IBM announced the launch of financial modeling investment app tools with cognitive programming for developers; the development is part of the firm's new IBM Cloud for Financial Services unit; with the announcement, IBM appears to be taking a lead role in supporting investment app development and is also integrating Watson and other cognitive programming. Source
CoinDesk is releasing their 2020 version of the CoinDesk 50, the most innovative, consequential and viable projects in the blockchain...
Bank of America earned 418 patents in 2019, which is 100 more than the 318 they earned in 2018 and...
IBM has joined the non-profit Sovrin Foundation which is looking to build a global decentralized identity system with blockchain technology; IBM will be a founding steward of the foundation and will be providing hardware, security and network capacity to further their cause. Source
The Bank of Montreal, Caixabank, Erste Bank and Commerzbank join the Batavia blockchain project; the project was launched by UBS and IBM last year; Batavia looks to transform the trade finance industry; Marie Wieck, general manager of the blockchain team at IBM, tells the FT, “there is now a shift from technology projects to more of what I’d call ecosystem projects like this one.” Source.
Business Insider takes a look at a growing trend in fintech as companies look to offer blockchain technology as a service; companies offering this already include Amazon AWS, IBM, Microsoft Azure and R3 Corda; this trend is seen as something that will only increase in the coming years as more adoption of this technology occurs in financial services and beyond. Source.
The running joke is that after Dodd-Frank banks have become compliance companies that happen to make loans. It is funny...
The main driver of today's entry is the news -- which has largely percolated -- that ConsenSys acquired Quorum from J.P. Morgan, as well as received an investment from the bank in the company. There is a lot of jargon in the blockchain industry, and I want to try to pull this news apart to explain why it is interesting both to incumbent financial services players, as well as meaningful to the developing decentralized finance industry.
IBM has hired Jesse Lund from Wells Fargo to lead its blockchain market development and global financial services departments; Lund will join IBM at the onset of its global blockchain implementation launch; IBM is investing in global blockchain and according to recent comments from Jerry Cuomo, IBM vice president of blockchain technologies, the blockchain that IBM will offer will have special things like regulatory compliance and it will be interoperable with interoperability standards; a large part of IBM's blockchain development will take place through the Hyperledger Project which both Cuomo and Lund will be actively involved in. Source
The company's speech recognition technology has reported a 5.5% error rate in speech recognition, breaking the previous speech recognition error rate of 5.9% set by Microsoft in October 2016; the current error rate for speech recognition falls just above the newly reported human error rate of 5.1%; the speech recognition error rate continues to be a focus area as speech recognition technology becomes more broadly utilized in consumer electronics and the internet of things. Source