article thumbnail

OCBC Becomes First Singapore Bank to Use Blockchain for Intraday Lending

Fintech News

OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology. By utilising blockchain technology, the exchange of cash and securities becomes near-instantaneous, a significant improvement over traditional repo markets where the process can take at least one business day.

article thumbnail

OCBC and Land Transport Authority Pilot Blockchain Payments for Construction

Fintech News

OCBC Bank has partnered with the Land Transport Authority of Singapore (LTA) to pilot a new blockchain payments solution for construction projects. This initiative builds on OCBC’s participation in Project Orchid , a Monetary Authority of Singapore initiative to develop infrastructure for a digital Singapore dollar.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Coinbase Sets Sights on Thai Baht and Philippine Peso Stablecoins

Fintech News

Instead, the company is focusing on its wallet business and blockchain platform Base to drive blockchain adoption by enabling local developers to create solutions for baht and peso stablecoins. The company currently has no plans to directly enter Southeast Asian jurisdictions.

article thumbnail

Disruptive Tech in Finance – AI, Blockchain and Quantum Computing at the Heart of London Event

The Fintech Times

Imperial College London will host a workshop on 26 March 2025, exploring the influence of AI, blockchain and quantum computing on the financial services industry. Participants will also engage in breakout groups to delve deeper into specific issues, providing an overview of how these innovative technologies are shaping the future of finance.

article thumbnail

UBS Successfully Pilots Blockchain-based Payment Solution for Cross-Border Transactions

The Fintech Times

Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients. The pilot also included the transfer of liquidity between various UBS companies.

article thumbnail

Nium, Kinexys by JP Morgan Enhance Cross-Border Payment Accuracy in Asia

Fintech News

The integration with Nium Verify is powered by Liink, Kinexys’ blockchain-based platform. Liink, a blockchain-based platform developed by Kinexys, facilitates secure and private information exchange among global institutions, including banks, credit unions, fintechs, and digital banks.

article thumbnail

OCBC Integrates Blockchain Into LTA to Create Greater Transparency in Contractor Payments

The Fintech Times

The Land Transport Authority of Singapore (LTA) will now be able to disburse mobilisation advance payments to its main contractors with better transparency as a result of the multinational banking and financial services corporation, OCBC , integrating a blockchain-based conditional payments solution with its business banking platform.