A Swedish court has dismissed years-old allegations that Nasdaq abused a dominant market position to prevent rival exchange operator Burgundy from renting space in a data centre.
More than half of global banks expect to see their technology investment budgets rise by over 10% this year as they beef up cybersecurity and push for digital maturity, according to a survey from EY.
Citi has launched a programme that embeds students from leading universities into its innovation efforts, enabling participants to earn course credit for work with the bank on emerging technologies such as machine learning and big data analytics.
Four top tier financial institutions are collaborating on the use of distributed ledger technology to revive the market for mortgage-backed securities, the reviled financial instruments which precipitated the global banking crisis in 2008.
Investment research technology firm Visible Alpha has expanded its roster of big Wall Street name backers and set its sights on MiFID-led European growth after closing a $38 million funding round led by Goldman Sachs.
Spotting an opportunity for profit from new Market Abuse Regulations (MAR), Euronext has spent €5.8 million to acquire 80% of the assets of InsiderLog, a Stockholm-based supplier of insider list management.
Draper Esprit has led a whopping £56 million Series B investment round in Paris-based cryptocurrency wallet and blockchain security outfit Ledger.
US bank holding company BB&T is to set aside $50 million to invest in and acquire emerging digital technology companies in an effort to raise its competitive profile and drive down costs.
Standard Chartered has created a new business unit, SC Ventures, to invest in promising fintech startups and accelerate innovation initiatives across the group.
Bank of America has filed for or received more blockchain-related patents in the US than any other firm, beating out Mastercard and IBM for the top spot, according to research from law firm EnvisionIP.
© Finextra Research 2018