Latest Wholesale banking News: Finextra Research

Blockchain-based securities issuance platform iownit.us greenlighted by Finra

Broker-dealer IOI Capital and Markets (Ioicm) has secured Finra membership, paving the way for the launch of its blockchain-based securities issuance platform.

21 August 2019

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Irish banking federation sets up cross-sector Fintech Foresight Group

Banking & Payments Federation Ireland (BPFI) has established a Fintech Foresight Group to harness new technical developments from the startup ecosystem and help to inform policy under the Government’s financial services strategy, Ireland for Finance.

20 August 2019

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Payments driving fintech M&A

Payments processing is the engine driving the financial technology venture market, with three mega-transactions accounting for $87 billion in deal value during the first half of 2019.

20 August 2019

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Dissecting AI hype and FOMO

While artificial intelligence is transforming several industries, the financial sector has a lot to learn from specific case studies in non-banking areas such as health, travel and retail. To start at the beginning, despite the term AI having been bandied about with a number of different definitions, the actual definition is simple: technology that appears intelligent.

19 August 2019

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ICE unit Bakkt to launch Bitcoin futures contracts next month

Intercontinental Exchange's new Bakkt subsidiary has received the regulatory green light to start offering custody and physically delivered Bitcoin futures contracts.

19 August 2019

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Coinbase buys Xapo custody business

Coinbase has taken its assets under custody to $7 billion by buying the institutional business of Xapo for a reported $55 million.

16 August 2019

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APIs in the cloud are now the prevailing archetype

The future lies in microservices in the cloud. While the financial services industry continues to discuss digital transformation, actions speak louder than words. Organisations that want to meet the needs of the next generation of consumers will use software comprising small services that communicate over well-defined application programming interfaces (APIs) deployed independently – the microservices approach.

16 August 2019

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Tide debuts TV ad campaign

UK fintech Tide will begin advertising their online business banking account on television, expanding on their One Less Thing to Improvise campaign having debuted on Sky AdSmart this week.

16 August 2019

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Finastra wins second neo banking client for cloud-based core package

Finastra has scored its second core cloud banking deal with an up-and-coming UK neo bank, adding SME-focused startup Gravity to its client roster.

15 August 2019

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White hat hackers expose huge biometric security breach

Privacy researchers at vpnmentor have uncovered a huge data breach in security platform Biostar 2, a centralised biometric access control system used by UK police forces and major banks.

14 August 2019

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Northern Trust applies machine learning to securities lending

Northern Trust has developed a pricing engine for securities lending that utilises machine learning and advanced statistical techniques to forecast lending rates for 34 global markets.

14 August 2019

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RBS bail out fund disburses further £40 million

Atom Bank, iwoca, Modulr Finance and Currencycloud have each been awarded £10 million from the Banking Competition Remedies Board to provide lending or payment services to the UK's SMEs.

14 August 2019

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