This Week: Finos, Northern Trust, DTCC, and more

A summary of some of the past week's financial technology news.


Finos brings on 6 new members led by BMO            

The Fintech Open Source Foundation (Finos) has increased its membership to 55. BMO Financial Group has joined as a platinum member with Kim Prado, US CIO of BMO Capital Markets, re-joining the organization’s governing board. WhiteSource has joined as a gold member; Synechron as a silver member; and EDM Council (EDMC), International Securities Lending Association (ISLA), and the Mojaloop Foundation as associate members.

Finos will focus on

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Firms step up non-compete use to protect tech, data IP

US states are increasingly banning or limiting the use of non-compete contracts, but financial firms are using them more frequently to safeguard proprietary tech and data assets—including the knowledge of the individuals who work on them.

Waters Wrap: Examining ASX’s CHESS do-over

The Australian exchange was the first exchange to be all-in on DLT—and the project failed. Anthony speaks with ASX’s Tim Whiteley to discuss the lessons learned and why he thinks the second attempt will succeed.

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