
Tech-Focused CEO Finds Niche with Cryptocurrency
Under CEO Dave Mansfield, Amesbury-based bank has expanded regionally and nationally with specialty products, including those focused on alternative energy, and now cryptocurrency.
Under CEO Dave Mansfield, Amesbury-based bank has expanded regionally and nationally with specialty products, including those focused on alternative energy, and now cryptocurrency.
At Brookline Bank, our strategy for the transition has been similar to the preparation for Y2K: So far it is going smoothly, but not without an enormous amount of planning and cross-departmental teamwork.
The Provident Bank said in a statement released yesterday that it would become one of a few banks in the U.S. to wade into the waters of blockchain and bitcoin by offering deposit services to cryptocurrency-related clients.
As the price of Bitcoin sky rockets, credit unions are plunging deeper into the world of crypto-currencies, with the belief that investing in the block chain technology may pay off in the long run.
Commerzbank, Bank of Montreal, Erste Group Bank and CaixaBank have joined an initiative launched by UBS Group and IBM Corp. aimed at building blockchain-based technology to support trade finance transactions.
Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies.