This Week: Digital Asset, BNY Mellon-SimCorp, AccessFintech & More

A summary of some of the past week’s financial technology news

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Digital Asset Raises $35M+ to Push DAML Adoption

Distributed ledger technology provider Digital Asset has raised more than $35 million in Series C funding from new and existing investors to accelerate the adoption of its open-source DAML smart contract language across industries, and expand the range of DAML-enabled products form partner vendors.  Digital Asset will also use the new funding to support the development of new products aimed at developers, such as Project:DABL, a cloud-based

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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