630 Results from /wholesale, 2019
/wholesale
US investment data management outfit Confluence has sealed a deal to buy UK portfolio analytics company StatPro for £161.1 million.
29 October 2019
Post-trade blockchain startup Paxos has been given the go-ahead from the Securities and Exchange Commission to process transactions in the US equities market.
Significant job cuts could be on the cards for HSBC staff after chief executive Noel Quinn signaled a major restructuring programme across the bank's UK and US business lines.
28 October 2019
Greensill, a UK-based supplier of alternative supply chain finance, has secured a $655 million follow-on investment from SoftBank Vision Fund.
Nordea has plunged into the red after plans to slash jobs and centralise its IT operation contributed to a EUR1.3 billion impairment charge in the third quarter.
25 October 2019
Sumitomo Mitsui Financial Group has joined forces with Fujitsu and the Japan Research Institute (JRI) to trial the use of AI to scan for bugs in coding and automatically recommend software repairs.
The US Office of Comptroller of the Currency has suffered a potentially fatal setback in its attempts to offer banking charters to fintechs after a New York judge ruled that the agency was acting beyond its remit.
23 October 2019
Commerzbank, Deutsche Bourrse and Meag, the asset manager of Munich Re and Ergo have undertaken a delivery-versus-payment transaction entailing the use of securities and cash tokens for settlement and collateral calls.
ING says it has solved the privacy versus security trade-offs on R3's Corda network through the application of a 'zero knowledge proof notary'.
Big Tech companies such as Google, Apple and Microsoft have yet to encroach on the investment funds industry, but new research from distribution network Calastone suggests they would have a ready market from young millennials.
Anna, the global body behind the assignment of International Securities Identification Numbers (Isins), has set up a technology taskforce to explore ways of extending its standards to digital asset trading.
Instabase, a US platform startup that helps banks and other firms build business applications from the ground up, has joined the unicorn club after closing a $105 million Series B funding round led by Index Ventures.
22 October 2019
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