The International Swaps and Derivatives Association is working with a consortium of 18 buy-side and sell-side institutions to create an open source standard derivatives product identification system.
Many UK banks seem to be basing their decisions not to repay victims of card fraud "on a hunch", without conducting a full investigation, says the Financial Ombudsman.
Saxo Bank is to give traders and developers access to its trading infrastructure via a new Rest-based open API, ushering in a new era of collaborative innovation.
Thomson Reuters is planning to tap into Canada's startup community with the opening of a data and innovation lab in Waterloo, Ontario.
A new trade association intended to provide a single voice for the emerging fintech and payments ecosystem in Ireland has launched, with the aim of establishing the Republic as a leading international financial services hub.
Bloomberg has extended its partnership with Twitter in an agreement that will see more data from the social media platform make its way to Bloomberg terminal users.
A US judge has given a group of banks the go-ahead for a class action lawsuit against Target over the massive 2013 data breach at the US retail chain.
A collection of fintech players, including Nasdaq, Yodlee, Tradier and Level39, have joined forces to create an ecosystem that connects developers with APIs.
The private equity owners of WorldPay are reconsidering their planned mega-flotation of the British payments company as French rival Ingenico drums up funds for a £6.6 billion takeover bid.
Over 180 million journeys have been made using contactless payments on London's transport network in the first year since its launch, accounting for one-in-seven of all such transactions in the UK.
© Finextra Research 2015