UBS Executive ‘Bank Has Several Blockchain Pilots’
Switzerland-based financial services giant UBS is expanding into China with the opening of a new “Business Solution Centre”. According to a Shanghai Daily interview with COO Axel P. Lehmann, the bank is also investing in financial technologies like blockchain. UBS Group Business Solution Centre in China and Blockchain Technology R&D. Blockchain....
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The European Central Bank is engaged in “experimental work” on blockchain technology. As some banks have warned, the technology is still too new to know what real world uses it has. But, according to an ECB executive board member on Monday, the central bank is researching how the technology could apply to modern financial systems. Member of the Executive Board of the ECB, Yves Merch, confirmed the ECB is investigating blockchain technology and how it could be adopted by the euro zone’s central banks. “From a central bank perspective, in the context of our strategic reflections on the....
India’s second biggest private bank by assets, ICICI, is showing plenty of interest in the development of blockchain applications, according to the banking institution’s managing director and chief executive, Chanda Kochhar. In an interview with the Huffington Post, Kochhar states that the bank is prepared for a technological revolution bought on by innovations like the blockchain. While the narrative is increasingly seeing Fintech as the banking industry’s biggest threat and disruptor, the chief executive confirms that her bank is ‘constantly looking’ at blockchain technology.....
Once reportedly the highest-paid executive at the Bank of China, Wai Kin Chim has joined BitMEX’s parent firm as an independent non-executive board director. BitMEX’s parent company 100x Group has hired a financial veteran with a professional background including the Bank of China.According to a Feb. 1 blog post on BitMEX, 100x has appointed former Chinese banker Wai Kin Chim as its new independent non-executive board director.A non-executive board member participates in policymaking and planning decisions at a firm, as well as monitoring the executive directors and acting in the interest....
The chief executive of Iran’s Tejrat Bank has stated that the emergence of bitcoin and innovations like blockchain technology will have an impact on the way in which banks operate in the country. The executive has also called for laying the groundwork to embrace and welcome bitcoin and Fintech innovations in Iran. Mohammad Ibrahim Moqaddam was speaking at an expert panel regarding digital currencies when making the remarks, according to a report by regional publication Banker.ir. The panel was attended by a number of senior bank executives and industry experts in the country. Here, the....
Blockchain solution provider AlphaPoint has announced that banking industry veteran Scott Scalf is joining its executive team. Scalf, who was previously director of trade lifecycle systems at Deutsche Bank Global Technology, joins the firm as executive vice president of development operations. “The financial sector is undergoing a profound technological shift as firms and institutions embrace the blockchain and related technologies. More than ever, it’s important that veteran leadership helps drive innovation in the space,” said Joe Ventura, AlphaPoint's founder. Ventura suggested that,....