Updated & Revised to include over 400 Banks & Financial Institutions using blockchain technology in 2020 ________________________ The below article is from: . The list has been updated, however, to include over double the banks originally listed. At the time of publishing, the list contains 414 banks and Financial Institutes from around the world that have invested in blockchain technology to some degree. Comprehensive List of Banks Using Blockchain Technology One of the industries which have been the most opposed to blockchain technology is the finance industry, but specifically banks. Initially, they saw the concept of blockchain as direct competition, actively removing the control they have over the funds and accounts of their customers. However, major players in the finance industry have increasingly begun to warm up to blockchain. Financial institutions and other major companies are inherently slow in adopting any new technology, but have actually been exploring various use cases for some time now. So let’s take a look at which institutes have already implemented the change or are looking into it as we speak. According to CEBNet in early 2019, of the 26 publicly listed banks in China, 12 have already adopted blockchain technology for various use cases within their systems. These banks vary from state owned ones like the Bank of China, China Construction Bank and the Agriculture Bank of China, to privately owned ones, including China Merchants bank. This is just China, before the strong public drive for blockchain adoption in late 2019, but the sentiment remains positive throughout the rest of the world. ALFA Bank from Russia, Yes Bank from India, UOB (United Overseas Bank) from Singapore, CommonWealth Bank from Australia, and LatiPay from New Zealand are a few banks that have collaborated with a US based blockchain company. The Federal Bank from India & Lulu Exchange have partnered with a Bengaluru based fin-tech company. Axis Bank, RAK Bank, & Standard Charter Bank have connected with another blockchain network. Kotak Bank, which enables blockchain based trade finance operation, partnered with Deloitte & JP Morgan Singapore. Other use-cases within the financial sector which have been developed include simplying and speeding up cross-border payments, improving trading accuracy, reliability and shorter settlement processes. Smart contracts have created benefits with the processing of transactions by removing the need of the middle man, as well as being used to develop loyalty and rewards systems. There are a lot more banks working within multiple technology & service providers to integrate blockchain in their Use Cases. This just demonstrates the demand in all industries for the adoption of blockchain technology. is making this possible with the ecosystem and the aelf Innovation Alliance which will enable blockchain technology to be adopted and integrates into mainstream organizations large and small. This has enabled the alliance to be successful with partnerships from experts and influencers like and , , and . Not only do organizations now have a platform to build upon, but they have resources, capital and expert advisors at their fingertips, which is all made possible through the this revolutionary initiative. Aelf aelf Michael Arrington Arrington XRP Capital Huobi Labs FBG Capital aelf ________________________ Below is a list of over 400 banks and financial institutes using or soon to be using blockchain technology: Banks 77 Bank ABN AMRO AEON Bank AIB Akbank Akita Bank Al Rajhi Banking & Investment Corporation Alawwal Bank Alfa Bank Allied Irish Bank ANZ (Australian and New Zealand Bank) Aomori Bank Al Rajhi Bank Ashikaga Bank ATB Financial Axis Bank Awa Bank Alipay Ant Financial B3 Banco Bilbao Vizcaya Argentaria (BBVA) Banca Intesa Sanpaolo Banca Mediolanum Banca Mifel Banco BICE Banco Bisa Banco Bradesco Banco de Crédito del Perú Banco de Investment Global Banco de Sabadell Banco de Galicia y Buenos Aires Banco Industrial Banco Mercantil del Norte Banco Mercantil Santa Cruz Banco