A new Spanish blockchain consortium spearheaded by Cecabank and professional services firm Grant Thornton is building tools designed to combat money laundering and boost KYC efforts.
Two Australian fintech associations have welcomed a commitment by the country's securities regulator to step up research and investment in technologies that could help ease the compliance burden for new companies entering financial services.
Following a year-long experiment, the Bank of Canada says that distributed ledger technology is not ready to act as the backbone of a wholesale interbank payment system.
FIS is to sell a 60% stake in its global consultancy unit Capco to private equity firm Clayton, Dubilier & Rice (CD&R) for $477 million, retaining a minority 40% interest in the business.
In the largest funding round in the history of distributed ledger technology, the R3 consortium has raised $107 million from around half of its members as well as Intel and Temasek Holdings.
Bank of England governor Mark Carney is the latest top banker to have fallen victim to an e-mail prankster, joking with the culprit about the drinking habits of former governor Eddie George.
A Ukrainian hacker has pleaded guilty to his part in an international scheme to hack into three business newswires, steal yet-to-be published press releases and make trades that allegedly generated approximately $30 million in illegal profits.
TransferWise is moving further into traditional banking territory, setting up a 'borderless' bank account for businesses that need a multi-currency account for trading in overseas markets.
Euronext is to acquire a 90% stake in spot FX trading network FastMatch for an initial cash consideration of $153 million.
Global regulatory bodies are calling for increased scrutiny of credit offerings from fintech-based alternatives to traditional banks.
© Finextra Research 2017