BLOCKCHAIN A potential Game-changer for Insurance claim

| April 30, 2018

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The blockchain is an immutable, distributed and mutualized digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. Blockchain technology, in general runs on four basic characteristic. Distributed means computation is spread across multiple nodes instead of just one. Decentralized means no node is instructing any other node as to what to do, thus removing the central authority to control the data. Blockchain technology is both since.

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Mercantile Exchange Corporation

Protect your company from the wild gyrations of foreign exchange rates. Mercantile Exchange is a dedicated corporate foreign exchange specialist offering forward contracts, fixed forwards, option forwards and spot contracts. Prompt trade settlement. Currency market updates and commentary. Also, our strategic alliance with Export Development Canada allows direct and indirect exporters the benefit of greater certainty about FX costs. If you're an importer, we can help, too.

OTHER ARTICLES

FinTech in Post-Covid 19 World

Article | April 7, 2020

FinTech industry has 2008 crisis to thank for its tectonic rise. A number of ingredients (e.g. cheap funding, mistrust for banks, availability of ex banking talent, etc) came together that turned last recession into a platform for the launch of a wave of FinTech innovations. Since FinTech was almost born out of the last crisis, it is only natural to wonder how Corona Virus-induced crisis will reshape FinTech.

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Insights from the Ground: Managing Through the COVID-19 Pandemic

Article | April 7, 2020

In this series, we share insights from our Citi Country Officers (CCOs) around the globe as they reflect on their experiences during COVID-19. CCOs are responsible for leading the entire Citi franchise in their country. They provide alignment and leadership to bring our global strategy to life in each of their jurisdictions. For us at Citi in Italy we prepared for the COVID pandemic in a number of different ways. First, we leveraged lessons learned from our colleagues in the countries that were hit before us, including China and Korea, even if their context was quite different from the European one.

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At Dunkin' tapping to pay is the safe and sweet alternative

Article | April 7, 2020

Retailers and restaurants are increasingly offering contactless payments as a safer alternative to cash in the new-normal of COVID-19 while improving the overall customer experience. Tapping to pay in the U.S. has increased 150% year over year from March of last year. More U.S. consumers continue to receive new contactless cards, with more than 80 million Visa contactless cards added in the first six months of 2020 and 300 million expected in market by the end of the year. It’s clear: workers and consumers alike want to minimize personal contact as much as possible.

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AI bankability: 10 ways artificial intelligence is transforming banking

Article | April 7, 2020

With plenty of post-recession anti-banking sentiment still lingering, it’s common to see fintech and traditional banks framed in oppositional terms. There’s some truth to that, especially with disruption-minded digital-only banks, but technological innovations have transformed banking of all stripes — and nowhere is that clearer than with artificial intelligence.

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Spotlight

Mercantile Exchange Corporation

Protect your company from the wild gyrations of foreign exchange rates. Mercantile Exchange is a dedicated corporate foreign exchange specialist offering forward contracts, fixed forwards, option forwards and spot contracts. Prompt trade settlement. Currency market updates and commentary. Also, our strategic alliance with Export Development Canada allows direct and indirect exporters the benefit of greater certainty about FX costs. If you're an importer, we can help, too.

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