Wall Street is obsessed with this technology — but a big group of investors is missing out

Wall Street is obsessed with this technology — but a big group of investors is missing out

Blockchain could be a real game changer for the financial-services industry, and big Wall Street banks and stock exchanges are trying to work out how to make the technology work. But there’s one big subset of Wall Street — big asset-management companies — watching from the sidelines. That could be “a mistake,” according to a […]

South Africa’s Banks Are Going DIY to Test Ethereum’s Blockchain

South Africa’s Banks Are Going DIY to Test Ethereum’s Blockchain

Members of six African banks reportedly met yesterday to discuss the next steps in their ongoing effort to connect aspects of the South African banking system via a private version of the ethereum blockchain, according to sources. Apparently the first use cases are syndicated loans and securities loans, which are currently run as over-the-counter operations. […]

Blockchain-based banking backend Vault OS from ex-Googler emerges from stealth mode

Blockchain-based banking backend Vault OS from ex-Googler emerges from stealth mode

Despite holding the vast majority of the world’s wealth (or perhaps because of that), banks aren’t exactly hotbeds of cutting-edge tech, often relying on decades-old systems for everyday tasks. ThoughtMachine, a company led by ex-Google engineer Paul Taylor, is looking to change that with a modern, fully integrated, blockchain-based banking operating system called Vault OS. […]

How Will Banks Secure the New Channels — Messaging, Video, Chatbots?

How Will Banks Secure the New Channels — Messaging, Video, Chatbots?

The first video banking call crossing the Atlantic took place this week. A new virtual assistant (TouchAssist) and a new personal finance chatbot (Trim) both launched yesterday. Facebook Messenger recently reached 1 billion users — and 18,000 bots. There are more ways for customers to talk to banks than ever — and therefore, more avenues […]