Cloud9 Technologies LLC, a cloud-based voice trading communication provider for financial firms and institutional traders, announced today the closing of an initial investment round with J.P. Morgan, ICAP, and Barclays.
Four major banks, the DTCC and Markit have announced the completion of a successful test of the use of distributed ledger technology and smart contracts to manage post-trade processes in the credit default swaps market.
Chase Bank has been barking up the wrong tree, halting a disabled dog owner's online payment because of a mix up over the mutt's name and terrorist outfit Isis.
JPMorgan Chase is testing the use of distributed ledger technology to move US dollars between London and Tokyo, working with about 2200 clients on the trial ahead of possible live transactions later in the year.
The Financial Solutions Lab (FinLab), an innovation programme created by the Center for Financial Services Innovation (CFSI) and founding partner JPMorgan Chase, has opened applications for a £3 million, two-year challenge to address financial shocks.
Markit has acquired syndicated loan technology from JPMorgan in a bid to ease third party connectivity issues for market participants and shorten loan settlement timeframes. Financial terms were not disclosed.
JPMorgan has begun a trial project to test the use of blockchain technology in its loan trading operations, according to a report in the Financial Times.
JPMorgan Chase is revamping its ATM fleet, enabling customers to make cash withdrawals with their mobile phones, rather than cards.
Digital Asset Holdings, the blockchain startup helmed by former JP Morgan luminary Blythe Masters, has raised more than $50 million in a funding round joined by some of the biggest names in financial services, including Citi, Deutsche Börse and Santander InnoVentures. One of the investors, the ASX, has also handed Digital Asset a contract to design a post-trade settlement system using distributed ledger technology.
Digital Asset Holdings, the blockchain startup helmed by former JP Morgan luminary Blythe Masters, has brought onboard more banking heavyweights and opened a London office.
© Finextra Research 2016