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.
In the latest example of a bank bidding to ditch the pinstripes in favour of hoodies, HSBC is apparently on the hunt for a major fintech-focussed office space in the heart of London's hipster scene, Shoreditch.
Thomson Reuters has agreed to buy trading technology firm Redi Holdings in a bid to boost its buy-side offering. Financial terms of the deal were not disclosed.
China has overtaken the UK in digital payment volumes, helping to spur global growth to more than 10%, according to research from Capgemini and BNP Paribas.
The UK's Financial Conduct Authority has accepted 24 applicants, from a total of 69, to participate in its fintech sandbox, where innovative financial products can be tested before proceeding to authorisation.
Delivering financial services by mobile phone could raise the GDP of all emerging economies by six percent to $3.7 trillion over the next ten years and create 95 million new jobs, according to research by McKinsey Global Institute.
A criminal gang who posed as bank staff to defraud business customers out of a total of £113 million have been banged up in jail for a total of 27 years.
© Finextra Research 2016