America is finally getting faster payments, with Nacha launching the first phase of same day ACH, speeding up credit transactions to all bank accounts.
IBM and China UnioPpay have demonstrated a blockchain prototype for loyalty bonus points exchange among multiple banks.
As Swift gears up for its annual Sibos jamboree in Geneva next week, the interbank messaging network is facing up to a growing threat from Ripple, which has signed up several major banks to a steering group on the use of distributed financial technology for global payments.
The Australian Securities Exchange (AS) has blamed an "unprecedented" hardware failure for problems on Monday that forced the bourse to open late and close early.
Shares in Bats Global Markets have soared on the back of speculation that it may be acquired by the venerable Chicago Board Options Exchange.
The UK's Payment Systems Regulator is to investigate complaints from consumer body Which? over the levels of protection offered by banks to customers who are conned into sending payments to fraudulent accounts.
The private consortium of owners of Nordic payments processor Nets have almost doubled their money as the company realised a value of 30 billion kroner ($4.5 billion) as it floated on Nasdaq Copenhagen.
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.
The Innovation Engineering team at Royal Bank of Scotland has built a Clearing and Settlement Mechanism (CSM) based on the Ethereum distributed ledger and smart contract platform.
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.
Swift's bid to get down with the new generation of hip young gunslingers shaking up the banking industry has manifested in a Spotify playlist curated by SibosDJ.
© Finextra Research 2016