Nacional de Bolivia Banco Popular Dominicano Banco Regional Banco Santander Bangkok Bank Bank ABC Bank Al Habib Limited Bank Busan Bank Dhofar Bank Frick & Co Bank Of America|Merrill Lynch Bank of Cyprus Bank Of England Bank of France Bank Of Indonesia Bank Of Iwate Bank Of Leumi Bank of Lithuania Bank of Montreal Bank Of Nagoya Bank Of Okinawa Bank Of Thailand Bank Of The Ryukyus Bank Of Tokyo-Mitsubishi UFJ Bank Of Yokohama Bankinter Banorte Banreservas Banque Internationale de Commerce — BRED (Suisse) Banque Thaler Barclays’ investment bank BCI Bexs Banco De Cambio BMO Financial Group (Bank of Montreal) BNP Paribas BNY Mellon BRAC Bank Limited Banco BTG Pactual Bank Mellat Bank Melli Iran Bank Pasargad BBVA CBW Bank (Citizens Bank Of Weir) Central Bank of Brazil Chiba Bank Chiba Kogyo Bank China Banking Association China Merchant Bank China CITIC Bank International Limited China Guangfa Bank Chong Hing Bank Limited Chugoku Bank (Bank of China) CIBC (Canadian Imperial commercial banks) CIM Banque S.A Geneve Citi Coast Capital Savings Commercial Bank of Africa Limited Commerzbank Commonwealth Bank Of Australia Cooperatieve Rabobank Credicorp Bank Credit Agricole Credit Libanais SAL Credit Suisse Cross River Bank CTBC Bank Cuallix Daishi Bank Daiwa Next Bank Danske Bank DBS Bank (Development Bank of Singapore) Deloitte DenizBank A.S. Deutsche Börse DNB Deutsche Bank Ehime Bank Eastern Caribbean Central Bank EQI Bank First America Bank Federal Bank of India Federal Reserve System Fidor Bank Fukui Bank Gazprombank Gunma Bank Goldman Sachs Habib Metropolitan Bank Limited Hachijuni Bank Hiroshima Bank HOKURIKU BANK Hong Kong Monetary Authority HSBC (Hong Kong Shanghai Bank) HYAKUGO BANK ICICI Bank Indovina Bank Ltd IndusInd Bank (Indus India Bank) Intesa Sanpaolo (Intesa Sanpaolo) Itau Unibanco Iyo Bank ING Japan Post Bank Joint Stock Commercial Bank for Investment and Development of Vietnam Joint-Stock Company BCS-Investment Bank JPMorgan JS Bank Limited Juroku Bank KASIKORNBANK Public Company Limited KEB Hana Bank Keiyo Bank Kotak Mahindra Bank Krungsri (Bank Of Ayudhya / Bank of Ayudhya) Kuveyt Turk Katilim Bankasi Kuwait Finance House Macquarie Group MauBank Limited Michinoku Bank Mitsubishi UFJ Trust And Banking Corporation Mizuho Financial Group Monetary Authority Of Singapore Morgan Stanley Musashino Bank National Australia Bank National Bank Of Abu Dhabi (NBAD) National Bank of Cambodia National Bank of Canada National Bank of Egypt National Bank of Kenya Limited National Bank Of Kuwait Natixis NISHI-NIPPON CITY BANK Nomura Trust And Banking Company Norddeutsche Landesbank Girozentrale Nordea Bank Norinchukin Bank North Pacific Bank NPCI (National Payments Corporation Of India) Oita Bank ORIX Bank Oversea-Chinese Banking Corporation PKO BP Prime Bank Ltd. Privatbank IHAG Zurich PT Bank Central Asia Tbk PT Bank CIMB Pakistani Central Bank Rabobank Nederland Raiffeisen Bank RAKBANK (National Bank Of Ras Al-Khaimah PJSC) RBL Bank RCBC RCI Bank & Services ReiseBank Reserve Bank Of India Resona Bank Royal Bank Of Canada Royal Bank Of Scotland San-In Godo Bank Santander Bank Saudi Arabian Monetary Authority (SAMA) SBI Sumishin Net Bank Scotiabank (Nova Scotia Bank) SEB Senshu Ikeda Bank Seven Bank Shanghai Huarui Bank (SHRB / Shanghai HanaMizuho Bank) Shiga Bank Shikoku Bank Shimizu Bank Shinhan Bank Shinkin Central Bank Shinsei Bank Shoko Chukin Bank Siam Commercial Bank Skandinaviska Enskilda Banken (SEB) SMBC Societe General Sony Bank South African Reserve Bank South Indian Bank Standard Chartered Bank Star One Credit Union Sumitomo Mitsui Banking Corporation Sumitomo Mitsui Trust Bank Suruga Bank Sveriges Riksbank Switzerland’s UBS Synchrony Bank Signature Bank Silvergate Bank The First International Bank of Israel Ltd Tochigi Bank Toho Bank Tokyo Star Bank Toronto-Dominion Bank Towa Bank Tsukuba Bank Turkiye Finans Katilim Bankasi Telenor Microfinance Bank UBS Union Bank United Overseas Bank UniCredit Union Bank Of The Philippines US Bancorp Vietnam Joint Stock Commercial Bank for Industry