Factom Inc., a company that provides businesses and governments with blockchain solutions to manage and store their data, has received a grant from the Bill & Melinda Gates Foundation to build a medical records system for the organization.
The inaugural Singapore Fintech Festival, a week-long event organized by the Monetary Authority of Singapore (MAS) in partnership with the Association of Banks in Singapore (ABS) dedicated to the fintech sector, kicked off today with close to 11,000 participants from more than 50 countries.
BitX, a bitcoin startup headquartered in Singapore that offers consumer wallets, exchanges services and APIs to businesses, has been accepted into the UK’s Financial Conduct Authority (FCA) regulatory sandbox. BitX will be testing its remittance solution on the blockchain. The news marks the startup’s entry into the UK and European market.
The Financial Conduct Authority (FCA), the UK’s financial services regulator, has announced that blockchain startup Epiphyte will be providing financial institutions in the UK with an alternative clearing and settlement system that uses Bitcoin.
The Canadian Imperial Bank of Commerce (CIBC), one of the country’s largest banks, is closely studying blockchain technology, peer-to-peer lending, in a time where fintechs are threatening to shake up the financial services sector.
Los Angeles-based Block26, has launched a blockchain and digital currency-dedicated investment fund that seeks to make “aggressive investments” into blockchain startups.
Santander, one of the world’s biggest banks and the second largest in Europe, has set up a team dubbed ‘Crypto 2.0′ to carry out experiments with the Bitcoin blockchain. The bank is investigating how it could use the distributed ledger for international payments and smart contracts.
D-CENT, a European-wide project aiming to build an open, decentralized and distributed social networking platform for large-scale collaboration, is being supported by €1.905 million from the European Commission (EC).
The Cape Innovation and Technology Initiative (CiTi) has announced the launch of South Africa’s first digital currency hub and incubator, an initiative aiming to support the local cryptocurrency community and foster the digital currency eco-system.
Citi has announced the winners of its Citi Mobile Challenge in Europe, the Middle East and Africa (EMEA). Among the winners, GetGems, a mobile bitcoin wallet and messaging app, received the title of the “Most Visionary Social Media Solution,” while Billon, a peer-to-peer blockchain-based payment solution, was named the “Most Innovative Blockchain Solution.”