A dozen member banks of the R3 distributed ledger consortium have been trialling Ripple's network and native currency to tackle the costs and inefficiencies of interbank cross-border payments.
A group of five major banks, working with Thomson Reuters, IHS Markit and Axoni, have carried out a successful test of blockchain technology and smart contracts to manage affirmations and post-trade lifecycle processing for OTC equity swaps.
JPMorgan Chase, Icap and Barclays are among the big names that have joined a $30 million Series A funding round for cloud-based trading communications provider Cloud9 Technologies.
Barclays has partnered with Xero, the global leader in online accounting software, to provide UK businesses with access to their transaction data through Xero’s direct feed functionality.
Is a cashless society inevitable, asks Nick Kerigan, managing director of future payments at Barclaycard.
The Bank Awakens saw 547 teams and 1,045 participants compete over 36 hours on Saturday and Sunday in Mumbai, India, and Manchester, UK, where Barclays has two of its Rise innovation hubs.
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Barclays Bank PLC (Barclays) for failing to create, maintain, and promptly produce required confirmations for a significant number of Exchange for Related Position (EFRP) trades in violation of CFTC Regulations.
Barclays is to stage a simultaneous two-way hackathon between its fintech hubs in Manchester and Mumbai to provide startups with a chance to showcase their innovations to top decision makers at the bank.
Barclays Bank has signed contracts with six fintech startups participating in its accelerator programme in New York.
Barclaycard is embedding its bPay contactless payments technology within personalised protective smartphone cases.
© Finextra Research 2016