Latest Wholesale banking News: Finextra Research

Competition watchdog to investigate UK current account and SME banking market

The UK's Competition and Markets Authority is to launch a full-scale investigation into personal current accounts and SME banking, following a three month consultation exercise.

06 November 2014

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Barclays invites pitches for fintech accelerator programme

Barclays and Techstars have opened the application process for the second cohort of their fintech accelerator programme, which will give a further ten businesses the chance to shape the future of financial services.

04 November 2014

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UK government launches 'Call for Information' on virtual currencies

The UK government has launched a 'Call for Information' on the benefits and risks of digital currencies, as part of moves to support the growth of Britain’s booming fintech scene.

04 November 2014

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FIS and Credit Agricole launch post-trade utility

FIS has paired with Crédit Agricole Corporate & Investment Bank to launch a post-trade utility for the derivatives market.

04 November 2014

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Barclays and CommBank explore open source collaboration pact

Barclays Bank is to work with Commonwealth Bank of Australia on the development of open source tools for analysing large data sets in an effort to break free from the tyranny of vendor licensing fees.

03 November 2014

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TIM Group scores £2m strategic debt financing from Barclays

TIM Group, the fintech outfit behind a software platform used by stock brokers to submit trade ideas to clients, has secured £2 million in strategic debt funding from Barclays.

31 October 2014

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UK watchdog to investigate blockchain potential

The Financial Conduct Authority is to investigate ways in which the technology underpinning bitcoin can be used elsewhere in the formal financial services industry.

29 October 2014

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Bank spend on innovation set to soar

Financial institutions the world over are raising their innovation spend significantly in a desperate attempt to fend off the threat to the established hegemony from technology companies, telcos, and emerging startups, according to fresh data from Efma.

29 October 2014

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Former SEC chairman Levitt becomes advisor to bitcoin firms

Former US Securities and Exchange Commission chairman Arthur Levitt is taking on advisory roles at bitcoin firms BitPay and Vaurum. He enters the cryptocurrency industry as it digests rulings from regulators that could see many companies classed as money transmitters.

28 October 2014

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Eagle Alpha swoops on $1.2 million funding round

Eagle Alpha, a startup which scans online chatter to discern profitable trading patterns, has scored $1.2 million in funding from individual industry investors.

28 October 2014

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EU regulators ask for FX traders' Facebook chats - Bloomberg

European Union antitrust regulators have asked banks to hand over the Facebook messages of foreign exchange traders, according to Bloomberg.

27 October 2014

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OpenGamma names Beeston as chairman; appoints Conde to the board

Open source risk management outfit OpenGamma has named Mark Beeston as its new chairman and appointed Cristobal Conde to its board of directors as it leans on heavyweight industry support to move the company forward.

27 October 2014

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