Barclays

Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide

<header class=”article__header”> </header> <strong>Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany.</strong> Also read: Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000 …

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Barclays Hackathon to Attack Data ‘Silos’ With Blockchain

Barclays is holding another hackathon to tackle the financial services industry’s perennial problem of systems that don’t talk to each other. Once again, blockchain will take center stage.  The second annual DerivHack 2019 will take place October 16-17 in Barclays’ Rise accelerator spaces in London and New York, sites of last year’s 48-hour coding marathon, …

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Coinbase and Barclays Part Ways, Will UK Users Be Affected?

It is being reported that Barclays, the London-based global bank, recently stopped banking for Coinbase, the United States-based crypto exchange. Coinbase reportedly found a quick replacement in the form of another United Kingdom-based establishment, ClearBank.  While Barclays connected San Francisco-based Coinbase to the U.K. Faster Payments Scheme (FPS), enabling instant withdrawals and deposits of British …

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Barclays May Be Ending Work With Coinbase, Transactions in GBP to Slow

British banking giant Barclays has reportedly cut ties with United States crypto exchange Coinbase. As Coindesk reported on August 13, unnamed industry sources have said that Barclays will no longer be banking for Coinbase, severing a relationship that began when Coinbase opened a Barclays account in March 2018. The news is expected to hit the …

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Barclays Is No Longer Banking Coinbase

The most prestigious banking relationship in crypto has ended. Barclays, the London-based global bank, is no longer working with cryptocurrency exchange Coinbase, industry sources told CoinDesk. And while Coinbase found a replacement in U.K. upstart Clearbank, according to people familiar with the situation, the change has indirectly inconvenienced the exchange’s users. That’s because, aside from …

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Barclays and RBS Have Reduced the Real Estate Transaction Process Four Times: Who Benefits?

Recently, Barclays and the Royal Bank of Scotland (RBS), with the participation of enterprise software company R3, successfully tested a blockchain project that will speed up real estate transactions. Such a solution can provide transparent and fast operations for the end user, R3 officials say. However, is it already possible to talk about a breakthrough …

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Fidelity Hires Barclays’ Former Head of Digital Assets

Financial services giant Fidelity Investments has hired a former head of digital assets project at investment bank Barclays. The new hire, Chris Tyrer, joined Fidelity at the end of April, according to his LinkedIn profile update. The profile, however, does not mention any further details on the role, except the mention of “Digital Assets.” Tyrer worked …

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Barclays, RBS Join 40-Strong R3 Blockchain Real Estate Trial

Two major United Kingdom banks — Barclays and Royal Bank of Scotland (RBS) — have joined a trial using blockchain to streamline real estate purchasing after rethinking the technology’s potential, Bloomberg reported on April 4. The trial, which involved a total of 40 participants, used a tool from Instant Property Network (IPN), a startup using …

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Blockchain Sleuthing Startup Chainalysis Raises $30 Million

Chainalysis, the cryptocurrency transaction analysis startup, has raised $30 million in Series B funding. The firm will use some of the funding to open a new office in London and a research-and-development lab in a bid to expand its presence in the U.K., where it has worked closely with the likes of Barclays, the High …

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High School Team Places Third in Barclays Blockchain Challenge Event

If understanding how distributed ledger tech works inside banks is complex, finding ways to make different varieties of enterprise blockchains talk to each other is a doozy of a challenge. And yet, that’s exactly what a team of high school students – soon to sit their A-Level exams in computer science – has done. The …

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