The Board of Directors of SIX Interbank Clearing Ltd has decided to revise the inpayment slip with data code planned for mid-2018.
While three quarters of banks are actively experimenting with blockchain technology, regulatory uncertainty and a lack of inhouse expertise are proving major roadblocks to near-term adoption, according to research from SIX Securities Services.
Swiss financial infrastructure provider SIX Group is to open up its F10 incubator and accelerator as an independent association for Swiss financial firms as it sifts through 120 applications for its next cohort of startups.
Independent research commissioned by SIX Securities Services, has revealed that that over two thirds (64%) of financial institutions are concerned that agent banks have both custody and investment business lines.
China Construction Bank (CCB), China’s second largest commercial bank and the only authorized Renminbi Clearing Bank in Switzerland, today announced its plans to work more closely with SIX Securities Services, the Swiss post-trade infrastructure.
Research conducted by SIX Securities Services has revealed that as financial institutions become increasingly capital constrained, almost a third (32%) are looking to outsourcing as a way to reduce costs.
SIX Securities Services and Clearstream have struck a deal to provide shared services to local and European markets, as rising costs and pressure for diversification force consolidation in the European clearing and settlement industry.
SIX Securities Services has contracted with Digital Asset Holdings to develop a proof of concept that will demonstrate the commercial viability of distributed ledger technology across the Swiss financial market, with an initial focus on securities lifecycle processing.
Alexandre Zeller will be stepping down as Chairman of the Board of Directors at SIX at the end of September 2016. Following the merger, Alexandre Zeller successfully honed the strategy of SIX and geared the Group to meet the new demands from the international and national markets.
Given the challenging economic environment, SIX can look back on a good first half of 2016. Compared to last year, operating income, EBIT and Group net profit all rose.
© Finextra Research 2016