News
Singapore-based DBS bank joins blockchain trade-finance network Contour to disrupt its letters of credit settlement process.
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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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A blockchain trade finance platform developed by eight major banks, among them HSBC, BNP Paribas, and Citi, is now ready for commercial launch in Singapore in Q2 2020.
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Bitcoin is battling to resume its bullish trend, and Vitalik Buterin reveals the details of the Ethereum 2.0 roadmap to Cointelegraph.
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HSBC plans to drop $100 billion in risk-weighted assets and 35,000 jobs in the next three years to invest more in digital finance.
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The Department of Economic Development of Dubai has established a KYC blockchain consortium with six major banks.
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British banking giant HSBC will digitize paper-based records of $20 billion in private placements with blockchain technology by March 2020.
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The need for censorship-resistant currencies like Bitcoin has been thrown, yet again, into stark relief as HSBC shutters an account reportedly used to fund Hong Kong protestors.
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HSBC will explore the use of distributed ledger technologies for bond issuance in a joint trial with the Singapore Exchange and Temasek.
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Global banking giant HSBC has tested out its blockchain-based trade finance platform Voltron and reduced transaction time by 40%.
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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-laundering and fraud.
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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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