Barclays Bank is entering formal engagements with eight of the 11 startups to pass through its latest fifteen-week accelerator programme and spinning out an internal team as a separate company.
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.
ANZ is following the lead taken by top tech companies such as Google and Spotify by laying waste to middle management in IT and moving to an agile self-directed approach to new product development.
JPMorgan Chase has formally exited blockchain consortium R3, following in the footsteps of fellow titans Goldman Sachs and Banco Santander who split last November.
More than 200 million financial services records were breached in 2016, representing a 937% percent increase over the previous year, according to data from IBM.
UBS, the world's largest wealth management firm, has moved its risk management platform to Microsoft Azure cloud technology.
VC funding to fintech companies in Europe spiked in Q1, while US deal activity cooled, according to the latest figures from CB Insights.
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.
Mizuho Bank is preparing to conduct its first live trade financing transactions over a distributed ledger developed in association with IBM.
Interbank messaging network Swift has rounded up an initial group of six leading correspondent banks to participate in proof-of-concept trials to determine if distributed ledger technology could help banks reconcile their nostro databases in real time.
© Finextra Research 2017