Guotai Junan International updates derivatives tech with Finastra
Hong Kong firm goes live on Fusion Sophis.
Trade Finance
Sumitomo Mitsui Banking Corporation revamps FX with Kx Systems
Japanese bank taps Kx to power its e-FX operations.
UK fintech Freetrade hit by claims of toxic workplace culture
Former staff said there was no HR person or office manager to voice concerns with.
Bank-backed blockchain trade platform Contour launches in Singapore
Contour is built on R3’s Corda platform.
The rise of investment apps
There’s an appetite to save and invest despite low interest rates across Europe, Australia and the US.
Finma fines Swiss bank CEO $752,000 for insider trading
The executive used covert deposit accounts under his wife’s name.
BMO to acquire Clearpool
The transaction is subject to receipt of required regulatory approvals & conditions.
FCA admits it does not track frequency of funds that block investor withdrawals
The UK financial watchdog has been severely criticised for its lack of oversight of several funds.
A thousand EU financial firms plan to open UK offices after Brexit
EY estimates that around 7,000 positions would be relocated from London to Europe.
WisdomTree takes lead in $17.65m Securrency investment
It plans to pursue the integration of blockchain technology into the ETF ecosystem.
Salaam African Bank in tech overhaul with Oracle
EXCLUSIVE: The deal includes Flexcube core, digital banking, payments and trade finance solutions.
BNY Mellon Markets appoints Paresh Shah as global COO for FX
He joins BNY from HSBC, where he held the role of COO Americas for FX.
Covered Bond Bank migrates international branches to Avaloq Banking Suite
New York, Singapore, and Shanghai all switch to Avaloq system.
ESMA issues final report on SFTR, tackles non-EU LEIs
European regulator posts final notice before SFTR’s April live date
Reasons behind the rise of fintech companies popularising stock market investing
Being financially successful is ‘cool’ and is a growing aspiration for younger generations.
A market course correction will rein in overblown valuations in 2020
Recent disappointing IPO stories are sending investors back to the drawing board.
Signing up to the future
A legal evangelist explains why she expects the future of contracts to be autonomous.
Cboe Global Markets agrees to acquire EuroCCP
The deal is expected to close in the first half of 2020.
National Bank of Kuwait replaces its legacy systems with Murex’s MX.3
It will become NBK’s choice for trading, bookkeeping, risk management and more.
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
Capital market disruptor Capitolis raises $40m in Series B
Investors see the fintech in a position “to transform a whole industry”.
Tickr plans to raise capital in 2020 to aid its European expansion
The social impact investment platform’s co-founder tells FinTech Futures of its 2020 vision.
Askari Bank selects Finastra to boost trade finance operations
Pakistan-based bank selects Fusion Trade Innovation.
Euronext and SIX head-to-head in race to acquire Madrid exchange
A bidding war could develop between the two firms.
Why has Lithuania become a key destination for licensing in Europe?
As part of its newly devised strategy, Lithuania put several tools in place.
Avaloq completes Derivative Partners acquisition
Zurich-based Derivative Partners to remain independent for the time being.
India’s NSE announces API sandbox for fintechs around the world
The sandbox was launched at Singapore FinTech Festival 2019.
BIS appoints head of its new innovation hub
Benoît Cœuré joins from the ECB executive board.
DBS Bank unveils trade finance blockchain project
The new scheme is supported by a handful of collaborators.
Santander splashes £350m for majority stake in Ebury
The bank’s 50.1% majority stake will put £70 million towards Ebury’s expansion.
Commonwealth Trade Bank selects Intellect Design Arena’s IDC system
Newly renamed bank to use IDC across multiple operations.
Trade finance – network to network
Trade finance indeed needs a network to network.
GMG, Wecan and Capelli bring blockchain to real estate sector
The product is dubbed ‘Wecan Tokenize’.
CIMB Bank Singapore completes first trade finance transaction with blockchain
Bank was aided in the transaction through use of iTrust platform.
Industry apathy remains as SFTR deadline looms
Market participants suggest there is a worrying lack of preparedness for SFTR.
Calastone takes on ex-BNY Mellon exec Dan Kramer for US expansion
Kramer managed end-to-end customer experience at BNY Mellon.
Swift to expand its gpi into securities and FX transactions
Swift predicts the world too will take this holistic approach to gpi.
Mandates and machines: The power of technology to bridge regulatory gaps
The SFTR challenge is complex, but technology can bridge these gaps.
What you need to know before implementing artificial intelligence & machine learning
ML solutions should be trained in the three Cs of data visualisation: Correctness, context and category.
SEC introduces new rule to boost ETF competition
US regulator hopes to break open a market dominated by large players.
