IMF and World Bank Panel: Bitcoin Block Chain Could Boost Financial Inclusion
This weekend private and public sector delegates convened for a panel discussion about technology's role in achieving greater global financial inclusion as part of a four-part seminar series at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington, DC. The panelists included Standard Chartered Bank group chief executive Peter Sands. Colombian Minister of Finance and Public Credit Mauricio Cárdenas. Visa global head of strategic partnerships Bill Gajda. JPMorgan Chase global chair of technology, media and telecom and investment banking Jennifer....
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Bitcoin was labelled a "fad" yet also "interesting" in a panel discussion at Saxo Bank's Trading Debates event in central London yesterday. Held in the British Library, the event was attended by more than 300 people from the world of traditional finance, including bankers, traders and other financial services professionals. The panel discussion Fintech Boom - An Opportunity or a Threat for Financial Services? was moderated by Anna Irrera, trading and technology reporter at Financial News. Panellist Javier Tordable, senior vice president at German derivatives exchange Eurex Exchange,....
Nine of the largest investment banks have partnered with a block chain startup to integrate the block chain into financial services. Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, JPMorgan, State Street, Royal Bank of Scotland, and UBS all formed a partnership with a block chain oriented firm to create industry standards for using block chain technology in banking. The initiative is led by New York and London startup R3, whose CEO David Rutter spent 32-years on Wall Street. Financial Times has reported Goldman Sachs have also partnered with R3. The block chain is a major....
Bitcoin and its underlying block chain technology have made a consistent move forward in the world of finance and economics, gaining the respect of some largest players in the game. With Bitcoin continuing its growth, new education and brainstorming sessions are popping up everywhere, with some very interesting participants joining the discussions. Bank of England Joins New Bitcoin Forum. This Thursday, The Social Media Leadership Forum is holding a new panel discussion on Bitcoin, block chain technology, and where the "disruption" of the current economic paradigm goes from here. Major....
Why are so many financial institutions investing in block chain innovation labs? Will the block chain, with its promise of rapid, secure and inexpensive transactions, really make many existing financial institutions obsolete as some have claimed? Thomas F. Dapp and Alexander Karollus examined the block chain's impact on traditional financial institutions in a "talking point" article for Deutsche Bank Research, which provides macroeconomic analysis for Deutsche Bank Group. The article is titled, "Blockchain - attack is probably the best form of defence." The authors noted that the block....
It is not surprising most of the countries seeing success in the financial inclusion department are busy areas for Bitcoin as well. Financial inclusion is not a topic most developing countries in the world can deal with right now. In some regions, very few people have convenient access to a bank account. However, thanks to the boom in mobile smart devices, financial inclusion becomes easier to achieve. In fact, the countries focusing on these efforts are also seeing a significant Bitcoin growth as of late. Financial Inclusion Matters To Many Countries. According to the statistics outlined....