and Trade Volksbank Mittweida Wells Fargo Westpac Bank Woori Bank WEG Bank Yachiyo Bank Yamagata Bank Yamaguchi Bank Yes Bank __________________ Other institutes related to Financial Services Accenture Ainslie Bullion AirWallex ALFAcashier American Express AstroPay Australian Stock Exchange and Depository Trust Banquecorp Physical Gold BCS Information Systems BeeTech Bill & Melinda Gates Foundation BitcoinIRA BitGo Bladex Bluzelle BNY Mellon Bolsa de Madrid BPCE Bradesco Bloomberg BNP Paribas Boerse Stuttgart Digital Ventures BP PLC Cambridge Global Payments CBH Compagnie Bancaire Helvétique CGI CIBC Clearing Corporation [DTCC] CLS Group Coil Crypto Facilities Currencies Direct Daiwa Securities Group Davivienda DAYLI Financial Group Deloitte Touche Tohmatsu DH Corporation Dianrong Digiledge Dinex DLocal DBS DTCC Earthport Ernst & Young Everis European Central Securities Depositories Association Exchange4Free Expanse Expertus Technologies EZforex Employees’ Retirement System eToro FairFX FlashFX Fulton Financial Corporation Fidelity Investments Global ID Gold Bullion International GSR Markets Ho Chi Minh City Development JS Commercial HQLA IBM IDT Corporation Infocomm Development Authority Of Singapore Infosys InstaReM IntellectEU International Foreign Exchange (IFX) Intesa Sanpaolo Itaú International Chamber of Commerce International Securities Services Association Jaccoo Jamica Stock Exchange Julius Baer KB Financial Group LatiPay Lianlian Pay Lulu Exchange Linx Partners London Metal Exchange London Stock Exchange Luxembourg Stock Exchange Marqeta Mastercard MIT (Massachusetts Institute of Technology) MoneyMatch Mercury FX MoneyGram Morgan Creek MUFG Natixis New Forest Capital Niaga Tbk Nordea Northern Trust NASDAQ Nomura OANDA Omidyar Network Omni OP Financial Group Paris Europlace Paycase Financial Persistent Systems PolySign Portal Finance Paypal Proof of Capital Qiwi R3 CEV RationalFX Reyl & Cie SA RIALTO.AI Revolut Saldo.Mx SAP Satoshi Systems SBI Holdings SBI Remit SBI Ripple Asia SBI Virtual Currencies Scopus SEB Group Shuttle Holdings SIA Singapore Exchange (SGX) Smart Token Chain SnapCheck Sparro SRI Capital Stock Exchange of Thailand SuMi TRUST SunTrust SWIFT (Society for Worldwide Interbank Financial Telecommunication) SGX SIX Group Société Générale SoFi Square Swissquote TAS Group Tata Consultancy Services (TCS) Telindus Temasek Holdings Temenos The PAR Foundation The Royal Mint TradeCloud TradeIX TradeWind TransferGo Thai Stock Exchange The National Payments Corporation of India Thomson Reuters Eikon Tora UAE Exchange (UAE Exchange) Union FX UniPAY Viamericas Corporation Volante Technologies Virginia’s Police Officer’s Retirement System Visa Western Union Yantra Financial Technologies Zip Remit If you find a bank or financial institute not on this list please comment or message me directly so I can add to this list. At the time of writing this was the most comprehensive list available to the public

Chain

American Express

Bank of America

Coil

Mastercard

Morgan Stanley

Northern Trust

Sony

Visa

COVID19 Can Reach 1 Million Cases in 4 days : What Next?

This Bull Run is Fundamentally Different Than the Previous One. Here’s Why

Read My Stories

Too Long; Didn't Read

Download free Tech Leaders Productivity Report!

Comprehensive List of Banks using Blockchain Technology in 2020  [Updated]

Comprehensive List of Banks using Blockchain Technology in 2020 [Updated]

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

A Comprehensive List of Enterprises Partnering with blockchain in 2019

(1/100) Crypto Countdown: Golem

A Research Report on the Trader $JOE DeFi Platform

07/03/2018: Biggest Stories in the Cryptosphere

05/02/2018: Biggest Stories in the Cryptosphere

A Comprehensive List of Enterprises Partnering with blockchain in 2019

(1/100) Crypto Countdown: Golem

A Research Report on the Trader $JOE DeFi Platform

07/03/2018: Biggest Stories in the Cryptosphere

05/02/2018: Biggest Stories in the Cryptosphere

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps