Global banking giant HSBC has tested out its blockchain-based trade finance platform Voltron and reduced transaction time by 40%.
HSBC News
HSBC is a British multinational financial services company founded in British Hong Kong in 1865 by Thomas Sutherland. HSBC bank is currently one of the largest banks in terms of revenue, total assets and operating income. Some of the major subsidiaries of HSBC are HSBC Bank USA, HSBC Bank PLC, The Hongkong and Shanghai Banking Corporation Limited, and HSBC Japan. HSBC mostly specializes in commercial banking, investment banking, wealth management and global private banking. HSBC was a part of numerous money laundering investigations by the U.K., U.S. and international authorities. The company was also a part of a foreign exchange (forex) scandal and London Interbank Offered Rate (LIBOR) scandal, both of which resulted with fines in favor of the authorities. However, HSBC Bank remains one of the most influential and robust international financial services in Europe and in the world.
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by Ana Berman
UK-based banking giant HSBC is seeking Korean banking partners to expand the R3-backed blockchain platform Voltron to the region.
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Global financial messaging network SWIFT is carrying out a DLT-based shareholder e-voting proof-of-concept in the first half of this year.
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London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for forex trade settlement by a quarter.
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Hervé Falciani, a whistleblower convicted of purportedly the largest leak in banking history, plans to launch an ethical cryptocurrency to combat money-launderi...
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Stuart Alderoty has already taken charge of steering legal and compliance procedures at Ripple, says the company.
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HSBC has been operating blockchain-based forex payments for just ten months but has seen huge growth.
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Banks have been intentionally – and unwittingly – doing business with drug kingpins and rogue nations. A blockchain network says it can help them avoid eye-wate...
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by Helen Partz
HSBC India and India’s holding giant Reliance Industries have completed a joint blockchain-enabled trade finance transaction.
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A new blockchain trade finance platform developed by a dozen banks, among them HSBC, BNP Paribas, and Standard Chartered, launched Oct. 31 in Hong Kong.
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Money 20/20: blockchain and central bank digital currencies represent a “great challenge” to existing real-time gross settlement systems, says HSBC exec.
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Twenty businesses and five banks have piloted trades on European blockchain platform we.trade.
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HSBC has successfully used blockchain to ship soybeans for US giant Cargill in a reported ‘first’ for the industry.
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