The Bank of England is to take over the direct running of the UK's Chaps high value payment system as part of a blueprint for a rebuild of its real-time gross settlement platform to accommodate new market entrants and a future-proofed interface to distributed ledger technology.
In a high-frequency trading world where every microsecond counts, Intercontinental Exchange has struck a deal with the UK's National Physical Laboratory to ensure co-location customers at its data centre in Basildon get precise timing.
Technological advances and regulatory changes over the last 10 years have transformed the way that markets function, but small and medium growth firms are not feeling the benefit, says Nasdaq.
ATM provider Cardtronics faces an in-depth UK Competition and Markets Authority (CMA) investigation into its multi-million pound acquisition of Canadian rival DirectCash Payments.
Proposals by the US Office of the Comptroller of the Currency to issue special purpose banking charters to fintech firms are up in the air following the departure of leading advocate Thomas Curry and his replacement as acting head of the Federal agency by Simpson Thacher & Bartlett partner Keith Noreika
The Autorité des marchés financiers (AMF), Québec's financial services regulator, has joined the R3 consortium and set up a fintech lab to help it study new technologies, such as blockchain.
UBS, the world's largest wealth management firm, has moved its risk management platform to Microsoft Azure cloud technology.
US state regulators have filed a lawsuit against the Office of the Comptroller of the Currency, upping the ante in an increasingly bitter dispute over the federal agency's plans to offer bank charter status to qualifying fintech firms.
Palantir Technologies, a Peter Thiel-founded big data outfit which claims the SEC among its clients, will pay $1.66 million to settle a US government complaint that it discriminated against Asian job applicants.
The European Commission is pumping EUR500,000 into a blockchain and distributed ledger technology 'observatory' and forum to help it build up its knowledge and expertise on the subject.
© Finextra Research 2017