24 July 2014

All wholesale banking news

Barclays has filed a motion seeking to throw out a lawsuit from the New York Attorney General accusing the bank of deceptively luring unwary investors to a dark pool that was actually being run for the benefit of predatory high-frequency traders.

A business incubation programme run by a consortium of UK universities has been pitching promising startup companies to Barclays Bank.

Fintech vendor Iress is promising to bring market data to the masses through a tool that allows people to request share process information through Twitter.

Interbank messaging network Swift has signed up another six major banks to its KYC Registry initiative as it gears up for a launch at the end of this year.

A collection of 10 fintech startups from around the world have battled their way onto an accelerator programme run by Startupbootcamp.

Venture capital interest in payment industry startups appears to be on the wane as investors wise up to the difficulties of achieving scale in a complex, competitive market.

 

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