Nine of the world's largest banks are backing an initiative to create a set of global standards for the use of distributed ledger technology in financial markets.
New York state's banking regulator has reached an agreement with Goldman Sachs, Deutsche Bank, Credit Suisse and Bank of New York Mellon on the record-keeping requirements of a new chat and messaging platform.
US authorities are questioning a host of global banks over their role in handling bribes to executives of football's global governing body Fifa, and the effectiveness of their anti-money laundering systems.
New York state's banking regulator has written to the firm behind a new instant messaging service backed by Wall Street's biggest banks asking about its document retention policies.
FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced the launch of a new Graphical User Interface (GUI).
Fintech conglomerate SunGard has confirmed that it is "considering pursuing" an initial public offering and using the proceeds to pay off debt.
Accenture (NYSE:ACN) and a group of 10 leading financial institutions today opened the application period for the second class of the FinTech Innovation Lab Asia-Pacific, kicking off a competitive search for the top financial technology (fintech) innovators in the region.
FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that Credit Suisse is now live as a liquidity providing bank to FXSpotStream’s price aggregation service from FXSpotStream’s sites in New York, London and Tokyo.
US peer-to-peer lender Prosper has scored a £165 million financing round led by Credit Suisse and supported by a clutch of top banks.
While it is unlikely to ever truly compete with traditional currencies, bitcoin could, when combined with the traditional finance system, have cost advantages over credit cards and money transfer firms like Western Union, according to a Credit Suisse article.
© Finextra Research 2015