ABN AMRO And Rabobank Ramp Up Blockchain Initiatives
Typically, financial institutions wait for a new technology to mature before investing in it. Blockchain technology, because of the impact it is expected to bring to the financial industry, is a different matter, as witnessed by the number of financial institutions investing in blockchain experimentation. Two Netherlands-based banks, Rabobank and ABN AMRO Bank N.V., are among the latest financial institutions to venture into blockchain-based solutions. Blockchain investment totals close to $1 billion, noted Arjan van Os, head of Innovation Centre, and Marjan van der Plas, innovation....
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Rabobank has a proven track record of supporting innovative ideas, either through partnerships or investments. Financial institutions have a vested interest in blockchain technology, and that become even clearer when Rabobank announced their partnership with NexusLab. This gives the Dutch bank every opportunity to work with distributed ledgers, and ten startups will partake in their very first Startupbootcamp round. Dutch bank Rabobank has been experimenting with blockchain technology for quite some time, and they are currently focusing on four key areas. International payments,....
Multi-billion dollar financial services corporation D+H states that its development team successfully tested its proof-of-concept Blockchain with Dutch financial company Rabobank. Netherlands-based Rabobank, which has an annual revenue of nearly US$15 billion dollars, collaborated with D+H in running the company’s first preliminary tests with Coin Sciences’ proof-of-concept multi chain Blockchain solution. Rabobank and D+H claim to have acquired the evidence needed to prove that their Blockchain solution is able to process cross-border payments in real-time. The two giants in global....
Many banks hate Bitcoin and are feeling threatened by the new digital cryptocurrency. Coindesk recently wrote an article about Dutch Bank Rabobank. The context was the same as many articles before that have and have not made it to more major media outlets: Bitcoin businesses guillotined by banks around the world. Rabobank has blocked transfers of fiat to Bitcoin exchanges in the past for individuals, not just businesses. Rabobank even had days when all attempted online transfers to domestic Bitcoin Exchanges were met with a technical error. Two websites in the locality have since spread....
ABN Amro has begun a new blockchain pilot focused on real estate transactions. The Dutch bank said yesterday that it is working with IBM to develop a system in which buyers, sellers, brokers and regulators (among other parties) can share and record real estate transactions. According to ABN Amro, the proposed system would support connectivity with regulators such as the country's central bank and the Land Registry Office. In its announcement, ABN Amro suggested that the pilot could ultimately lead to new kinds of client-facing services. The bank said in a statement: “This latest pilot is....
Contrary to speculation and discussion from earlier today, Dutch banking giant ABN AMRO is not working on or releasing a bitcoin wallet to its customers as a part of its banking services. Social media was abuzz with speculation that a bitcoin wallet might be in the offing by ABN AMRO , a major European bank with a global presence, based in Netherlands. A webpage surfaced, purporting to conduct a survey among ABN AMRO customers by the bank’s Innovation Centre. It stated: From the Innovation Centre of ABN AMRO, we follow the development of bitcoin closely. At present, we examine whether the....