The partnership between IBM and Zelle is meant to accelerate and simplify payments through real time processing; they also will help to enable same day deposits, bill pay, less fees and seamless cash flow; Zelle is now working with over 20 banks and plans to reach 85 million consumers by end of year. Source.
Cloud providers Amazon Web Services, Google Cloud, Microsoft, and IBM have been working to convince more financial services companies to...
The blockchain sector is beginning to gain some promising traction and Big Tech remains keenly aware of the potential impact...
We often hear about all of the applications of blockchain technology in financial services, but there are very few solutions...
IBM has been making waves with banks in recent months as they make a push to get large banks to...
The real time payments network Zelle has added new tech partners to their growing network; partners include ACI Worldwide, CGI, D3 Banking Technology and IBM; the new partners will help to accelerate technology, reduce risk and control costs for Zelle as their payments network grows over time. Source.
IBM and Maersk have completed a successful blockchain solution project for the container supply chain industry; plan to expand the solution to 10 million of the 70 million containers shipped annually; solution could provide cost savings for ship carriers of $38 billion per year. Source
The main driver of today's entry is the news -- which has largely percolated -- that ConsenSys acquired Quorum from J.P. Morgan, as well as received an investment from the bank in the company. There is a lot of jargon in the blockchain industry, and I want to try to pull this news apart to explain why it is interesting both to incumbent financial services players, as well as meaningful to the developing decentralized finance industry.
Shuttle Holdings is preparing to launch a beta custody solution for digital assets built on IBM’s private cloud and encryption technologies;...
The company's speech recognition technology has reported a 5.5% error rate in speech recognition, breaking the previous speech recognition error rate of 5.9% set by Microsoft in October 2016; the current error rate for speech recognition falls just above the newly reported human error rate of 5.1%; the speech recognition error rate continues to be a focus area as speech recognition technology becomes more broadly utilized in consumer electronics and the internet of things. Source