Category: R3 consortium

Hong Kong and Thai Authorities Sign Fintech MoU

The Hong Kong Monetary Authority (HKMA) has signed a memorandum of understanding with the Bank of Thailand (BOT), in a bid to promote financial technology (fintech) collaborations between the two regulators, according to a Crowdfund Insider report on May 14, 2019. The Basel Connection Per sources close to the matter, […]

How a Banking Consortium is Leveraging Blockchain to Scale Efficiency

J.P. Morgan led banking consortium, Interbank Information Network (IIN), is using blockchain’s network effect to move a staggering volume of workflow to a distributed ledger, as reported by Forbes on May 13, 2019. Enterprise Blockchain Advancing In October of 2017, J.P. Morgan (JPM) quietly initiated a tiny network of their industry competition […]

Japan’s Second Largest Bank Completes Blockchain Trial On R3 Platform

Sumitomo Mitsui Banking Corporation (SMBC) has completed a successful proof of concept on R3’s Marco Polo trade platform, according to a press release dated February 18, 2019. Done and Dusted A successful proof-of-concept (PoC) has been completed by Sumitomo Mitsui Banking Corporation (SMBC), Japan’s second-largest bank by assets, as performed […]