Deutsche Bank, Germany’s largest bank, is joining the 320 banks in the JPMorgan Chase-led blockchain initiative, the Financial Times reported Sunday (Sept. 15). The move is intended to lower costs at Deutsche Bank — which clears more euro-denominated payments than any bank worldwide — and...
The Interbank Information Network, a blockchain initiative, now has more than 75 of the world’s biggest banks as members as they aim to fend off threats from payment startups. The Financial Times, citing JPMorgan, reported Société Générale and Santander are among the more than 70...
November 04, 2020
From concept to pilot to corporate payment game changer. Umar Farooq, CEO of J.P. Morgan’s Onyx, told Karen Webster that peer-to-peer (P2P) private blockchain networks can help streamline information flows tied to cross-border payments and remove the complexities tied to legacy systems. The conversation took place against the backdrop where, late last month, J.P. Morgan […]
September 15, 2019
Deutsche Bank, Germany’s largest bank, is joining the 320 banks in the JPMorgan Chase-led blockchain initiative, the Financial Times reported Sunday (Sept. 15). The move is intended to lower costs at Deutsche Bank — which clears more euro-denominated payments than any bank worldwide — and speed up cross-border disbursements to avoid expensive lag times. The […]
September 25, 2018
The Interbank Information Network, a blockchain initiative, now has more than 75 of the world’s biggest banks as members as they aim to fend off threats from payment startups. The...
