Posts Tagged ‘banking’

JPMorgan Seeks Patent for Blockchain-Powered Interbank Payments

JPMorgan Chase is seeking to patent a system for using distributed ledgers as a way to facilitate and reconcile financial transactions, newly-released filings show. In a patent application published by the U.S. Patent and Trademark Office on Thursday (which was originally submitted last October), JPMorgan outlined a system that uses distributed ledgers to record payments being sent […]

5 Effective Research Methods To Design User-Centered Banking in FinTech

A lot of changes have been happening thanks to a continuously evolving FinTech industry, but many changes are yet to come. Understanding what customers want and need is very crucial for every business, and finance is no exception. There has to be a clear understanding of the things that either cause customers headaches or deliver […]

FINTECH: Betting on blockchain

Advancements in financial technology are opening up new opportunities for fast-growing Asian companies to finance trade and expansion, but pose new challenges for the region’s regulators. The most promising new technology to arrive in the financial sector is undoubtedly the blockchain, or distributed ledger technology, where a secure record of transactions is kept in ‘blocks’ of […]

A Major Dutch Bank Is Considering a Cryptocurrency Wallet for Its Customers

Rabobank, a major Dutch multinational banking and financial services company headquartered in Utrecht, the Netherlands, is considering the possibility of integrating a cryptocurrency wallet within its online banking system. Rabobit, a Rabobank project currently in its conceptual development and market research phase, would allow the bank’s customers to store cryptocurrencies in a wallet hosted by […]

Banks in Britain and U.S. ban Bitcoin buying with credit cards

Lloyds Banking Group Plc, which issues just over a quarter of all credit cards in Britain, and Virgin Money said they would ban credit card customers from buying cryptocurrencies, following the lead of U.S. banking giants JP Morgan Chase & Co and Citigroup. However, other banks said on Monday they will continue to allow credit card customers […]