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Texas-based Factom Inc, a blockchain technology company that secures data, said it has raised US$4.2mil in financing from a slew of global investors led by billionaire investor Tim Draper.
Microsoft and Bank of America Merrill Lynch have joined forces on a project to use blockchain technology to make trade finance transactions faster, cheaper, safer and more transparent.
Accenture is challenging a defining feature of blockchain, its immutability, by patenting a system that will allow data processed and stored using the technology to be edited.
LONDON: Home to trillions of dollars of global wealth, mutual fund firms face an unfamiliar round of belt-tightening as changes in the way people invest and rising costs chip away at rich margins.
HSBC's retail banking and wealth management head John Flint expects banks to partner more with financial technology (fintech) companies in the coming years to help meet changing demands from customers.
A London-based start-up said it would launch the first fund to track an index of digital currencies such as bitcoin in the coming weeks.
Barclays and an Israel-based start-up company have carried out what they say is the world's first trade transaction using blockchain technology.
Blockchain, the technology behind Bitcoin, is generating a lot of interest in the finance industry, even locally. Here's why.
A lack of clarity over regulation is holding back the development of blockchain technology for cutting the cost of share trading.