Silicon Valley-based non-profit organization and blockchain platform that connects banks and payments systems, has gone global with partnerships in India, the Philippines, Africa and Europe.

While there are a handful of payment pilots underway, the real benefit of blockchain for banks is a long-term proposition--and most early projects will be internal.

The bank consortium R3 CEV has released its Corda platform as open source to encourage innovation and interoperability in the industry's development of blockchain technology.

The Spanish banking giant Santander has withdrawn from the bank consortium R3 CEV, becoming the second defector from the blockchain group this week after Goldman Sachs.

Platforms designed for face-to-face or paper transactions may not be the best enabler of payments through connected devices, but a system born out of the digital payments world could fare better.

Open source development has joined blockchain technology in a bid to take a bite out of banks' long-standing control over the international payments market.

The technology behind bitcoin has almost endless use cases.

The card network will test a new business-to-business payment service powered by the tech beyind bitcoin.