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REVIEW THESE INFORMATIVE ARTICLES FROM 2017 – AND READ THOSE THAT INTEREST YOU

American Express added B2B blockchain payments for US businesses sending money to businesses banking with Santander UK (Blockchain/Money Transfer - 2017-11 - TechRepublic)

American Express added B2B blockchain payments for faster transfers and added security for US businesses sending money to businesses banking with Santander UK. By using blockchain, the payments are instant, trackable, and don’t require a credit card. 

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New blockchain banking system to process global payments faster and cost effectively (Blockchain/Banking - 2017-10 - TechRepublic)

A new IBM blockchain solution will allow financial institutions to process global payments faster and cost-effectively. Modernizing the global payments process and improving financial access could improve international commerce, and extend financial services to one billion people by 2020, according to the World Bank. This marks another move by IBM using blockchain technology, and IT leaders across all industries will need to understand it.

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Blockchain technology used to manage digital bank guarantees (Blockchain/Banking - 2017-09 - Fortune.com)

Microsoft is working with Israel’s Bank Hapoalim on a system that uses blockchain technology to manage digital bank guarantees. Microsoft is also using its blockchain-based Azure cloud computing platform for a recent proof-of-concept trial with shipping giant Maersk for sharing marine insurance data, to collaborate with Accenture for an ID system that could register refugees, and with Bank of America to test a system to log financial transactions.

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REVIEW THESE INFORMATIVE ARTICLES FROM 2016 – AND READ THOSE THAT INTEREST YOU

Barclays Bank facilitate first trade using blockchain technology (Blockchain/Trade Finance - 2016-09 - InternationalMan)

On September 7, 2016, Barclays facilitated a $100,000 trade of cheese and butter between Irish food company Ornua and the Seychelles Trading Company, which took less than 4 hours (compared to the current average of 10 days).

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Bank Of America to fire 8,000 (AI/Banking - 2016-06 - Zerohedge.com)

Bank of America firing 8,000 in 2016, adding to 10,000 in 2015, and more than 68,400 since 2009, also reducing branches by 1,400. Cause is digital banking reducing the need for “back office staff” and bank tellers.

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Technology reduces stocktraders by 98% (AI/Stock Trading - 2015-12 - Business Insider)

In 2000, Goldman Sachs had 600 traders in New York City making markets in US stocks. Today, that number is less than 10.

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