Consensus 2015: Santander Innovation Director to Discuss Blockchain Tech
Spanish megabank Santander has been experimenting with blockchain technology. Its head of research and development will discuss applications of the technology at Consensus 2015. Twenty billion dollars a year - that's how much banks could save on cross-border payments, compliance and securities trading if they used blockchain tech to move money and assets around the world, according to a report co-written by Spanish megabank Santander published last month. Julio Faura is one of the Santander executives playing a crucial role in making that massive cost-saving a reality. He commissioned a....
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Citi first hinted at its blockchain ambitions 10 days ago when it revealed it had developed its own cryptocurrency following years of research in the space. The so-called 'Citicoin' project from the world's eighth largest bank is the latest sign that financial institutions are starting to take blockchain technology seriously. Expect to hear much more about Citi's plans for digital currencies and blockchain tech this September when key executives from the bank speak at Consensus 2015. "Blockchain technology not only has an opportunity to transform financial services but also extend far....
Swiss investment bank UBS and Spanish megabank Santander discussed blockchain technology at the Bank of England's Open Forum conference in London today. Jose Maria Fuster, global head of innovation at Santander, commented on the potential of the blockchain to overhaul the financial industry during a panel discussion which aimed to decipher how financial innovation and technology could support the economy. Fuster said: "Blockchain technology is very much related with the bitcoin concept ... this technology is allowing us to create a completely new space of infrastructure to transfer money,....
Santander InnoVentures has launched a global competition titled 'Santander InnoVentures Distributed Ledger Challenge' with the aim of encouraging and supporting those startups that employ distributed ledger technologies and blockchain in the fintech industry. The entry submission begins from November 5th, 2015 and the deadline is December 31st. In the next step, the startups will be shortlisted and then they will be further selected by a panel of distributed ledger and blockchain technology experts. Later, the winner will be revealed at New York in January 2016. Santander InnoVentures is a....
Digital currencies and blockchain technologies cut across numerous sectors, with the potential to impact everyone from the suits on Wall Street to the world's unbanked. We want to drive the conversation forward by connecting the doers and thinkers in those sectors - global development and aid, civic technology, government and policy-making, financial services and more - with the technologists, entrepreneurs and investors at the heart of the digital currency world. To do that, we're launching our first conference: Consensus 2015 at the TimesCenter in New York City on 10th September.....
After releasing a paper covering 20 to 25 uses of blockchain technology, Santander is reportedly ready to invest in a cryptocurrency startup to sustain their initiatives. Santander is the tenth largest bank in the world, according to a list by Forbes. The bank has come up with Santander InnoVentures, which is the banking giant's $100 million fintech investment fund. This was launched last year and has made three investments so far. Blockchain Technology Startups. "We're very excited about distributed ledgers and blockchain technology. They really have the potential to disrupt many of the....