Euronext is to acquire a 90% stake in spot FX trading network FastMatch for an initial cash consideration of $153 million.
Banks across Switzerland are developing a standard operating system for all ATMs in the country, providing consumers with a common user interface and new capabilities for cardless transactions.
Vendor Synaps Loans and a group of banks working under the R3 blockchain banner, say they have made big progress in an initiative to apply distributed ledger technology to an overhaul of the antiquated and costly manual intervention in the $3 trillion global syndicated loans market.
Credit Suisse has partnered with Singaporean account aggregation startup Meisitis to provide clients of its digital private banking platform with a single portfolio view of their holdings across multiple institutions and asset classes.
Credit Suisse has carried out a global hackathon to find ways in which the R3 Corda distributed ledger platform can be used to make big cost savings.
Thomson Reuters has moved to strengthen its KYC management services and legal entity data by buying Clarient and Avox from the DTCC and its bank partners. Financial terms were not disclosed.
OnDeck® (ONDK), the leader in online lending for small business, announced today the closing of a $200 million asset-backed revolving debt facility with Credit Suisse.
A Kickstart Accelerator programme in Switzerland has proved fertile hunting ground for some of the countries biggest banks as they seek out fresh talent and innovative applications for financial sector deployment.
A wave of new digital tools will complement, not replace, finacial advisors, according to senior Credit Suisse exec Marco Abele, who says it's not yet time to worry about the rise of the robo-advisors.
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.
© Finextra Research 2017