https://www.fintechfutures.com/wp-content/themes/fintech_child/assets/images/logo/fintech-logo.png
  • Home
  • COVID-19
  • News
  • Intelligence
    • Back
    • Analysis
    • Interviews
    • Features
    • White Papers
    • Case Studies
    • Surveys, Reports & Infographics
    • Webinars
    • Podcasts
    • Videos
    • Library
    • Techwire
    • Browse
  • Publications
    • Back
    • Banking Technology Magazine
    • Supplements
    • Daily News at Sibos
    • Subscribe to Magazine
  • Content Hub
    • Back
    • COVID-19: industry impact & response
    • Challenger Banks Guide
    • Food For Thought
    • I’m Just Saying
    • Through a Gen Z Lens
    • Ask The Expert
  • Videos
  • WTF? Podcast
  • Awards
    • Back
    • Banking Technology Awards
    • PayTech Awards
  • Advertise
  • Jobs
  • More
    • Back
    • About us
    • Contact us
    • Advertising / Media Kit
    • Banking Technology Magazine Calendar
    • Reports Calendar
    • FinTech Futures Newsletter
    • Events
  • FinTech
  • BankingTech
  • PayTech
  • RegTech
  • WealthTech
  • LendTech
  • InsurTech
Banking Technology
  • NEWSLETTER
  • Home
  • COVID-19
  • News
  • Intelligence
    • Back
    • Analysis
    • Interviews
    • Features
    • White Papers
    • Case Studies
    • Surveys, Reports & Infographics
    • Webinars
    • Podcasts
    • Videos
    • Library
    • Techwire
    • Browse
  • Publications
    • Back
    • Banking Technology Magazine
    • Supplements
    • Daily News at Sibos
    • Subscribe to Magazine
  • Content Hub
    • Back
    • COVID-19: industry impact & response
    • Challenger Banks Guide
    • Food For Thought
    • I’m Just Saying
    • Through a Gen Z Lens
    • Ask The Expert
  • Videos
  • WTF? Podcast
  • Awards
    • Back
    • Banking Technology Awards
    • PayTech Awards
  • Advertise
  • Jobs
  • More
    • Back
    • About us
    • Contact us
    • Advertising / Media Kit
    • Banking Technology Magazine Calendar
    • Reports Calendar
    • FinTech Futures Newsletter
    • Events
  • newsletter
  • FinTech
  • BankingTech
  • PayTech
  • RegTech
  • WealthTech
  • LendTech
  • InsurTech

bankingtech.com

bankingtech.com


CME inks post-trade deal with Dwolla

  • Written by FinTech Futures
  • 29th October 2015

Derivatives exchange CME has signed a commercial agreement with Dwolla, a bank transfer platform. The arrangement will use Dwolla’s real-time architecture to support on demand payment clearing and settlement services. It is intended to streamline payment operations for CME Clearing members.

“With its established customers and proven real-time systems, Dwolla’s technology provides CME Group with an innovative platform to deliver secure and sophisticated payment services to our clearinghouse member firms,” said Sunil Cutinho, president of CME Clearing.  “As we continue to explore additional applications of Dwolla’s technologies and the resulting efficiencies to be gained, we are pleased with the immediate value we will deliver to our clearing members.”

The first application of Dwolla’s technology will be applied to CME Group’s Broker Payment Systems and Give Up Payment Systems and will enable customers to process payments more quickly and cost efficiently. This is the first time Dwolla has been applied in the exchange space.

In addition to this commercial arrangement, CME Group is also a strategic investor in Dwolla through its investment arm, CME Ventures.

“CME Group has helped Dwolla bring real-time technology to the derivatives industry to enable faster access to liquidity and funding for the industry,” said Ben Milne, chief executive and founder of Dwolla.

Aside from traditional bank transfers, Dwolla’s network provides financial institutions with a real-time payments platform with its proprietary protocol, FiSync. Live since 2012, the secure connection provides banks an interoperable private-by-default ledger and mechanism that enables real-time clearing and settlement services, specifically the confirmation and availability of good funds.

Tags: Stock Exchange, Trading Technology CME, Dwolla News

Leave a comment Cancel reply

-or-

Log in with your FinTech Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related


  • Freetrade pauses trading for US stocks following technical issues
    Some investors woke up to their US stocks up over 2000%.
  • Visa and Plaid call off $5.3bn merger after US regulatory pressure
    The two had initially intended to close the deal by June 2020.
  • Philippines' mobile wallet GCash closes on $1bn valuation with new funding
    Mynt-operated firm raises $175m from US investor.
  • Shariah P2P fintech Alami raises $20m in debt financing
    Alami hopes to distribute trillions to SMEs and micro businesses.
  • Saudi Arabia’s central bank plans open banking go-live for 2022
    SAMA has already “collected the local financial market participants’ feedback".
  • Temenos wins Transact deal with Czechzia’s Komerční banka
    The bank is aiming to launch products to the market faster.
  • Checkout.com valued at European record $15bn after $450m raise
    Profitable since it began, Checkout is an attractive proposition for investors.
  • New Zealand’s central bank victim of Accellion’s cyberattack
    New Zealand Stock Exchange was also the victim of a cyberattack in August.

