Latest Post-trade & ops News: Finextra Research

UK clearing houses to be subject to formal cybersecurity reporting

Clearing houses in the UK will have to complete regular cybersecurity reports due to new legislation likely to be introduced in May 2018.

25 August 2017

News/Post-trade & ops

Frankfurt predicts Brexit jobs boost at London's expense

A recently published report states that, contrary to the fears of Brexit-sceptics, the UK's exit from the European Union will create as many as 80,000 new jobs - the majority of which will be in financial services. The only problem for Brexiteers is that the jobs will be in Frankfurt rather than London.

25 August 2017

News/Post-trade & ops

Bank of America applies AI to streamline client payment processing

Bank of America has worked with fintech startup High Radius to apply artificial intelligence to corporate processing of accounts receivables.

23 August 2017

News/Post-trade & ops

Options lands $100 million PE investment

UK capital markets technology outfit Options has scored a significant $100 million investment from New York-based private equity house Bregal Sagemount.

16 August 2017

News/Post-trade & ops

SIX Swiss Exchange to apply DLT tech from Nasdaq in structured products line

SIX Swiss Exchange is to investigate the prospect of using distributed ledger technology in its over-the-counter structured product business as part of its long-standing trading technology contract with Nasdaq.

09 August 2017

News/Post-trade & ops

Euronext acquires stake in LCH France

Euronext has agreed a deal to acquire an 11% stake in the French operations of LCH Group on the back of a ten-year derivatives processing arrangement.

08 August 2017

News/Post-trade & ops

Former Deutsche COO takes stake in DLT venture Cobalt

Cobalt, the FX post-trade processing network based on shared ledger technology, has closed an investment from Henry Ritchotte, the former Deutsche Bank COO who will also become a member of the startup's strategic advisory board.

03 August 2017

News/Post-trade & ops

Blockchain-based trade matching engine gets the nod from ING

Dutch bank ING believes the days of mismatched trading tickets could be drawing to a close after conducting tests of a blockchain-powered trade confirmation platform in partnership with Calypso and the R3 consortium.

01 August 2017

News/Post-trade & ops

Mizuho and NRI use AI to eliminate tedious derivative contract procedures

Japan's Mizuho Bank has been working with Nomura Research Institute (NRI) on the use of artificial intelligence to eliminate lengthy and complex derivative contract procedures.

01 August 2017

News/Post-trade & ops

Euroclear backs away from gold bullion blockchain project

Euroclear has walked away from a blockchain partnership with Paxos for the London gold bullion market that was set to go into live production later this year.

28 July 2017

News/Post-trade & ops

Machines could take over 30% of bank jobs: McKinsey

Robots, artificial intelligence and other forms of automation could take over almost a third of investment banking jobs within just a few years, according to a recent report from consultant McKinsey.

21 July 2017

News/Post-trade & ops

Corporates rally round Swift gpi

Six leading Swiss corporates with international operations - including ABB, Nestle, Roche, SBB, Swiss Re and Wurth – have issued an open letter in support of Swift's global payment innovation initiative to improve the speed, transparency and predictability of cross-border payments.

19 July 2017

News/Post-trade & ops

Liquidshare DLT joint venture formed by seven-strong finance consortium

A Paris-based consortium of top-rank financial firms are to pool resources in the establishment of a joint venture company that plans to use distributed ledger technology to ease the post-trade processing of SME lending operations.

11 July 2017

News/Post-trade & ops

BNP Paribas loads first share registers on to blockchain platform

BNP Paribas Securities Services and crowdfunding outfit SmartAngels have loaded the share registers of five of their clients onto a new platform designed to allow private companies to issue securities on the primary market and give investors access to the secondary market using blockchain technology.

05 July 2017

News/Post-trade & ops

Commerzbank steps up focus on trade finance transformation

Commerzbank is to work with the Fraunhofer-Institute for Material Flow and Logistics (IML) in Dortmund to test and develop new scenarios for digitisation of trade and supply chain finance using distributed ledgers and the Internet of Things.

04 July 2017

News/Post-trade & ops

Banking consortium awards Digital Trade Chain contract to IBM

Seven of Europe’s largest banks have selected IBM to build and host a new trade finance platform using Big Blue's Hyperledger Fabric.

27 June 2017

News/Post-trade & ops

Asset managers failing to adapt to digital world

Less than half of global asset managers and asset owners think that they are adapting technology quickly enough to support their business growth needs, according to a survey from State Street.

27 June 2017

News/Post-trade & ops

Fifteen startups selected for EBAday Fintech Pavillion

Finextra and the Euro Banking Association have selected 15 of Europe's most promising startups to present their ideas to banking delegates attending EBAday 2017, the continent's leading payments and transaction banking event.

02 June 2017

News/Post-trade & ops

Singapore opens up on DLT trials

Singapore is pushing ahead with its investigation into the use of a tokenised dollar on a distributed ledger for inter-bank payments.

31 May 2017

News/Post-trade & ops

R3 raises $107m

In the largest funding round in the history of distributed ledger technology, the R3 consortium has raised $107 million from around half of its members as well as Intel and Temasek Holdings.

23 May 2017