31 Mar '16, 6pm

US Bank Regulator to Examine Distributed Ledgers in FinTech Framework Push

The US Office of Comptroller of the Currency (OCC) has released a new white paper on financial technology innovation, proposing an approach to handling how banking institutions experiment with new technologies like the blockchain. The agency, which oversees banking activity in the US, promoted the idea of what it called "responsible innovation" in the paper . Citing the 2008 financial panic, the OCC said that responsible innovation means the use of new technology "that is consistent with sound risk management and is aligned with the bank’s overall business strategy". Among the FinTech applications it cited is blockchain technology, which is mentioned alongside peer-to-peer lending and mobile payments. The OCC says that blockchain technology "has the potential to transform how transactions are processed and settled". Comptroller Thomas J Curry said in a speech today that th...

Full article: http://www.coindesk.com/us-bank-regulator-creating-framew...

Tweets

#ITNews

#ITNews

propakistani.pk 30 Mar '16, 6am

In a fast moving world, technology is needed that can keep up. The financial sector has been crawling when it comes to ado...

Financial Stability Board Weighs Distributed Ledger Risks

Financial Stability Board Weighs Distributed Le...

coindesk.com 31 Mar '16, 1pm

The Financial Stability Board (FSB), an international body aimed at improving the global financial system, reviewed distri...

Bank of Canada Researcher: Bitcoin Monetary Standard Would Fail

Bank of Canada Researcher: Bitcoin Monetary Sta...

coindesk.com 31 Mar '16, 10pm

A research consultant for Canada's central bank has published a new research paper that envisions a world that has establi...

Singapore sets up fintech office for startups

finextra.com 01 Apr '16, 9am

The office, described as a one-stop service for fintech startups, is part of the SG-Innovate initiative announced in the M...

via @YahooSG

sg.finance.yahoo.com 30 Mar '16, 6am

If you can’t beat them, learn from them. Big bosses at Singapore’s three largest banks are losing sleep over the rapid ris...

via @businesstimes

via @businesstimes

businesstimes.com.sg 01 Apr '16, 5am

FINANCE Minister Heng Swee Kiat on Friday announced the launch of SG-Innovate - a startup initiative he unveiled last week...

Hospitality Gets Digital Push - The New Indian Express

Hospitality Gets Digital Push - The New Indian ...

newindianexpress.com 03 Apr '16, 2pm

Futurist Alvin Toffler’s book Third Wave perfectly visualised the way the service industry would transform, as society mov...

Singapore probes distributed analytics for IoT ...

zdnet.com 01 Apr '16, 1am

Singapore researchers are looking at various technologies that can enable data to be analysed more efficiently within the ...

Singapore probes distributed analytics for IoT ...

zdnet.com 01 Apr '16, 1am

Singapore researchers are looking at various technologies that can enable data to be analysed more efficiently within the ...

Adwind at centre of cyber attack on Singapore bank

computerweekly.com 31 Mar '16, 9am

A bank in Singapore has been targeted by cyber criminals using a malware-as-a-service platform that enables people with lo...

Sustainability Drove Design Behind US Bank Stadium

greenbuildingelements.com 02 Apr '16, 6pm

Reduced Structure – Strong and light weight material allowing for reduced tonnage of steel; Reduced Loads – The smooth sur...

BANK HOLIDAY SERVICE LEVELS

arrivabus.co.uk 09 Apr '16, 2pm

Over both bank holiday weekends in May, Arriva Buses Wales will be operating a Sunday service on both Sunday and bank holi...

#bitcoin

#bitcoin

coindesk.com 06 Apr '16, 5pm

That's how Leonard Jaramillo, VP product development at Earthport , describes the way his payment services firm is using d...