Sentences with phrase «aimed at financial institutions»

For the first time, an incumbent in the financial sector has taken a blockchain based technology and bundled it into a use case that's aimed at the general public, as opposed to being aimed at another financial institution.

Not exact matches

Koho is aimed primarily at generation Y, a demographic with little patience for the delays and high fees of traditional financial institutions.

The stricter residential mortgage lending regulations introduced by the Office of the Superintendent of Financial Institutions were aimed at reducing risk in the market amid high housing prices.

Thus, while it initially appeared that the bill was designed to foster entrepreneurial development of decentralized systems, such as the Ethereum network, to allow individuals to reclaim some power from large companies, the bill does not accomplish that aim as it treats public and private blockchains (and possibly even legacy payment systems) equally.By opening this loophole in the definition of blockchain, Nevada does not appear to be showing any more support for the blockchain upstart community than it shows for multinational financial institutions and banks at large.

The «beneficial owner» rule, officially called the Customer Due Diligence Requirements for Financial Institutions rule, is aimed at helping banks better understand precisely who is behind the business entities they are banking by collecting more information about the people associated with these entities.

Efforts aimed at further expansion of access to financial technologies such as Blockchain to facilitate their adoption through financial institutions.

Last year, the member - owned network of banks and other financial institutions revealed a successful proof - of - concept aimed at reimagining the nostro - vostro accounts used by companies to store cash around the world, and in January, it signed an agreement with seven central securities depositories to evolve the way the centralized organizations might leverage blockchain.

Eleven of the banks — Bangkok Bank, BBVA (Banco Bilbao Vizcaya Argentaria), BNP Paribas, HSBC, ING, Intesa Sanpaolo, Mizuho, RBS (Royal Bank of Scotland), Scotiabank, SEB and US Bank — are preparing to use R3's blockchain software Corda to test an application aimed at cutting costs and increasing efficiency in the processing of sight letters of credit, which, as it is intended, will be payable immediately upon receipt of the letter and supporting documents by the relevant financial institution.

At this point, you should aim to financial institutions specialized in bad credit loans.

The most radical of the proposals is the middle one, which aimed to limit repo financing at financial institutions; it would have been much more effective than the Volcker Rule.

The «beneficial owner» rule, officially called the Customer Due Diligence Requirements for Financial Institutions rule, is aimed at helping banks better understand precisely who is behind the business entities they are banking by collecting more information about the people associated with these entities.

Plevin is aimed squarely at you if you had a claim rejected from a bank, building society or other big financial institution (and even if the ombudsman agreed with the rejection).

OTTAWA — A new deal with the United States over an American law aimed at rooting out tax cheats north of the border will ensure that Canadian financial institutions won't be required to report directly to American tax authorities, Finance Minister Jim Flaherty announced Wednesday.

This technical document aims to determine, when it comes to the issue of a changing climate, precisely what the types of information input are that financial institutions require to put their risk management expertise at the service of broader adaptation and to provide a first assessment of the current provision to the sector with such information.

This technical document addresses the barriers to CDM implementation by providing information aimed at both developing country financial institutions and at CDM project proponents.

The coalition, consisting of 11 regional financial institutions, aims at creating «an open source blockchain protocol that developers can further build upon in the future.»

This statement may, of course, be easily interpreted as a means of promoting Ripple — a far - from - decentralized cryptocurrency which aims to help traditional financial institutions settle cross-border and domestic payments — while, at the same time, putting down its primary competitor.

That effort is aimed at creating a test environment for blockchain applications, as well as a hub for financial institutions in the region looking to explore the tech.

Though at first it seemed like the introduction of digital currency was aimed at displacing the traditional banking system, financial institutions like banks and insurance companies have begun to see...

Find Free WordPress Themes and plugins.Though at first it seemed like the introduction of digital currency was aimed at displacing the traditional banking system, financial institutions like banks and insurance companies have begun to see the advantages accrued by working with digital currencies.

CoinDesk A distributed ledger tech pilot, aimed at simplifying back - office reconciliation processes at major financial institutions, is moving forward.

The subsidy is aimed at those who earn between R3501 and R15 000 per month, have never benefitted from any government housing scheme in the past, and are preapproved for a home loan with a registered financial institution.

At no cost to the citizen, these seminars will aim to create awareness of the mortgage foreclosure process and identify options from lenders, government and other financial institutions to assist the borrower in avoiding foreclosure.