Blockchain

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Blockchain

·Dec. 28, 2016

Blockchain Significantly Influencing the Short-Term Outlook for Financial Services

Former CIO and Group Managing Director at UBS, Oliver Bussmann, provides his insight on financial services technology and why blockchain matters in a CXOTALK interview; Oliver Bussmann was involved in the early discovery of blockchain and says one of its greatest advantages is transaction speed specifically in securities settlement where it can reduce settlement times from two to three days to seconds; Bussmann also says blockchain will be influential for insurance, trade finance, payments and the internet of things; overall he thinks regulation, consumer preferences and new technology are important factors changing the landscape and outlook for the financial services industry in the near term. Source

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Asia/Pac Fintech News Roundup

·Dec. 14, 2016

Microsoft Announces Partnership for Asia’s First Blockchain Consortium

Microsoft has partnered with AMIS and the Industrial Technology Research Institute of Taiwan to form Asia's first blockchain consortium; the partnership will build on the success of Microsoft's Blockchain-as-a-Service (BaaS) on Microsoft Azure which it announced in April; the consortium will focus on blockchain solutions that provide increased efficiency and cost savings for companies in Taiwan. Source

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Fintech News Roundup

·Dec. 8, 2016

Deloitte Invests in a Blockchain Startup

Professional services firm, Deloitte, has made its first investment in a blockchain company; Deloitte has invested an undisclosed amount in blockchain startup SETL; SETL and Deloitte recently partnered on the successful use of blockchain technology with Metro Bank payment cards; in regards to the investment and partnership with SETL, Deloitte's CEO Peter Randall said, "Together, we have the opportunity to offer a unique blockchain service to a range of financial services companies." Source

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Fintech News Roundup

·Nov. 30, 2016

Blockchain Company, Paxos, Adds Former NYSE CEO to Board of Directors

Paxos has announced it will add former New York Stock Exchange CEO Duncan Niederauer to its board of directors as blockchain companies are increasingly testing new blockchain technologies for exchange trading and post-trade settlement; Paxos is a blockchain service provider for the financial services industry; Niederauer says blockchain technology has the potential to revolutionize post-trade clearing infrastructure. Source

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Europe Fintech News Roundup

·Nov. 22, 2016

Germany’s Central Bank Holds Blockchain Workshop

Germany's central bank is hosting a blockchain workshop as an increasing number of central banks are exploring the use of blockchain; the event is titled, "Blockchain Technology - Opportunities and Challenges"; discussions will be focused primarily for central bankers and regulators; topics will include the success of blockchain, business cases for the technology and the use of bitcoin; workshop participants include European central bankers, European Union Parliament members, financial institution executives, individuals from academia and representatives from blockchain-based companies. Source

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Fintech News Roundup

·Dec. 16, 2016

BI Intelligence Provides Report on the Fintech Market

Business Insider Intelligence has released a report covering all aspects of the fintech market; says annual financing globally for fintech reached $15 billion in August which is likely to surpass the total of $19 billion financed in 2015; Chinese fintech investments and insurtech have been catalysts for growth in 2016; robo advisors and blockchain are also two of the market's rapidly growing, emerging technologies. Source

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Fintech News Roundup

·Dec. 14, 2016

Deloitte Releases Blockchain Technology Survey Report

Deloitte surveyed 308 senior executives at companies with revenue of $500 million or more to gain a better understanding of the corporate market's blockchain technology positioning; survey finds widespread interest across all industries; 61% of surveyed respondents had broad to expert knowledge of blockchain and the majority of these respondents said blockchain adoption would be important for their business; while attention for blockchain innovation has mainly been focused on the financial services industry, Deloitte's survey finds significant innovation and progression across multiple industries; most notably, the consumer products and manufacturing industries have reported the greatest number of patent filings, with 38% of respondents reporting blockchain patents filed by their company. Source

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Fintech News Roundup USA

·Dec. 6, 2016

Federal Reserve Releases Report on Blockchain

Report from the Federal Reserve explores blockchain for payments, clearing and settlement; paper includes information obtained from interviews with approximately 30 industry stakeholders; says distributed ledger technology could improve processes for payments, clearing and settlement however implementation and adoption of the new technology present challenges. Source

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Fintech News Roundup USA

·Nov. 22, 2016

Overstock.com Offers Preferred Shares through Blockchain Subscription

Overstock.com is utilizing blockchain for a blockchain security offering; the offering is part of its preferred stock capital raising which provides investors the option to invest through the company's blockchain technology using a URL; this offering has confirmed subscriptions with the post-trade process being managed on a shared, distributed ledger; since Overstock.com is a publicly traded company, all details of the subscription process have been documented with the SEC. Source

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Fintech News Roundup

·Nov. 18, 2016

CoinDesk Reports on the Market for Blockchain

In its Q3 2016 State of Blockchain report, CoinDesk provides insights on blockchain; says blockchain investment is decreasing however significant development efforts continue to occur primarily from major banks and stock exchanges; report also says interest in blockchain from central banks is likely to continue. Source

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