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Shinhan Bank Chooses a Blockchain for ‘Interest Rate Swap’ to Eliminate Risk of Human Error

Shinhan Bank Chooses To Eliminate Risk Of Human Error By Supporting Ledger With Blockchain Technology Blockchain technology offers an immutable and transparent ledger that is being adapted slowly around the world to meet the needs of different industries. South Korea has been recently making significant strides, especially in a new …

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How AI, blockchain and native languages are powering digital banking at ICICI Bank

ICICI Bank customers will now to able to put money lying idle in savings bank accounts to better use with the help of an investment advisory platform powered by software robotics and AI (artificial intelligence). The platform, dubbed Money Coach, is the latest in a long line of products and …

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South Korea’s Second Largest Bank Begins Blockchain Record-Keeping to Reduce Human Error

South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease human error. The initiative was reported by English-language daily news outlet The Korea Times on Dec. 10. Shinhan, which has sought integration with both the blockchain and cryptocurrency spheres over …

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Russian Bank Sberbank Uses A Blockchain Smart Contract For A Three-Way OTC Repurchase Agreement

Blockchain technology has recently found a new use case in Russia, after being used to finish a repurchase agreement, which is also known as a repo. Sberbank, the state-owned Russian bank, announced this transaction on Thursday, involved the “world’s first” transaction of this kind includes three parties in an over-the-counter …

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Finance Regulator, Central Bank Say Cryptocurrency Regulation ‘Being Put in Place’

Malaysia’s finance regulator and central bank issued a joint press statement Dec. 6 in which they confirmed they were “putting in place” legislation on cryptocurrency and Initial Coin Offering (ICO) assets. The statement from the Malaysia’s Securities Commission (SC) and Bank Negara Malaysia (BNM), which follows comments from senior government …

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Malaysia’s Central Bank, Securities Regulator Coordinate for Crypto Regulation

The Malaysian central bank and the securities regulator have indicated that they will collaborate in implementing a regulatory framework for cryptocurrencies and ICO tokens. In a joint statement, Securities Commission Malaysia and Bank Negara Malaysia disclosed that this arrangement will be restricted to ensuring compliance only with the regulations and …

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Silvergate is largest bank for cryptocurrency startups – Cryptomorrow – Cryptocurrency, Bitcoin, Ethereum

Silvergate bank is now serving more than 483 cryptocurrency startups in United States by providing them with banking services within a legal framework of traditional banking, and is an example of a go-to bank for many crypto fintech startups at a time when many are struggling to access banking services. …

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The Reserve Bank reckons a bitcoin-style rand may be coming – and wants to cut non-banks into everyday shopping

(Helga Danova) The Reserve Bank is proposing an overhaul of the law at the heart of South Africa’s payment system, and has called for comments on its ideas. One idea is to open the door for formal payments by what would amount to a digital version of the rand, or …

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Saudi Arabia’s ICD Bank Announces Blockchain Powered Islamic Banking Solutions

The Saudi media reported that the Islamic Corporation for the Development of the Private Sector (ICD) is planning to develop sharia-compliant blockchain product. ICD’s plan of rolling financial products powered by blockchain is to enable Islamic banks to manage their liquidity needs. With the proposed plan for developing blockchain solutions …

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Major Latin American Bank Conglomerate Itau to Create Blockchain Platform for Small Loans

Brazil’s largest private bank has partnered with United Kingdom bank Standard Chartered to create a blockchain-based platform for small loans, according to a press release published by Itau Tuesday, Dec. 4. Itau Unibanco, also a major Latin American banking group, and Standard Chartered both offer international banking services. The two …

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