Bank of America and the software giant will build and test technology, create frameworks and establish best practices for exchanges using blockchain. A proof of concept will also be done. Microsoft will serve as advisors and initial test clients.
Both companies said trade finance transactions are "highly manual, time-consuming, and costly." With blockchain, underlying financial processes can be digitized and automated, shorten settlement times, reduce risk, enhancetransparency and improve effici
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails