Fintech News

Hong Kong firms to launch blockchain trade finance solution

Two companies in Hong Kong are to launch a blockchain-based solution for trade finance lending over the coming weeks. Novamondo, a factoring company, has …

Fintech / 27-09-17 / by Finbarr Bermingham

R3 and TradeIX to build open account blockchain application

R3 has partnered with fintech firm TradeIX and 12 international banks to develop an open account trade finance platform powered by distributed ledger technology …

Fintech / 26-09-17 / by Sanne Wass

ICOs: the next goldmine for trade finance lenders?

An increasing number of non-bank lenders are looking to initial coin offerings (ICOs) as a source of funds for trade finance lending. ICOs – …

Fintech / 21-09-17 / by Finbarr Bermingham

Blockchain ready to disrupt insurance

The insurance industry looks set to be the next big beneficiary of blockchain technology, with a leading industry collaboration launching a prototype of its …

Fintech / 13-09-17 / by Sanne Wass

Tech giants pose bigger threat to banks than fintechs

Banks and insurers have more reason to be concerned about competition from large technology firms such as Amazon and Apple than from fintech startups, …

Fintech / 30-08-17 / by Sanne Wass

Singapore heavyweights team up on blockchain

Pacific International Lines (PIL), PSA International and IBM have agreed to collaborate on a blockchain proof of concept for supply chains. The memorandum doesn’t …

Asia / 23-08-17 / by Finbarr Bermingham

Food companies unite to advance blockchain for supply chain traceability

IBM and a group of leading food companies are taking a major step towards making food supply chains more transparent with blockchain technology. The …

Fintech / 22-08-17 / by Sanne Wass

HSBC and IBM develop cognitive trade finance tool

HSBC and IBM have developed a cognitive solution to automate and digitise trade finance documentation. The solution, which is already in use in Hong …

Fintech / 16-08-17 / by Finbarr Bermingham

R3 Corda reaches trade finance milestone

Thirteen global banks have built a prototype trade finance application on R3’s Corda platform, described by the consortium as a “milestone” innovation. The app, …

Fintech / 09-08-17 / by Finbarr Bermingham

Fintech startup brings blockchain and cryptocurrencies to invoice finance

New fintech startup Populous is introducing smart contracts, blockchain technology and digital tokens to the invoice financing space. Having raised more than US$10mn in …

Fintech / 09-08-17 / by Sanne Wass