Larry Thompson, vice chairman of the US Depository Trust and Clearing Corporation (DTCC), has made a rallying call for the development of standards in propelling the uptake of distributed ledger technology in financial markets, arguing that a lack of co-ordination and collaboration may only further complicate existing market structures.
Banks and asset managers are being hampered in their efforts to work with fintech firms by the desire to own intellectual property (IP), according to research from law firm Simmons & Simmons.
Payments processor Stripe is inviting US firms to take advantage of Atlas, its service which helps entrepreneurs get incorporated, open a bank account and start accepting payments.
UK digital challenger Monzo has had its banking restriction lifted, enabling it to start bringing current accounts to its users.
An R3 academic paper on central bank digital currencies (CBDCs) investigates the relative merits of a public network-based retail Fedcoin option and the private, permissioned wholesale CAD-coin alternative.
SIX Securities Services is to offer Legal Entity Identifiers to Swiss companies in partnership with the Depository Trust and Clearing Corporation.
The European Commission has officially blocked the proposed mega-merger between the London Stock Exchange and Deutsche Börse, citing competition concerns.
The Bahrain Economic Development Board is working to position the Kingdom as a fintech powerhouse, signing a co-operation deal with incubator and ecosystem builder Singapore Fintech Consortium and Dubai-based asset management and advisory firm Trucial Investment Partners.
Helping people with mental health problems was on the agenda for developers attending the UK Financial Conduct Authority's latest TechSprint app development challenge earlier this month.
While Bloomberg continued to command the lion's share of financial market spending on data, analysis and news in 2016, the firm saw its terminal user base shrink for only the second time in its 36-year history.
© Finextra Research 2017