Tag Archives: marco polo

In what seems like a perfect match, Accenture has entered into a working relationship with a blockchain startup TradeIX to begin onboarding service for clients onto the Marco Polo Network. Sources have indicated that the relationship between the two entities began after Accenture made a yet-to-be-known investment in TradeIX. Accenture will provide specific use-case scenarios that go beyond their traditional banking services to provide unique solutions that involve trade finance for clients...

New York-based enterprise blockchain technology company R3 has just successfully completed its largest finance trial test, according to a recent announcement. The move was a trial of the Marco Polo Platform for Open Account Trade Finance by R3 and was hosted on the company’s Corda blockchain.According to the announcement, the test had participation from more than 70 organizations across over 25 countries and five continents. It also had more than 340 participants and big names from several...

The latest reports have revealed that the Bank of New York Mellon has officially joined the Marco Polo trade finance consortium. This consortium is known to run on R3’s Corda and BNY Mellon has become the 28th bank to join. The bank has been constantly investing in the blockchain space since 2015. As we highlighted previously, the investments have significantly increased in recent months.The $373-billion asset bank is reportedly evaluating Marco Polo’s technology intending to onboard clients...

Mastercard and fintech firm R3 have entered a partnership to develop a solution that will enable cross-border payments which include localized payments and interbank settlements and clearing of payment obligations. The solution will have a primary focus on connecting financial payment systems.Mastercard earlier this year has expanded its payment system with its acquisition of Transfast. This greatly improved its ability to clear transactions on a global scale as Transfast has operations and...