The French Government has cleared the way for the use of blockchain technology in the trading of unlisted securities, as it rewrites is rules to stimulate the innovation economy.
A previously unreported Russian-speaking crime ring has looted $10 million from 20 successful attacks on financial institutions and legal firms in the USA, UK and Russia over the past two years.
Commerzbank is looking to make savings by transferring its securities settlement operations to a new joint venture with HSBC Transactions Services.
The UK online alternative finance market grew 43% in 2016 to reach £4.6 billion, buoyed by increased institutional investment and a sustained pick up in innovative business lending models.
There are huge opportunities associated with blockchain technologies, which could change the financial sector in a sustained way, according to a Deutsche Bank report which is less sold on the potential of cryptocurrencies.
The Australian Senate has passed legislation extending anti-money laundering and counter-terrorism financing regulation to digital currency exchanges.
Starling Bank has hopped on to the Railsbank platform, providing a firm footing for businesses to issue UK bank accounts and access Faster Payments via the Railsbank Open API.
With bitcoin valuations steamrolling towards the $15,000 mark, Saxo Bank is forecasting a market peak price of $60,000 for the cryptocurrency followed by a rollercoaster descent back down to $1000.
The Australian Securities Exchange has confirmed plans to replace its Chess post-trade settlement system with a new blockchain-based platform provided by Digital Asset.
Former HSBC chairman Douglas Flint, US Treasury Secretary Larry Summers, and Microsoft chairman John Thompson are among the great and the good to join the global advisory council of Motive Partners, a recently established fintech investment vehicle set up by veterans of the global financial technology industry.
© Finextra Research 2017