UBX, OneConnect partner for blockchain platformTWO technology companies have teamed up to develop the country’s first blockchain-enabled platform to meet the banking needs of micro, small and medium enterprises (MSMEs). In a statement on Wednesday, UBX Philippines Corp., the financial-technology subsidiary of Union Bank of the Philippines (UnionBank) and OneConnect Financial Technology Co. Ltd., an associate firm of Chinese insurance giant Ping An Group, said this platform would be operational by end-2019 and made available to more MSMEs by 2020. The end-to-end platform, they added, shall leverage OneConnect’s facial recognition technology, micro-expression interviewing technology and big data-enabled artificial intelligence (AI).The platform will cover a wide range of finance needs, such as multichannel loan applications, credit assessment, loan disbursement and anti-fraud checking. It significantly reduces approval time while providing more accurate risk assessments. … [Read more...] about UBX, OneConnect partner for blockchain platform
China trade finance interbank trading blockchain platform
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Currency Provisions in U.S.-China Trade Pact May Not Be New Advertisement Supported by ByKeith Bradsher March 10, 2019 BEIJING — A pending trade agreement between the United States and China could put few restrictions on Beijing’s control over the strength of its currency, potentially inflaming trade hawks in Congress and within the Trump administration itself. China’s control over the value of its currency has long been a major point of conflict between Beijing and the West, though the issue has faded in prominence in recent years. Lawmakers and officials in other countries have contended that Beijing has unfairly weakened China’s currency, the renminbi, compared with the American dollar and other currencies, giving Chinese companies and factories an advantage when selling … [Read more...] about Currency Provisions in U.S.-China Trade Pact May Not Be New
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Could Trump Cave Too Easily on a China Trade Deal? DealBook Supported by Feb. 21, 2019 Good Thursday morning. (Was this email forwarded to you? Sign up here .) Trade talks progress, with fears of overcompromise American and Chinese officials have reportedly begun to hash out documents that could form the basis of a trade deal, but there are growing concerns that leaders of both nations are softening on key demands. More on the progress from Bloomberg, citing an unidentified source: • Several memorandums of understanding “would cover areas including agriculture, non-tariff barriers, services, technology transfer and intellectual property, said the person.” • “The enforcement mechanism remains unclear, but would likely be a threat that tariffs would be reimposed … [Read more...] about DealBook Briefing: Could Trump Cave Too Easily on a China Trade Deal?
Infinito Blockchain Platform (IBP) is a total one-stop solution for Businesses and DevelopersSINGAPORE, Jan 30, 2019 - (Antara/ACN Newswire) - Leading blockchain tech provider Infinito, builder and operator of the Infinito Wallet, has just released a comprehensive blockchain platform for businesses and developers to seamlessly use of a wide variety of blockchain-based functionality from one stop. The Infinito Blockchain Platform (IBP for short) enables easy development of decentralized apps using APIs. Businesses can also choose from various turnkey SaaS and solutions according to their needs. IBP aims to be the number one solution for anyone looking to integrate or build practical blockchain applications.Infinito Blockchain PlatformGet started today! https://platform.infinito.io/Develop Practical Blockchain Innovations while Cutting Time, Costs and Resources with InfinitoAs the market for practical blockchain applications is booming like never before, the newly released Infinito … [Read more...] about Infinito unveils all-in-one Blockchain Platform (IBP) for Businesses and Developers
LONDON (Reuters) - Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday. Vakt, already in use by other major trading firms since the end of last year, is the first of many blockchain pilot schemes for commodities trading to go live. The firm was created in 2017 by a consortium that includes oil majors BP and Royal Dutch Shell, Norway's Equinor, global energy trading firms Mercuria Energy Group and Koch Supply and Trading, as well as Gunvor Group. Its original shareholders began using the system in November, starting for North Sea crude oil trading. Banks ABN Amro, ING and Societe Generale are other shareholders. Blockchain, the platform behind cryptocurrency Bitcoin, is viewed by many as a solution to trade and settlement inefficiencies, as well as a way to improve transparency and reduce the risk of fraud. Vakt digitises and centralises what was previously a mountain of … [Read more...] about Chevron, Total and Reliance join oil blockchain platform Vakt