Libra Hires HSBC Veteran Ian Jenkins as CFO, Risk Chief of Digital Payments Unit

The G7's recent rejection of Libra doesn’t seem to have slowed them down. The Libra Association, which oversees the as-yet unreleased Libra cryptocurrency, has chosen a chief financial officer and chief risk officer for the project. Ian Jenkins, who touts experience from HSBC, Santander, and Credit Suisse, will supervise the Libra Network’s finances and risk management, according to an Oct. 15 announcement.The news comes only days after the multi governmental group G7 explained that the project needed proper regulatory measures in place prior to launch. “The G7 continues to maintain that....

Libra Association founding member, Bison Trails, has released a QT protocol allowing developers to read and write data to Libra’s pre-mainnet using off-chain systems. Blockchain technology and staking service provider Bison Trail has announced the launch of its Query and Transactions Clusters, or QT, protocol to help developers build on Facebook’s forthcoming Libra network.Libra QT offers a bridge between Libra’s pre-mainnet and off-chain systems, allowing dedicated off-chain infrastructure to read and write data to the blockchain.According to a Nov. 25 announcement from Bison Trails,....

Bitcoin wallet startup Blockchain has added former Barclays Bank group chief executive Antony Jenkins to its board of directors. The appointment is notable as Jenkins served as Barclay’s chief executive from 2012 until mid-2015. There, he was promoted to the top spot in the wake of the Libor scandal, a plot involving numerous banks aimed at manipulating interbank interest rates. With the move, Jenkins becomes the latest financial executive to take an interest in the industry, following heavyweights such as Blythe Masters, CEO of Digital Asset, and Duncan Niederauer, former CEO of the New....

PwC US FinTech lead Jeremy Drane has officially left the 'Big four' firm to serve as chief commercial officer for blockchain startup Libra. Formerly a startup offering tax compliance and reporting software to bitcoin users, the moves comes amid a transition at Libra that finds the startup seeking to establish itself as a "management information layer" for blockchain technologies. In accordance with this goal, Libra used the announcement to highlight other recent hires from the enterprise finance sector, noting its COO Dave Albert was formerly with BNY Mellon, while VP of product....

The former Group CEO of Barclays, Antony Jenkins, predicts a future within the next ten years wherein financial technology or fintech will substantially disrupt traditional banking systems and the banking industry as a whole. He is convinced banking installations and those employed in banking institutions will be reduced by at least 20% in the coming ten years, if not up to as much as 50%. Antony Jenkins, former CEO of one of Barclays, the UK's second biggest bank in assets after HSBC has predicted an "Uber-like" disruption from the Fintech sector to come crashing down on the current....