Related Content

  • Curve lands $95m as it reveals losses have quadrupled
  • Stripe cuts off Trump campaign for inciting violence
  • ECB hires Claudia Plattner as new IT director
  • Revolut applies for UK banking licence to boost primary account numbers

Magazine

Banking Technology December/January issue out now

16th December 2020

Banking Technology November issue out now

  • 1
13th November 2020
view all

Reports & Surveys

Omdia Universe 2020-21: Temenos recognised as a leader for digital banking platforms

15th December 2020

Report: Digital KYB – a springboard to customer onboarding success

30th November 2020

Report: Three key strategies for customer experience success

15th November 2020
view all

Content Hubs

COVID-19: industry impact & response

26th June 2020

The rise of challenger banks around the world

26th June 2020

CRUX RegTech Digital Day – 28 July 2020

26th June 2020
view all

Podcast

What the Fintech? | S.2 Episode 1 | Innovation in commercial lending

20th January 2021

What the Fintech? Episode 18 | Year in review

18th December 2020

What the Fintech? Episode 17 | The spirit is willing, but the markets are weak

1st December 2020
view all

Videos

Video: Top fintech stories this week – 15 January 2021

15th January 2021

Video: Top fintech stories this week – 08 January 2021

8th January 2021

Video: Top fintech stories this week – 11 December 2020

13th December 2020
view all

White Papers

Embedded insurance: a $3tn market opportunity, that could also help close the protection gap

4th January 2021

White paper: The business value of ServiceNow for retail banks

12th December 2020

E-book: Migration to cloud – your guide to delivering an intuitive customer experience

8th December 2020
view all

Techwire

BlackRock Announces Results of Shareholder Vote at Adjourned Joint Special Shareholder Meeting Relating to the Reorganizations of Five Municipal Closed-End Funds

21st January 2021

Fortune Writer and Author Jeff John Roberts Hosts ‘Bevel, Books and Bourbon’ to Discuss “Kings of Crypto: One Startup’s Quest to Take Cryptocurrency Out of Silicon Valley and Onto Wall Street"

21st January 2021

Paystone Closes $69 Million Financing Round

21st January 2021

Victory Insurance Expands its MGA Program to 47 States in Under Two Months with Insurity’s Highly-configurable ‘Workers’ CompXPress’ Solution

21st January 2021

Artis Technologies Selected for ICBA ThinkTECH Accelerator

21st January 2021

Tinubu® Square Announces Technological Collaboration With Microsoft

21st January 2021

Unique Digital Infrastructure Creates New Connectivity in Crop Insurance

21st January 2021

Temenos Hits Milestone of 60 Challenger Bank Clients, Confirming Status as Technology Provider of Choice

21st January 2021
view all

Twitter

FinTech_Futures

A thing apart "What about tears that are not about life outside the office walls, but life inside them?" By… twitter.com/i/web/status/1…

21st January 2021
FinTech_Futures

Douyin, the Chinese version of popular short form video app, TikTok, just added online payments to the app. fintechfutures.com/2021/01/tiktok…

21st January 2021
FinTech_Futures

Under the hood of London payments platform @Currencycloud - @rubyhinchliffe digs into tech, structure, product dev… twitter.com/i/web/status/1…

21st January 2021
FinTech_Futures

.@pyypl's regulation-first approach to MENA starts to pay off with four-figure % transaction growth in 2020 fintechfutures.com/2021/01/pyypls…

21st January 2021
FinTech_Futures

Berlin-based corporate credit card start-up Moss raises €21 million in Series A fintechfutures.com/2021/01/corpor…

21st January 2021
FinTech_Futures

.@PPRO_Payments reaches $1bn valuation on back of $180m venture raise fintechfutures.com/2021/01/ppro-r…

21st January 2021
FinTech_Futures

Retailer Uniqlo [@UNIQLO_JP] cuts out middlemen with own payments integration, starting with Japanese stores fintechfutures.com/2021/01/retail…

21st January 2021
FinTech_Futures

Czech BNPL Twitso [@Twistocz] nabs €16 million in Series C funding fintechfutures.com/2021/01/czech-…

21st January 2021

Report: Digital Know Your Business (KYB)

Free download

Report: Three key strategies for CX success

Free download

Omdia Universe: selecting a digital banking platform

Free download

FinTech Futures Jobs

Find a job or post a vacancy

Fintech Futures
  • About us
  • Advertise with us
  • Contact us
  • Fintech jobs
  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookies Policy
  • Terms
Copyright © 2021 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X