With open banking and instant payments increasingly becoming mainstream, back-office enterprise reconciliation systems need to keep pace. Conventionally, transactions typically were processed in a batch mode and payments took hours, if not days, to process, clear and settle. Now, reconciliation and settlement cycles have been compressed. This puts tremendous pressure on any institution’s back office to support multiple intraday settlement cycles and reconcile data in near real-time ..read more

With open banking and instant payments increasingly becoming mainstream, back-office enterprise reconciliation systems need to keep pace. Conventionally, transactions typically were processed in a batch mode and payments took hours, if not days, to process, clear and settle. Now, reconciliation and settlement cycles have been compressed. This puts tremendous pressure on any institution’s back office to support multiple intraday settlement cycles and reconcile data in near real-time ..read more

IBM (NYSE: IBM) today announced that Bank of Thailand (BOT), the central bank, has successfully launched the world’s first blockchain-based platform for government savings bonds issuing a total of $1.6B USD within two weeks ..read more

HUB Security, a leading hardware cybersecurity solutions provider, announced today its collaboration with Marsh, the world’s leading insurance broker and risk adviser, to offer a unique insured storage solution that enables US-based financial institutions to securely and with confidence offer digital asset custodial services ..read more

Blockchain technology is now over a decade old. As the technology approaches the 12th anniversary of the publication of Satoshi Nakamoto’s Bitcoin white paper, it is clear that the technology has entered a new mature phase of significant development ..read more

CIOs should begin to embrace blockchain to explore strategic business initiatives, but avoid falling for the hype ..read more

Understand the 4 phases of blockchain evolution and explore potential business opportunities ..read more

Kraken has won approval for the creation of a new US bank, bringing the traditional financial industry and cryptocurrency market closer ..read more

As if the coronavirus crisis wasn’t enough of a challenge for organizations still printing, cutting and mailing paper checks, the ongoing slowdowns at the U.S. Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements ..read more

We are at the start of some big changes in the financial world, and by combining DeFi and CeFi the transition to the future would be faster ..read more