ESMA postpones CSDR settlement discipline regime
EU regulator gives market six more months to prepare.
Trading Technology
Citi deploys Cobalt post-trade infrastructure
US investment bank installs tech to reduce duplication.
Trio digital brokerage to launch in US by ex-N26 employee
The everyday account will be linked to ETF returns.
Guotai Junan International updates derivatives tech with Finastra
Hong Kong firm goes live on Fusion Sophis.
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.
The rise of investment apps
There’s an appetite to save and invest despite low interest rates across Europe, Australia and the US.
Freetrade takes on Europe, starting with the Netherlands and Ireland
Germany and France are next on Freetrade’s list.
BMO to acquire Clearpool
The transaction is subject to receipt of required regulatory approvals & conditions.
The future of regtech is data-driven: How to stay ahead of the curve
There are no shortage of challenges that will need to be addressed through innovation.
Capital markets fintech iStox raises $5m in South Korea
iStox claims to offer one-stop issuance, custody and trading of digitised securities.
GAM partners with SimCorp to consolidate its operating platform
SimCorp Dimension will serve as GAM’s core front office platform and IBOR.
WisdomTree takes lead in $17.65m Securrency investment
It plans to pursue the integration of blockchain technology into the ETF ecosystem.
Covered Bond Bank migrates international branches to Avaloq Banking Suite
New York, Singapore, and Shanghai all switch to Avaloq system.
Oman’s largest port signs deal with IBM’s blockchain platform TradeLens
The port wants to undergo a “digital transformation in its day to day operation”.
British government investigating cyber-attack link to 2019 LSE outage
The August 2019 outage delayed trading by an hour and 40 minutes.
Reasons behind the rise of fintech companies popularising stock market investing
Being financially successful is ‘cool’ and is a growing aspiration for younger generations.
China suspends London-Shanghai exchange partnership
The rumoured order comes amid rising political tensions.
Supplement: the 2019 fintech review
Ruby Hinchliffe dissects her top five 2019 fintech trends from this year’s top stories!
What is the best time to buy cryptocurrencies?
Everything you need to know when investing in cryptocurrency.
Banking Technology December 2019 / January 2020 issue out now
A year in review.
Freetrade brings first native full stack solution to UK
The exec team come from Snapchat, Google and KPMG.
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.
Start-up Saga launches stabilised SGA token with major bank and exchange advisors
JP Morgan Chase’s chairman and former deputy attorney-general of Israel are on the board.
UK firms struggling to meet Mifid II reporting requirements
A fifth of investment firms are failing to report properly.
US fintech Robinhood pulls OCC banking application
The start-up is calling the withdrawal “voluntary”.
Goldman Sachs fined $1m for not recording traders’ calls in 2014
The bank failed to record calls for three weeks.
HSBC turns to blockchain to digitise private placement records
The bank has launched its new Digital Vault platform.
Smartstream partners with Union Systems to tap Africa’s finserv space
Union Systems has a presence in 19 African countries.
Capital market disruptor Capitolis raises $40m in Series B
Investors see the fintech in a position “to transform a whole industry”.
Euronext and SIX head-to-head in race to acquire Madrid exchange
A bidding war could develop between the two firms.
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.
Failed London Stock Exchange bid costs HKEX $16m
Majority of the figure down to consultants and advisory fees.
Poll reveals US falling behind in faster payments adoption
A lack of interoperability is cited as the main reason for slow progress.
UK start-up Freetrade raises $15m, inc. first-time investor Draper Esprit
Draper Esprit invested $7.5 million in the fintech.
The dawn of T+3 minutes liquidity management
Help is at hand for intraday liquidity.
Commonwealth Trade Bank selects Intellect Design Arena’s IDC system
Newly renamed bank to use IDC across multiple operations.
Moving from on-premise to destination to distributed platforms and networks
Most efforts to digitise global trade finance have been unsuccessful.
