DLT could give FX its ‘Netflix moment’
Blockchain’s proponents say faster settlement times make the technology akin to TV’s streaming revolution.
Where have all the blockchain startups gone?
Building a startup is hard. Building a blockchain startup is harder. More than 10 current and former financial blockchain builders and users detail their experiences of trying to cut their teeth on a once-darling tech, and the lessons they’re still learning from it.
Quantum computing: kryptonite for bitcoin and cyber security
Race is on to secure new encryption algorithms for DeFi, before quantum computers become a present danger.
People Moves: Cboe, Esma, ASIC, State Street, NeoXam, and more
A look at some of the key people moves from this week, including Erik Thedéen (pictured), who has been appointed vice chair of Esma.
More banks flirt with machine learning for CCAR—but risks persist
The superior computational grunt of neural networks is attractive to lenders, but a lack of explainability presents a significant downside.
Show your workings: Lenders push to demystify AI models
Machine learning could help with loan decisions—but only if banks can explain how it works. And that’s not easy.
Waters Wrap: Is AML Tech Worth the Cost? (And Cloud Moves & More Blockchain)
Anthony wonders if AML platforms are being scrutinized enough by banks and regulators, then looks at Wells Fargo's tapping of HPR for its quant division and Northern Trust’s blockchain plans.
Wells Fargo’s Head of Quant Strategy Explains HPR Deployment
Wells Fargo’s Quantitative Prime Services division has tapped HPR’s Unimus platform, starting with its market access gateway and risk management tool.
Banks Explore Graph Technology to Tackle Data Complexity for Compliance
Although graph technology is still in the early stages of adoption, banks such as Wells Fargo and ING have begun leveraging it to find previously unknown connections between datasets.
This Week: MEMX, Sifma, Bloomberg, State Street, Digiterre, Infosys
A summary of some of the past week’s financial technology news.
This Week: SimCorp, Nasdaq, FactSet/Snowflake, IBM
A summary of some of the past week's financial technology news.
Wells Fargo Exec: Banks Struggle To Feed Hungry AI
Vast amounts of data and processing could hinder exploitation of emerging tech, says Ravi Radhakrishnan as it partners with MIT-IBM Research lab.
OpenFin Raises $17 Million in Series C Funding
It seeks to solve desktop interoperability issues and expand cloud services with this latest investment.
Leading Swap Dealers Join DTCC-Euroclear Margin Transit Utility
DTCC can now focus on expanding coverage of the MTU with the addition of leading dealers.
Facebook Data Chief: Data Drives Convergence and Opportunity
At the WatersTechnology North American Financial information Summit, Facebook’s Stephen Harris said data can help in identifying and understanding convergence opportunities.
Goldman Leads $38 Million Funding Round for Visible Alpha
Fintech firm to complete integration of Alpha Exchange and expand into Europe and Asia, with eye on potential further acquisitions.
Refreshed FIBO Incorporates Semantic Web Standards
EDM Council releases new version of FIBO that takes account of Semantic Web standards.
NAFIS 2017: Firms Dip Their Toes into Data Lakes for Analytics
Panelists at the North American Financial Information Summit described the transformative potential of “data lakes” for supporting firms’ ever-increasing analytics and alternative data storage requirements. Joanne Faulkner reports.
Wells Fargo Leads $18 Million Series A for Axoni
Distributed-ledger technology fintech now has over $20 million in funding.
Choosing a KYC Solution Depends on Information Needed
A panel at Waters USA said firms need to know what information they want before choosing vendors.
The FRTB Shuffle
Banks are preparing for FRTB and vendors are pushing the industry to figure out an infrastructure strategy to deal with it.
TMX Taps Ex-ICE, NYSE Tech Exec Rajarathinam as CIO
In a career spanning almost 20 years, Rajarathinam has worked at exchanges, banks and technology vendors.
The Roberts Group Hires Redmond
Redmond will oversee client relationships