The Role of Decentralized Finance (DeFi) in the Finternet: Unlocking Financial Inclusion and Innovation

The Finternet, a limitless financial space, is transforming significantly through decentralized finance (DeFi). Using blockchain technology, DeFi redefines how individuals interact with, access, and utilize financial services. It removes the need for traditional intermediaries, offering a more accessible, transparent, and cost-effective alternative to conventional systems. Let’s explore how DeFi [...]

September 18, 2024

The Finternet Revolution: Redefining the Future of Global Finance

The financial realm stands at the brink of a shift promising to alter how we handle money, carry out transactions, and oversee affairs. This transformation is encapsulated in the concept of “Finternet” – an innovative global financial ecosystem grounded in technologies like Blockchain, Decentralized Identity, and Smart Contracts. What [...]

August 29, 2024

Digital Trust: The Cornerstone of BFSI

Digital trust is paramount for growth and sustainability in the Banking, Financial Services, and Insurance (BFSI) industries. As organizations rush to embrace digital transformation, the significance of digital trust cannot be overstated. Establishing digital trust involves a multifaceted approach encompassing robust cybersecurity, stringent data privacy measures, unwavering transparency, and ethical [...]

July 25, 2024

Embracing T+1 Clearing and Settlement in the U.S. Financial Markets: A New Era for Financial Markets

The Acceleration of Trade Settlement Periods: The efficiency and speed of trade settlements are critical to maintaining stability and trust in today’s fast-paced world of financial markets. The settlement periods for trade are becoming increasingly shorter due to continuous technological advancements. On May 28, 2024, this evolution took a significant [...]

July 11, 2024

Ensuring Aviation Stability: Safeguarding Against Meltdowns Through Comprehensive Digital Assurance

On January 11, 2024, a rare and unprecedented event unfolded as the Federal Aviation Administration (FAA) decided to ground all flights. The catalyst was critical issues within the system responsible for alerting pilots to potential airborne and ground dangers. This marked the first complete shutdown of U.S. airspace since [...]

March 7, 2024

From Core to Coreless: A Paradigm Shift in Banking

In the ever-evolving world of banking technology, the traditional core banking systems have long been the backbone of financial institutions. However, the limitations and challenges associated with these systems have paved the way for a paradigm shift towards coreless banking. Let us delve into the concept of coreless banking [...]

August 28, 2023

6 Top Use Cases of Blockchain for Insurance

The insurance industry plays a vital role in protecting businesses and individuals against potential losses. However, with technological advancements, customers expect faster and more personalized services, leading to increased complexity and challenges for traditional insurance systems. Blockchain technology offers a promising solution that improves cost efficiency, transparency, fraud prevention, compliance, [...]

April 6, 2023

Central Bank Digital Currency (CBDC): Here is All You Need to Know

As the name suggests, CBDC is the central bank-issued digital currency. It is an electronic form of sovereign currency that will appear as a liability on a central bank’s balance sheet just like physical currency. Instead of printing money, the central bank, backed by the central government, issues electronic [...]

September 5, 2022

How NFTs are Reinventing the Digital World

One of the technological evolutions that has caught the attention in recent times is Non-Fungible Tokens (NFTs). It has been a phenomenon, with the values of some of the NFTs reaching astronomical heights. It remains to be seen whether this will be a bubble like the Tulip Mania or [...]

June 30, 2022

Reshaping Syndicated Lending - A DLT Use Case

Syndicated Lending: Use Case on DLT Streamlines the Process

Blockchain technology (within the broader distributed ledger technology umbrella) has received many eyeballs over the last decade, moving beyond the admiration of niche cryptocurrency fanatics and into the mainstream conversation of experts and investors, especially in the banking and financial services space. Whether it is Payments, P&C (Property & casualty) [...]

June 2, 2022