Working under the R3 banner, a gang of eight banks have successfully tested a distributed ledger prototype for bond transactions using Intel technology.
BNY Mellon, Deutsche Bank, Icap and Santander have joined with UBS and Clearmatics to advance the Utility Settlement Coin, an asset-backed digital cash instrument implemented on distributed ledger technology.
UBS has signed a deal with the UK's National Physical Laboratory for a trusted timestamping service that operates independently of GPS timing, removing susceptibility to jamming, spoofing, urban canyon effects and space weather during high frequency trading.
After two years of intensive collaboration, two dozen financial institutions led by UBS, Credit Suisse and Julius Baer together with fundinfo AG have agreed on publishing the openfunds standard, version 1.0, on www.openfunds.org.
UBS, Santander and CIBC are among seven banks to sign up to the Ripple's distributed ledger technology for cross-border payments.
Traiana, the leading provider of pre-trade risk and post-trade processing solutions, announces today that it has gone live with Barclays and UBS on its Harmony CCP Connect for Equities platform.
San Francisco-based robo-advisor SigFig has raised $40 million in a new financing round that includes investment from UBS and the fintech venture fund of Spain's Banco Santander.
UBS has invested in wealth management tech firm SigFig as part of a strategic alliance that will also see the San Francisco startup create digital tools for the Swiss bank's US advisors.
The Singapore government is launching a dedicated office designed to help fintech startups set up in the country.
Switzerland's five biggest banks are talking to retailers and financial infrastructure provider SIX Group about a joint mobile payments service.
© Finextra Research 2016