Visa, MasterCard, WorldPay and others in the payments sector can relax: Bitcoin will remain a niche player and blockchain technology poses little risk, according to a new report from Credit Suisse, which has less comforting news for Swift.
Fifteen months on the from the initial roll out of its digital private banking platform in Singapore, Swiss bank Credit Suisse is launching an upgraded version for high net worth clients in Hong Kong.
Credit Suisse, a leader in the global cleared derivatives industry, has selected the Derivatives Utility from FIS (NYSE: FIS), a global leader in financial services technology, for its post-trade futures and cleared over-the-counter (OTC) derivatives operations and technology.
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.
Switzerland's five biggest banks are talking to retailers and financial infrastructure provider SIX Group about a joint mobile payments service.
Credit Suisse has formed a joint venture with big data outfit Palantir that will focus on identifying rogue bankers, according to Bloomberg.
The two largest Swiss banks UBS and Credit Suisse, are partnering with Swisscom, Swiss Life and Ernst & Young to launch a fintech accelerator with an international target audience.
The Securities and Exchange Commission yesterday announced that Barclays Capital Inc. and Credit Suisse Securities (USA) LLC have agreed to settle separate cases finding that they violated federal securities laws while operating alternative trading systems known as dark pools and Credit Suisse’s Light Pool.
Dutch co-operative bank Rabobank is set to shed almost a fifth of its workforce as it restructures in order to meet new European banking regulations.
Nine of the world's largest banks are backing an initiative to create a set of global standards for the use of distributed ledger technology in financial markets.
© Finextra Research 2016