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Commerzbank

FintechUSANews Roundup
·Feb. 22, 2018

R3 and TradeIX Pilot Blockchain Trade Finance Platform

The pilot occurs after a successful proof of concept in September with BNP, Commerzbank and ING; they hope to expand later this year with more banks, credit insurers and enterprise planning and logistics providers; they are looking to address risk mitigation, payables finance and receivables finance; “The technology ran fast and smoothly and the positive results showed us we are on the right track and ready to take the next step by entering into a pilot," said Ivar Wiersma, head of innovation at ING Wholesale Banking, to CoinDesk. Source.

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News RoundupFintech
·Oct. 5, 2017

Banks Team Up with IBM to Build Blockchain Based Trade Finance System

The Bank of Montreal, Caixabank, Erste Bank and Commerzbank join the Batavia blockchain project; the project was launched by UBS and IBM last year; Batavia looks to transform the trade finance industry; Marie Wieck, general manager of the blockchain team at IBM, tells the FT, “there is now a shift from technology projects to more of what I’d call ecosystem projects like this one.” Source.

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