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NAB joins global banks to design 'blockchain' protocols

2015-10-14 16:26:02| Automakers - Topix.net

National Australia Bank has joined Commonwealth Bank of Australia and a group of 20 global global banks in a trial of "distributed ledger" technologies based on the "blockchain" that facilitates bitcoin transactions. The blockchain and similar decentralised ledgers use computers with advanced encryption to keep track of transactions, bypassing traditional banks or clearing houses.

Tags: design global banks protocols

Canadian banks tighten expenses amid shifts in sector, slower growth

2015-10-13 00:13:31| Grocery - Topix.net

Canada's big banks are taking a hard look at their expenses in response to an uncertain economy, shifting consumer preferences and rising competitive threats in what could be a prolonged adjustment to a new era. Cost-cutting announcements have become standard, driven by new chief executive officers who can make tough decisions early in their tenures.

Tags: growth sector canadian banks

CGI launches new offerings to help transaction banks explore...

2015-10-12 14:25:00| IT Services - Topix.net

These offerings include a comprehensive Global Transaction Banking vision paper, an online self-assessment tool, and a new GTB web section to help clients develop concrete GTB roadmaps that align with their strategic priorities and drive growth. , Vice-President and Global Lead, Financial Services, CGI.

Tags: cgi explore banks transaction

Development banks pledge $15 bln in new climate funds: officials

2015-10-10 00:29:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: Development banks including the World Bank have pledged an additional $15 billion a year by 2020 to fight climate change, taking the world closer to the clutch target of $100 billion, officials said Friday. Just two months before key UN climate talks in Paris, world leaders are scrambling to reach the magic number of $100 billion in funding to combat global warming and help vulnerable nations cope with the impact of climate change. The figure, agreed in previous rounds of talks, is seen as...

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