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Banking
Islamic Development Bank to Research Sharia-Compliant Blockchain Products
Saudi Arabia's Islamic Development Bank (IDB) is developing sharia-compliant products based on blockchain technology.

Microsoft CEO Challenges Swift: Build 'Useful' Blockchain Applications
The CEO of Microsoft believes blockchain can have "massive implications," a comment that helped close Swift's annual Sibos conference this year.

Blockchain of the Vanities? Sibos, Swell and Stellar Troll in Toronto
No one won the game of trolls, but competition between Swift, Ripple and Stellar is still fierce, even though it might be too early for fists.

Bank of America Seeks Patent for Blockchain Processing System
New Bank of America patent filings hint it believes blockchain could one day assist its high-volume data processing objectives.

Bank Consortium to Launch Joint Venture for Blockchain Trade Platform
A group of banks, now including Santander, is planning to create a business venture in Ireland for its in-development blockchain commerce platform.

'Red Lyra' No More: Bank Blockchain Group Rebrands
Alastria, formerly known as Red Lyra, is a Spanish blockchain consortium that has grown to more than 70 members since its launch in May.

BNP, EY Complete Blockchain Trial for Internal Treasury Operations
BNP Paribas and EY say they have "successfully" tested a private blockchain for the bank's global internal treasury operations.

Downplaying 'Digital Assets': Blockchain Reigns at Ripple's Swell Event
An upstart financial conference yesterday saw discussion of digital assets – though so-called "unregulated" cryptocurrencies were the butt of barbs.

Bernanke at Ripple Event: Blockchain Has 'Obvious' Benefits in Payments
Former Fed chairman Ben Bernanke said blockchain technology has the opportunity to innovate in payments during Ripple's Swell conference.

JPMorgan Launches Interbank Payments Platform on Quorum Blockchain
JPMorgan Chase is backing a new blockchain-based platform for interbank payments, the firm announced today.
