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E.g., 2024-03-28
E.g., 2024-03-28
February 2, 2022
SAP announced last week that it will be acquiring a controlling stake in the capital management company Taulia. This move confirms what Aite-Novarica Group recently discussed in its report Bank-Friendly Supply Chain Finance Platforms: An Innovative Approach. SCF platform vendors must integrate their platform solution using API connectors to share data with bank partners. Banks must set up...
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March 10, 2021
The announcement confirms that for supply chain participants the adherence to sustainability practices has gone beyond a “nice to have.” Poor performance in sustainability practices has serious business impacts on a company’s trade operations, to the point that the SWIFT KYC Registry has been integrated with the International Chamber of Commerce’s (ICC’s) Sustainable Trade Finance Guidelines...
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October 26, 2020
The interbank cooperative will offer member banks a set of common API-based processing services, such as pre-validation of essential data, fraud detection, data analytics, transaction tracking, and exception case management. Aite Group anticipates that with this move, SWIFT member banks will be able to harmonize the proprietary API protocols now in use and regain a collective control of the...
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March 6, 2017
Despite the outlook on blockchain adoption for financial services starting to move from excitement to criticism, trade facilitation business processes represent a stronghold for blockchain-based programs, as long as basic change management principles hold true. There is a mounting debate about the limits of blockchain in the world of financial services. Financial consortia R3 and Swift declare...
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March 6, 2017
R3’s recent announcements warn banks to carefully watch blockchain as long as the technology remains immature. This comes at a time when blockchain-based initiatives see financial institutions taking the driver’s seat. The path to blockchain maturity demands the guiding role of bank industry independent associations, exactly what R3 is. This article takes the perspective of corporate banks. R3...
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February 21, 2017
Although banks may appear slow to react and less agile than emerging fintech companies, banks remain their corporate clients’ main point of reference for technology innovation and inclusion. Even many leading corporations don’t want to be the pioneers in something that is not part of their core business and keep a wait-and-see attitude toward fintech innovation, expecting advice from their banks...
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November 15, 2016
Blockchain-based applications developed by SCtech (pronounced “skytech”) players (i.e., software vendors dedicated to developing blockchain-based applications for supply chain management) are dispersed across diverse supply chain (SC) processes: document management, traceability, provenance, and finance. They are currently engaged in proof-of-concept (POC) experiments to identify which SC...
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March 21, 2016
Assume you want to spend all your US$100 to buy goods in a shopping mall. At the checkout, you say that you will send an email promising to pay US$100 (i.e., an electronic IOU). The merchant happily accepts the email and goes to the bank. The bank also accepts the email and credits US$100 to the merchant’s account. To understand how this could ever be possible, let’s add a group of customers...
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December 15, 2015
In the machine-to-machine scenario, the blockchain remains completely transparent to “human” business users, and it will be deployed to develop solutions tied to the Internet of Things. The IoT is the network of physical objects or "things" embedded with electronics, software, sensors, and network connectivity, which enable these objects to collect and exchange data. The principle that the...
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December 10, 2015
In the​ corporation-to-corporation scenario, corporations will start working on blockchain projects for mission-critical (i.e., niche) applications, while waiting for the “big thing” to occur. Banks may not have any role to play. It is a fact that corporations are late to take on the blockchain debate, and such lack of awareness may be the symptom of a simple lack of interest. After all,...
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